#CryptoRegulation #CryptoRegulation

Global Developments

1. Brazil Tightens Regulation on Stablecoins

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

2. The United Kingdom Launches Digital Derivatives Platform

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

3. Europe Adopts MiCA Guidelines

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