The securities watchdog continues to review policies that have hindered crypto growth The US Securities and Exchange Commission (SEC) may be preparing to roll back a proposed rule that would have imposed stricter custody requirements on cryptocurrency held by investment advisers. Acting SEC Chair Mark Uyeda indicated that the rule, introduced in early 2023 under
Tag: regulations
New Zealand Moving Closer to Major Gambling Market Reforms
The country is setting up the framework to allow online casinos New Zealand is on the verge of a major shift in its online gambling market as the government moves forward with plans to regulate and license online casino operators. This initiative aims to replace the current system, where offshore gambling platforms operate freely without
POTUS Issues Executive Order on Country’s Cryptocurrency Ambitions
President Trump wants the federal government to create a framework for digital assets President Donald Trump took a significant step toward advancing cryptocurrency and blockchain technology with an executive order issued yesterday. The order outlines a plan to create a clear regulatory framework for digital assets while promoting their growth and responsible use within the
After Swearing-in, POTUS Trump Will Reportedly Make Crypto Regs A Priority
Bloomberg expects the new President to enhance cryptocurrency oversight Donald Trump, set to re-enter the White House on January 20, is reportedly planning to prioritize cryptocurrency regulation on his first day back in office. According to Bloomberg, Trump may sign an executive order that would establish crypto as a national priority. This initiative could direct
Italy Begins Latest Overhaul Of Gambling Regulations
The country is scrutinizing a number of its gambling laws Italy has launched a significant overhaul of its gambling regulations, starting with a new licensing framework for online gambling operators. The country’s Customs and Monopolies Agency (ADM) has opened the application process for these licenses, which all operators serving Italian players must acquire by late
Ontario Makes Online Gaming Changes With the iGaming Ontario Act
The Canadian province will bring greater regulatory oversight to the iGaming market Ontario’s online gaming industry is set to experience significant changes following the passage of Bill 216, introducing the iGaming Ontario Act. This new legislation restructures iGaming Ontario (iGO), separating it from the Alcohol and Gaming Commission of Ontario (AGCO) and establishing it as
Italy Just Approved Further Restrictions on the Gambling Market
The country’s communications regulator is enforcing new rules that impact the iGaming space Italy has taken another step toward tightening its gambling regulations, with AGCOM, the country’s Media and Communications Authority, approving new measures aimed at protecting minors. One of the main changes is the mandatory age verification system, which will be applied to all
Hawaii Is Determined To Be a Global Cryptocurrency Hub
The state has presented its crypto regulations as it looks to stand out from the crowd Hawaii is positioning itself as a global hub for cryptocurrency by implementing new, crypto-friendly regulations that have already attracted significant interest from major companies in the industry. Starting July 1, 2024, cryptocurrency exchanges and firms in Hawaii no longer
The National Council of Legislators from Gaming States working on national gaming regs
The group is working on creating an online gaming framework that all states could use The National Council of Legislators from Gaming States (NCLGS) will convene its 2024 Summer Meeting in Pittsburgh, with a primary focus on developing a model online casino legislative framework. Despite initial plans to unveil a draft at this meeting, the
European cryptocurrency exchanges facing imminent changes to reporting rules
More regulations continue to drive the future of the cryptocurrency space The European Banking Authority (EBA) has taken a significant step towards strengthening Anti-Money Laundering (AML) efforts by extending Travel Rule guidelines to crypto-asset service providers (CASPs) and their intermediaries operating within the European Union. The #EBA has just published new guidelines on the information
EU ready to push forward with new crypto regulations
The move may help bring more legitimacy to crypto as an alternative currency In an effort to combat money laundering, the European Parliament has established new rules requiring cryptocurrency businesses to perform formal due diligence, setting forth clear obligations for these companies. The recently enacted regulations seek to enhance “due diligence measures and identity checks,” encompassing
New EU cryptocurrency regs are coming into force
The EU continues to shape the future of crypto, and other regions will follow suit Parliament and the European Council have consented to extend parts of the European Union’s Anti-Money Laundering (AML) and Counter-Terrorist Financing law to include the cryptocurrency market. The agreement includes most of the crypto industry, requiring cryptocurrency service companies to review