Tag: 9948
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South Korea’s FSC enforces AML rules for USDT and USDC by Q2 2024
South Korea’s FSC mandates AML protocols for stablecoins like USDT and USDC, affecting 20 crypto exchanges by Q2 2024 to enhance regulatory compliance.
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Japan and South Korea set 2024 stablecoin regulatory frameworks
Japan and South Korea progress stablecoin regulations, with Japan approving 3 stablecoins and South Korea drafting laws for 2024 implementation.
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India tax authority reviews crypto regulations amid 30% investor growth
India’s tax authority examines crypto regulations as Bitcoin trades at $42,000 and Ethereum at $2,250 amid 30% investor growth in 2023.
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US Treasury mandates digital ID in DeFi smart contracts by 2025 to fight illicit finance
The US Treasury plans digital ID integration in DeFi smart contracts to combat illicit finance, targeting Ethereum and Bitcoin transactions by 2025.
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US 10% reserve rules restrict Bitcoin and Ethereum transactions in 2024
US banks face 10% reserve requirements, limiting crypto transactions. Bitcoin and Ethereum adoption slows as regulators like the SEC maintain strict capital rules.
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Federal Reserve concludes crypto oversight program, shifts to standard supervision in 2023
The Federal Reserve terminated its special crypto oversight program, shifting supervision to standard processes. Bitcoin and Ethereum affected; 2023 saw 120 crypto firms under review.
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Federal Reserve ends crypto oversight after Trump debanking criticism in 2023
The Federal Reserve ended crypto oversight following Trump’s criticism, impacting Bitcoin and Ethereum. 15% of banks had restricted crypto transactions in 2023.
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Fed Ends Crypto Oversight Program as Treasury Rules Out New Bitcoin Buys
The Fed terminated its crypto oversight program on March 15. Treasury Secretary Yellen confirmed no Bitcoin purchases. BTC dropped 5%. ETH stable.
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SEC files 12 enforcement actions targeting DeFi platforms including Uniswap in latest crypto clarity push
The SEC clarified crypto regulations, impacting Bitcoin and Ethereum. 12 new enforcement actions were filed, focusing on DeFi platforms like Uniswap.
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Federal Reserve ends crypto supervisory program affecting 12 banks since 2021
The Federal Reserve terminated its crypto supervisory program affecting banks like JPMorgan and Goldman Sachs, impacting 12 institutions since 2021.
