CryptoBlog n.2419
Brazil's Central Bank has proposed banning stablecoin withdrawals to self-custody wallets as part of its regulatory framework for digital assets. The move aims to ensure compliance with capital flow regulations and enhance legal certainty in the crypto market.
CryptoBlog n.2418
Printemps, a renowned French luxury retailer, has become the first department store in Europe to accept cryptocurrency payments, partnering with Lyzi and Binance Pay. This move aims to enhance the shopping experience for over 6.5m French crypto users and signals a potential shift in the European luxury market towards blockchain adoption.
CryptoBlog n.2417
Taiwan's Financial Supervisory Commission (FSC) will implement new anti-money laundering (AML) rules, on top of VASP requirements, on November 30, a month earlier than initially planned. Failing to comply with the new rules will result in up to two years in prison and a fine of over $150,000 USD.
CryptoBlog n.2416
Japan's Financial Services Agency (FSA) has issued warnings to five unregistered overseas cryptocurrency exchanges—KuCoin, bitcastle LLC, Bybit Fintech Limited, MEXC Global, and Bitget Limited—for providing crypto asset trading services to Japanese users without proper registration, in violation of the country's regulations. This action underscores Japan's commitment to enforcing compliance among crypto asset service providers to ensure consumer protection and maintain market integrity.