regulation | ForkLog

ForkLog 7 27.05.2022

Miners’ share of Russia’s energy consumption tops 2%

Mining accounts for more than 2% of Russia's total electricity consumption, underscoring the need to regulate the market, according to the Ministry of Industry and Trade.

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ForkLog 20 27.05.2022

US Congress to consider ban on the digital yuan in app stores

A group of Republican senators introduced to the US Congress a bill that would require app stores to exclude the use of the digital yuan (e-CNY), as well as any apps with such functionality.

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ForkLog 10 27.05.2022

Thailand extends VAT exemption for cryptocurrency transfers through the end of 2023

The Thai government has exempted transfers of digital assets involving licensed cryptocurrency exchanges from value-added tax. The rule will be in effect through the end of 2023, according to the Bangkok Post.

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ForkLog 46 26.05.2022

Binance expands its licence in Bahrain

On 24 May, the Central Bank of Bahrain (CBB) granted Binance a Category 4 licence to provide digital-asset services.

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ForkLog 11 25.05.2022

Bloomberg Warns of Tighter Crypto Regulation in Turkey

Turkish authorities are drafting legislation to tighten oversight of the crypto industry and are likely to introduce a tax on some transactions, Bloomberg reports citing government sources.

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ForkLog 22 25.05.2022

Kazakhstan backs new tax rates for miners in first reading

Kazakhstan's Majilis deputies (the lower house of parliament) backed in a first reading a bill to amend the Tax Code affecting mining taxation.

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ForkLog 11 25.05.2022

Opinion: SEC backing of clearing-model change could clear the way for a spot Bitcoin ETF

Approval of FTX's proposal to change the clearing model would lay the groundwork for listing a spot {{AOPEN_1}}bitcoin-ETF{{ACLOSE_1}}. Bloomberg analyst Eric Balchunas said.

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ForkLog 17 25.05.2022

U.S. banking regulator reaffirms cautious approach to cryptocurrencies

The Terra collapse confirmed the validity of the OCC's 'thorough and cautious' approach to cryptocurrencies within the U.S. Treasury, according to interim head Michael Hsu.

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ForkLog 17 24.05.2022

France’s central bank governor forecasts CBDC launch in the next three to five years

In the next three years a “strong” national digital currency will emerge worldwide. The forecast was given by France's central bank governor François Villeroy de Galhau, The Block reports.

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ForkLog 13 23.05.2022

Brad Garlinghouse calls for clear regulation of the crypto industry

Most participants in the cryptocurrency industry want to act in a regulatory-compliant way. This view was voiced by Ripple CEO Brad Garlinghouse during a panel discussion at the Davos forum, according to Cointelegraph.

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ForkLog 12 23.05.2022

ECB chief calls for regulation of cryptocurrencies

ECB chief Christine Lagarde said that cryptocurrencies are unbacked and should be regulated.

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ForkLog 8 20.05.2022

FCA urged to take TerraUSD collapse into account in regulatory work

The UK's Financial Conduct Authority (FCA) should “take into account” the recent volatility in the cryptocurrency market as it works on the regulatory framework for the industry, said Sarah Pritchard, the agency's executive director, in an interview with Bloomberg.

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