EU, Singapore, and Thailand Revamp Crypto Regulations: Investor Protection and Anti-Laundering Measures Enhanced
January 18, 2024
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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