regulation | ForkLog

ForkLog 31 19.05.2025

Russia Proposes Legislation on Cryptocurrency Confiscation and Tokenization

The Russian Ministry of Justice has drafted a bill recognizing cryptocurrencies as property for the purposes of seizure and confiscation, according to TASS, citing Deputy Minister of Justice Vadim Fedorov. “Simultaneously, it is proposed to establish special requirements aimed at ensuring its preservation. Taking into account the specifics of a particular [digital] currency, an investigator […]

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ForkLog 24 19.05.2025

Experts Clarify New Russian Central Bank Requirements for Digital Assets

The Bank of Russia has approved rules for the admission of foreign digital rights (FDR) to the Russian market. ForkLog sought explanations from experts. According to the new criteria, certain stablecoins may fall under restrictions. Only instruments similar to Russian DFA will be permitted. Assets linked to securities from unfriendly issuers are not allowed. FDR […]

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ForkLog 20 19.05.2025

Elton John Criticises UK’s AI Development Plan

British musician Elton John has labelled the proposed changes to copyright laws in the context of AI in the UK as “criminal” and accused officials of “stealing” from artists. “The danger is that young artists do not have the resources to continue checking and fighting against big tech. It’s criminal, and I feel incredibly betrayed,” […]

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ForkLog 109 17.05.2025

Russia’s Central Bank Tightens Digital Asset Regulations

The Central Bank of Russia has expanded the requirements for foreign digital rights (FDR) entering the market. The update aims to protect investors from risks associated with acquiring these instruments. From August 2024, such assets may circulate in the country alongside Russian DFA. The regulator’s directive sets additional criteria for FDR: they must not be […]

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ForkLog 9 16.05.2025

Duma Committee Endorses Gradual Introduction of Digital Ruble

The draft law for the phased introduction of the digital ruble into broad circulation has received approval from the Russian State Duma’s Financial Market Committee, according to Izvestia. The lower house will review the bill in a session on May 20. According to the publication, the regulator and institutions involved in the pilot are technologically […]

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ForkLog 14 16.05.2025

JPMorgan Predicts Bitcoin to Surpass Gold by Year-End

In the latter half of the year, the leading cryptocurrency is expected to continue its price ascent, outpacing gold, driven by corporate acquisitions and growing support from American states. These conclusions were drawn by JPMorgan, as reported by The Block. Experts referred to the implementation of the debasement trade strategy, which became relevant for both […]

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ForkLog 68 14.05.2025

Kazakhstan Eyes Potential Tax Windfall from Cryptocurrency Market

The advancement of mining and broader trading of digital assets could position Kazakhstan as a crypto hub and boost budget revenues. This was stated by the First Vice Minister of Digital Development, Innovations and Aerospace Industry, Kanysh Tuleushin, to local media. Modernizing the Energy System According to Tuleushin, miners could aid in modernizing the country’s […]

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ForkLog 9 14.05.2025

Former CFTC Commissioner to Lead Blockchain Association

Commissioner CFTC Summer Mersinger will step down on May 30. Starting June 2, she will assume the role of CEO at the nonprofit Blockchain Association. “She is the perfect leader for the association at a pivotal moment,” said Blockchain Association board president Marta Belcher. Mersinger’s departure marks the second change at the CFTC this month: […]

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ForkLog 32 14.05.2025

US Senators Urge Reassessment of Tax on Unrealized Crypto Gains

US Senators Cynthia Lummis and Bernie Moreno have called on the Treasury to exclude unrealized cryptocurrency gains from corporate tax calculations. Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors. @berniemoreno & I urged the @USTreasury to lift an unintended tax burden on U.S. digital asset companies. […]

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ForkLog 5 13.05.2025

Arizona Governor Rejects ‘Risky’ Cryptocurrency Bills

Arizona Governor Katie Hobbs vetoed two cryptocurrency-related bills, labeling them as ‘too risky’. The first rejected bill proposed the creation of a reserve fund from confiscated digital assets. Hobbs noted that she had already signed a law allowing the state to use cryptocurrency without risking the main budget. She stated that market volatility makes such […]

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ForkLog 7 13.05.2025

New York Mayor Reaffirms Ambition to Make City Global Crypto Capital

New York Mayor Eric Adams has reiterated his ambition to transform the city into the world’s crypto capital. The official made this statement ahead of the inaugural summit on digital assets, scheduled for May 20. “We are focused on the long-term values of these technologies […], rather than chasing memes or trends,” Adams stated. He […]

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ForkLog 32 12.05.2025

Zelensky Withdraws Cryptocurrency Bill: Reasons Revealed

The Office of the President of Ukraine has blocked the consideration of a bill regulating cryptocurrencies in the country, as reported by MP Yaroslav Zheleznyak on Telegram. According to him, President Volodymyr Zelensky has withdrawn the document from consideration indefinitely. “The bill disappeared from the Verkhovna Rada’s agenda after a meeting at the President’s Office. […]

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