Blog
Global Crypto Regulatory News - 1 November 2024
November 02, 2024
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.
- US Unveils Draft Stablecoin Legislation
Protection for consumers whilst still allowing stablecoin growth through clear new regulatory standards is the goal of draft legislation in the US.
- Pennsylvania House of Representatives Passes Framework
A bill proposed to provide a regulatory framework that protects self-custody and crypto payments has met with great success in a recent vote and is one step closer becoming a law.
https://cointelegraph.com/news/pennsylvania-house-passes-crypto-regulation-bill
- Oklahoma Bill Protects Bitcoin Rights
New protections for bitcoin and digital asset holders with a bill that’s been signed into law in Oklahoma, supporting crypto adoption and mining.
- Push for Stronger MiCA Regulations
Concerns over MiCA’s structure and the need for tighter regulatory controls has led to the European Securities and Markets Authority to call for an update to MiCA regulations.
- Japan’s Incoming Crypto Gaming Laws
The Financial Services Agency in Japan has revealed that it will be amending crypto-gaming laws to make Japan a hub for crypto gaming whilst protecting gamers.
https://www.cryptotimes.io/2024/10/03/japan-reforms-crypto-gaming-laws-what-to-expect/
- Russia Controls Bitcoin Mining
In a bid to control crypto and mining through the introduction of new laws, the Russian government is able to ban digital currency mining and gain greater federal oversight of crypto.
https://cryptobriefing.com/russian-digital-law-mining/
- Cross-Border Stablecoin Regulation in South Korea
Stablecoin regulation in South Korea is set to tighten when involved with cross-border transactions and to ensure the security of stablecoin use.
https://cointelegraph.com/news/south-korea-to-regulate-cross-border-stablecoin-transactions
- New Regulations in Argentina
Argentina is proposing some new draft laws that will introduce certain standards for crypto institutions and improve protections for crypto users.
https://news.bitcoin.com/industry-stakeholders-cautious-as-argentina-drafts-new-crypto-regulations/
- New Regulation in Uruguay
The Central Bank of Uruguay is set to be the regulator and overseer of crypto companies as the country regulates cryptocurrencies, making them legitimate virtual assets.
https://news.bitcoin.com/uruguay-passes-cryptocurrency-law/
- Stricter AML for Crypto in Taiwan
AML regulations in Taiwan are getting more stringent as the Financial Supervisory Commission sets out to crack down on money laundering.
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.