regulation | ForkLog

ForkLog 13 14.12.2022

Compound accused of selling unregistered securities

A lawsuit has been filed in the U.S. District Court for the Northern District of California against the decentralized autonomous organization behind the lending platform Compound, its co-founder Robert Leshner, and venture investors backing the project, alleging the sale of unregistered securities.

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ForkLog 13 14.12.2022

FTX CEO accuses former executives of storing private keys unencrypted

FTX stored private keys without encryption. This is stated in the transcript of the testimony of the new CEO of the bitcoin exchange John Ray III before the US House Committee on Financial Services.

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ForkLog 10 14.12.2022

AIFC outlines preliminary results of pilot between Bitcoin exchanges and Kazakh banks

ForkLog spoke with Yagub Zamanov, director of the Department of Financial Technologies at the Astana International Financial Centre, about new rules for Bitcoin exchanges, local startups, and the FTX collapse.

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ForkLog 8 13.12.2022

Canada’s Regulators Tighten Oversight of Crypto Exchanges

The Canadian securities regulators (CSA) tightened the requirements for crypto firms after the collapse of FTX, extending them to include organizations registered in other jurisdictions.

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ForkLog 10 13.12.2022

Financial Stability Board to tighten crypto regulation

The G20's advisory body responsible for financial regulation will present proposals for regulating the cryptocurrency market with a concrete timeline for their implementation in early 2023, according to the Financial Times.

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ForkLog 17 12.12.2022

US Senator says there is no reason for cryptocurrencies to exist

The market for digital assets is not backed by anything and offers nothing, so there is no reason for it to exist. This was stated in an NBC interview by Jon Tester, a Democratic senator from Montana.

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ForkLog 13 12.12.2022

China bans deepfakes that threaten national security

The Cyberspace Administration of China published rules prohibiting the creation of deepfakes without the subject's consent or to harm national interests.

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ForkLog 7 12.12.2022

US congressman accuses SEC chair of failing to regulate the crypto industry

The chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is to testify before Congress on his approach to crypto regulation, according to Rep. Tom Emmer.

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ForkLog 11 08.12.2022

EU to require crypto firms to report customers’ account data to tax authorities

The European Commission plans to require providers of virtual assets (VASP) to share information about users’ accounts with national tax authorities.

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ForkLog 11 08.12.2022

Hong Kong crypto-service providers required to comply with AML rules

The Hong Kong Legislative Council approved amendments to the Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) laws, extending their application to virtual asset service providers (VASP) from June 1, 2023.

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ForkLog 13 08.12.2022

Japanese financial regulator recommends restricting algorithmic stablecoins

The Japanese Financial Services Agency (FSA) has recommended restricting the use of algorithmic stablecoins within the country, deputy foreign minister Tomoko Amaya said.

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ForkLog 10 08.12.2022

OSCE outlines details of project to curb illicit use of cryptocurrencies in Ukraine

OSCE and UNODC will propose amendments to existing legislation to counter money laundering using virtual assets.

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