Virtual Assets Services Licenses in the UAE
The Abu Dhabi Global Market (ADGM) is one of the regulatory authorities in the UAE and has the most comprehensive payments and virtual assets regimes in the UAE market. ADGM licenses activities include (i) multilateral trading facility for virtual assets (i.e. a secondary market trading platform), (ii) brokerage, custodianship and issuance platforms for virtual assets, […]
New policy statement by the FCA in the UK regarding crypto assets
Recently, the Financial Conduct Authority, or FCA, in the United Kingdom issued a policy statement with the title PS 20/10. This policy statement prohibits both the sale, promotion and distribution of crypto derivatives (including CFDs) and crypto ETNs, as well as basically every financial instrument that references crypto assets or has crypto assets as the […]
Regulation of cryptocurrencies
Cryptocurrencies, and in some cases their incredible rollercoaster value fluctuations, have featured heavily in most major news outlets and have been debated a great deal in recent years. The regulation of cryptocurrencies did not keep quite the same pace for many years, but in recent years the regulating initiatives all over the world have become […]
Cryptocurrency exchange regulation in Malta
Malta might not be the biggest country in terms of size but it has certainly positioned itself as a global leader when it comes to cryptocurrency regulations, aiming to become known as the ‘blockchain island” worldwide. One of the first countries in the entire world to regulate the cryptocurrency business, it is also a top […]
Cryptocurrency exchange regulation in Singapore
Singapore has taken a more progressive and cryptocurrency friendly stance than most of its regional neighbors, that have in many cases banned cryptocurrency activities and businesses completely. In Singapore, however, both cryptocurrency exchanges and cryptocurrency trading is legal, and while cryptocurrencies (usually referred to as “digital tokens”) are not classified as a legal tender, the […]
Cryptocurrency exchange regulation in Australia
Cryptocurrency regulation in Australia has come a long way in recent years, and since we first mentioned it here on our website. Among other recent changes, cryptocurrency exchanges can now be licensed “Down Under”, but under the name Digital Currency Exchanges, a type of Digital Currency Business per the classification of the Australian regulator AUSTRAC. […]
Estonian Licensed Cryptocurrency Exchanges
When Estonia introduced a license specifically for cryptocurrency exchanges in November 2017 it was groundbreaking, and Estonian cryptocurrency licenses, issued by the Estonian Financial Intelligence Unit or FIU for short, continue to be sought after, since the government is extremely supportive of the cryptocurrency industry in general, allowing many companies within the industry to really […]
Cryptocurrency exchange regulation in Switzerland
While Switzerland may not strike everyone as a very progressive country on all counts, when it comes to cryptocurrency regulation Switzerland has definitely taken a very progressive stance compared to most countries. That is good for the industry as a whole, because Bitcoin and cryptocurrencies used to have a slightly bad reputation in some circles, […]
Ever-changing Crypto Landscape- How will the new Estonian Framework impact the Estonian Crypto Exchange Market?
Recently the Estonian FIU issued new guidelines for the establishment of licensed crypto exchange platforms in Estonia. These guidelines are aimed at creating one license for crypto exchanges in Estonia, unlike the current system that offers two licenses- the E-Wallet license and Virtual Currency Exchange license. These changes have impacted existing businesses in Estonia not […]
Regulation of Cryptocurrencies in Asia and Oceania
The continents of Asia and Oceania, home to some of the leading and emerging economies of the world, have seen dramatic developments in the cryptocurrency arena. China – The most recent development came out of China, China being a key player in the cryptocurrencies eco system as most of the mining capabilities of the industry […]