regulation | ForkLog

ForkLog 11 16.08.2022

EU to create a single cryptocurrency regulator

EU authorities will create a new regulatory body AMLA, tasked with direct supervision of crypto businesses. This is stated in the EU's sixth directive on anti-money laundering (AMLD6), The Block reports.

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ForkLog 8 16.08.2022

South Korean authorities study banks’ role in $6.5 billion kimchi premium arbitrage

In July, the FSS began an investigation into alleged facilitation by local banks of overseas transfers to crypto exchanges worth $6.5 billion, linked to the 'kimchi premium'. Cointelegraph reports.

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ForkLog 10 16.08.2022

Chinese tech giants share details of their algorithms with regulators

Chinese tech giants have shared details of their algorithms with regulators in the country.

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ForkLog 17 12.08.2022

Philippine central bank imposes three-year moratorium on crypto firms’ registrations

Central Bank of the Philippines (BSP) has suspended for three years the consideration of applications and the issuance of licenses for providers of virtual asset services (VASP). This is stated in the memorandum.

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ForkLog 8 12.08.2022

Indian authorities freeze Vauld assets worth $46 million

The Enforcement Directorate of the Indian Ministry of Finance blocked Vauld, the crypto-lending platform, from accessing assets valued at 370 crore rupees (~$46 million). This was reported by India Today.

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ForkLog 7 12.08.2022

US to regulate surveillance technologies and algorithms

The U.S. Federal Trade Commission launched a rulemaking procedure on surveillance technologies, algorithms, and data security.

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ForkLog 7 11.08.2022

CFTC and SEC approve new reporting requirement for crypto funds

The U.S. Commodity Futures Trading Commission (CFTC) has approved a joint rule with the SEC. It will require hedge funds with AUM over $500 million to report on cryptocurrency-related risks.

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ForkLog 11 09.08.2022

US court denies AI inventorship

A US federal district court confirmed that AI systems cannot patent inventions because they are not human.

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ForkLog 13 08.08.2022

Crypto.com secures digital-asset service provider licence in South Korea

Crypto.com has acquired payment-services provider PnLink and digital-asset provider OK-BIT with the corresponding licences from South Korean regulators.

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ForkLog 9 04.08.2022

Binance-owned Indian exchange WazirX suspected of laundering $350 million

The Enforcement Directorate (ED) of India's Finance Ministry is examining the operations of WazirX, the Binance-owned cryptocurrency exchange. According to The Economic Times, the agency says the platform is involved in currency-rule violations and money laundering totaling 2790 crore rupees (over $350 million).

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ForkLog 6 04.08.2022

Sam Bankman-Fried backs bill to transfer crypto-market oversight to the CFTC

FTX CEO Sam Bankman-Fried praised the bill under consideration by the US Congress to grant regulatory authority over the cryptocurrency market to the CFTC.

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ForkLog 8 01.08.2022

UK regulator excludes cryptocurrencies from new advertising rules

The UK Financial Conduct Authority (FCA) has approved stricter rules to curb misleading advertising related to high-risk investment products, according to a press release.

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