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.