Regulation

The Bahamas Securities Commission has decided to introduce stricter rules for crypto businesses and tighten oversight of citizens' digital assets.

Finance ministers and central bank governors discussed the issue of cryptocurrency regulation during the G20 meeting in the United States on April 12-13, 2023.

US Security and Exchange Commission (SEC) Chair, Gary Gensler, recently revealed that the commission is working on a dossier for cryptocurrencies. The main goal of the platform is to unite all US financial regulators in the regulation of cryptocurrencies. The first goal is to reach an agreement with the US Commodity Futures Trading Commission on cryptocurrencies.

The United Kingdom has declined to implement a European Union rule requiring EU governments to monitor transactions on non-hosted digital wallets. The UK preferred to monitor transactions above a certain minimum amount to ensure compliance with financial regulations.

The latest report from the international financial regulator IMF examines the role and liability of cryptocurrencies and defi in the global financial system.

It seems regulators will not leave Meta, the parent company behind Facebook and Instagram, alone, even after the company abandoned its cryptocurrency projects. The new regulations drafted in the UK will target Metaverse developments.

The government of Belarus is working on changes to current legislation to incentivize investment. Among other things, investment funds will be given access to cryptocurrencies.

Representatives of the Liberal Democratic Party of Russia plan to submit a draught law on the regulation of cryptocurrency mining. They also suggest setting up a working group with representatives of various government committees to discuss the issue.

Breaking news. SEC has approved crypto ETFs.