Shyft Network Aug 29 · 4 min read In this issue, we cover the latest crypto regulatory steps from the Australian and the Philippines governments, the position of the International Monetary Fund on the rise of crypto assets and their regulation, and more… Welcome to another edition of Veriscope’s weekly regulatory recap. Australia announced its … Read more
Shyft Network Aug 22 · 4 min read In this issue we cover new Canadian requirements, a ban from the South Korean financial authority, and more… Welcome to another edition of Veriscope’s Weekly Regulatory Recap. In this week’s recap, we will look at ECB’s new guidelines over crypto asset licensing, compulsory pre-registration undertaking for Canadian … Read more
Shyft Network Aug 19 · 3 min read A popular idiom, “More Haste, Less Speed,” perfectly encapsulates how some Virtual Asset Service Providers (VASPs), such as cryptocurrency exchanges, are complying with the FATF Travel Rule, which is something that Shyft Network’s Head of Strategy, Malcolm Wright, experienced firsthand. Hastily done Travel Rule compliance can lead … Read more
Shyft Network Aug 16 · 5 min read According to the legislators, the proposed bill would give the cryptocurrency sector the much-needed regulatory certainty it needs. Key Takeaways – A US Senate bill was introduced last Wednesday to grant direct control over crypto assets deemed as digital commodities to CFTC. – If the proposed legislation … Read more
Shyft Network Aug 5 · 4 min read Country adoption is on the horizon, but it will be regulated. Welcome to another edition of Veriscope Weekly Recap. The crypto market was comparatively stable last week, with a majority of leading digital assets in green. That said, despite the recovering market, the digital assets regulatory landscape … Read more
Shyft Network Aug 4 · 3 min read The Bulletin primarily covers the critical issues with VASP registrations in Ireland and the bank’s expectations with VASP applications. Key Takeaways – In its recent AML Bulletin, the Central Bank of Ireland highlighted several issues with the VASP registration applications. – VASPS that are offering or planning … Read more
Shyft Network Jul 27 · 4 min read Thailand, Japan, UK and India take strides towards crypto regulation. Welcome to another edition of Veriscope’s weekly regulatory recap. Authorities continued stressing the need for tough regulatory measures against digital assets amid a considerable fall in the global crypto market cap last week, too. So, without further … Read more
Shyft Network Jul 22 · 3 min read Image Source: Bitcoin.com The proposal indirectly mentions the Financial Action Task Force’s (FATF) Travel Rule. Key Takeaways The Financial Superintendence of Colombia published the country’s crypto draft regulation for public comments. The proposal will remain open for public comments until August 12. If implemented, VASPs will have … Read more
Shyft Network Jul 20 · 4 min read Global and local regulators taking action towards a regulated crypto industry. Welcome to another edition of Veriscope’s weekly recap. The crypto regulatory landscape continued buzzing last week, with global regulators & financial bodies announcing their intention to reign in the digital assets market. So, without further ado, … Read more
Shyft Network Jul 18 · 3 min read Image source: Bitcoin.com The South African Reserve Bank recently announced that it will legalize digital currencies as financial assets by 2023. Key Takeaways – South African Reserve Bank Deputy Gov. Kuben announced the government’s plans to regulate cryptocurrencies as financial assets by 2023 while attending a PSG-hosted … Read more
