Global #cryptocurrency exchanges

The European Commission is developing plans to enhance the competitiveness of the bloc's capital markets by proposing to bring stock and cryptocurrency exchanges under central supervision.

Russia is preparing for a dramatic policy turnaround by moving to legalize and regulate cryptocurrency exchanges, a significant shift driven by mounting economic sanctions and the need for new international trade channels.

Vietnam's government has approved a new pilot program for cryptocurrency exchanges, prompting a swift response from the country's major banks and securities firms.

On September 4, 2017, the Chinese government, led by the People's Bank of China and six other agencies, issued a comprehensive ban on initial coin offerings (ICOs) and required all domestic cryptocurrency exchanges to stop operations.

In Russia, a new political effort is challenging the central bank's opposition to digital assets. Several members of parliament from the "New People" party have formally requested that the Central Bank of Russia license and regulate cryptocurrency exchanges.

The Philippine Securities and Exchange Commission (SEC) has issued a public warning against ten offshore cryptocurrency exchanges, including major players OKX and KuCoin, for operating without the necessary licenses.

Cambodia's Telecommunications Regulator (TRC) has taken decisive action against a number of online gambling sites and cryptocurrency exchanges, including Binance.

During the recent Hong Kong Fintech Week, The Cryptonomist had the opportunity to speak with Mr. King Leung, Global Head of Fintech, Financial Services, and Sustainability at InvestHK.

In a significant move to curb illegal cryptocurrency activities, Russian authorities have reportedly launched a crackdown on unauthorized crypto exchanges, conducting extensive raids in Saint Petersburg and surrounding areas.

Australian regulators are gearing up to implement new legislation mandating that cryptocurrency exchanges obtain financial services licenses. This development marks a significant shift in how digital currency exchanges will be governed in Australia, expanding beyond existing regulations specific to digital currencies.

In a strategic push to bolster its foreign economic activities and advance de-dollarization, Russia is set to launch two significant cryptocurrency exchanges.

Binance, one of the world’s largest cryptocurrency exchanges, has resumed full operations in India following a substantial fine and successful registration with the Financial Intelligence Unit (FIU).