A new crypto tax law took effect in the US, with Americans receiving crypto worth at least $10,000 required to file a report with the Internal Revenue Service (IRS) within 15 days.

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Hong Kong seeks to engage the public on legislative proposals concerning stablecoin issuers.
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**News Update: 🌏🔐 #HongKongCryptoRegulation**
Hong Kong's Securities and Futures Commission (SFC) enhances cryptocurrency investor protection. The updated framework targets intermediaries, limiting complex crypto products to professional investors only. Brokers must assess customer understanding, allowing trades only after passing a comprehension test or receiving necessary training. Institutional and corporate professional investors are exempt. 📰🇭🇰 #CryptoRegulationUpdate

Based on its quest to become a crypto hub, the UK government intends to roll out a new digital asset legislation.
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🇿🇦 South Africa's Financial Conduct Authority (FSCA) is set to review and possibly issue licenses for 36 cryptocurrency service providers (CASPs, virtual asset operators) in December. As of November 30, the FSCA had reviewed 128 CASP license applications and will confirm an additional 36 license applications at its December 12 meeting, according to 'My Broadband' via Cointelegraph. 📋🚀 #CryptoRegulationUpdate

Cryptocurrency exchanges operating on Indonesian soil will be required to register with the recently established national bourse for crypto assets. This move is geared toward monitoring asset liquidity and recording crypto transactions.

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Singapore has rolled out the final guidelines for cryptocurrency payment providers, with issues like consumer access, business conduct, managing technology, cyber risks, and implementation timelines covered.
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Regulatory developments in crypto: navigating the path to mainstream adoption. 📜 How do you think regulations will shape the future of cryptocurrencies?

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