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.
Despite the rule being updated last year, the FATF found that fewer than half of UN jurisdictions have successfully implemented the Travel Rule.
The latest charges are against Coinbase, accused of being an unregistered national securities exchange, broker, and clearing agency, and failing to register for its crypto asset staking-as-a-service program.
In another ongoing case between crypto and the SEC, Ripple still hopes to be deemed a commodity.
Some lawmakers in the US are attempting to provide clear regulatory guidelines for crypto and enable trading of coins deemed commodities by being ‘functional and decentralized’.
The Ooki Decentralized Autonomous Organization has been ordered to cease operations. Blockpass CEO Adam Vaziri posted on the ruling.
Following the introduction of the MiCA regulation, some EU lawmakers want to class all crypto as securities unless a national regulator deems otherwise.
The new law includes bans on certain offers such as friend referrals and new-joiner bonuses, and sets rules down for what marketing is and isn’t allowed.
Crypto would become a regulated activity when the law is passed and could lead to more specific guidance in the next year.
Binance has been ordered to cease trading in Belgium and is under investigation for alleged KYC/AML failures in France.
The President of Brazil has made the country’s central bank the regulator of crypto and a CBDC pilot is already underway.
A Legislative Council member from Hong Kong has extended an invitation to virtual asset trading operators to apply for a license as the region moves towards becoming a crypto hub.
501 cryptocurrencies have been approved for trade by the Commodity Futures Trading Regulatory Authority of Indonesia, highlighting its crypto-positive stance and how the country sees crypto as a commodity.
The revision of the law will be a relief for issuers with unrealized cryptocurrency gains who had previously had to pay 30% tax, with many leaving the country over the ruling.
If the law passes, starting in 2024, Ukraine aims to tax crypto profits at 18% and update its 2021 virtual assets law.