VALR’s Post

Nigeria's decision to appoint a new Securities and Exchange Commission (SEC) Chair with a crypto-friendly stance signals a pivotal shift in the country's approach to digital assets and financial regulation. By embracing cryptocurrencies within the capital market framework, the government aims to foster innovation, attract investment, and promote financial inclusion. This move reflects a recognition of the growing relevance of digital assets in the global economy and underscores Nigeria's commitment to adapting to emerging technologies. As the new SEC Chair assumes office, stakeholders will closely monitor regulatory developments to gauge their impact on investor confidence, market stability, and the broader economic landscape. #Nigeria #CryptoRegulation #SEC #FinancialInnovation #EconomicDevelopment https://lnkd.in/etFfmq8g

A great overview by Miriam (Miz) Feiler who spoke with Yagub Zamanov for DeCential Media on AFSA’s approach to regulation of digital assets. It is an engaging read for those who want to know the timeline of AFSA’s and Kazakhstan’s work to develop a comprehensive digital ecosystem. From 2022-2023, a series of consultations and a pilot project with the commercial banks of Kazakhstan, as well as eight licensed international and local crypto exchanges licensed in the jurisdiction, culminated in the publication of the Digital Asset Activities rulebook. As Yagub Zamanov said: “Previously, we didn't have any rules related to stable coins or tokenization. So again, our approach was to test, see the results, and then introduce the regulation in close consultation with the market participants. So, our process is totally transparent, protecting the market and keeping market integrity.” https://lnkd.in/gBt2r3kf

Innovation guided by regulations is sustainable

Farzam Ehsani, CEO of VALR, discusses the growth of crypto exchanges, regulatory hurdles, and VALR's navigation of South Africa's crypto landscape. (Read More) https://lnkd.in/g6dPyQgt

Nigeria Set to Introduce Stricter Regulations to Counter Illegal Crypto Trading. Learn more details at https://lnkd.in/dVDa5wQy #NigeriaDigitalAssetRegulation #NigeriaCryptoTradeClampdown #NairaProtectionFromCryptoManipulation #NigeriaCryptoExchangeRules #NigeriaPeerToPeerCryptoTradeBan #NigeriaCryptoFinTechRegulation #NigeriaCryptoAntiMoneyLaundering#NigeriaCryptoTaxEvasionCrackdown #AfricaCryptoRegulation #AfricaDigitalAssetFramework

From Asia to Africa to UK to US, there's always plenty going on in the world of regulatory affairs for crypto. Here's a round up of the latest developments by Elliptic: 🇭🇰 The Hong Kong SFC conditional approval of Bitcoin and Ether #ETFs 🇺🇸 A warning from a senior SEC official that it will maintain its intense and aggressive enforcement position toward crypto 🇿🇦 Cryptoasset service providers in South Africa have received approval under the country’s new regulatory framework for cryptoassets 🇬🇧 The latest progress in the UK's planned legislative updates on crypto and stablecoins 🇱🇹 The tough approach expected in Lithuania as it moves toward implementing #MiCA domestically #Compliance #Regulations

In our latest crypto regulatory affairs update, read more about: 🇭🇰 The Hong Kong SFC conditional approval of Bitcoin and Ether #ETFs 🇺🇸 A warning from a senior SEC official that it will maintain its intense and aggressive enforcement position toward crypto 🇿🇦 Cryptoasset service providers in South Africa have received approval under the country’s new regulatory framework for cryptoassets 🇬🇧 The latest progress in the UK's planned legislative updates on crypto and stablecoins 🇱🇹 The tough approach expected in Lithuania as it moves toward implementing MiCA domestically Find the full update here ➡️ https://hubs.la/Q02s_Nyl0

Yesterday, South Africa’s Financial Sector Conduct Authority announced that it has granted crypto licenses to 75 institutions. The FSCA also added that the licenses do not include recognition of crypto assets as legal tender. This marks a significant milestone for South Africa, with Luno, Altcoin Trader, and VALR, among others, receiving a license. Over 350 service providers have applied for a license, and the FSCA has noted that applications are still being processed and approved. Authorised crypto service providers in South Africa open the door for greater retail and institutional investment market growth. This is another indicator of the wider acceptance of crypto assets as important investment options. You can find the full story here - https://lnkd.in/egPX5tAX