New legislation

Proposal to update Travel Rule requirements in the EU to be negotiated between Council and Parliment

<aside> ℹ️ Notabene will share more on this Proposal in the coming weeks. Below you find a few preliminary highlights:

• The Travel Rule covers crypto-asset transfers between crypto-asset service providers and un-hosted wallets
• EU VASP definition must be expanded in line with FATF
• VASPs should always collect info on counterparty, and where it is missing, they need to assess the risk involved and potentially not allow transactions to go through, or report suspicious transactions </aside>

S. Korean Regulators Call for Criminal Punishments for Crypto Market Manipulation

South Korean regulator proposes strict new rules for token issuers

Indian Government Considering Widening Taxation Laws To Include Crypto Gains: Report

Digital finance package: Council reaches agreement on MiCA and DORA - Consilium

Finland published stricter rulings regarding crypto marketing

Netherlands' guidance on sanctions screening for crypto transactions under public consultation

UK digital services tax targets crypto exchanges

Regulators' good graces

Two Bitcoin funds launched in Singapore by MAS-regulated fund manager

TripleA Wins Singapore Crypto License

Bitbuy secures regulatory approval as marketplace and restricted dealer

Regulators' hot seat

SEC denies WisdomTree's spot bitcoin ETF proposal

SEC charges operator of ICO and cloud crypto mining schemes

China's crypto censorship reaches over news outlets and mining pools

Legal trends watcher