virtual asset service providers. – DIGIT INFO

Taiwan’s new AML laws put crypto firms on notice

DIGIT — Thu, 03 Oct 2024 11:43:25 +0000

The Taiwanese FSC has released new Anti-Money Laundering laws that will completely replace its current regulations and require the full compliance of VASPs.

Go to Source

Binance Secures 20th Global Milestone With Argentina Crypto Registration

DIGIT — Thu, 03 Oct 2024 06:46:21 +0000

Crypto exchange Binance has achieved a significant milestone by joining Argentina’s Virtual Asset Service Providers Registry, marking its 20th global regulatory achievement. This allows Binance to expand its full range of services to Argentina-based users, further embedding itself in the country’s cryptocurrency market. Binance Joins Argentina’s Crypto Registry, Strengthens Global Compliance Crypto exchange Binance announced […]

Go to Source

UAE regulators to allow Dubai-licensed VASPs to service entire country

DIGIT — Wed, 11 Sep 2024 11:11:27 +0000

The agreement between UAE regulators covers the mutual supervision of crypto providers, penalty imposition, information exchange and employee training.

Go to Source

Thailand launches regulatory sandbox to test crypto services

DIGIT — Fri, 09 Aug 2024 12:08:15 +0000

Thailand has been moving toward a more crypto-friendly stance throughout 2024, approving a Bitcoin ETF, initiating tax breaks for crypto and more.

Go to Source

South Korea’s strict laws on crypto exchanges come into force

DIGIT — Sat, 20 Jul 2024 08:07:05 +0000

The new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19.

Go to Source

Taiwan proposes tougher AML measures for crypto service providers

DIGIT — Thu, 09 May 2024 12:19:05 +0000

Taiwan’s Ministry of Justice proposed four amendments to the country’s AML regulations focused on cryptocurrency firms that plan to impose hefty penalties for noncompliance.

Go to Source

Argentina to Regulate Cryptocurrency Exchanges With Executive Order

DIGIT — Fri, 23 Feb 2024 01:00:39 +0000

The government of Argentina is reportedly preparing to regulate cryptocurrency service providers with an executive order. The measure would be directed to keep Argentina out of the Financial Action Task Force (FATF) gray list, putting crypto service lenders under the oversight of the local securities watchdog. Argentina Reportedly Set to Regulate Cryptocurrency Service Providers by […]

Go to Source

Gemini’s Travel Rule measures reflect ‘worrying creep’ of overregulation

DIGIT — Thu, 09 Nov 2023 00:34:38 +0000

Gemini will be restricting its UK users to sending only to 58 virtual asset service providers that are registered under the Travel Rule starting Nov. 17. A Trezor analyst argues the measures will go against the principles of Bitcoin and financial freedom.

Go to Source

Hong Kong’s crypto rules set a high bar for ‘good reason,’ says SFC advisor

DIGIT — Wed, 05 Apr 2023 09:05:01 +0000

Lucy Gazmararian, an advisory board member to Hong Kong’s securities regulator said its crypto rules may present short-term challenges to crypto startups.

Go to Source

Uruguay Introduces Cryptocurrency Law in Parliament

DIGIT — Tue, 13 Sep 2022 06:00:14 +0000

A new cryptocurrency bill project was introduced by the executive power to the Parliament of Uruguay. The bill seeks to clarify how crypto assets will be regulated in the country, giving the Central Bank of Uruguay competence over cryptocurrency assets, modifying its organic charter, and introducing the Superintendence of Financial Services as the organization to […]

Go to Source