#CryptoRegulation

Global Developments

1. Brazil Tightens Regulation of Stablecoins

The Central Bank of Brazil has imposed restrictions on the conversion of stablecoins to self-custody wallets, aiming to curb fraud and money laundering, with plans to expand regulation to include decentralized finance (DeFi) and asset tokens.

2. United Kingdom Launches Digital Derivatives Platform

"GFO-X," the first regulated digital asset derivatives trading platform with centralized clearing, has been launched in London, supported by the Financial Conduct Authority (FCA) and major financial institutions, marking a step towards enhancing the digital market infrastructure.

3. Europe Adopts MiCA Guidelines

The French Financial Markets Authority (AMF) has announced its commitment to six sets of European guidelines under the MiCA regulation, strengthening the harmonization of the regulatory framework for digital assets in the European Union.