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Regulation of Virtual Assets in Oman

The Sultanate of Oman is moving towards launching systems to regulate its virtual assets, as the Capital Market Authority seeks to gather public opinions on the proposed regulatory framework for digital assets, such as cryptocurrencies. Comprehensive Regulatory Framework The Capital Market Authority in Oman is currently...

British law supports digital assets

The independent legal committee in the United Kingdom proposes amendments to the law to enable dealing with digital assets. The committee aims to establish a new category known as "digital objects," which includes cryptocurrencies and non-fungible tokens. It recommends the formation of an expert...

Deutsche Bank applies for a license to offer Crypto Custody Service

Germany's largest bank, Deutsche Bank, has reportedly applied for regulatory approval from the Federal Financial Supervisory Authority (BaFin) to offer custody services for digital assets, including cryptocurrencies, according to Bloomberg. David Lynn, the head of Deutsche Bank's Corporate Bank division, expressed their intention to expand...

The financial regulator in New York has adopted a rule for evaluating virtual currencies,

According to statements by the head of the regulatory body, Linda Harris. This measure aims to increase transparency and security in digital currency transactions and encourage the shift to this type of currency. The New York Department of Financial Services aims to increase control and...

US Rule Makers Are Finally Preparing Rules for Digital Assets

US lawmakers are getting ready to draft crypto rules. All realms of crypto will be considered under the new drafting. NFT is still a question under the new rules. The Financial Accounting Standards Board’s proposed regulations would cover all of the cryptocurrency’s erratic swings. Most...