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In August 2020, Archax announced becoming the first FCA-regulated digital securities exchange, broker and custodian in the UK. [citation needed] According to Bloomberg, Archax had asked the UK Financial Conduct Authority to regulate it. [11] [12] [13] In October, Archax closed its seed raise with a total funding of $8 million. [14] [15] [16] [17]
In December 2022, Brazil established a licensing regime for virtual asset service providers with the aim of legalizing crypto as a payment method. Previously regulated, according to a 2014 statement by the Central Bank of Brazil concerning cryptocurrencies, but is discouraged because of operational risks. [ 52 ]
The SEC classifies crypto as securities, like stocks, and requires that all sales or issuances of digital assets be registered by the issuing company. This means the SEC wants crypto to follow the ...
U.K’s FCA has tightened cryptocurrency regulation, with more companies withdrawing their license applications as they don’t meet the required AML standards. FCA Is Tightening Cryptocurrency ...
Crypto.com: 2013 Singapore Singapore: cryptocurrency exchange [citation needed] Cryptopia: 2014 New Zealand: Christchurch: cryptocurrency exchange Liquidated in 2019, ongoing investigation [5] Digital Asset Holdings: 2014 United States: New York City: blockchain financial services [citation needed] Gemini: 2015 United States: New York City
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The general notion of cryptocurrencies in Europe denotes the processes of legislative regulation, distribution, circulation, and storage of cryptocurrencies in Europe.In April 2023, the EU Parliament passed the Markets in Crypto Act (MiCA) unified legal framework for crypto-assets within the European Union.
The lower house of the parliament voted in favor of adding crypto assets to the scope of activities to be regulated via the proposed Financial Services and Markets Bill – which already seeks to ...