Tag

Crypto Licensing

All articles tagged with #crypto licensing

cryptocurrency2 years ago•3 min saved

China's Game-Changing Move and Elon Musk's Potential Impact on Bitcoin, Ethereum, XRP, Dogecoin, and More

China's Hong Kong has issued the first licenses under its new crypto regime, allowing bitcoin and crypto exchanges HashKey and OSL to serve retail customers in the city. This move is seen as a significant first-mover advantage and could potentially trigger the next price boom in cryptocurrencies. Hong Kong aims to establish itself as a major center for digital assets markets and stablecoins, attracting attention from industry players. Meanwhile, the bitcoin and crypto market is currently experiencing a period of low volatility, with bitcoin's stability potentially making it an attractive choice for risk-averse investors seeking exposure to the crypto space.

via Forbes|

#bitcoin #china #crypto-licensing

cryptocurrency-regulation2 years ago•1 min saved

EU Implements Comprehensive Crypto Regulations with MiCA Legislation

The European Union has signed its Markets in Crypto Assets (MiCA) regulation into law, which offers crypto exchanges and wallet providers a license to operate across the 27-nation bloc and requires stablecoin issuers to hold appropriate reserves. The law will take effect between 12 and 18 months later. The EU also signed a separate anti-money laundering law that requires crypto providers to verify their customers' identity when they transfer funds. The next stage of EU crypto regulation may cover topics such as staking, non-fungible tokens, and decentralized finance.

via CoinDesk|

#anti-money-laundering #crypto-licensing #cryptocurrency-regulation

cryptocurrency2 years ago•2 min saved

Hong Kong and Chinese Crypto Users Find Ways Around Beijing's Ban.

Hong Kong is moving forward with its plan to allow retail traders access to licensed crypto platforms, with a licensing regime for crypto exchanges set to come into effect on June 1. The chair of the FinTech Association of Hong Kong, Neil Tan, said that the opening of the financial industry to digital assets is a natural progression and that Hong Kong is stepping forward while other jurisdictions are stepping back. The region is also focusing on attracting talent and infrastructure providers to support its virtual asset hub ambitions.

via Cointelegraph|

#crypto-licensing #cryptocurrency #fintech

cryptocurrency-regulation2 years ago•2 min saved

EU Parliament Passes MiCA Crypto Regulations to End 'Wild West' Era.

The European Parliament has approved a new crypto licensing regime, Markets in Crypto-Assets (MiCA), and a separate law known as the Transfer of Funds regulation, which requires crypto operators to identify their customers to prevent money laundering. The EU is the first major jurisdiction to introduce a comprehensive crypto law. The rules will start applying from next year, and the European Securities and Markets Authority will announce its timetable for drafting secondary legislation under MiCA. The EU aims to protect consumers, safeguard financial stability, and market integrity.

via CoinDesk|

#crypto-licensing #cryptocurrency-regulation #eu-parliament