regulation | ForkLog

ForkLog 9 15.08.2024

Ukrainian MP Highlights Challenges in Bitcoin Market Legalisation

Ukrainian MP and co-author of amendments to the law “On Virtual Assets,” Yaroslav Zheleznyak, explained the reasons behind the delay in implementing cryptocurrency market regulations. According to him, the working group is striving to find a balance between adhering to AML standards, taxation, and creating business-friendly rules. “[It is unacceptable for our jurisdiction to be […]

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ForkLog 58 13.08.2024

SEC Accuses NovaTech of Operating a $650 Million Ponzi Scheme

The U.S. Securities and Exchange Commission (SEC) accused the founders and promoters of NovaTech of orchestrating a Ponzi scheme that amassed over $650 million in crypto assets. According to the statement, NovaTech Ltd., led by the couple Cynthia and Eddy Petion, raised funds from more than 200,000 investors worldwide. Charges were also brought against Martin […]

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ForkLog 19 09.08.2024

Bloomberg Predicts Launch of BTC-ETF Options in Q4

The SEC may register options for spot BTC-ETFs in the fourth quarter. The deadline for the decision is September 21, but further steps from the OCC and the CFTC will be required, according to Bloomberg analyst James Seyffart. We think the #Bitcoin ETF options happen in 4th quarter this year. Final deadline for SEC decision […]

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ForkLog 25 08.08.2024

Crypto Campaign Launched in Support of Kamala Harris

Supporters of the U.S. Democratic Party within the cryptocurrency industry have initiated the Crypto for Harris campaign to counter Donald Trump’s appeals to the sector. Eleanor Terrett of FOX Business reports. ?NEW from me: Democrats launch ‘Crypto for Harris’ campaign to counter Trump’s industry appeal The Democratic arm of the cryptocurrency industry is determined not […]

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ForkLog 21 08.08.2024

Court Reduces Ripple’s Fine from $2 Billion to $125 Million

A court fined Ripple $125 million in a protracted legal battle with the U.S. Securities and Exchange Commission (SEC). The regulator initially demanded $2 billion. Judge Analisa Torres also prohibited the fintech company from future violations of securities laws, citing a “reasonable likelihood of future violations.” Previously, Ripple sought to cap the fine at $10 […]

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ForkLog 26 07.08.2024

Arthur Hayes: Bitcoin’s Fate Unaffected by Harris or Trump

One can think and say the “right things” about transforming the financial system, but regardless of whether Harris or Trump becomes the next U.S. president, they will face resistance from TradFi. This was stated by former BitMEX CEO Arthur Hayes in an interview with DL News. The entrepreneur noted that all cryptocurrency companies’ donations to […]

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ForkLog 56 02.08.2024

Former Uphold CEO Backs Kamala Harris’s Presidential Aspirations

Board member and former CEO of the bitcoin exchange Uphold, J.P. Thieriot, has expressed support for U.S. Vice President Kamala Harris in her bid for the presidency, according to CoinDesk. Thieriot plans to raise funds and secure industry endorsement for her candidacy. This initiative aims to counteract the impact of recent positive comments about the […]

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ForkLog 28 02.08.2024

Bybit to Cease Operations in France

The Bitcoin exchange Bybit announced its withdrawal from the French market. Starting from August 2 at 8:00 UTC, local users will no longer be able to open or add new positions. All Bybit products are included in this restriction, according to the company’s release. All remaining positions are subject to liquidation after August 13 at […]

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ForkLog 20 01.08.2024

Russian Federation Council Committee Endorses Cryptocurrency Mining and Regulatory Sandbox Laws

The Federation Council Committee on Budget and Financial Markets has recommended that the upper house of parliament approve laws regulating cryptocurrency mining and permitting experimental legal regimes (ELR) in the financial market, according to TASS. The mining law proposes the creation of a registry for legal entities and individual entrepreneurs engaged in the sector. The […]

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ForkLog 18 31.07.2024

Senator Cynthia Lummis Proposes Bill for US Bitcoin Reserves

A forthcoming bill from Senator Cynthia Lummis aims to enable the United States to establish a reserve of the leading cryptocurrency, Bitcoin. This was reported by The Block, citing a draft document. According to the preliminary version, the initiative is titled the “Act to Stimulate Innovation, Technology, and Competitiveness through Streamlined Investments Nationwide 2024,” or […]

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ForkLog 25 30.07.2024

Russia Legalises Cryptocurrency Mining: Implications for the Industry

On July 30, the Russian State Duma passed a bill regulating cryptocurrency mining in the country during its second and third readings. The legislation will take effect on September 1. ForkLog discussed the new regulations and their impact on miners with industry experts. What Does the Bill Include? The bill defines terms such as “mining,” […]

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ForkLog 20 30.07.2024

Argentina Registers First Company with Bitcoin and USDC Capital

Argentina’s Ministry of Justice has registered a legal entity with a capital of 0.00457621 BTC and $194.99 in USDC. This marks the first instance following the adoption of the relevant regulation. According to Bitcoincom, Argentina’s Ministry of Justice reported that a company has been registered using cryptocurrency, the first in the country after a regulation. […]

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