regulation | ForkLog

ForkLog 7 06.06.2024

Hong Kong Regulator Chief Describes Bitcoin as an Alternative Financial Asset

Having weathered several cycles of booms and busts over 15 years, Bitcoin has demonstrated resilience as an alternative asset, according to a statement by Julia Leung, head of Hong Kong’s Securities and Futures Commission (SFC). She expressed disagreement with the assertions of “most central banks and economists” regarding the lack of intrinsic value in the […]

AI translated

ForkLog 16 06.06.2024

Mastercard Resumes Partnership with Binance

Payment system Mastercard has reinstated agreements with Binance regarding payments and deposits following the resolution of issues with US regulators, reports CoinDesk. Withdrawals and other functions will be available later, the company clarified. “After a comprehensive review of the stringent controls and processes implemented by Binance, Mastercard has decided to allow platform-related purchases within its […]

AI translated

ForkLog 5 06.06.2024

Gary Gensler: Ethereum ETF Applications Will Require Time for Review

The review of applications for spot ETFs based on Ethereum will take “some time,” according to Gary Gensler, the head of the SEC. ?NEW: @SECGov Chairman @GaryGensler says the next step in the $ETH ETF approvals “will take some time,” possibly indicating a potential slow-walk of the S-1 approval process. https://t.co/iwfN9vvmt8 — Eleanor Terrett (@EleanorTerrett) […]

AI translated

ForkLog 21 03.06.2024

Binance to Restrict Access to Certain Stablecoins in the EU

Cryptocurrency exchange Binance has alerted users to upcoming restrictions due to new stablecoin regulations coming into effect within the European Economic Area (EEA). Under upcoming MiCA rules some stablecoins will face restrictions as unauthorized stablecoins. Binance won’t delist any unauthorized stablecoins on spot but will limit their availability for EEA users only on certain products, […]

AI translated

ForkLog 11 03.06.2024

CBOE Australia to Launch Spot Bitcoin ETF Trading

On June 4, trading will commence for the spot Bitcoin ETF by Monochrome Asset Management on CBOE Australia. This follows the issuer’s receipt of an AFS license from the Australian Securities and Investments Commission, reports Cointelegraph. The Monochrome Bitcoin ETF (IBTC) is the first and only product based on the leading cryptocurrency to be registered […]

AI translated

ForkLog 15 01.06.2024

Biden Vetoes Resolution to Overturn SEC’s SAB 121

U.S. President Joe Biden vetoed a document that would allow regulated companies, including banks, to hold cryptocurrency on their balance sheets. The document in question is the Staff Accounting Bulletin 121 (SAB 121) from the U.S. Securities and Exchange Commission (SEC). “SAB 121 reflects the SEC staff’s considered view on the accounting obligations of certain […]

AI translated

ForkLog 11 30.05.2024

US Treasury Criticizes NFTs for Fraud Risks

The non-fungible token (NFT) sector is vulnerable to fraud and facilitates the laundering of illicit funds, according to a report by the US Department of the Treasury. The department conducted its first analysis and assessment of the NFT sector. The document states that such assets are often used to legalize illegal proceeds but are rarely […]

AI translated

ForkLog 20 29.05.2024

US Political Climate and Its Impact on the Cryptocurrency Market: Insights from Grayscale and TD Cowen

As the US presidential election approaches, voters are increasingly considering digital assets as investments, while the crypto industry anticipates significant legislative changes. A Grayscale survey revealed that 47% of Americans plan to include cryptocurrency in their portfolios. TD Cowen analysts suggest that political spending could enhance the chances of passing a stablecoin bill. A Pressing […]

AI translated

ForkLog 24 28.05.2024

EU Regulator Identifies MEV as Market Abuse

The European Securities and Markets Authority (ESMA) regards MEV as a clear example of market abuse under MiCA regulations. MEV is treated as clear example of illegal market abuse by EU draft standards specifying MiCA rules. ESMA (the EU Securities & Markets Authority) has recently published its third consultation package outlining its proposed technical standards […]

AI translated

ForkLog 19 27.05.2024

Argentina’s Regulator Engages with El Salvador on Bitcoin Adoption

The National Securities Commission of Argentina (CNV) exchanged experiences with the authorities of El Salvador regarding the regulation and adoption of the leading cryptocurrency. Roberto Silva and Patricia Boedo, the president and vice-president of CNV respectively, held a working meeting with Juan Carlos Reyes, head of El Salvador’s National Commission for Digital Assets (CNAD). In […]

AI translated

ForkLog 20 24.05.2024

SEC Approves Spot Ethereum ETFs: Key Developments

On May 23, the U.S. Securities and Exchange Commission (SEC) approved 19b-4 applications from issuers of spot exchange-traded funds based on Ethereum. The companies receiving approval include VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK Invest/21Shares, Invesco/Galaxy, and Bitwise. However, the regulator did not grant permission for Hashdex, whose application deadline expires on May 30. Trading […]

AI translated

ForkLog 19 23.05.2024

Ukraine’s Central Bank to Limit P2P Transactions for Individuals

NBU will impose restrictions on outgoing card-to-card transfers by individuals to combat shadow schemes. This was reported by Forbes, citing a statement from the deputy head of the regulator, Dmytro Oleynik. Currently, a limit of 30 outgoing transfers per month with a total amount not exceeding 100,000 hryvnias is under discussion. The NBU will finalize […]

AI translated

#regulation