From Thailand to South Africa, regulators tighten their grip on crypto: Legislation Decoded, July 3–10

Final week noticed extra guidelines and laws emerge concerning digital property. Thailand’s Securities and Trade Fee issued new guidelines requiring digital asset service suppliers to warn clients of dangers related to cryptocurrency buying and selling. The warning message should be clearly seen, and earlier than clients can use the service, the enterprise operator should organize for the customers to present consent and acknowledge the dangers. Other than a buying and selling dangers disclaimer, the brand new tips prohibit service suppliers from utilizing clients’ funds for lending or funding.

The Financial Authority of Singapore introduced new necessities for crypto service suppliers to maintain buyer property in a statutory belief by the top of 2023.“This can mitigate the chance of loss or misuse of consumers’ property, and facilitate the restoration of consumers’ property within the occasion of a DPT [digital payment token] service supplier’s insolvency,” the authority says.

Binance Australia places of work have been reportedly searched by the native regulator

Denmark orders Saxo Financial institution to erase cryptocurrency holdings

Twitter receives cash transmitter licenses in three U.S. states

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