Global #Crypto Regulation

In response to escalating international sanctions impacting its financial landscape, Russia is intensifying efforts to regulate cryptocurrency usage.

In a surprising policy shift, the Russian government is reportedly set to reverse its stance on banning cryptocurrency exchanges. Lawmaker Anton Gorelkin, Deputy Chairman of the State Duma’s Committee on Information Policy, has revealed that Russia will no longer attempt to halt the “circulation” of cryptocurrencies within the country.

India is gearing up to solidify its stance on cryptocurrencies with the release of a comprehensive policy framework by September. According to Senior Finance Ministry Official Ajay Seth, the government is currently in the process of consulting with relevant stakeholders to shape the regulatory landscape for the burgeoning digital asset industry.

In a landmark address at the Bitcoin Conference 2024 held in Miami, Vice President Kamala Harris delved into the intricacies of cryptocurrency regulation and its implications for the future of finance.

The European Union (EU) is taking a firmer stance on crypto assets with the release of new classification guidelines under the Markets in Crypto Assets (MiCA) regulation. These guidelines aim to clarify how different types of crypto assets will be categorized and regulated.

Italy is taking a step forward in regulating cryptocurrencies with new guidelines based on the EU's MiCA framework. These rules aim to achieve a delicate balance between fostering innovation in the crypto sector, safeguarding financial stability, and protecting consumers.