ChainCatcher news, according to Cointelegraph, Dubai's cryptocurrency regulator has required licensed digital asset companies to comply with its latest version of the activity-based rulebook by June 19, in order to enhance market integrity and risk regulation.On May 19, the Dubai Virtual Assets Regulatory Authority (VARA) announced the release of the Rulebook 2.0.The Dubai regulator stated that it has strengthened the oversight of margin trading and token distribution services, enhanced the consistency of compliance requirements for all licensed businesses, and provided clearer definitions for collateral wallet arrangements.

ChainCatcher news, according to CoinDesk, the UK government released a consultation document for a cryptocurrency legislation draft on April 29, planning to add regulated activities, including operating cryptocurrency asset trading platforms and issuing stablecoins.In addition, the draft also covers regulatory frameworks such as market abuse, listing, and disclosure systems. Although relevant consultations were initiated during the Conservative government's term in 2023, the Labour government has stated that it will continue to advance the previous government's cryptocurrency plans. This initiative aims to regulate the cryptocurrency industry, protect investor interests, and promote healthy market development.

ChainCatcher news, the Federal Reserve announced on Thursday the withdrawal of regulatory guidance regarding banks' cryptocurrency assets and dollar token businesses, and simultaneously updated the relevant business expectation standards. This move aims to ensure that regulatory requirements keep pace with the evolution of risks and further support innovation in the banking system.The announcement shows that the Federal Reserve has officially abolished the regulatory letter issued in 2022, which previously required state member banks to report in advance on proposed or existing cryptocurrency asset businesses. After the withdrawal, the Federal Reserve will no longer require banks to fulfill reporting obligations, instead opting to monitor related activities through regular regulatory procedures. Also abolished is the 2023 guidance document regarding the "no objection" procedure for state member banks participating in dollar token businesses.In addition, the Federal Reserve and the Federal Deposit Insurance Corporation jointly decided to withdraw two policy statements regarding banks' cryptocurrency asset businesses and risk exposures, which were jointly issued by federal banking regulators in 2023. The Office of the Comptroller of the Currency had previously withdrawn from that statement. The Federal Reserve stated that it will collaborate with other regulatory agencies in the future to assess whether new guidance frameworks are needed to support innovation, including cryptocurrency asset businesses.

ChainCatcher news, according to Cointelegraph, since 2020, 47 countries around the world have relaxed or simplified regulations on cryptocurrencies, while 4 countries have tightened restrictions, even completely banning cryptocurrencies and mining.

ChainCatcher news, according to Decrypt, the government led by Australian Prime Minister Anthony Albanese has proposed a new regulatory framework for digital assets, aimed at enhancing industry certainty, strengthening consumer protection, and ensuring market integrity. The reforms require major crypto platforms to apply for an Australian financial services license, while small non-financial service businesses may be exempt.The policy document released by the Australian Treasury, titled "Developing an Innovative Australian Digital Asset Industry," states that the new regulations will cover exchanges, custodians, specific brokerage platforms, and stablecoin issuers, enhancing consistency with international standards and boosting the global competitiveness of the industry. Companies involved in the development of digital assets for non-financial purposes, software development, and infrastructure maintenance are not within the regulatory scope.The government is also paying attention to the trend of "de-banking" among financial institutions, stating that the new licensing mechanism is expected to improve risk management and transparency, reduce banks' service restrictions on the crypto industry, and is in communication with major banks regarding response measures.

ChainCatcher news, according to Cointelegraph, Turkey is advancing cryptocurrency regulation, formulating new rules for crypto asset service providers (CASPs).The Turkish Capital Markets Board (CMB) today released two regulatory documents regarding CASP licensing and operations, covering crypto trading platforms, custodians, and wallet service providers. This regulatory framework grants the CMB comprehensive oversight of crypto platforms to ensure compliance with domestic and international standards.Additionally, the framework sets the standards and requirements for establishing and providing crypto asset services in Turkey, including registered capital, management background, shareholder rules, and more.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated that with the appointment of AI and cryptocurrency "czar" David Sacks by Trump to advance reasonable regulatory policies, fraud and bad actors in the crypto industry will significantly decrease over the next four years. Hougan believes that the previously enforcement-oriented regulatory approach has actually increased risks for investors.Previously, Sacks indicated that the Digital Asset Working Group would focus on establishing market structure norms, a regulatory framework for stablecoins, and assessing national digital asset reserves.

ChainCatcher news, according to Cointelegraph, Coinbase CEO stated at the Davos Forum that during Trump's presidency, the U.S. Congress may introduce new cryptocurrency legislation that would help unlock significant investments in the industry.

ChainCatcher news, cryptocurrency exchange Gemini announced that it will establish a dedicated compliance center in Malta to ensure compliance with the EU's Markets in Crypto-Assets Regulation (MiCA) framework. This initiative follows Gemini's receipt of its sixth European Virtual Asset Service Provider (VASP) registration certificate issued by the Malta Financial Services Authority (MFSA) in December 2024.Gemini stated that Malta actively supports fintech innovation and the crypto ecosystem, providing an ideal environment for its operations in Europe.

ChainCatcher news, Coinbase's Chief Legal Officer paulgrewal.eth posted on the X platform that Coinbase has just won a writ of mandamus petition in the Third Circuit Court. The court rejected the U.S. Securities and Exchange Commission (SEC)'s order dismissing its rulemaking petition, which means the SEC must reconsider Coinbase's request and provide more substantial reasons for why they refuse to establish clear rules regarding cryptocurrencies.The judge stated, "The SEC's order is conclusory, lacking in reasoning, and therefore arbitrary and capricious. We partially grant Coinbase's petition and remand it to the SEC for a more comprehensive explanation."

ChainCatcher news, according to OKG Research analysis, the FIT 21 bill, stablecoin-related legislation, and the repeal of the SAB 121 proposal are the three most likely and crucial crypto regulations to be introduced in the future.If the FIT 21 bill is passed, it is expected to promote the launch of spot ETFs for cryptocurrencies like SOL and XRP, and inject new momentum into the DeFi sector, especially through exemption policies and RWA integration. At the same time, the SEC may allow Ethereum spot ETF staking, which will attract attention to staking projects within the DeFi ecosystem.The market share of stablecoins in cross-border payments and settlements will continue to grow, expected to surpass traditional financial institutions like Visa. The repeal of the SAB 121 proposal will simplify the compliance burden for crypto custodians, attracting more banks and institutional investors into the crypto space.

ChainCatcher news, according to Coindesk, the European Parliament approved the list of commissioners on Wednesday, which includes those responsible for overseeing digital asset regulation. Commissioners Stéphane Séjourné, Maria Luís Albuquerque, and Henna Virkkunen may bring cryptocurrencies under their jurisdiction.In September, European Parliament President Ursula Von der Leyen proposed a list of commissioners. Although cryptocurrencies are not the core topic of these positions, the committee will be responsible for ensuring the implementation of digital asset rules.Additionally, the EU's crypto assets market legislation MiCA will come into full effect at the end of December, so more work may be needed to ensure implementation.

ChainCatcher news, according to CoinDesk, the UK's financial regulator FCA plans to implement a cryptocurrency regime by 2026 to address the growing ownership of cryptocurrencies in the country.The roadmap released by the FCA indicates that the agency plans to publish a discussion paper on market abuse and disclosure by the end of this year, and intends to release documents regarding stablecoins, trading platforms, staking, prudent cryptocurrency risk exposure, and lending by early next year. The regime is set to take effect after the final policy statement is published in 2026.A study commissioned by the FCA shows that the country's crypto asset holdings have increased by 4% over the past two years, with approximately 7 million adults owning crypto assets among the country's roughly 68 million population.

ChainCatcher news, according to Coindesk, based on Bernstein's research report, Robinhood is expected to be the biggest beneficiary of the potential relaxation of cryptocurrency regulations in the United States.With the possible pro-cryptocurrency policies from the U.S. Securities and Exchange Commission (SEC), Robinhood's market potential is expected to increase significantly. Bernstein raised the target stock price for this trading platform from $30 to $51 and maintained an outperform rating on its stock.In addition, Robinhood recently acquired the cryptocurrency exchange Bitstamp, which will enhance its ability to offer value-added crypto services.

ChainCatcher news, according to Bloomberg, informed sources revealed that the government led by Italian Prime Minister Giorgia Meloni may approve a proposal from coalition partners to reduce the tax increase on cryptocurrency transactions.A copy of the proposal shows that as the junior partner in Meloni's ruling coalition, The League has proposed an amendment to cap the tax rate on crypto transactions at 28%, while the budget proposed last month initially suggested an increase to 42%. The current tax rate is 26%. Cryptocurrency executives have stated that the proposed rate is too high and would make the local industry less competitive compared to other EU countries. The EU is preparing to fully adopt its first comprehensive cryptocurrency regulation across the EU, known as "MiCA," by the end of this year.Additionally, another ruling coalition party, Forza Italia, founded by the late Silvio Berlusconi, has proposed another amendment aimed at completely eliminating the tax increase and removing the tax exemption for earnings of €2,000 ($2,120) or less.

ChainCatcher news, according to The Block, one week before the U.S. election, Paxos CEO Charles Cascarilla urged presidential candidates Harris and Trump to create a more favorable regulatory environment for digital assets and to establish a regulatory framework for stablecoins.In a letter sent to the two candidates on Tuesday, Cascarilla stated, "As the CEO and co-founder of Paxos, one of the leading companies in the tokenization and blockchain infrastructure space, I urge you to implement a more favorable and clearer regulatory environment for digital assets." Cascarilla also warned that if the next government fails to follow through, the future of financial regulation could be at risk. He criticized the current cryptocurrency regulatory environment, stating that it is "not conducive to financial innovation."

ChainCatcher news, according to Bitcoin.com, the Russian government released a document on Friday detailing a law signed by President Putin that expands the scope of digital currency regulation. This new law significantly increases government oversight of cryptocurrency mining activities and related infrastructure nationwide.The legislation will take effect on November 1, and includes several amendments aimed at strengthening oversight and imposing restrictions on crypto mining activities based on regional needs. The law enables the Russian government to implement mining restrictions based on location and defines specific procedures and circumstances under which mining operations are prohibited. A notable provision in the law grants the government the power to block digital currency mining pools from operating in certain areas. Additionally, the government now has the authority to regulate infrastructure providers that support mining operations.This legislation also authorizes multiple federal agencies, beyond the Federal Financial Monitoring Service (Rosfinmonitoring), to access digital currency identification addresses. This expansion includes federal administrative and law enforcement agencies, enhancing their ability to track transactions that may be related to money laundering or terrorist financing activities.Furthermore, the amendments transfer the responsibility for the national mining registry from the Ministry of Digital Development to the Federal Tax Service, which will now oversee the registration of mining businesses and remove companies that repeatedly violate regulations. While individual miners can continue to operate without registration if they comply with specific electricity consumption limits, companies and individual entrepreneurs must adhere to the new registration requirements.

ChainCatcher news, the blockchain company Consensys has issued an open letter to future U.S. presidents, calling for clear and supportive regulations for cryptocurrencies and Web3. The letter, released on October 23, emphasizes that regulatory decisions need to be transparent to keep the U.S. competitive globally while addressing consumer protection and illegal activities.

ChainCatcher news, to better protect cryptocurrency users, Argentina is innovating its cryptocurrency framework. The Argentine securities regulator (CNV) recently announced a public consultation on a draft to regulate the operations of virtual asset service providers (VASP) in the country, imposing new compliance requirements on these entities. If Resolution 1025 is approved, it will force cryptocurrency companies to disclose agreements with third parties and clients. Additionally, it aims to prevent money laundering and terrorist financing by establishing policies and cybersecurity standards. This framework is a follow-up to the VASP registration launched earlier this year. (Bitcoin.com)

ChainCatcher news, according to Jinshi reports, Japan plans to assess the effectiveness of its cryptocurrency regulations. This review will take place over the next few months and may pave the way for the country to launch cryptocurrency exchange-traded funds (ETFs).An official from the Financial Services Agency (FSA) of Japan stated that the review will evaluate whether the country's current regulatory approach under the Payment Services Act (PSA) is sufficient. The PSA was originally enacted in 2009, and Japanese lawmakers have amended it multiple times to address changes in the financial services landscape brought about by the emergence of digital currencies. The legislation recognizes Bitcoin (BTC) and other cryptocurrencies as legal property. It also requires cryptocurrency exchanges to register and comply with the country's anti-money laundering (AML) and counter-terrorism financing (CFT) obligations.