ASIC commissioner Alan Kirkland will tell The Australian Financial Review Crypto and Digital Assets Summit on Monday that licensing requirements will extend beyond digital currency exchanges because the Australian Securities and Investments Commission considers most major crypto assets are already captured by the Corporations Act. #afr #asic #financials #transactions #crypto #license #digital #regulation #compliance #data #governance #exchange
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Australia's Treasury to Include Stablecoin Rules in Crypto Bill Draft, ASIC's Warning For Crypto Entities ➡️ Read All : https://lnkd.in/eTbY2Xcb Australia's regulators are looking to include stablecoin legislation into its legislative bill for the digital assets sector. A representative of the Australian Securities and Investments... [...] #AustraliaCryptoRegulation #StablecoinLegislation #DigitalAssets #ASIC #CryptoEnforcement #Crypto #Legal #NBTC
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The Two-Class System of Regulation Plaguing Europe ➡️ Read All : https://lnkd.in/gMAA9-b7 In the rapidly evolving landscape of digital finance, the emergence of crypto assets has introduced unprecedented challenges as well as opportunities for regulators who provide... [...] #CryptoAssets #MiCAR #DeFi #Regulation #AML #Crypto #Legal #NBTC
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The UK crypto regulatory landscape remains in a state of flux, but significant changes on the horizon promise to bring much-needed stability and clarity. This article examines the current state of UK crypto regulation, focusing on recent developments, such as the Financial Services and Markets Act 2023 and the proposed Property (Digital Assets) Bill. These changes are poised to reshape the way cryptoassets are regulated and recognised under UK law. Find out more about the current UK regulatory position and key considerations. >> https://lnkd.in/dAy4seKr #UKCryptoRegulation #DigitalAssets #CryptoAssets
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🚨 𝗔𝗦𝗜𝗖 𝗣𝘂𝘀𝗵𝗲𝘀 𝗳𝗼𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 𝗦𝘁𝗮𝗿𝘁-𝗨𝗽𝘀 𝘁𝗼 𝗛𝗼𝗹𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗟𝗶𝗰𝗲𝗻𝗰𝗲𝘀 The regulatory landscape for the crypto industry in Australia is evolving rapidly. ASIC is taking significant steps to ensure that many crypto-assets, widely traded in Australia, are treated as 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝘀 under the 𝘊𝘰𝘳𝘱𝘰𝘳𝘢𝘵𝘪𝘰𝘯𝘴 𝘈𝘤𝘵 2001 (Cth). 💡 𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗺𝗲𝗮𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆? ASIC has announced updated guidance that will likely require many crypto firms to hold an AFSL aiming to extend licensing requirements beyond digital currency exchanges. The new rules are expected to provide much-needed clarity and consumer protection as millions of Australians engage with digital assets like BTC and ETH. ⚖️ 𝗞𝗲𝘆 𝗰𝗼𝘂𝗿𝘁 𝗰𝗮𝘀𝗲𝘀 𝗮𝗿𝗲 𝗮𝗹𝗿𝗲𝗮𝗱𝘆 𝘂𝗻𝗱𝗲𝗿𝘄𝗮𝘆, challenging crypto start-ups like 𝘽𝙡𝙤𝙘𝙠 𝙀𝙖𝙧𝙣𝙚𝙧 and 𝙁𝙞𝙣𝙙𝙚𝙧 𝙒𝙖𝙡𝙡𝙚𝙩, and we can expect further developments as the Albanese government prepares new legislation around crypto custody and investor protection. 📅 Stay tuned for ASIC's updated Information Paper, expected by November, which will shed more light on how crypto tokens and digital ownership rights should be treated under Australian law. 🔗 Read more about this pivotal moment for the crypto space and regulatory insights in the Financial Review: https://lnkd.in/gjm-6aaf Liam Hennessy - Partner and Adjunct Professor Amy Thompson Violet Li Libby MacGillivray Tian Qin Chelsea McVay Nicolas Dougall Clyde & Co
ASIC wants crypto start-ups to hold financial services licences
afr.com
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Financial Conduct Authority delivers plans to regulate #crypto In a press release published yesterday the FCA has started to share their approach to regulating crypto. They have also published an indicative roadmap of key dates for the development and introduction of the UK’s crypto regime. Read more here https://lnkd.in/eSUZ-Xep
FCA finds crypto ownership continues to rise as it delivers plans to regulate crypto | FCA finds crypto ownership continues to rise as it delivers plans to regulate crypto | Better Regulation
service.betterregulation.com
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MiCA represents a coming of age for crypto in Europe. It is a recognition from the European Securities and Markets Authority (ESMA) as well as the European Commission and Parliament that crypto is an established part of our financial infrastructure. Our Head of Compliance for BCB Payments and BCB Markets, Marie-Virginie Arras, takes a deep dive into how the regulation will be a baptism of fire for some crypto businesses, but for established players already embracing regulation, it will be a huge opportunity. Read in full: https://lnkd.in/eThSRnHu #MiCA #regulation #Europe #compliance #crypto
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Trump to launch DeFi protocol next Monday ➡️ Read All : https://lnkd.in/e-UBq_xY Former President Donald Trump announced plans to launch “World Liberty Financial,” a decentralized finance (DeFi) protocol, next Monday, September 16, at 8 pm via Twitter... [...] #TrumpCrypto #WorldLibertyFinancial #DigitalRealEstate #CryptoRegulation #TokenAllocation #Crypto #DeFi #NBTC
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🌍🔗 #21Shares Calls for Unified Crypto Regulations in the EU 🔗🌍 21Shares urges the #EU ESMA to unify the regulatory framework for crypto assets. This would eliminate the current “inconsistent” #crypto regulations across Europe. Read more: https://lnkd.in/dpkgsJvv #CryptoNews
21Shares urge EU’s ESMA to unify regulatory framework for crypto
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Hong Kong regulators assure more crypto exchange approvals before year end ➡️ Read All : https://lnkd.in/e8r2uE-y According to Hong Kong’s Securities and Futures Commission (SFC), the regulator is ready to approve more licenses for crypto exchanges. However, it reminded them that... [...] #HongKongCrypto #CryptoRegulation #DigitalAssets #CryptoExchangeLicense #CryptoInvestorProtection #Crypto #Legal #NBTC
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As the crypto industry continues to navigate complex regulatory waters and expand its reach, recent developments (such as EU MiCA regulation dropping on 30-Jun, U.S. Supreme Court ruling against SEC & Coinbase sueing SEC and FDIC for pressuring the banking sector to cut ties with the crypto industry) underscore the ongoing tension between innovation, regulation, and the quest for mainstream adoption in the digital asset industry.
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