Crypto and Laws
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Indonesia: Personal Data Protection Act Enters into Force
On October 17, 2022, Indonesia’s Personal Data Protection Act ( Undang-Undang Nomor 27 Tahun 2022 tentang Pelindungan Data Pribadi ) (PDP Act)...
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Whatever it takes: What should FCA consider in UK’s crypto hub race?
The UK’s financial regulator, the Financial Conduct Authority (FCA), has been continuously facing criticism from British lawmakers and the...
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Auditing firm BDO could follow Mazars in abandoning crypto clients
BDO could become the latest auditing firm to halt or limit services to crypto companies, based on reports from the Wall Street Journal on Dec....
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New York authority lays out conditions for banks to offer crypto-related services
The New York Department of Financial Services (DFS) has released a guideline mandating banking institutions to seek regulatory permission at...
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G20 members look to form policy consensus on crypto post-FTX
Member countries of the Group of 20 (G20) are currently considering creating a policy consensus on cryptocurrency, following the fiasco in the...
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Incoming FCA Chair Ashley Alder says crypto firms facilitate money laundering
Ashley Alder , who is set to lead the U.K’s Financial Conduct Authority (FCA), said his administration would take a strict stance toward...
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Pro-crypto Congressman Tom Emmer looks to reintroduce bill to protect non-custodial blockchain service providers
U.S. Congressman Tom Emmer is looking to reintroduce a bipartisan bill aimed at excluding non-custodial blockchain service providers from...
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United Kingdom: Electronic Trade Documents Bill Introduced in House of Lords
The Electronic Trade Documents bill was introduced in the United Kingdom’s (U.K.’s) House of Lords on October 12, 2022. If enacted, the bill...
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Elizabeth Warren working on bipartisan bill to tackle crypto money laundering
U.S. Democratic Senator Elizabeth Warren is teaming up with Republican Senator Roger Marshall to work on a bipartisan bill that will introduce new...
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Congressman Tom Emmer alleges SEC Chairman Gensler was aware of FTX fraud
U.S. Congressman Tom Emmer has alleged that SEC Chairman Gary Gensler knew that FTX was fraudulent, but still held meetings with the disgraced...
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CFTC considers Bitcoin, Ethereum, Tether to be commodities
The U.S. Commodity Futures Trading Commission (CFTC) stated in its Dec. 13 court filing against FTX founder Sam Bankman-Fried that digital...
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Switzerland: City of Lugano and El Salvador Sign Memorandum of Understanding on Bitcoin
On October 27, 2022, the city of Lugano, Switzerland, and the government of El Salvador signed a Memorandum of Understanding (MoU) on economic...
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Canada bars exchanges from margin, leverage trading; says stablecoins might be securities
Canada’s Securities Administrators (CSA) on Dec. 12 barred crypto exchanges operating in the country from offering margin or leverage...
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CFTC suing SBF, FTX and Alameda for commodities law violations
The U.S. Commodities Futures Trading Commission is suing former FTX CEO Sam Bankman-Fried, FTX and Alameda Research for violating federal...
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China: Measures of Security Assessment for Cross-Border Data Transfer Take Effect
The Cybersecurity Administration of China (CAC), China’s cybersecurity authority, released the Measures of Security Assessment for Data Export (...