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.
Another authority in the US, the Consumer Financial Protection Bureau, is seeking to oversee crypto businesses, including monitoring crypto-specific transaction and revenue data.
Oregon’s delay in adopting the Uniform Commercial Code is leading to a lack of clarity on how to treat commercial and secured transactions which use crypto assets.
Following a consultation earlier in the year, His Majesty's Treasury in the UK has confirmed final proposals for cryptoasset regulation.
In order to comply with Financial Action Task Force standards, Turkey moves to draft new and improved regulations relating to crypto assets.
Singapore’s financial regulator has approved blockchain firms for the issuance of stablecoins backed by the Singapore dollar or the currency of any G10 nation.
In order to lower the prevalence of money laundering and main tax transparency, South Africa is adopting the global Crypto-Asset Reporting Framework standard.
The first draft of the bill to govern cryptocurrencies in Kenya will be drafted by Blockchain Association of Kenya and is expected early next year.
A number of regulatory authorities in the UAE have issued guidance intended to shut down unlicensed virtual assets service providers, with strict penalties for the businesses, their owners and managers.
Coinbase is just one of the exchanges blocked recently as the government of Kazakhstan cites failure to comply with a specific clause in its Digital Assets laws.
Even previously regulation-skeptic entities such as the NGO ‘Bitcoin Argentina’ are embracing the idea of standards to ensure decentralization and to avoid fraudulent business practices from impacting crypto.