A Hong Kong securities industry body has warned that proposed licensing changes for crypto asset management could raise compliance costs and discourage traditional fund managers from limited digital asset exposure.
Turkmenistan has enacted new legislation legalizing cryptocurrency mining and exchanges, aiming to attract foreign investment and support economic development under a regulated framework.
South Korea’s proposed stablecoin framework has been delayed as regulators disagree over which entities should be allowed to issue the tokens.
Ghana has passed legislation legalizing cryptocurrency trading and granting its central bank authority to license and supervise digital asset providers.
The Bank of Canada has outlined strict expectations for stablecoins, signaling that only fully backed, transparent tokens will be permitted under forthcoming regulations.