Legal & Compliance

Under Gary Gensler’s leadership, the U.S. Securities and Exchange Commission (SEC) is attempting to gain jurisdiction over the crypto industry.

After the execution order on March 9, the Biden administration published the first framework for the regulation of crypto assets.

The Monetary Authority of Singapore (MAS) is surveying crypto firms operating in the city-state ahead of a planned regulatory overhaul.

Since 2019, the BCBS has been working to include banks’ crypto asset exposure and respective guidelines in the Basel Framework.

The South African Reserve Bank has issued guidelines to govern the handling and regulation of cryptocurrencies.

With the increasing use of cryptocurrencies, the declaration in the tax return plays an important role: the particular case of Switzerland.

Since the fall of Terra’s UST, regulatory authorities around the world have increased their engagement with stablecoins as an industry.

Key US lawmakers have had to delay the first bipartisan bill on mitigating stablecoin risks due to the extensive discussion in congress.

At the last meeting of the G20 in Indonesia, the regulation of stablecoins and cross-border cooperation was discussed, among other topics.

After halted withdrawals and a lot of uncertainty for Celsius customers, the firm has officially filed for Chapter 11 bankruptcy in New York.

The EU Parliament agrees on a MiCA proposal and lays the foundation for the first comprehensive legal framework for cryptocurrencies.

Crypto market researcher Chainalysis once again proves that illegal transactions with cryptocurrencies are hardly an issue for the space.

A digital token may fall under the SEC’s jurisdiction if investors acquire them with the intent to profit from the company or project.

In a pilot project, Singapore’s central bank wants to explore the benefits and risks of digital securities and DeFi applications.

In view of the recent developments in the crypto sector, BaFin as well as the G7 are trying to create new uniform regulations.

Ongoing regulatory uncertainty has limited the general adoption and growth of crypto in US. With new regulations, this could come to an end.