..."* She also expressed concerns about regulations in crypto sphere, as she is convinced that this is the only fact that can significantly affect the subsequent development in this area. A big investment such as Cohen’s will positively affect crypto industry, hence stay with **Offshorelicense** to be up-to-date on the latest news in this sphere.
Path: Blog... framework for cryptocurrencies, which is already described as “Europe’s most comprehensive crypto law yet.” New legal framework was first introduced to Albania's Committee of Economy back in 2019 in an attempt to establish a legislation in crypto industry. Crypto regulation was approved last week with a majority of 88 votes against 16 with only 3 in absentia. The country’s parliament a...
Path: Blog...tempt to launch Diem (previously known as Libra) caught regulatory attention worldwide. Just like other top monetary regulators, the Bank of Japan is currently working on a central bank digital currency (CBDC), and the proposed regulations on the crypto industry will only complement those actions. The new unit of the FSA, which was launched on July 8, is anticipated to oversee the ‘decentra...
Path: Blog...nvestor protection and preventing money laundering are particular concerns. The proposed legislation covers aspects like custody, know-your-customer requirements, anti-money laundering rules, and market manipulation, some of the key concerns for the crypto industry. Main objective with new regulatory framework is to create successful environment to enjoy the benefits of innovation, but at the ...
Path: BlogRecently European Union (EU) and United States (US) brought legislative changes regarding cryptocurrency industry. New set of rules for crypto industry in EU known as the Markets in Crypto-Assets (MiCA) was introduced online. The draft was introduced by European Commission and the draft legislation purpose is to provide legal clarity around cryptocurrencies (including security tokens and stabl...
Path: Blog...try truly explosive and could continue to extend outside Nigeria and into some of the other areas of the African continent. The traditional banks that are pillars of the developed financial world has become impractical and inefficient for Africa and crypto industry seems to take a part where traditional financial services have failed, and financial services can be accessible for millions of people...
Path: Blog...reign companies that will receive money from Indian investors, loss of tax revenues. Given India’s diversity, huge population, competence towards new technology, there is good reason to believe that India has huge potential as a hotspot for the crypto industry. Considering India’s government intentions to measure and ban cryptocurrency trading in India, our team would like to offer simil...
Path: Blog...o bring operators like exchanges and custodians under the government’s supervision. Although the new laws that regulate cryptocurrencies will come into effect on January 1, 2021, many field experts believe that this will not change the existing crypto industry in the country as the bill only gives a legal definition to the digital currencies. One of the bills advocates and one of the members ...
Path: Blog...could exceed 2019 statistic. Due to the implementation of effective AML controls, the amount of criminal funds directly received by exchanges dropped by 47% in 2019. Remining of 2020 could bring more regulatory attention to various aspects of the crypto industry. The percentage of funds sent to high-risk exchanges from US Bitcoin ATMs (BATMs) has seen exponential growth, doubling every year sin...
Path: Blog...ule, issuing its own guidance for VASPs in May 2019. According to FinCEN the breach of the Travel Rule is one of the most commonly cited violations — and it often goes unpunished. Reasons for this could be FinCEN understanding attitude towards the crypto industry, giving them time to build compliance solutions, or FinCEN realizing that an enforcement action too early would incentivize many U.S. ...
Path: Blog...of economic chaos. Mr. Ncube stated that the advantages that bitcoin and other related technologies such as blockchain can grant have been underestimated. In view of this the minister urged other countries to pay attention to modern technologies in crypto industry. *“...If these countries can see value in this and where it's headed, we should also pay attention,”* he said. However, som...
Path: Blog... businessmen and eliminate bad sources of information. This is an important addition as market manipulation is a real concern internationally. Despite the dreary state of the international markets, the new crypto regulations in Japan can help the crypto industry grow in the Asian region and Japan could be the blockchain capital of the region. This determination, coupled with regulators forward-...
Path: Blog...nce amid market downturns. While a majority of Bitcoiners and other crypto advocates believed that cryptocurrencies would act as a safe haven during times of crisis, the opposite has proven to be true, so far. Considering effects of crisis, every crypto industry has been affected in its own way–including the crypto lending sector. Despite of the long, slow fallout of the cryptocurrency market...
Path: Blog...ether the crypto gains tax will be implemented in the line with stocks or real estate capital gains. South Korea is currently enhancing the know-your-customer (KYC) and anti-money laundering (AML) requirements and is moving towards the regulated crypto industry. It worth noting that the National Assembly greenlighted legislation that recognizes crypto as digital assets and giving them a le...
Path: Blog...lopment. The President remarked that digital finance, Internet of Things, intelligent manufacturing, supply chain management, digital asset trading should be the target fields for the adoption of the new technology. This is a big step toward the crypto industry for China. For years crypto technologies were viewed with skepticism in this country. This is evidenced by the cryptocurrency ban whic...
Path: Blog...rmuda. Indeed, owing to revolutionary technology, Bermuda became the place where foreign regulators, legislators, and companies come together to understand the benefits and learn how the solution works. No doubts that this is a milestone for the crypto industry and it is entirely possible that pretty soon such solutions will encompass the whole world. Please follow the [LINK](https://www.o...
Path: Blog...n in cryptocurrencies equivalent being stolen. Many market observers are considering crypto ETFs as a means to bring institutional capital into crypto segment, nevertheless, not all agree with this idea. ETFs remain very important for many in the crypto industry who believe that exchange-traded funds might grant crypto products more authority in the eyes of investors, when making them more avai...
Path: Blog... or VFA Services do not hesitate to contact **Offshorelicense** so we could offer you our help to determine the reliability of such information. We will be happy to provide a quote and overview of the process. We leverage on our experience in the crypto industry and corporate services, to deliver a smooth and efficient application process.
Path: Blog...3 million, accounting for more than 20 percent of the whole sum raised globally in the same period by blockchain startups. The central bank stated that it needs to remain highly vigilant and to coordinate with other organizations to supervise the crypto industry for the purpose of education and protection of investors. Read our blog to keep abreast of the latest legal news in the sphere of c...
Path: Blog...government will table a bill regulating digital assets, the Minister of Finances has surprisingly introduced the new crypto taxation law coming into effect as early as this April – upon the new financial year. Although the majority of the local crypto industry members are optimistic about this, hoping that this will legitimacy to cryptocurrencies, many are concerned with the nuances of the ne...
Path: Blog