Financial Action Task Force To Establish Rules For Crypto Regulation By June 2019

News, Regulation | October 22, 2018 By:

The Financial Action Task Force (FATF), a global money-laundering watchdog, is planning to publish its first rules on oversight of cryptocurrencies by June 2019.

The Paris-based money-laundering watchdog announced on Friday that the rules would be an upgrade from guidelines currently in place and would require jurisdictions worldwide to license or regulate crypto exchanges and digital wallet providers.

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UAE To Allow ICOs To Boost Capital Markets

ICO News, News | October 9, 2018 By:

The United Arab Emirates (UAE) is planning to create rules that would allow domestic companies to raise money through initial coin offerings (ICO).

Speaking at a seminar, Obaid Saif Al-Zaabi, head of the Emirates Securities & Commodities Authority (ESCA), revealed that the board of ESCA has approved considering ICOs as securities and will be releasing regulations on the ground in the first half of 2019.

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