In order to create regulations for Electronic Money Institutions (EMIs), since Monday, April 1, the government of Pakistan is developing this legal framework.
This arises after the Financial Action Task Force (FATF) made the request to the EMIs for the creation of laws for cryptocurrencies.
For…
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regulatory framework
Russia advances in cryptocurrency regulatory framework
This Tuesday the Russian parliament, known as the Duma, took an important step towards the digital development of the country and in particular towards the regulation of cryptocurrencies. The agency took up the second discussion of the…
Cyprus wants to apply a regulatory framework against money laundering
Cyprus, through the Securities and Exchange Commission, is evaluating the possibility of adopting the regulatory framework of the European Union (EU) related to money laundering.
The CySEC indicated that it requested the transposition of…
Italy bans project related to cryptocurrencies
The investment company Avacrypto was suspended by the Italian National Commission for Companies and the Stock Exchange for offering its services to the Italian public without the necessary authorization. The prohibition includes activities…
Spain applies criteria for ICO
This Friday, the National Securities Market Commission of Spain (CNMV) published a report where it established the necessary requirements for the Initial Currency Offers (ICO).
This body, under the Secretary of State for Economy and…
Canada will publish cryptocurrency regulation in 2019
The government of Canada will publish the regulations related to cryptocurrencies and blockchain technology in 2019.
In June, the Canadian authorities launched the preliminary draft of a regulatory framework for cryptocurrency exchange…
Hungary works in a legal framework for cryptocurrencies
Hungary studies the legal framework for cryptocurrencies to accept them in their financial system. This was announced on Tuesday by local media, despite the fact that in the country digital currencies are not considered FIAT money.
In…
Cryptocurrencies legalized as commodities in Indonesia
The authorities of Bank of Indonesia are working on the formulation of the regulations for cryptocurrency transactions. Meanwhile, they have approved the commercialization of digital currency as a commodity in the stock market.
This has…
Gold gets displaced by bitcoins
The upward trend of Bitcoin, the first cryptocurrency launched on the market, has shaken gold on its throne as a global benchmark for thousands of transactions.
The precious metal was the main reference for the big investors in the five…