Authority

It’s now officially confirmed that UAE and Saudi Arabia will collaborate and work on a cross-border cryptocurrency, though the actual date and time when this will be done is not known. The crypto is strictly targeting banks not clients.

Uganda's Financial Intelligence Authority (FIA) plans to review the law on anti-money laundering so that it can include crypto assets, according to a November 14, 2018 report from nilepost, a local news outlet.

Lawyer Jake Chervinsky tweeted about the recent rejection of nine Bitcoin (BTC) ETFs by the US SEC and said it would probably be done next month. Ran NeuNer earlier falsely revealed that the authority was to call BTC ETFs by Mon Nov 5, 2018.

Brazil’s tax authority is concerned over cryptocurrency-related problems, including money laundering and tax evasion. The institution has officially filed a proposal in order to regulate the digital currency field, which was revealed by the Department of Federal Revenue of Brazil (RFB). According to the document, any exchange will need to make financial reports each month.

The notion of a financial or tech sandbox, highly popularized over the last 10 years, is gaining increasing momentum across the globe, especially as regulators try to place the digital currency and Blockchain technology genies under thorough observation. For some regulators in great jurisdictions like the UK's Financial Conduct Authority (FCA) are majorly originating from positions of strength and as such, may facilitate innovations which "fit the mould" or slightly enhance status quo.

The UAE government has taken a significant step in understanding the general principles on which the fintech is based. Last Sunday, the UAE Securities and Commodities Authority (SCA) officially agreed to regulate ICOs and recognize tokens as securities for the welfare of the nation.

Colorado's Department of Regulatory Agencies (DORA) has unveiled plans to evaluate 3 cryptocurrency-based companies hosting "unregistered ICOs" in the United States as part of continuing investigation into a practice being applied by phony firms to defraud people.

Phony Crypto trading platforms continue itching Belgian investors. According to the recent warnings from the Financial Services and Markets Authority (FSMA), the regulatory body has been getting complaints from various investors about phony offerings related to investing in Cryptos.

Malta Financial Services Authority (MFSA) is carrying a wide consultation exercise to guarantee that every stakeholder is properly informed on what the 3 cryptocurrency and blockchain laws which were recently passed, imply.