Japan is set to reshape its cryptocurrency market with stricter trading rules, stronger user protections and a framework closer to traditional finance. The country’s parliament on Wednesday passed revisions that classify crypto assets as financial assets under Japan’s Financial Instruments and Exchange Act (FIEA), accordingly to a report by local news agency Nikkei. The changes…
Pakistan Virtual Assets Regulatory Authority (PVARA) chairman Bilal bin Saqib has called for continued dialogue on the treatment of digital assets under Islamic law after meeting prominent scholar Mufti Taqi Usmani, who backed a ruling against purchases made with crypto. In a Saturday post, Saqib said the discussion covered blockchain technology, digital assets, stablecoins and…
The UK’s Monetary Conduct Authority (FCA) has revealed its landmark crypto regulatory framework, marking the completion of its crypto roadmap searching for to deliver digital belongings beneath the regulator’s purview. Vital new components embrace necessary licensing for crypto corporations, capital stress-testing necessities, improved market manipulation and insider buying and selling guidelines, in addition to simplified…
The chair of the Spanish Nationwide Securities Market Fee reportedly stated that there can be no extensions or waivers for crypto corporations that didn’t obtain approval to function in European Union member states underneath the Markets in Crypto-Property (MiCA) framework by July 1. In line with a Friday Reuters report, Chair Carlos San Basilio said…
