Auto Added by WPeMatico

G20 Watchdog Announces ‘Robust’ Global Crypto Regulation Coming in October

The Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank…

Continue ReadingG20 Watchdog Announces ‘Robust’ Global Crypto Regulation Coming in October

Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law

New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML)…

Continue ReadingHong Kong to Introduce Licensing for Crypto Platforms Through AML Law

Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support…

Continue ReadingCrypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

Fed’s Brainard Calls for Sound Regulation of Crypto Financial System to Be Established ‘Now’

Federal Reserve Vice Chair Lael Brainard has stressed the importance of establishing sound regulation for the crypto financial system “now before the crypto ecosystem becomes so large or interconnected that…

Continue ReadingFed’s Brainard Calls for Sound Regulation of Crypto Financial System to Be Established ‘Now’

US Treasury Delivers Crypto Framework to Biden as Directed in Executive Order

The U.S. Treasury Department has delivered a framework for crypto assets to President Joe Biden, fulfilling its obligation as directed in the executive order on crypto that the president issued…

Continue ReadingUS Treasury Delivers Crypto Framework to Biden as Directed in Executive Order

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country

The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay…

Continue ReadingRussia’s Finance Ministry Supports Circulation of Stablecoins in Country