The United States called on Japan to ban national cryptocurrency companies from working with Russia

The US authorities called on the Japan Financial Services Agency to restrict the activities of national cryptocurrency exchanges and mining companies that continue to work with Russia. The US request came to the Japan Financial Services Agency (FSA) following changes to the Foreign Exchange and Foreign Trade Law. Amendments to the legislative act are aimed at strengthening the powers of the country’s regulatory authorities to limit the flow of digital currency. US diplomats said that…

A bill has been submitted to introduce licensing of crypto companies in Hong Kong

Members of the Legislative Council of the Special Administrative Region of China have been presented with a new bill aimed at combating money laundering and the financing of terrorism. The authors of the bill propose to introduce licensing of virtual asset service providers (VASP) and registration of dealers in precious metals and stones (DPMS). If the bill passes, Hong Kong companies operating in these two sectors will be required to comply with regulations aimed at…