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“# Stablecoins present new dilemmas for regulators as mass adoption looms ” Stablecoins present peculiar challenges to regulators. Although there is no single, agreed-upon definition of a stablecoin, the common denominator of the commonly used definitions is that stablecoins are designed to maintain a stable value in relation to a specified currency, asset or pool…
“# Turkish government to track crypto transactions over $1,200 ” Crypto exchanges with a presence in Turkey must now inform the Financial Crimes Investigation Board, or MASAK, about any crypto transactions over 10,000 Turkish liras ($1,200). Turkish Minister of Treasury and Finance Lütfi Elvan announced the new policy on a CNN Turk live broadcast last night. …
“# Tajik government taps blockchain firm for e-government infrastructure ” President of Tajikistan Emomali Rahmon is pursuing an ambitious integration of blockchain technology into his government’s ongoing modernization drive. According to an announcement from smart contract platform Fantom, a new public-private partnership between the Fantom Foundation and the Tajik Ministry of Industry of New Technologies will…
“# SEC chair hints at greater regulatory oversight for US crypto exchanges ” Recently confirmed U.S. Securities and Exchange Commission chair Gary Gensler punted to congress on providing more regulatory oversight to the crypto space, but also said the commission would act within its purview. In a virtual hearing held by the House Financial Services…
“# Indian start-up organization proposes regulatory framework for crypto ” IndiaTech.org, an industry association representing India’s consumer internet startups and investors, is backing wants to provide clear definitions for the cryptocurrency industry. On Wednesday, the association released a white paper including a policy proposal with recommendations for a regulatory framework for crypto-assets and crypto exchanges in…
“# South Korean regulators tell banks to open the books on cryptocurrency exchanges ” Financial regulators in South Korea have asked banks to provide information on their dealings with cryptocurrency firms, a local outlet reported on Wednesday, as authorities seek to determine how many cryptocurrency exchanges operate within the country’s borders. An unnamed regulatory body…
“# Survey shows South Koreans support crypto tax law ” An opinion poll conducted by South Korean television station YTN has shown significant support for the planned cryptocurrency tax regime in the country. According to a report by The Korea Herald, 53.7% of the 500 participants polled by South Korea survey firm Realmeter expressed support…
“# Uzbek presidential agency proposes legalizing domestic crypto trading ” A major governmental agency in Uzbekistan seems to be rethinking its stance on cryptocurrencies. The National Agency for Project Management under the President of the Republic of Uzbekistan, or NAFT, issued an official document proposing several amendments to licensing procedures for crypto trading. NAFT proposed to…
“# SEC enforcement chief steps down just days after appointment ” The United States Securities and Exchange Commission new enforcement chief, Alex Oh, has resigned from her position with the Securities and Exchange Commission just days after taking the role. According to an official SEC announcement, Oh stepped down for personal reasons. However, in Oh’s…
“# Our Man in Shanghai: Huobi looks to become Grayscale of Asia, Yao Ming’s NFT wine, and Chinese crypto investors go to the dogs ” Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a…