Regulation News

El-Salvador submits New Bill to legalize Cryptocurrencies

El Salvador’s Economy Minister, Maria Luisa Hayem Brevé, has proposed a Digital Assets Issuance Bill. In this extensive document, a legal framework for the acceptance of all cryptocurrencies in El Salvador has been formally detailed and laid out.  🚨#ULTIMAHORA🚨@nayibbukele presenta al congreso de el Salvador 🇸🇻 la PRIMERA LEY DE ACTIVOS DIGITALES⚖️ Con esto se...
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South Korea Court Rules No Interest Limitation Act On Crypto

There are a lot of obstacles on the future road of the crypto space. Some prominent names consider the space a digital money bank, while some don’t even consider cryptocurrency money. Today, a court in South Korea has made it clear that any legal interest limit that applies to traditional money loans does not apply...
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Singapore To Consider New Crypto Rules To Safeguard Users From Crypto Blowups

Singapore might consider new rules and regulations to protect consumers amid the cryptocurrency market crash and sell-off that resulted in a string of dramatic incidents involving high-profile crypto blowups. According to a senior government minister, the Monetary Authority of Singapore (MAS) is thinking about adding more restrictions on how the general public can use cryptocurrencies....
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Mexican Senator Introduces Bill to Make Bitcoin a Legal Tender

Mexican Senator, Indira Kempis, proposed a bill in the assemble to make Bitcoin legal tender in the country. The reason given by the senator is that it will bridge the gap between access to financial products and education for the Mexican citizens.  Although Kempis had presented two proposals for law change in assembly in April...
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After Terra Luna Collapse, South Korean Government Considering To Impose Unified Listing Standard on all Crypto Exchange

Recently the South Korean News channel has reported that the country is transforming its responsibility for the crash of crypto Terra, LUNA, and algorithmic stablecoin terra USD (UST) into crypto exchanges. Following the collapse of stablecoin TerraUSD and LUNA, the Korean government is now planning to impose tougher regulations on virtual currencies, including a unified...
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This is Why Central African Banks Decided To Ban Cryptocurrencies!

Central Africa’s banking regulator sent out a reminder on Friday about its ban on cryptocurrency, Just a week after the Central African Republic made a bitcoin legal tender. The Banking Commission of Central Africa (COBAC) which regulates the banking sector almost in six-nation, Economics and Monetary Community of Central Africa (CEMAC), said that the ban...
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Hester Pierce, The SEC’s commissioner, has Backed a Regulatory Framework for Stablecoins

The Crypto mom, Hester Pierce said that Stablecoins regulatory moments should be allowed for trial and error and, also a room for failure. Hester Pierce, the SEC’s commissioner, has backed a regulatory framework for stablecoins.  She also hosted an online panel on May 12th by financial think-tank the official Monetary and Financial Institutions Forum(OMFIF). Pierce,...
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Why Regulators Should Pay Attention To $UST

A dollar pegged stablecoin, TerraUSD has lost its peg twice over the past few days and has not recovered yet. The algorithmic stablecoin broke its peg this Monday again, hence it is necessary for regulators to have a look at this particular model of stablecoin. The collapse of TerraUSD has come up with several risks...
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