regulation | ForkLog

ForkLog 57 06.05.2024

Turkey to Introduce Cryptocurrency Regulations by 2024

The Turkish government is expected to enact cryptocurrency-related legislation by the end of 2024, according to Cointelegraph. The publication noted that in January, Finance Minister Mehmet Simsek announced the completion of the regulatory framework. However, the document has yet to be submitted to parliament. In November 2023, an official stated the implementation of FATF rules […]

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ForkLog 29 06.05.2024

SEC Warns Robinhood of Potential Lawsuit

The cryptocurrency division of online broker Robinhood has received a warning from the U.S. Securities and Exchange Commission (SEC) regarding a potential lawsuit. The notice in question is a Wells notice, a letter indicating that the agency has found violations of securities laws and that the matter may proceed to court. “After several years of […]

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ForkLog 12 06.05.2024

Mainland China May Soon Access Bitcoin ETFs in Hong Kong

Bitcoin ETFs registered in Hong Kong may soon become accessible to investors from mainland China, according to Richard Byworth, managing partner at SyzCapital. I just got back from Hong Kong. There is talk that the ETF could be added to stock connect. The implications for this are absolutely enormous (basically means mainland money can buy […]

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ForkLog 23 03.05.2024

Nigerian Fintech Firms Warn Clients Against Cryptocurrency Transactions

Nigerian fintech companies Moniepoint, PalmPay, and Paga have cautioned clients against conducting cryptocurrency transactions through their services, threatening to block accounts. Users have shared relevant messages. MoniePoint will shut down your account and report you to the authority if you make any attempt to trade cryptocurrencies, NFTs, or other virtual assets via their platform. My […]

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ForkLog 29 02.05.2024

US Lawmakers Introduce Bill on Staking Taxation

Two US congressmen have introduced a bill to regulate the taxation of cryptocurrency staking income. The document, authored by Wiley Nickel and Drew Ferguson, is titled the “Digital Asset Tax Clarity Act.” “The US approach to digital asset rewards is overly complicated, leading to investor confusion, double taxation, and the relocation of American businesses abroad. […]

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ForkLog 27 02.05.2024

Uzbekistan Licenses Third Crypto Depository

The NAPP of Uzbekistan has granted a license to JAPAN DXT for operating as a crypto depository. This license enables the platform to issue, initially place, and store digital assets. JAPAN DXT has become the third licensed crypto depository in the country. In addition, NAPP has also authorized the operation of two exchanges and ten […]

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ForkLog 24 01.05.2024

Vienna Conference Calls for Regulation of AI Weapons

The world must establish a set of rules to regulate artificial intelligence-based weaponry while it is still in its infancy, according to participants of a global conference in Vienna, reports France 24 citing AFP. Experts believe AI, akin to gunpowder and the atomic bomb, has the potential to revolutionize warfare, making conflicts vastly different and […]

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ForkLog 22 01.05.2024

a16z Advises Startups Against Public Token Sales in the US

Startup founders should “avoid the US market at all costs” when conducting token sales. This advice comes from Miles Jennings, the chief legal counsel of the digital assets division at Andreessen Horowitz (a16z). “The SEC claims that almost every token must be registered under US securities laws,” he commented. According to Jennings, public and private […]

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ForkLog 23 30.04.2024

Stablecoin Legislation Could Eclipse Bitcoin ETF Launch, Says Expert

The adoption of a bill on payment stablecoins in the United States may surpass the significance of the approval of spot Bitcoin ETFs. This was stated by Bitwise CIO Matt Hougan, reports The Block. The expert noted the increased chances of the bill’s passage following statements from Maxine Waters, a member of the House Financial […]

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ForkLog 19 30.04.2024

Ukraine and Germany Forge Partnership for Cryptocurrency Oversight

NSSMC and BaFin have signed a memorandum to provide mutual assistance in financial sector investigations and exchange relevant information. The priority areas include: financial reporting requirements; alternative funds; non-state pension funds; fraud prevention; oversight of virtual assets; construction financing and investment funds in the construction sector. The National Commission described this partnership as “another step […]

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ForkLog 91 30.04.2024

Hong Kong Launches Spot Bitcoin and Ethereum ETFs

On April 30, the Hong Kong Stock Exchange (HKEX) officially commenced trading of six spot ETFs based on Bitcoin and Ethereum. The issuers are China Asset Management, Harvest Global, Bosera, and HashKey. The instruments have been assigned the following tickers: Bosera HashKey Bitcoin ETF (3008.HK); Bosera HashKey Ether ETF (3009.HK); ChinaAMC Bitcoin ETF (3042.HK); ChinaAMC […]

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ForkLog 12 29.04.2024

Thai Regulator Warns Bitcoin Exchanges Against Misleading Advertising

The Securities and Exchange Commission (SEC) of Thailand has reminded active cryptocurrency exchanges of the need to adhere to established advertising standards, according to the Bangkok Post. The regulator is concerned about the “special privileges” platforms offer to registered users. Authorities believe marketing campaigns should not push clients towards using the exchange’s services or investing […]

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