To comply with the UK's recent implementation of the 'Travel Rule', crypto-exchange Gemini will limit the inbound and outbound transfers of UK-based users.
The U.K. regulators have been busy publishing more detailed plans for the country’s upcoming stablecoin regulation, following last week’s Treasury announcement of which entities would be responsible for various aspects.
The 1% TDS on digital asset transactions has provoked “an exodus of users, funds and trades to offshore platforms,” according to a study by Esya Centre.
The 1% TDS on digital asset transactions has provoked “an exodus of users, funds and trades to offshore platforms,” according to a study by Esya Centre.
To comply with the UK's recent implementation of the 'Travel Rule', crypto-exchange Gemini will limit the inbound and outbound transfers of UK-based users.
The U.K. regulators have been busy publishing more detailed plans for the country’s upcoming stablecoin regulation, following last week’s Treasury announcement of which entities would be responsible for various aspects.
Hong Kong officials have announced imminent plans for new regulation on tokenized real-world assets, just as HSBC and Ant Group start testing tokenized deposits in the Hong Kong Monetary Authority sandbox.
In legislation planned to go to parliament in 2024, fiat-backed stablecoins will be regulated for use in payment chains, although decentralized and algorithmic stablecoins will remain unregulated until the second phase of government plans.
Over recent months, Binance, Coinbase and the U.S. regulators have been exchanging caustic statements via court filings, mainly repeating the same old song about authority limits and alleged legal violations.
