Wiki
Biturai Trading Wiki
The Biturai crypto encyclopedia: AI-assisted, data-informed, and continuously quality-audited.
MiFID II and Tokenized Securities in the EU
MiFID II is a key European regulatory framework that governs financial instruments, including those tokenized on a blockchain.
EU DLT Pilot Regime for Market Infrastructures
The EU DLT Pilot Regime is a temporary regulatory framework designed to facilitate the use of distributed ledger technology in financial market infrastructures.
Crypto Assets in Exchange Insolvency: Legal Treatment and Risks
When a cryptocurrency exchange becomes insolvent, the legal status of user funds is often uncertain, potentially reclassifying them as part of the exchange's bankruptcy estate.
Why Crypto Assets Are Not Covered by Statutory Deposit Insurance
Statutory deposit insurance schemes, designed to protect traditional bank deposits, do not extend to crypto assets.
Investor Compensation and Deposit Insurance for Crypto Exchanges
Investor compensation and deposit insurance are protective mechanisms traditionally stabilizing financial markets.
FCA and BaFin Ban on Misleading Crypto Advertising
Financial regulators in the UK and Germany are implementing stringent measures to protect retail investors from deceptive crypto advertising.
Australian Crypto Regulation and AUSTRAC Registration
Australia has established a robust framework for cryptocurrency regulation, primarily through AUSTRAC and the recent mandate for Australian Financial Services Licences.
Crypto Regulation in Canada and the Securities Framework
Canada regulates crypto assets by adapting existing securities and derivatives laws, rather than creating entirely new legislation.
Brazil's Crypto Regulation and the Marco Legal
Brazil has established a comprehensive regulatory framework for cryptocurrencies through its Virtual Assets Act, known as the Marco Legal.
Bitcoin's Legal Tender Status: Countries Recognizing Bitcoin
Legal tender status means a currency must be accepted for all debts, distinguishing it from merely being legal to own or trade. Only a few nations have officially adopted Bitcoin as legal tender, with El Salvador being the first.
El Salvador's Adoption of Bitcoin as Legal Tender
El Salvador made history in 2021 by becoming the first nation to adopt Bitcoin as legal tender, a move spearheaded by President Nayib Bukele.
SEC vs. CFTC: The Jurisdictional Dispute Over Crypto Assets
The classification of crypto assets as either securities or commodities has led to a significant jurisdictional dispute between the SEC and CFTC.
China's Cryptocurrency Ban: Background and Implications
China implemented a comprehensive ban on all cryptocurrency transactions and mining activities. This move significantly impacted the global crypto market and reshaped the industry landscape.
South Korea's Crypto Regulation and the Virtual Asset User Protection Act
South Korea has established a robust regulatory framework for cryptocurrencies, primarily through the Virtual Asset User Protection Act and the Act on the Reporting and Use of Specific Financial Transaction Information.
Hong Kong's Crypto Licensing Regime for Trading Platforms
Hong Kong has established a mandatory licensing regime for virtual asset trading platforms, overseen by the Securities and Futures Commission.
Japan Crypto Tax: Miscellaneous Income Classification
In Japan, profits derived from cryptocurrency transactions are generally classified as miscellaneous income, subjecting them to progressive income tax rates that can reach up to 55%.
Japan's Payment Services Act and Crypto Regulation Evolution
Japan's regulatory framework for crypto assets has evolved significantly, shifting from the Payment Services Act to the Financial Instruments and Exchange Act.
Singapore's MAS Licensing for Crypto Service Providers
Singapore has established a robust regulatory framework for digital payment token services under the Monetary Authority of Singapore.
The SEC Approval of Spot Bitcoin ETFs in 2024
In January 2024, the U.S. Securities and Exchange Commission approved the listing and trading of several spot Bitcoin Exchange-Traded Funds.
The SEC Case Against Coinbase and Its Significance
The SEC's lawsuit against Coinbase, alleging the exchange operated as an unregistered securities platform, was a landmark event in crypto regulation.