Page 31 - Crypto Exchanges News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Due to the regulatory uncertainty in the US, Bitcoin trading is increasingly shifting to Singapore, Japan and South Korea, and Hong Kong, which just introduced a new regulatory framework for cryptocurrency exchanges, despite crypto trading remaining banned in China and high taxes in India. Institutional investors perceive the regulatory environment in Asia as less risky, and the countries' vast population represents a huge opportunity for the crypto market. Despite Europe's strides in crypto regulation, the EU-wide Markets in Cryptoassets regime will only take effect in 2024.

In a remarkable twist of events, the European Parliament Committee on Economic and Monetary Affairs (ECON) has proposed alterations to the fundamental principles of the recently unveiled MiCA regulations, which comes as quite a surprise.

The UK-based lenders and the Bank of China were questioned by the Hong Kong Monetary Authority (HKMA) last month on why crypto exchanges were not being accepted as clients, according to the report. HSBC, Standard Chartered and the HKMA did not immediately respond to a Reuters request for comments.

Compare the fees, features, available coins, and more from the best peer-to-peer (P2P) cryptocurrency exchanges in the United Arab Emirates.