Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates

It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses.

Russia plans to roll out digital ruble across all banks in 2024

Bank of Russia started CBDC testing in 2022 and expects to implement an official banking rollout in the year of presidential elections in 2024. The Bank of Russia continues working towards the upcoming adoption of the central bank digital currency (CBDC), planning an official digital ruble rollout in a few years.According to the Bank of Russia’s latest monetary policy update, the authority will begin to connect all banks and credit institutions to the digital ruble platform in 2024.

Dutch authorities arrest suspected Tornado Cash developer

The Dutch Fiscal Information and Investigation Service doesn't rule out multiple arrests in its ongoing criminal investigation against the crypto mixer Tornado Cash. Authorities in the Netherlands have arrested a developer that is suspected to be involved in money laundering through the crypto mixing service Tornado Cash.The Fiscal Information and Investigation Service (FIOD), an agency in the Netherlands responsible for investigating financial crimes, officially announced on Friday an arrest of a 29-year-old man in Amsterdam.The man has allegedly been involved in facilitating criminal financial flows and money laundering through the decentralized Ethereum mixer Tornado Cash, the authority said.The FIOD pointed out that it doesn’t rule out multiple arrests in the case, noting that its Financial Advanced Cyber Team (FACT) launched a criminal investigation against Tornado Cash in June 2022.According to the FACT, Tornado Cash has allegedly been used to conceal large-scale criminal money flows, including crypto hacks and scams.“These included funds stolen through hacks by a group believed to be associated with North Korea.

Moroccan Capital Markets Regulator Launches Fintech Portal

The Moroccan Capital Market Authority (AMMC), the capital markets regulatory body in Morocco, announced recently that it has launched a fintech portal on its website.

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases

The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency.

Brazilian Voting Authority Might Include Blockchain Tech in Future Elections

The Brazilian voting authority (TSE), has publicly declared it is studying blockchain as a technology that might help the organization in its task of organizing ballots.

Europe’s Securities Regulator ESMA Seeks to Obtain Crypto Transaction Data

The European Securities and Markets Authority (ESMA) is gearing up to implement stricter oversight in regards to crypto-related transactions.

EU crypto community has two weeks to join conversation on crypto data

The ESMA is looking for “crypto off-chain data,” or data from spot and derivatives trades at centralized exchanges or OTC crypto trading platforms. The European Union’s securities regulator continues to strengthen its focus on cryptocurrency regulation, initiating a move to implement increased scrutiny of crypto transactions.The European Securities and Markets Authority (ESMA) on Tuesday issued a public tender document aiming to collect additional information about trading data on crypto transactions.The regulator is specifically looking for “crypto off-chain data” or crypto-related transactions that do not originate from a blockchain.

Blockchain.com Gets Full Approval to Operate Crypto Exchange in the Cayman Islands

Blockchain.com announced that it had received full regulatory approval from the Cayman Islands Monetary Authority (CIMA) to operate its exchange and clearing house in the Cayman Islands.

Singapore's MAS to Open Public Consultation on Stablecoins Soon

Singapore’s apex bank, the Monetary Authority of Singapore (MAS), is ramping up plans to open up discussions with the public for stablecoin regulations.

Blockchain.com wins registration next to parent firm on the Cayman Islands

Blockchain.com is working to seek registrations in countries like Italy, France, Spain, The Netherlands and cities like Dubai. Blockchain.com, one of the oldest Bitcoin (BTC) infrastructure firms, is strengthening regulation and compliance efforts by securing registration in the Cayman Islands.The blockchain wallet and cryptocurrency exchange platform Blockchain.com is expanding operations in the Cayman Islands after receiving registration from the Cayman Islands Monetary Authority (CIMA).Issued on July 6, the registration officially authorizes Blockchain.com to provide custodial services, operate an exchange, and offer over-the-counter crypto brokerage services for institutional clients under the CIMA’s regulatory framework.

Dubai regulation check: Which companies got approvals recently?

In July, exchanges flocked to get approvals under Dubai’s Virtual Asset Regulatory Authority to expand their operations within the region. Dubai has positioned itself as one of the most crypto-friendly cities, having established a new regulator to cement the United Arab Emirates’ position in the crypto space.

Dubai permits full operation to FTX subsidiary FZE via first MVP license

According to Dubai officials, the subsidiary’s operations will serve as a regulatory trial for future commercial services using virtual assets. On Friday, FZE, a subsidiary of crypto exchange FTX, was awarded Dubai’s first Minimal Viable Product (MVP) license, allowing full operation of the exchange in the region. Dubai’s Virtual Asset Regulatory Authority (VARA) issued the operating license to FZE under the MVP program, which according to Helal Saeed Almarri, the director general of Dubai WTC Authority, is designed for secure and sustainable growth in Dubai.

European Banking Authority Concerned About Hiring Talent to Oversee Crypto Space

Europe’s banking sector regulator is worried it won’t manage to find the specialized personnel needed for the oversight of the EU’s attempt to regulate the crypto market.

European Banking Authority is Concerned About The Lack Of Crypto Experts

The cryptocurrency industry is dynamic and the president of the European Banking Authority (EBA) is "concerned" that they could be left behind in the race.

European banking regulator sees 'major concern' in retaining staff to handle crypto: Report

José Manuel Campa reportedly suggested the European Banking Authority may be unprepared for regulating the changes that come with a “very dynamic” crypto space. The chair of the European Banking Authority, or EBA, a European Union agency that regulates banking activities, has reportedly expressed concern that a dearth of talent experienced in the crypto space could hurt its ability to oversee the market.According to a Wednesday report from the Financial Times, EBA chair José Manuel Campa said that hiring and retaining staff knowledgeable about cryptocurrencies was a “major concern,” given the growing demand for experts in the public and private sectors.

CFTC will remodel LabCFTC, education office to increase regulatory efficiency

CFTC chair Rostin Behnam spoke at a webinar about how the agency, even lacking broad authority, is trying to keep up with rapid developments in financial technology. The United States Commodity Futures Trading Commission (CFTC), the regulatory agency that shares the main crypto regulatory responsibility with the Securities Exchange Commission, will undergo restructuring to become more proactive and comprehensive, CFTC chair Rostin Behnam announced July 25.

Crypto Exchange Huobi Receives Virtual-asset License in Dubai

Cryptocurrency exchange Huobi has received provisional approval from the Dubai Virtual Assets Regulatory Authority (VARA), joining other competitors to expand footprints in the gulf-nation.

Huobi Becomes Latest Crypto Exchange to Receive Provisional Approval From Dubai Regulator

Huobi recently became the latest cryptocurrency exchange platform to be granted provisional approval by the Dubai Virtual Assets Regulatory Authority, a statement from the company has said.

ReserveBlock Protocol Achieved Mainnet Beta With Over 2,300 Validators

[PRESS RELEASE – Miami, United States, 21st July 2022] ReserveBlock RBX, the first open-source, decentralized NFT Centric Blockchain that enables true peer-to-peer operability for the validating, minting, and trading of NFTs with or without the need of a centralized authority, announced that the protocol has achieved mainnet beta after seven months of testnet and achieving […]

The ReserveBlock Protocol Has Achieved Mainnet Beta With Over 2,300 Validators

July 21, 2022 – Miami, Florida ReserveBlock RBX – the first open-source, decentralized NFT-centric blockchain that enables true peer-to-peer operability for the validating, minting and trading of NFTs with or without the need for a centralized authority – announced that the protocol has achieved mainnet beta after seven months of testnet and achieving consistent stability among the validators […] The post The ReserveBlock Protocol Has Achieved Mainnet Beta With Over 2,300 Validators appeared first on The Daily Hodl.

Korean Prosecutors Raided 7 Crypto Exchanges With Connections to Terraform Labs (Report)

The latest operation by the South Korean authority aims to determine Do Kwon's involvement in the Terra fallout.

MAS Insists Terra, 3AC Unlicensed to Operate in Singapore

Ravi Menon, the managing director of the Monetary Authority of Singapore, indicated that crypto entities like Terraform Labs, the Luna Foundation Guard and Three Arrows Capital are unlicensed by MAS in Singapore.

Britain and US Will Cooperate on Crypto Regulation, Says Head of Financial Conduct Authority

The Financial Conduct Authority (FCA) says the United States and the United Kingdom are collaborating on crypto asset regulations.

Singapore's financial watchdog pushes back against Terra and 3AC associations

According to the MAS managing director, TerraForm Labs, Luna Foundation Guard, and Vauld were “not licensed or regulated" by Singapore's financial watchdog. Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not representative of the country’s approach to crypto regulation.In a speech on the MAS Annual Report on Tuesday, Menon said crypto-related companies including TerraForm Labs and Three Arrows Capital, or 3AC, had “little to do” with crypto regulation in Singapore.

Crypto Fund Firm Fintonia Group Receives Virtual-asset License in Dubai

Singapore-based crypto fund firm Fintonia Group has received a provisional virtual-asset license from the Dubai authority.

Binance fined $3M over illegal operations in the Netherlands

The Dutch central bank said that the Binance crypto exchange had a “very large number of customers in the Netherlands." Major global cryptocurrency exchange Binance is facing a penalty in the Netherlands after failing to obtain regulatory approval to operate in the country.The central bank of the Netherlands (DNB) has fined Binance Holdings 3.3 million euros ($3.3 million) for offering local crypto services without registration with authority.

US and UK to Deepen Ties on Crypto Regulation, Says British Regulator

Britain’s top financial regulator, the Financial Conduct Authority (FCA), says the US and UK will deepen ties on crypto regulation.