Regulations

New Guidelines Subject Canadian Crypto Exchanges to Securities Laws

</header> <strong>Canadian regulators have issued new guidance determining when current securities legislation applies to operations conducted by cryptocurrency exchanges. According to the clarifications in the document, many domestic and foreign entities serving Canadian users, for example those that provide custodial services, will have to abide by the country’s securities laws and act like securities dealers. …

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Russia’s New Prime Minister Has an Opinion of Cryptocurrencies

</header> <strong>The Russian Federation has a new prime minister, Mikhail Mishustin, with a track record of statements regarding cryptocurrencies and an affection for digitalization.</strong><strong> A stated goal of his government will be to turn the country into a digital platform</strong><strong> “for the people.” Time will tell, however, whether his plan encompasses the legal use of …

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Canadian Regulatory Group Targets Crypto Exchanges Holding Users’ Digital Assets

Canada’s top financial watchdog has told crypto exchanges they will be subject to securities law if they act as custodians to users’ digital assets. The Canadian Securities Administrators (CSA) said in guidance published Thursday the common exchange practice of custodying users’ assets – “merely providing users with a contractural right or claim to an underlying …

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Direct Democracy Party to Solve Issues With Crypto Rights in Russia

</header> <strong>A new political force is being born in Russia out of the country’s tech business circles. The idea has been conceived by representatives of the country’s growing digital economy sector who want to embark on finding solutions to numerous issues that concern the crypto space. </strong> Also read: Eastern Europe Sees More Fiat Options …

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Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage Crime

</header> <strong>Thanks to the EU’s most recent money laundering directive, a small business called Post-a-coin, which sold cute postcards pre-loaded with tiny amounts of bitcoin, is being forced to shut down. Meanwhile, the most heinous criminals in history are continuing to facilitate violence, trafficking and laundering of cash with impunity. </strong> Also Read: Why the …

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Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia

</header> <strong>In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S., China, Japan, South Korea, India, and the Philippines.</strong> Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU-Wide Crypto Regulations …

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Japan and Philippines Discuss Pro-Crypto Laws, Cooperation Among Asian Countries

</header> <strong>Japanese Minister Naokazu Takemoto and Philippine Cabinet member Raul Lambino of Crypto Valley of Asia recently met to discuss Asian countries’ crypto regulations. They urge the Philippine Congress to introduce legislation on cryptocurrencies and security tokens, calling for cooperation among Asian countries.</strong> Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese …

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With New Regulations, Europe’s Crypto Companies May Be Running Out of Options

</header> <strong>European crypto companies are finding themselves in a changing regulatory environment. The new realities they have to deal with stem from the fifth edition of the European Union’s anti-money laundering directive. AMLD5 introduces stricter customer due diligence requirements and some in the industry have realized their business models, based on key principles of the …

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EU Countries Commence Crypto Regulations as Mandated by New Directive

</header> <strong>The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions.</strong> Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU’s Regulatory Deadline: …

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Dutch Derivatives Exchange Deribit to Move to Crypto-Friendly Panama

Deribit is moving to warmer waters, citing regulatory concerns. Announced Thursday, the Amsterdam-based crypto derivatives exchange will operate out of Panama as DRB Panama Inc., a wholly owned subsidiary of current platform Deribit B.V., beginning Feb. 10.  The company claimed the Netherlands’ presumed adoption of “very strict” anti-money laundering (AML) regulations applied to cryptocurrency firms …

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