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Taiwan has initiated its first steps towards crypto regulation by introducing a crypto bill to its Legislative Yuan. In other Asian crypto news, Hong Kong aspires to become an International Virtual Asset Hub, and Circle has partnered with FamilyMart. Meanwhile, the UK Finance Ministry is planning to accelerate the implementation of new crypto sector rules in 2024, which will require crypto firms to seek authorization from the Financial Conduct Authority. The new rules will also cover companies providing services to UK consumers from an overseas base. The UK government has published its final crypto rules, including a phased introduction of regulations for fiat-backed stablecoins.
The UK government publishes its final crypto rules and plans a phased introduction of the regulations, including legislation for fiat-backed stablecoins in 2024 (@camomileshumba / CoinDesk) https://t.co/lyv3ToR2lK 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/Tor7XjefS9
The UK Treasury has released its latest plan for stablecoin regs, if you’re in to that kind of thing https://t.co/9vGTJH7LAG https://t.co/DKbAi1mFhE
Britain to push ahead with rules for cryptoassets https://t.co/lhAH4BhfAn https://t.co/stZEOVbYgy
UK crypto rules will end 'state of limbo' say crypto industry insiders, as HM Treasury releases report on MiCA-style framework, write @InbarPreiss and @joanna_focus https://t.co/qkojXtQ9Sr https://t.co/qkojXtQ9Sr
Britain to push ahead with rules for cryptoassets Britain said it would put forward legislation to implement its first set of rules to regulate the crypto sector, requiring market participants to be authorised before they can offer services to consumers. https://t.co/RuZhznEyDZ
The U.K. @hmtreasury has published its proposed rules on stablecoins and crypto. @camomileshumba reports https://t.co/al5Deg7JBD
🔴 UK FINANCE MINISTRY: WE ARE TO ACCELERATE THE IMPLEMENTATION OF NEW CRYPTO SECTOR RULES WITH SECONDARY LEGISLATION IN 2024.
🔴 UK FINANCE MINISTRY: THE SCOPE OF NEW CRYPTO RULES WILL GENERALLY COVER COMPANIES PROVIDING A SERVICE TO UK CONSUMERS FROM AN OVERSEAS BASE.
🔴 UK FINANCE MINISTRY TO PROCEED WITH NEW RULES REQUIRING CRYTPO FIRMS TO SEEK AUTHORISATION FROM FINANCIAL CONDUCT AUTHORITY - STATEMENT.
ICYMI: The 3 biggest crypto stories to look for this week https://t.co/TXv2SuFUfh
The 3 biggest crypto stories to look for this week https://t.co/M3dPWKKRRM
Asia's weekly TOP10 crypto news: Hong Kong's Aspiration to Become an International Virtual Asset Hub, Taiwan's Cryptocurrency Bill Passes First Reading, Circle Partners with FamilyMart and Top10 News(1023-1029) https://t.co/v5QCk2dcay
Taiwan has taken its first steps toward regulating digital assets, introducing a crypto bill to the Legislative Yuan for its first reading. https://t.co/ffjzvbfmfj