South Korea Approves First Phase of Review of its Crypto Bill
The first phase of review for South Korea’s legislation on how to regulate digital assets was passed on Tuesday in the country’s National Assembly.
The first phase of review for South Korea’s legislation on how to regulate digital assets was passed on Tuesday in the country’s National Assembly.
Coinbase has filed a lawsuit to get the SEC to respond to a petition filed in July 2022.
Paradigm, a venture capital firm, has recently published an article criticizing the US Securities and Exchange Commission (SEC) for its approach to regulating cryptocurrencies.
After the approval of the European Parliament, the Markets in Crypto Assets (MiCA) regulation has been officially adopted by the European Union.
The UK Treasury is aiming to have the law regulating cryptocurrencies in place before the end of 2023.
The SEC plans to regulate DeFi protocols with US securities laws and introduce a licensing mechanism for cryptocurrency platforms representing the decentralized finance market.
The organization is ready to assist central banks with the development of digital currencies (CBDCs).
"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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