Regulation News

Crypto regulation refers to the legal norms and directives implemented by governments worldwide to supervise the rapidly growing crypto sector. These regulations aim to protect investors and prevent illicit activities. However, such regulatory measures contradict the initial libertarian ethos of cryptocurrencies, which sought to create a decentralized environment free from governmental control.

While some nations warmly welcome crypto innovations, others enforce stringent bans. Read here for all the cryptocurrency regulation news and the latest updates worldwide. We cover critical regulatory shifts, such as the EU’s MiCA framework and US’s debates on crypto clarity. Track how different nations modify rules or how institutions like the World Economic Forum guide global crypto norms. Get the most recent crypto regulatory news on major crypto platforms and understand the impact of regulations on cryptocurrencies. Keep informed and navigate your crypto journey with confidence.

Latest Regulation News

Treasury wants to sanction defi with its latest efforts, TRM Labs says

The U.S. Treasury is likely to double down on its approach to sanction decentralize finance in 2024, TRM Labs suggests. As the Biden administration is urging Congress to consider the most significant updates to the Treasury‘s sanctions authority, the crypto…

12 mins ago

Bitzlato crypto exchange co-founder pleads guilty to AML violations

Russian co-founder of crypto exchange Bitzlato, Anatoly Legkodymov, pleaded guilty to money laundering charges. According to a press release published by the U.S. Department of Justice (DoJ) on Dec. 6, 2023 Legkodymov pleaded guilty to operating a money transmitting business…

2 hours ago

Japan mulls new crypto taxation regime for corporate crypto holdings

Japan is set to introduce a new taxation regime for companies that hold cryptocurrencies on their balance sheets for a long-term. Japan‘s policymakers in the Liberal Democratic Party and ruling coalition partner Komeito are weighing to bring a new proposal…

1 day ago

28 cryptocurrency firms in India register with national anti-money laundering agency

India's Financial Intelligence Unit has officially registered 28 Virtual Digital Assets and crypto service providers.

3 days ago

Analyst: SEC likely to prioritize ‘cash create’ spot Bitcoin ETFs

A Senior Bloomberg ETF analyst speculated that the Securities and Exchange Commission favors a particular redemption model and that could be a factor for which applications get approved.

3 days ago

South Korean regulators call for public reports on unlicensed crypto exchanges

Financial authorities in South Korea have established a period for users to report any unlicensed cryptocurrency exchanges operating within the country. According to the Dec. 4 update, this latest initiative is a collaborative effort between the Digital Asset Exchange Association…

3 days ago

Crypto exchange Coinbase discloses over 13,000 inquiries from law enforcement agencies in 2023

U.S.-based cryptocurrency exchange Coinbase has revealed it received over 13,000 requests from law enforcement agencies. According to Coinbase‘s latest “Transparency Report” published on Nov. 29, 2023 the crypto exchange says it received a total of 13,079 requests from law enforcement…

6 days ago

Circle denies allegations of illicit financial activities

Circle has publicly refuted allegations of improper banking relationships and financing of illicit activities in a detailed response to concerns raised by Senators Elizabeth Warren and Sherrod Brown.

6 days ago

Online bank SoFi exits crypto market, urges customers to withdraw assets

Online banking firm SoFi Technologies is leaving the crypto market, urging customers to migrate assets to Blockchain.com. SoFi Technologies Inc., an online banking platform, is set to leave the cryptocurrency market as the firm has notified its customers they need…

7 days ago

EU legislators advocate for metaverse strategy that bolsters region businesses

The European Union is advancing a strategy to lead in developing virtual worlds, aiming to strengthen EU businesses and lessen reliance on non-EU technological resources.

1 week ago

Singapore central bank chief sees no place for private crypto in the monetary scene

Ravi Menon says the country is instead clearing a path for CBDCs and regulated stablecoins. There will not be a place for private cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) in the monetary scene as many of them fail…

1 week ago

European Banking Authority proposes overhaul of AML, CFT rules for crypto providers

In a consultation paper released on Nov. 24, the European Banking Authority (EBA), an EU agency tasked with implementing a standard set of rules to regulate banking across all EU countries, highlights that existing regulations governing Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) standards compliance for crypto providers are inadequate.

2 weeks ago

Singapore mulls new crypto rules, wants to ban retail traders from incentives and credit cards

The Monetary Authority of Singapore is seeking new limitations to harden crypto speculation. Singapore’s financial watchdog, the Monetary Authority of Singapore, is set to impose new rules on retail crypto investors in a bid to safeguard customers from highly speculative…

2 weeks ago

House GOP whip Tom Emmer sees no need to rewrite laws for crypto following Binance’s settlement

The Minnesota Republican says current laws ‘are suitable to help weed out bad actors.’ Tom Emmer, the Minnesota Republican who has been crypto pro advocate for years, says there is no need for Capitol Hill to rewrite existing laws trying…

2 weeks ago

Binance to remain a top-three exchange until 2026 — Matrixport

Analysts at Matrixport do not rule out there will be pressure to ‘right-size’ Binance. With Changpeng Zhao leaving Binance as its Chief Executive Officer (CEO), the crypto exchange will likely have from two to three years before competition in the…

November 22, 2023 at 7:17 am

U.S. DOJ seeks $4b settlement from Binance, CEO may face criminal charges

The U.S. Department of Justice proposes a $4 billion settlement with Binance, potentially implicating founder Changpeng Zhao in a landmark case involving allegations of money laundering and sanction violations.

November 20, 2023 at 6:13 pm