Crypto Council for Innovation’s Post

News Alert 🇬🇧 UK to draft crypto and stablecoin regulations early next year, aligning with the European Union's new framework. ◾ The regulatory framework will focus on crypto, stablecoins, and staking services, ending months of uncertainty for the industry. ◾ The new rules will follow the previous government’s measures to regulate crypto activities but will ensure that stablecoins and staking are treated separately from traditional payments and investments. ◾ This move comes as the EU’s MiCA regulations take effect, marking a significant shift in the region's approach to crypto regulation, with cross-border licensing for crypto providers set to benefit firms across the EU. Read more CoinDesk👇 https://lnkd.in/dPPzuHgr

Financial Services Agency, Japan (JFSA, 金融庁) has called on #crypto firms to inspect their wallets that store crypto assets and related management systems in response to the May 2024 crypto theft from DMM Bitcoin. https://lnkd.in/dD_aXKQ2

Alright, we will continue to talk about the topic “About Crypto Regulations”. Enjoy~ The European Union is taking the lead in crypto regulation with robust measures to combat illegal activities. 🛑 The U.S. is still grappling with its approach, as courts, regulators, and the crypto industry face off. Meanwhile, countries like Canada and Japan are setting their own paths. As crypto continues to grow, global regulation is evolving rapidly! 🌐 #Crypto #Regulation #InvestSmart #GlobalFinance

It’s been a big week for crypto! 🌍 Let’s dive into the highlights: What’s Happening in Europe 🇪🇺 The European Commission is investigating how well #EU regulations protect investors’ rights when it comes to e-money tokens (#EMTs). France’s banking regulator, #ACPR, sparked the inquiry, asking whether the same EMTs can be issued by both EU-licensed and non-EU-licensed entities. If the rules change, it could seriously shake up how stablecoins are issued and managed across Europe. 🔍 Industry News 🚨 KuCoin just reached a hefty settlement in the U.S. They’re paying over $297 million in #penalties and exiting the U.S. market for at least two years. The lesson here? Compliance is no longer optional. Global Regulatory Moves 🌐 In the U.S., President #Trump signed an executive order to create a “crypto working group.” Their mission: update digital asset regulations and consider building a national #crypto stockpile. This could be a turning point for how crypto is managed and regulated globally. 💼 Stay tuned for more updates!

🚦 It's looking like all systems go for crypto asset regulation in the UK 🛣️ The UK FCA has published the crypto asset roadmap, setting out the planned policy papers for the next year, including discussion & consultation papers on stablecoins, staking, custody, admissions and disclosures and trading platforms. See link in comments below 👇 📢 This follows from a UK government minister speech on tokenisation and crypto asset regulation last week which highlighted the government intention to lean in to emerging and disruptive technologies and the ambition to make the UK a global hub for securities tokenisation 👀 We'll be closely tracking developments at aosphere to see where UK regulation ends up and how this compares to other jurisdiction approaches #cryptoassetregulation #crypto #financialservices

Crypto asset regulation is developing in different ways in different jurisdictions - but it's developing fast! Get in touch if you'd like more detail on the brilliant work being done by Penny Blair, Jenny Ljunghammar and their team to track it all!

Despite an upcoming election, the U.K. is steadfast in its progress toward regulating the crypto sector. 🚀 ➡️ The ruling Conservative party aims to make the U.K. a crypto hub, introducing legislation to regulate crypto as a financial activity through the FCA. ➡️ Conservatives plan to implement stable-coin and staking regulations before the election, with industry leaders confident in this timeline. ➡️ Labour is currently favoured to win the next election, per a recent Ipsos poll, and has indicated plans to focus on digital tokenization. ➡️ Industry stakeholders anticipate continued progress in the U.K.'s crypto regulation. While the political landscape may shift, the commitment to advancing crypto regulation in the U.K. appears strong and likely to persist.

Japan to Reclassify Crypto Amid Rule Review Japan's Financial Services Agency (FSA) is reviewing crypto regulations, potentially lowering taxes and reclassifying tokens as financial instruments. 🇯🇵 This move aims to enhance investor protection and boost domestic investments. 🛡️ The changes could strengthen Japan’s growing crypto market. 💹 Read More 👉 https://lnkd.in/gEhKycKt #13Desk #CryptoNews

The new MiCA regulations in the EU may cause a **crypto exodus** to the Middle East 🌍, where the regulatory environment is more welcoming. While MiCA provides clarity and legitimizes the industry, it could lead to **centralization** as larger firms dominate, leaving smaller companies struggling or being acquired. The crypto sector may start to mirror traditional finance, where resources dictate success. Some major players, like **Société Générale**, are already preparing MiCA-compliant digital services. 👉 How do you see this playing out for the crypto industry? 🔥

CryptoProcessing by CoinsPaid, one of the leaders in providing crypto payments for businesses, has officially launched in the Polish market. "Crypto payments are a powerful, rapidly growing financial force that more and more businesses are choosing today: 617 million people already hold and use crypto, including for weekly purchases. In November 2021, crypto became a regulated business in Poland but the country is set to adopt further regulations by the end of 2024. The new rules, known as MiCA (Markets in Crypto Assets), aim to protect investors, increase transparency on crypto exchanges, and combat money laundering. That will bring a new level of trust and opportunity to the Polish cryptomarket," Ewa Kazmierska, CryptoProcessing Business Development Manager in Poland. With CryptoProcessing, local companies from different sectors can accept crypto payments for their goods and services seamlessly, easily, quickly, and securely. CryptoProcessing aims to become a go-to crypto payment solution for e-commerce, travel, and luxury purchases in Poland.