New York Lawmakers to Increase Criminal Penalties for Crypto Fraud

The New York Assembly is debating a bill that would amend criminal law to provide for updated penalties for crypto asset misconduct, private key theft, concealment of financial interests, and illegal trading.

Thailand Regulator Approves USDT for Trading and Payments

The Securities and Exchange Commission of Thailand has confirmed that USDT, a stablecoin issued by US company Tether, is now officially considered a cryptocurrency that can be listed on local exchanges and used as a means of payment. The new regulations are expected to go into effect on March 16.

Rwanda Unveils Cryptocurrency Regulation Bill

Rwanda has unveiled a new cryptocurrency regulation bill that would require virtual asset service providers to obtain licenses to operate in the country. The Capital Markets Authority will oversee this area, which implies the need to register all crypto services and companies dealing with digital assets with this authority.

The Bank of Russia has proposed allowing crypto trading only to selected investors

The Central Bank of Russia has put forward an initiative to create an EPR for three years, within the framework of which the opportunity to trade cryptocurrency will be provided only to a certain category of investors.

Turkish authorities are tightening the rules for regulating the crypto market

The Capital Markets Board of Turkey (CMB) has announced plans to establish new regulations aimed at strengthening control over the cryptocurrency industry and bringing the national digital asset sphere in line with international standards. The goal of the initiative is to create a safer and more transparent environment for all market participants.