regulation | ForkLog

ForkLog 28 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 117 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 14 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 17 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 84 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 12 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 40 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 7 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 14 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 45 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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ForkLog 19 12.05.2025

US Senators Propose Ban on Cryptocurrency Promotion by Government Officials

Twenty Democratic senators in the United States have introduced a bill prohibiting the president, vice president, members of Congress, and their families from issuing or promoting cryptocurrencies. The initiative, titled the “End Crypto Corruption Act — 2025,” also targets executive branch employees, including Elon Musk, who heads the Department of Government Efficiency (DOGE). The document […]

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ForkLog 27 09.05.2025

Stablecoin Bill Stumbles in Key US Senate Vote

On May 8th, the stablecoin bill (GENIUS Act) failed to pass a crucial procedural vote in the US Senate. This occurred after several Democrats refused to bring the document to the floor of the upper chamber of Congress, reports Decrypt. Among those opposing were Ruben Gallego of Arizona, Mark Warner of Virginia, Lisa Blunt Rochester […]

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