There aren’t enough secondary markets that support tokenized assets, and they come with risks, the ratings company said.
Crypto Exchange VALR Obtains South African License
The Pantera-backed crypto exchange is among the first to receive regulatory approval in South Africa, alongside Luno and Zignaly.
Norway Wants to Restrict Crypto Mining by Regulating Data Centers, Lawmakers Say: Report
Energy-intensive crypto mining is an example of a type of business not wanted in Norway, Minister for Energy Terje Aasland reportedly said.
Germany’s Largest Federal Bank LBBW to Offer Crypto Custody Services With Bitpanda
LBBW will first offer crypto custody to corporate clients with a market launch planned for the second half of 2024.
Luno Among First Crypto Firms to Receive South Africa License
Regulators in the country have said they plan to authorize up to 60 digital asset firms by April.
New Zealand Crypto Policy Should Support Industry, Minister for Commerce Says
The country’s “wait and see” approach to regulating crypto could risk New Zealand missing out on the benefits of industry developments, a government inquiry found.
EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It’s Not
Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out.
Binance Blocked by Philippines Securities Watchdog
The Philippines Securities and Exchange Commission warned in November that the company was operating in the country without the necessary licenses.
EU Markets Watchdog Steps Closer to Finalizing Rules Under MiCA
The European Securities and Markets Authority on Monday published a final report on measures along with its third consultation package for further rules and guidance.
Nigeria Charges Binance, Detained Executives With Tax Evasion: Reports
One of two senior Binance executives in government custody has escaped, local media reported over the weekend.
Do Kwon Appeal of South Korea Extradition Rejected by Montenegro Court
The U.S. is also seeking Kwon’s extradition despite the Montenegrin court’s decision to send him to South Korea.
Tornado Cash Dev Pertsev’s $1.2B Money Laundering Allegations Detailed Ahead of Dutch Trial
Pertsev’s trial is set to take place on March 26 and 27 in a ‘S-Hertegonbosch court.
EU Lawmakers Vote for Three Major Texts in Anti-Money Laundering Package That Also Targets Crypto
The broad package sets up an anti-money laundering authority, a single rulebook for all 27 member states, and tough rules for crypto service providers.
Nigeria’s SEC Proposes 400% Increase to Crypto Firm Registration Fees
The regulator proposed increases to all supervision fees as the country cracks down on the crypto industry.
Hong Kong Starts New Phase of CBDC Testing
Phase 2 of the e-HKD pilot will be supported by the recently launched regulatory sandbox for testing wholesale CBDCs and tokenization, the Hong Kong Monetary Authority said.
Crypto.com to Appeal $3.1M Fine by Dutch Regulator for Operating Without Registration
The Dutch central bank announced the fine was imposed for non-compliance before the company registered with the regulator.
EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA
The draft Regulatory Technical Standards (RTS) lay out requirements for issuers when dealing with complaints about stablecoins referencing multiple currencies.
Thailand Greenlights Income Tax Exemption for Investment Token Earnings: Report
Earnings already subject to the 15% capital gains tax don’t need to be included when calculating income taxes.
Craig Wright ‘Committed Perjury’ in U.K. Trial Over Satoshi Claims, COPA Says
The Crypto Open Patent Alliance said it will ask U.K. prosecutors to consider pursuing Wright for “perjury” over his defense of forgery allegations.
EU Parliament Approves New Sanctions Laws That Also Apply to Crypto
The laws are to ensure sanctions rules are applied uniformly across the EU’s 27 member states.