regulation | ForkLog

ForkLog 9 09.12.2021

British MPs say Bitcoin is not an investment

British MPs told FCA chief Nikhil Rathi that buying Bitcoin and other cryptocurrencies is not an investment, and such formulations should not be used in relation to them, The Times reports.

AI translated

ForkLog 27 09.12.2021

Crypto executives testify before the US Congress

On December 8, top executives of the cryptocurrency industry testified before the US House Financial Services Committee. Politicians' views were divided, but witnesses noted a high level of engagement from lawmakers.

AI translated

ForkLog 23 08.12.2021

U.S. Congress to discuss crypto exchanges, stablecoins and digital-asset regulation

On December 8, the U.S. House of Representatives will discuss with industry executives issues relating to Bitcoin exchanges, the issuance of stablecoins, regulatory issues surrounding digital assets, and the policy posture of federal agencies.

AI translated

ForkLog 19 08.12.2021

Australia outlines plans for CBDC issuance and crypto regulation.

Australia plans to issue its own digital currency while introducing rules for cryptocurrencies. This was stated by Treasurer Josh Frydenberg.

AI translated

ForkLog 7 08.12.2021

Bank of Thailand flags risks in banks’ trading of digital assets

The Bank of Thailand does not welcome local financial institutions engaging in cryptocurrency trading due to inherent volatility. The remarks were made by Chaiwadi Chai-Anant, senior director of corporate communications at the BoT, according to Bangkok Post.

AI translated

ForkLog 12 07.12.2021

Russian Bar Association Issues Guidance for Bitcoin Miners

Cryptocurrency mining activity carries a high level of risk. This was stated by Elena Avakyan, vice-president of the Federal Bar Association.

AI translated

ForkLog 10 07.12.2021

UK could exclude crypto investors from the depositor compensation scheme

Crypto investors may be excluded from the Financial Services Compensation Scheme (FSCS) in the United Kingdom. The corresponding proposal is contained in an FCA document published for public consultation.

AI translated

ForkLog 23 07.12.2021

US banking regulator warns of crypto adoption risks

DLT technology and digital assets, including stablecoins and cryptocurrencies, could broaden the reach of financial services, but banks should deploy such tools with caution. The OCC, within the U.S. Department of the Treasury, said in a semiannual risk perspective report.

AI translated

ForkLog 11 07.12.2021

Bloomberg reveals details of India’s cryptocurrency regulation

Indian authorities are weighing giving the financial regulator powers to oversee cryptocurrencies, Bloomberg reports, citing informed sources.

AI translated

ForkLog 13 07.12.2021

Japan proposes limits on stablecoin issuance

The Japanese Financial Services Agency (FSA) proposed imposing caps and restricting the list of stablecoin issuers to banks and money-transfer services. Nikkei reports, citing sources.

AI translated

ForkLog 20 06.12.2021

BIS says the decentralisation of DeFi protocols is an illusion

In decentralized finance (DeFi) there is a centralisation problem that policymakers can use to regulate the sector. This finding appears in BIS's new quarterly report.

AI translated

ForkLog 13 06.12.2021

Indian bank Kotak to partner with cryptocurrency exchange WazirX, reports say

Kotak, India's major commercial bank, announced a partnership with the bitcoin exchange WazirX amid ongoing discussions about regulation in the industry in the country.

AI translated

#regulation