regulation | ForkLog

ForkLog 20 30.07.2024

Russia’s Central Bank Sets Date for Cryptocurrency Experiments

30 July 2024 | 17:17Update: On 30 July, the Russian State Duma passed a bill in its second and third readings establishing an experimental legal regime (ELR) that permits the use of cryptocurrencies in foreign trade. This was announced by Deputy Anton Gorelkin. From 1 September, the document grants the Bank of Russia the authority […]

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ForkLog 22 30.07.2024

SEC to Withdraw Demand for Solana and Other Assets to Be Recognized as Securities

The U.S. Securities and Exchange Commission (SEC) intends to seek amendments to its initial lawsuit against Binance. The proposal could potentially affect the need for a court decision on whether assets like Solana are considered securities. “The amendments will eliminate the need to render a verdict on the sufficiency of the allegations regarding these tokens […]

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ForkLog 13 26.07.2024

FSB Warns of Stablecoin Risks for Emerging Economies

The adoption of global stablecoins in emerging economies entails significant financial risks and regulatory challenges, according to a report by the FSB under the G20. Analysts highlighted the growing popularity of “stablecoins” in these countries, citing limited access to banking services, large remittance flows from developed nations, and the volatility of national currencies as reasons. […]

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ForkLog 21 26.07.2024

Elizabeth Warren Criticizes Foreign Miners in the US

Foreign-owned mining enterprises in the United States pose a potential danger and threaten national security, according to Senator Elizabeth Warren. She expressed this view. During Senate Banking Committee hearings, she described mining enterprises as an environmental “disaster.” “They are noisy, hot, and consume a lot of electricity, which can disrupt our energy system,” stated the […]

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ForkLog 8 25.07.2024

US Senator Proposes Bill to Include Bitcoin in National Reserves

US Senator Cynthia Lummis plans to introduce a bill mandating the Federal Reserve to incorporate Bitcoin into its foreign exchange reserves, according to sources cited by FOX Business. The Wyoming representative is expected to unveil her initiative at the upcoming Bitcoin Conference before a speech by presidential candidate Donald Trump. Lummis’s team anticipates his support. […]

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ForkLog 42 25.07.2024

Revolut Secures UK Banking Licence

Fintech firm Revolut Ltd. has secured a preliminary banking licence from UK regulators. This will allow the company to enter a mobilisation phase to test systems and gradually roll out new services. Once restrictions are lifted and a full licence is obtained, Revolut will become a fully-fledged online bank, able to offer overdrafts, loans, and […]

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ForkLog 97 24.07.2024

Franklin Templeton Hints at Solana ETF Launch

Asset manager and issuer of spot Bitcoin and Ethereum ETFs, Franklin Templeton, has mentioned Solana as one of the “other exciting and major developments” poised to advance the industry. Besides Bitcoin and Ethereum, there are other exciting and major developments that we believe will drive the crypto space forward. Solana has shown major adoption and […]

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ForkLog 9 24.07.2024

US Senate Opposes Increased Tax on Miners’ Energy Consumption

US Senator Cynthia Lummis has issued a report criticizing President Joe Biden’s administration’s proposal to impose a 30% tax on electricity consumed by miners. This was reported by Cointelegraph. The report highlights the benefits of critical Bitcoin mining infrastructure for the country’s energy system. Lummis cited data from the Bitcoin Energy and Emissions Sustainability Tracker, […]

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ForkLog 12 24.07.2024

Coinbase Seeks Court Order for Gensler’s Correspondence

Coinbase has filed a motion to compel the SEC and its chairman, Gary Gensler, to produce emails and internal documents underlying its legal battle with the agency, according to The Block. The Commission sued the platform in June 2023, accusing it of violating securities laws and operating without registration. The SEC also targeted Coinbase’s staking […]

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ForkLog 10 23.07.2024

Ethereum Options Market Shows Low Reversal Odds Post-ETF Launch

Ethereum options on the Deribit platform anticipate a positive response in the spot price following the commencement of trading in exchange-traded funds based on the second-largest cryptocurrency by market capitalization, reports CoinDesk. The day before, the SEC registered S-1 applications for spot Ethereum ETFs. Access to these products will be available from July 23. According […]

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ForkLog 17 23.07.2024

Crypto Firms Pin Hopes on a Second Trump Presidency

Bitcoin miners and cryptocurrency companies, previously hindered from going public in the US, stand to benefit from a second term of Donald Trump. This is according to Bloomberg. “Almost everyone in America will benefit if they choose to operate under new rules after their implementation,” says Christian Catalini, founder of the MIT Cryptoeconomics Lab. In […]

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ForkLog 23 23.07.2024

SEC Approves S-1 Filings for ETH-ETF; Trading Begins July 23

The SEC has approved S-1 filings for ETH-ETF, with trading set to commence on July 23. Experts do not anticipate a frenzy following the launch, citing risks of increased volatility and a potential Ethereum pullback. The U.S. Securities and Exchange Commission (SEC) has registered S-1 filings for spot Ethereum-ETFs, with trading of these products beginning […]

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