-
Hong Kong’s SFC to Approve New Crypto Licenses by End of Year
Hong Kong’s Securities and Futures Commission (SFC) is gearing up to approve a batch of new crypto licenses by the end of this year, signaling a significant step towards regulating the virtual asset trading platforms in the region. According to a report by Trisha Husada on October 7, 2024, the SFC is currently considering 11…
-
Ohio Senator Introduces Bill to Allow Crypto Tax Payments
Ohio Senator Niraj Antani is pushing for a new bill that could potentially revolutionize the way taxes are paid in the state. The bill, introduced on September 30, 2024, aims to allow taxpayers in Ohio to pay their taxes using Bitcoin and other cryptocurrencies. If enacted into law, this legislation would require state and local…
-
Dubai Regulators Crack Down on Crypto Marketers with New Risk Disclaimer Rule
Dubai regulators have implemented a new rule that mandates crypto marketers to add a risk disclaimer to their marketing materials. The United Arab Emirates’s Virtual Assets Regulatory Authority (VARA) has issued a directive requiring crypto firms to include a disclaimer warning potential customers about the risks associated with investing in digital assets. This new regulation,…
-
Australia to Require Crypto Firms to Hold Financial Services Licenses: New Guidance Coming Soon
Australian regulators are taking steps to tighten regulations on cryptocurrency exchanges by requiring them to obtain financial services licenses. The move comes as the Australian Securities and Investments Commission (ASIC) prepares to extend licensing requirements beyond those related to digital currency exchanges, as reported by The Australian Financial Review (AFR). ASIC commissioner Alan Kirkland highlighted…
-
Australia to Introduce New Legislation Requiring Crypto Firms to Obtain Financial Services Licenses
Australian regulators are taking steps to tighten regulations on cryptocurrency exchanges by requiring them to obtain financial services licenses. The move comes as the Australian Securities and Investments Commission (ASIC) considers extending licensing requirements beyond those related to digital currency exchanges. ASIC commissioner Alan Kirkland revealed the authority’s plans at the AFR Crypto and Digital…
