Global Crypto Regulation News - 1 Nov 2022

Whilst Blockpass monitors and adapts to regulatory changes around the world, we only select specific news and developments to feature as articles on the Blockpass blog. To showcase more information around what is going on in the blockchain and crypto regulatory scene, we have a few links to interesting or important news and blog posts that feature relevant crypto regulatory and compliance issues…

• Alix Partners discusses the increasing regulatory interest shown in crypto, examines compliance measures and highlights the issues exchanges will face. 

https://insights.alixpartners.com/post/102hz8g/crypto-transparency-regulators-converge-and-regulation-intensifies#utm_source=Mondaq&utm_medium=syndication&utm_campaign=LinkedIn-integration

• Lexology examines the Financial Stability Board proposes improving global regulations, reducing risks whilst not stifling their potential

https://www.lexology.com/library/detail.aspx?g=ba9f4446-b6ec-4ff9-8501-75d6c02dec2f

• Quartz reports on the disparity in the view of cryptocurrencies as commodities or securities in the US government. 

https://qz.com/us-commodities-chief-thinks-most-cryptocurrencies-are-s-1849697645

• Hall & Wilcox look into the state of regulation of crypto assets and DAOs in Australia. 

https://hallandwilcox.com.au/thinking/australian-law-reform-commission-comments-on-regulation-of-crypto-assets-and-decentralised-autonomous-organisations/

• This Day reports on the South African regulators defining crypto as financial products.

https://www.thisdaylive.com/index.php/2022/10/24/the-nigeria-startup-bill-has-been-passed-into-law/

• Bitcoin.com reveals Russia seeking to use crypto for cross-border payments

https://news.bitcoin.com/new-mining-bill-permitting-cross-border-crypto-payments-filed-in-russian-parliament/

• Crypto Daily writes about the latest development in Costa Rican lawmakers’ attempts to nurture a crypto-friendly environment.

https://cryptodaily.co.uk/2022/10/costa-rica-considers-tax-exemption-for-bitcoin-transactions

• Bollyinside dives into the idea that crypto ownership in China is legal. 

https://www.bollyinside.com/news/china-does-not-forbid-cryptocurrency

• The National Law Review focuses on a crypto-asset regulation talk by the Federal Deposit Insurance Corporation’s Acting Chair. 

https://www.natlawreview.com/article/fdic-acting-chair-talks-prudential-regulation-crypto-assets