Important Update for Crypto Investors in France! The Autorité des Marchés Financiers (AMF), France’s securities regulator, has issued a renewed warning against the crypto exchange Bybit. The AMF has urged customers to prepare for the possibility that the platform may suddenly cease to provide services in France. Bybit is not registered as a digital asset service provider (DASP) and is therefore offering its services illegally in France1. The exchange has been blacklisted by the AMF since May 20, 2022. This warning seems to hint at a possible coming enforcement action against the platform. The AMF has reminded investors that it reserves the right to take legal action to block the website of this platform. This warning from the AMF echoes a similar warning against Bybit by Hong Kong’s financial regulator1. Last year, Bybit pulled out of Canada and the United Kingdom, citing regulatory pressure. Stay informed and stay safe! Source : https://lnkd.in/gZaKt376 #CryptoNews #AMF #Bybit #InvestorWarning
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🚨 Crypto Alert 🚨 French regulator Autorité des marchés financiers (AMF) – France has issued a renewed warning against Bybit. The crypto exchange isn't registered as a digital asset service provider in France and may face enforcement action. 🇫🇷⚖️ Investors are urged to be cautious and make necessary arrangements to access their assets. This warning follows similar actions from Hong Kong and Bybit's withdrawal from Canada and the UK due to regulatory pressures. Staying informed is crucial for safety. 🔒📉 #CryptoNews #Bybit #Regulation #InvestSafe #CryptoAlert #FinancialAlert #CryptoInvesting #CryptoExchange #DigitalAssets
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France’s Crypto Regulations Revised To align national regulations with the pan-European framework established by Markets in Crypto-Assets (MiCA), France’s extant crypto regime will undergo revisions in 2019. Due to the “enhanced” registration, the Autorité des Marchés Financiers (AMF), France’s primary financial authority, announced the provisions of its General Regulation and its policy on digital asset service providers (DASPs). The news release was distributed on August 10. A new Article 721-1-2 of the AMF General Regulation outlines the “enhanced” registration requirements for crypto platforms. These […] France’s Crypto Regulations Revised #CryptoRegulation #News #Adoption
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This week the House of Representatives will vote on the most important piece of crypto legislation to date! The FIT21 legislation, aims to establish a U.S. regulatory regime for digital assets. This legislation categorizes digital assets into three groups: digital commodities, restricted digital assets, and permitted payment stablecoins. FIT21 will help eliminate scams, ensure strong oversight of crypto exchanges, and protect American consumers by enforcing strict regulations on crypto trading. The legislation would grant the CFTC authority over digital commodities and the SEC over restricted digital assets. The crypto sector is rallying behind this crucial effort, urging House leaders to support the bill. #CryptoRegulation #FIT21 #BlockchainInnovation #DigitalAssets #DeFi #digitalassets #sec
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Hong Kong’s Securities and Futures Commission (SFC) is closely monitoring unauthorised crypto products being offered to the Hong Kong public and crypto-related activities conducted by entities that are not regulated by the SFC as is evident from its listing of 27 crypto products and businesses on its Suspicious Virtual Asset Trading Platforms Alert List as at 8 April 2024. The SFC has issued warning statements to the public relating to each business listed setting out the virtual asset-related fraud and/or false claims of regulated virtual asset trading platform (VATP) status allegedly involved. The SFC advises investors to check its List of Licensed Virtual Asset Trading Platforms, available on the SFC website, to ascertain whether trading platforms are in fact regulated and monitored by the SFC. Read more: https://cutt.ly/cw7eL7RX #CryptoRegulation #FraudPrevention #SFCWarnings #CryptocurrencyNews #CryptoSecurity #InvestmentSafety #FinancialRegulation #CryptoFraudAlert #BlockchainSecurity #HongKongFinance
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The British government is taking a significant step in the crypto world! 💡 In an effort to establish itself as a crypto-asset hub, the U.K. has just released its final proposals for regulating the crypto ecosystem. The plan includes a phased introduction of regulations, with legislation for fiat-backed stablecoins expected in early 2024. The government aims to bring crypto activities like lending and trading under the purview of the Financial Conduct Authority (FCA). Treasury Minister Andrew Griffith expressed his enthusiasm for the finalised framework, stating that it positions the U.K. as the 'obvious choice for starting and scaling a cryptoasset business.' What are your thoughts? To read further, visit https://buff.ly/3SdTQy6 #UKCryptoRegulation #CryptoNews #FinancialInnovation #CryptoIndustry #Recruitment
U.K. Publishes Final Proposals for Crypto, Stablecoin Regulation
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Bybit to stay in UK despite looming curbs on crypto promotion - Crypto exchange Bybit is actively exploring options to continue operating in the U.K. despite impending changes in financial promotions rules that are set to come into effect next month. These new regulations will extend to crypto companies and impact their ability to engage with local customers, requiring them to be https://lnkd.in/eraYJtFb
Bybit to stay in UK despite looming curbs on crypto promotion
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🌐 Understanding Singapore's New Crypto Regulations: Shaping the Digital Financial Landscape 🌐 Singapore has recently introduced new cryptocurrency regulations, marking a further step towards the evolution of the digital financial sector. Will this early move solidify Singapore as a global fintech and crypto hub and what can other jurisdictions learn from this?
Singapore rolls out new crypto rules
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Paving the Way: Circle Becomes First MiCA-Regulated Stablecoin Issuer! Circle‘s French subsidiary, Circle Internet Financial Europe SAS, has obtained the MiCA-compliant EMI license to issue its USDC and EURC stablecoins across the EU. This positions Circle, founded in Boston, Massachusetts in 2013 by Jeremy Allaire and Sean Neville, as the first global stablecoin issuer to become fully compliant with the EU’s new comprehensive crypto regulation. This development marks a pivotal moment in regulating digital assets in the European Union (EU). 🔗 Read More: https://lnkd.in/dhDV6Uwj
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Thai regulators revoke Zipmex’s crypto license ➡️ Read All : https://lnkd.in/exE8WVMS Beleaguered crypto exchange Zipmex has lost its business license after the Thai authorities found that the exchange had repeatedly failed to comply with orders. Thai... [...] #Zipmex #CryptoRegulation #SEC #LicenseRevocation #CryptoFailures #Crypto #Exchanges #NBTC
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A new post is available on news.nbtc.finance : UK Financial Regulator Unveils Guidance for Crypto Firms on Digital Assets Marketing The Monetary Conduct Authority (FCA) of the UK is releasing new tips for crypto corporations on how one can correctly market digital property. In a...[...] Read more : https://lnkd.in/eYuRRmAd #crypto #Regulation #nbtc
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