regulation | ForkLog

ForkLog 26 16.04.2024

US Senate Probes CFTC’s Ties with Bankrupt FTX

US lawmakers are investigating the relationship between the collapsed bitcoin exchange FTX and the Commodity Futures Trading Commission (CFTC). Senators Elizabeth Warren and Chuck Grassley have sent a letter to the agency’s head, Rostin Behnam. The politicians have requested that the CFTC chairman provide a full report by April 29 on communications and meetings with […]

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ForkLog 25 15.04.2024

Norwegian Authorities Move to Restrict Bitcoin Mining

The Norwegian government aims to put an end to cryptocurrency mining in the country, deeming it an undesirable activity, reports VG. “That is why we are proposing legislation that will regulate the data center industry for the first time,” stated Kariann Tung, head of the Ministry of Digitalization. Registration will require disclosure of the enterprise’s […]

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ForkLog 21 15.04.2024

IRS Anticipates Surge in Crypto-Related Crimes

The United States Internal Revenue Service (IRS) is bracing for a significant increase in cryptocurrency tax crimes. This was stated by the head of the agency’s criminal investigation department, Guy Ficco, in an interview with CNBC. The statements were made ahead of the April 15 deadline for U.S. citizens to file their tax returns. According […]

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ForkLog 25 15.04.2024

Hong Kong Regulator Approves Bitcoin and Ethereum Spot ETFs

The Hong Kong Securities and Futures Commission (SFC) has approved applications from Boshi International, HashKey Capital, China Asset Management, and Harvest Investment to launch spot Bitcoin and Ethereum ETFs. Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong […]

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ForkLog 29 11.04.2024

SEC’s Allegations Against Uniswap Spark DeFi Community Backlash

Uniswap has received a Wells notice from the SEC, potentially leading to a lawsuit. The exchange’s team expressed readiness to fight, deeming the regulator’s arguments weak. The community rallied in support of Uniswap and its founder, Hayden Adams. The largest decentralized exchange, Uniswap, has received a warning from the U.S. Securities and Exchange Commission (SEC) […]

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ForkLog 15 10.04.2024

US Treasury Seeks Expanded Cryptocurrency Oversight

The evolving use of cryptocurrencies for illicit purposes necessitates additional oversight tools for the US Treasury. This was stated by Deputy Secretary Wally Adeyemo during a Senate hearing. The official mentioned a network operated by Al-Qaeda for several years to raise funds in bitcoin via social media, and cryptocurrency donations to Hamas. “It is important […]

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ForkLog 17 09.04.2024

US Treasury Seeks to Regulate Foreign Bitcoin Exchanges

The US Treasury is advocating for an expansion of its powers to enhance oversight of cryptocurrency service providers, including foreign entities. This was stated by Deputy Secretary Adewale O. Adeyemo ahead of Senate hearings. According to him, malicious actors are constantly “seeking new ways to conceal identities and move assets.” He cited instances of cryptocurrencies […]

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ForkLog 28 06.04.2024

MakerDAO Founder Warns of Potential DeFi Challenges in the EU

Rune Christensen, the founder of MakerDAO, has indicated that European financial regulators are “highly likely” to interpret DeFi interfaces in a manner that would necessitate a MiCA license. Heard today that there’s a good chance all EU national financial regulators will interpret DeFi frontends to require a MiCA license. This would make DeFi frontends on […]

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ForkLog 53 05.04.2024

Paraguayan Senators Propose Temporary Ban on Bitcoin Mining

A group of Paraguayan senators has introduced a bill in Congress to temporarily ban cryptocurrency mining and related activities. According to the politicians, illegal digital asset mining operations are stealing electricity, leading to supply disruptions for the population. They have proposed a 180-day moratorium on the “installation of new crypto farms” and the “creation of […]

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ForkLog 18 03.04.2024

Lithuania to Implement Licensing for Cryptocurrency Firms

Lithuanian authorities plan to significantly reduce the number of cryptocurrency companies operating in the country by introducing mandatory licenses. This was reported by Bloomberg, citing Simonas Krėpšta, a member of the local central bank’s board. Currently, around 580 specialized firms are registered in the jurisdiction, many of which were established by citizens of other EU […]

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ForkLog 17 03.04.2024

Hester Peirce Criticizes SEC’s Regulatory Approach

Questions directed at the SEC regarding regulation often go unanswered, indicating a decline in genuine interaction between the Commission and the public. This was stated by Commissioner Hester Peirce, reports The Block. According to her, the agency’s staff lacks “bandwidth.” “The root of the problem is that the Commission does not encourage staff to offer […]

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ForkLog 22 02.04.2024

Coinbase Criticises Basel Committee’s Stablecoin Requirements

The Basel Committee on Banking Supervision’s requirements reveal an intent to significantly restrict banks’ holding and use of stablecoins. This is stated in comments from Coinbase on the organisation’s consultative document. “Many proposals are not based on the risks of stablecoins to the bank, but rather reflect other policy objectives that the Committee does not […]

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