UAE to Implement AML Rules to Digital Assets
By the end of June, the Central Bank of the United Arab Emirates (CBUAE) will enact rules requiring licensed financial institutions to verify the identities of customers.
By the end of June, the Central Bank of the United Arab Emirates (CBUAE) will enact rules requiring licensed financial institutions to verify the identities of customers.
The provincial government of Bali, Indonesia, has announced that they will no longer allow digital assets to be used for payments in hotels, restaurants, shopping centers, and other establishments.
In a new petition, representatives from Coinbase state that the SEC has already decided to reject its request and that they do not have the right to sue the regulator.
The SEC staff suggests that the trust’s underlying asset, Filecoin (FIL) cryptocurrency, conforms to the definition of an investment contract under federal law.
The SEC says the commission is not obligated to issue such regulations and Coinbase does not have the standing to sue the agency.
Binance’s Strategy Director Patrick Hillmann has expressed the US has been in a “confused situation” in regards to the regulation of the crypto market.
Hong Kong will take a stringent approach to regulating the digital asset sector.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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