Money services businesses provide currency exchange and conversion services for organizations all over the world. Financial institutions that transmit or convert money fall into the classification of ‘Money Services Business’ (MSB). While they provide some of the same services, MSBs […]
Australia’s anti-financial crime regime underwent significant changes in 2024. The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment Act, a major update to the country’s central piece of AML legislation, passed in December, prompting firms across the financial services landscape to […]
Is cryptocurrency legal in Latin America? Cryptocurrencies: Laws vary by country Cryptocurrency exchanges: Regulation, laws vary by country Latin America cryptocurrency regulations run the legislative spectrum. Those countries with harsher regulations include Bolivia which has comprehensively banned cryptocurrencies and exchanges, […]
The cryptocurrency and virtual asset market in the European Union (EU) has become a huge one, with projected revenues set to reach around €22.5 billion, according to some sources. Momentum in the region is unlikely to dissipate, particularly with the […]
Cryptocurrencies and virtual assets (VAs) remain high on the global financial agenda in 2025, and the UK is no exception. Crypto’s decentralized nature allows for fast and low-cost transactions, including across borders. While this clearly appeals to consumers, crypto’s speed […]
Is Cryptocurrency Legal In India? Cryptocurrency in India: Not legal tender Cryptocurrency exchanges: Regulations being considered Cryptocurrency is not legal tender in India. While cryptocurrency in India can be exchanged due to the absence of a robust regulatory framework, a […]
Is Cryptocurrency Legal in China? Cryptocurrencies: Not legal tender Cryptocurrency exchanges: Illegal The People’s Bank of China (PBOC) banned financial institutions from handling Bitcoin transactions in 2013 and went further by banning ICOs and domestic cryptocurrency exchanges in 2017. In […]
Is Cryptocurrency Legal in South Korea? Cryptocurrencies: Not legal tender Cryptocurrency exchanges: Legal, must register with FSS Currently, South Korea cryptocurrency regulation means that crypto is not considered legal tender. Exchanges, while legal, are part of a closely-monitored regulatory system. […]
Is Cryptocurrency legal in Switzerland? Cryptocurrencies: Legal, accepted as payment in some contexts Cryptocurrency exchanges: Legal, regulated by SFTA and FINMA In Switzerland crypto and virtual currencies are classified as assets or property. Exchanges are legal and, depending on the […]
Is cryptocurrency in Japan legal Cryptocurrencies: Legal, treated as property Cryptocurrency exchanges: Legal, must register with the Financial Services Agency Japan currently has the world’s most progressive regulatory climate for cryptocurrencies and recognizes Bitcoin and other digital currencies as legal […]
Singapore has a well-earned reputation as a global center for leading-edge financial services, with its regulatory model praised for its innovation-friendly outlook. This includes the virtual asset industry: the Singaporean crypto market is expected to attract 4.19 million users by […]
As the second-largest economy in North America, Canada is an important financial center on the global stage – and its crypto market is no exception. The country is expected to have 12.95 million cryptocurrency users by 2028, according to Moonpay, […]
