Regulatory Updates: Austria Enforces MiCAR, NZ Considers Retail Payment Rules
Austria has taken its first enforcement action under the EU's Markets in Cryptoassets Regulation (MiCAR), while New Zealand is consulting on regulations for retail payment systems. The US Securities and Exchange Commission (SEC) has proposed new rules governing cryptocurrencies.
The Austrian Financial Market Authority announced an enforcement action against an unnamed individual, marking the country's first move under MiCAR. Meanwhile, New Zealand's Reserve Bank is seeking feedback on proposed regulations for retail payment systems, which would govern transactions between consumers and financial institutions. The consultation period ends in September.
In related news, the US SEC has published a proposal to regulate digital asset securities, including cryptocurrencies like Bitcoin. The move aims to provide greater clarity for issuers and investors alike. The public comment period for the proposed rule change is open until October 10.