Global Crypto Regulatory News - 1 October 2024
Matthew Warner • 1st october, 2024
- BRIDGE Act May Improve US Crypto Regulatory Framework
The Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act would see a joint advisory committee of the SEC and CFTC improving crypto asset regulation.
https://today.westlaw.com/Document/I55a0ac25750611efb5eab7c3554138a0/View/FullText.html?transitionType=Default&contextData=(sc.Default)&firstPage=true
- Sunny Outlook for Crypto in Hawaii
New regulations in Hawaii show a positive stance towards crypto, with new regulation that eases burdens placed on crypto companies, leading many to investigate the state for business.
https://en.cryptonomist.ch/2024/09/13/hawaii-issued-a-new-regulation-in-favor-of-crypto/
- China Updating Crypto Regulations
Moving to combat new money laundering risks, the Standing Committee of the National People’s Congress is adding measures that cover cryptocurrencies.
- South Korea Enhancing Crypto Regulation
New legislation in South Korea aims to improve areas such as transparency and investor protection in the crypto space, KYC and AML procedures, and security token and CBDC regulation.
- Poland Continues MiCA Implementation
A new version of Poland’s Draft Act to implement MiCA standards is the result of a review of hundreds of public-submitted amendment suggestions covering areas such as oversight & fees.
https://www.aoshearman.com/en/insights/new-draft-of-polish-markets-in-crypto-assets-act
- Ireland Updates MiCA Regulation Guidelines
Ireland’s Central Bank has updated its MiCAR in line with the EU’s framework, affecting Asset Reference Token and Electronic Money Token issuers, as well as crypto-asset service providers.
- Romania Clamps Down on Crypto Compliance
Romania is taking steps to improve its money laundering and terrorism financing countermeasures with updated regulations that are clearer and more rigorous.
- Qatar's Framework for Digital Assets
New rules from the Qatar Financial Centre cover tokenization, property rights, custody arrangements and more, and lays the groundwork for the legally recognized smart contracts.
https://cointelegraph.com/news/qatar-financial-centre-digital-assets-regulation
- Bulgaria Introduces New Crypto Regulations
In order to adhere to the MiCA regulations, Bulgaria’s Ministry of Finance has introduced a draft law which will improve security and transparency around crypto investing in the country.
https://www.bignewsnetwork.com/news/274543296/new-crypto-regulations-in-bulgaria
- Ghana Stance Shifting on Crypto
The revelation of draft guidelines for digital asset regulations signifies that Ghana is moving to adopt cryptocurrency and blockchain following its previous crypto prohibition.
https://www.africanlawbusiness.com/news/21396-ghana-makes-milestone-cryptocurrency-move
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Matthew Warner is a content producer and researcher at Blockpass, focusing on writing and community engagement while exploring the potential of blockchain, AI, and IoT technologies.