regulation | ForkLog

ForkLog 6 26.04.2024

UK Police Granted Powers to Seize Cryptocurrency Without Arrests

The UK’s National Crime Agency and police have been granted powers to “seize, freeze, and destroy” cryptocurrency used by criminals. As part of investigations, law enforcement agencies will be able to confiscate passwords or memory cards and liquidate crypto assets if their return to circulation is deemed harmful to the public good. This particularly applies […]

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ForkLog 30 26.04.2024

ConsenSys Challenges SEC Over Ethereum Regulation

ConsenSys has filed a lawsuit against the SEC and five unnamed officials over the “regulation of ETH as a security.” According to court documents, the regulator has orchestrated a campaign “to seize control over the future of cryptocurrency” through enforcement actions. The company cited the Commission’s report and referred to statements made by its chairman, […]

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ForkLog 29 25.04.2024

US Congressional Initiatives Could Undermine Tether’s Dominance, Says S&P

A bill introduced in Congress regarding payment stablecoins could undermine Tether’s dominance, according to Standard & Poor’s, reports The Block. The document prohibits unsecured algorithmic “stablecoins” and introduces anti-money laundering mechanisms. The bill requires issuing firms to establish reserves of cash and equivalents in a one-to-one ratio to back the tokens. Experts believe its adoption […]

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ForkLog 29 24.04.2024

Hong Kong to Launch Bitcoin ETF Trading on April 30

Trading of the spot Bitcoin ETF, launched by Bosera Capital and HashKey Capital on the Hong Kong Stock Exchange, will commence on April 30. This information comes from firm representatives, as reported by Bloomberg. On April 15, the Hong Kong Securities and Futures Commission approved applications from Boshi International, HashKey Capital, China Asset Management, and […]

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ForkLog 29 23.04.2024

US Blockchain Associations Challenge SEC’s Regulatory Approach

The Blockchain Association (BA) and the Texas Crypto Freedom Alliance (CFAT) have filed a complaint against the SEC, accusing it of “capricious rulemaking” and “erroneous attacks” on the digital asset industry. The organizations seek to overturn the “Dealer Rule” due to various violations of the Administrative Procedure Act (APA) by the agency, which “prevent industry […]

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ForkLog 22 23.04.2024

US Presidential Candidate Proposes Moving Federal Budget to Blockchain

US presidential candidate Robert F. Kennedy Jr. has proposed transferring the federal budget to blockchain to enhance transparency. NEW: RFK Jr. says “I’m gonna put the entire US budget on blockchain” “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day.” “We’re gonna have 300 million […]

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ForkLog 37 22.04.2024

Thailand to Block Unauthorized Cryptocurrency Platforms

The Securities and Exchange Commission (SEC) of Thailand will forward information about unauthorized cryptocurrency platforms to a higher authority for subsequent blocking. This is stated on the regulator’s website. The decision was made on April 19 at a meeting of the government committee on preventing technology-related crimes. Local access will be restricted by the Ministry […]

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ForkLog 6 22.04.2024

Coin Center Criticizes US Stablecoin Legislation

The advocacy group Coin Center has opposed the revised bill on payment stablecoins, describing it as “unconstitutional.” The legislation prohibits unsecured algorithmic “stablecoins” and introduces anti-money laundering measures. It requires issuing firms to maintain reserves of cash and equivalents at a one-to-one ratio to back the tokens. If approved, the bill will empower federal and […]

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ForkLog 7 19.04.2024

SEC Maintains Firm Stance on Cryptocurrency Regulation

The regulatory landscape for digital assets in the United States remains complex, yet the SEC is likely to continue its relatively stringent approach. This is reported by Fortune, citing a statement from former head of the SEC’s cryptocurrency litigation division, Ladan Stewart. For over eight years, she dealt with legal matters at the SEC, including […]

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ForkLog 25 18.04.2024

Binance Secures Full License in Dubai and Eyes Return to India

The government of Dubai has granted a full Virtual Asset Service Provider (VASP) license to Binance Holdings following the former CEO of the exchange, Changpeng Zhao, relinquishing control over the platform in the jurisdiction. This was reported by Bloomberg, citing sources. April 18, 2024 | 13:39Update: Binance representatives have issued an official press release regarding […]

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ForkLog 10 18.04.2024

Grayscale Foresees Approval of Altcoin-Based ETFs

Within the next two to three years, the SEC is expected to approve spot exchange-traded funds based on cryptocurrencies other than Bitcoin and Ethereum. This prediction comes from David LaValle, head of Grayscale’s global ETF division, as reported by The Block. The topic was discussed by participants at a round table hosted by the NYSE […]

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ForkLog 20 17.04.2024

US Senate Receives Revised Stablecoin Bill

Democrat Kirsten Gillibrand of New York and Republican Cynthia Lummis of Wyoming have introduced a bill on payment stablecoins to the Senate, as reported by The Block. The document prohibits unbacked algorithmic stablecoins and implements anti-money laundering measures. The bill requires issuing firms to establish reserves of cash and cash equivalents in a one-to-one ratio […]

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