Blog
Global Crypto Regulatory News - 1 March 2023
March 02, 2023
Whilst Blockpass monitors and adapts to regulatory changes around the world, we only cover some of the news and developments in articles on the Blockpass blog. However, to showcase more information around what is going on in the blockchain and crypto regulatory scene around the world, we’ve selected some prominent or interesting news and articles that feature relevant crypto regulatory and compliance developments.
- IMF and G-20 Working on Crypto Regulations
Current G-20 chair India reveals details on work to regulate crypto.
- EU Accelerating Crypto Banking Regulation
In order to meet deadlines, the EU examines options for new and existing laws.
https://www.reuters.com/markets/europe/eu-calls-fast-track-crypto-capital-rules-banks-2023-02-20/
- Draft EU Law Brands Crypto ‘Maximum Risk’ for Banks
Crypto could end up being overly-restrictive for banks to deal with in the EU.
- Italy Preempts New EU Legislature
Work is underway to prepare the Italian financial market for the upcoming Markets in Crypto Assets (MiCA) framework.
- Asset Legal Battles
The fallout of the FTX collapse continues to impact crypto and prompt regulatory calls - particularly in the US.
https://www.politico.com/news/2023/01/31/crypto-collapse-ftx-abuse-regulations-sec-00077710
- Hong Kong Seeks to Entice Crypto
New draft proposals highlight Hong Kong’s move to be more welcoming to crypto and Web3.
https://finance.yahoo.com/news/hong-kong-crypto-regulation-may-021033413.html
- Panama President Wants Better Regulation
In an effort to make Panama a safe place to use crypto, the President objects to lackluster legislation in new crypto bills.
https://cointelegraph.com/news/panama-s-supreme-court-to-rule-on-cryptocurrency-legislation
- Kazakhstan Improves Crypto Regulation
In addition to cracking down on illegal mining and trading platforms, Kazakhstan seeks to bring its crypto regulations up to par.
https://news.bitcoin.com/kazakhstan-launches-consultation-on-proposals-to-improve-crypto-trading/
- Israeli Crypto Securities Law May Impact its Outlook
The CEO of an Israeli crypto custody and trading services company brings up issues with new crypto regulation proposals in Israel.
- Possible Tighter Controls for Argentinian Exchanges and Custodians
As a direct reaction to the FTX collapse, Argentinian regulators examine the pros and cons of proof-of-solvency requirements.
- Privacy Coins Banned in Dubai
Those looking for anonymous crypto in the Middle East suffer a blow as new guidelines come in.
https://cointelegraph.com/news/crypto-projects-respond-to-privacy-coin-ban-in-dubai
- The Issues with Crypto Tax
A look at the current problems in the taxation of crypto around the world.
https://fintech.global/2023/02/07/what-is-the-current-state-of-crypto-tax-reporting/
- Solving the Mixers Problem
Research from the Federal Reserve Bank of St Louis posits a simple crypto mixer solution.