Category: Compliance

Whether you’re a UK business that wants a quick refresher, a foreign company planning to offer crypto services in the UK, or just someone curious about how crypto is regulated in the United developments, helping you understand what’s required and what’s changing. Kingdom, this guide is for you. It provides a complete overview of the… Read more

What shaped crypto policy in 2024? Waves of adoption Implementation of regulatory frameworks Out of the 24 jurisdictions we reviewed — representing about 70% of global crypto exposure — about 70% made progress implementing regulations. At the same time, policymaking continues apace, with over 60% of these jurisdictions introducing new policies or positions for digital assets.… Read more

VARA issued the Virtual Assets and Related Activities Regulations 2023 (the Regulations) on 7 February 2023, an all-encompassing virtual asset regulatory framework applicable to all Virtual Asset Service Providers (VASPs) in Dubai but excluding the DIFC. Ever since then, 22 VASPs have got the licenses and the number is still growing rapidly. This achievement is… Read more

The Crypto-Asset Reporting Framework (CARF) is a key component of the International Standards for Automatic Exchange of Information in Tax Matters developed by OECD (Organisation for Economic Co-operation and Development) under a G20 mandate. It provides for the automatic exchange of tax-relevant information on crypto-assets and comes against the backdrop of the rapid adoption of the use… Read more

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The regulation of cryptoassets in the UK has developed alongside the evolution of the technology itself. In 2018, the Cryptoassets Taskforce brought together HM Treasury (HMT), the Financial Conduct Authority (the FCA) and the Bank of England (the BoE) to coordinate the UK’s approach to regulating cryptoassets and distributed ledger technology (DLT) as it relates… Read more