Welcome back to Compliant Wednesday with the latest regulatory updates from around the globe! 🌍

Today:

🌐 Crypto firms consider geofencing
🇨🇦 Gemini exits Canadian market
🇳🇱 Dutch regulator warns of pump-and-dump schemes
🇪🇺 MiCA may cause crypto exodus to Middle East
🇦🇪 Dubai tightens crypto marketing rules

Thread 🧵👇

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🧵2/5 🇨🇦 Gemini to close all Canadian customer accounts by end of 2024, following new regulatory rules for crypto exchanges.

Our take: Another example of regulatory impact on crypto ops. Need balance between security and market participation.

🧵3/5 🇳🇱 Dutch AFM warns of crypto pump-and-dump schemes ahead of MiCA implementation.

Our take: Good to see regulators addressing sketchy practices. Like removing bad apples to preserve the whole batch!

🧵4/5 🇪🇺 MiCA may lead to crypto firm exodus to Middle East due to stricter regulations, says expert.

Our take: MiCA might challenge small crypto firms, but could be a win-win in the long run for the industry.

🧵5/5 🇦🇪 Dubai's VARA announces stricter rules for crypto investment marketing, requiring risk disclaimers.

Our take: Dubai's approach balances industry flexibility with customer protection. A refreshing regulatory stance.

That's a wrap for this week's Compliant Wednesday! 📜 What are your thoughts on these regulatory developments? Share your insights in the comments below. 💬

Full article is on Medium:

That's a wrap for this week's Compliant Wednesday! 📜 What are your thoughts on these regulatory developments? Share your insights in the comments below. 💬

Full article is on Medium: https://link.swisstronik.com/6gc

🧵1/5 🌐 Crypto founders consider geofencing to block users in specific locations, responding to US regulatory uncertainty.

Our take: Reflects lengths firms go to for compliance. Highlights need for clear, consistent legislation in the sector.