EU, Singapore, and Thailand Revamp Crypto Regulations: Investor Protection and Anti-Laundering Measures Enhanced

January 18, 2024
EU, Singapore, and Thailand Revamp Crypto Regulations: Investor Protection and Anti-Laundering Measures Enhanced
  • The European Union, Singapore, and Thailand have updated their crypto regulation policies.

  • The EU has agreed provisionally on new anti-money laundering rules, including regulating cryptoasset service providers and imposing a €10,000 maximum limit for cash payments.

  • Singapore has chosen to block the listing of Bitcoin ETFs to protect casual investors.

  • Thailand has allowed retail investors to invest more in certain ICOs but has blocked access to US-based Bitcoin ETFs.

  • The EU's new regulations, known as MICA, also aim to prevent Russian oligarchs from owning assets in the EU.

  • The agreement on new EU regulations still needs approval from the European Parliament and member states.

  • Concerns have been raised about the cap on cash payments and the arbitrary nature of regulations for football clubs.

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