regulation | ForkLog

ForkLog 101 21.04.2025

Kazakhstan’s Regulator Backs Unified Crypto Exchange Initiative

Kazakhstan’s National Bank plans to regulate cryptocurrency circulation nationwide by establishing a licensed national exchange. This was reported by local media, citing a statement from the regulator’s head, Timur Suleimenov. The new provider will replace unregulated foreign platforms, offering broader capabilities than the crypto projects currently available at the AIFC. These changes are expected to […]

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ForkLog 49 21.04.2025

Durov Denies Sharing Telegram Users’ Private Messages with Authorities

Telegram founder Pavel Durov criticized European authorities for promoting a law that introduces a so-called backdoor to end-to-end encryption, granting law enforcement access to users’ confidential data. He stated that it is technically impossible to ensure that only the police can access the backdoor. “Once implemented, the backdoor could be exploited by others—from foreign agents […]

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ForkLog 8 19.04.2025

Oregon Follows Gensler’s Lead with Lawsuit Against Coinbase

Oregon’s Attorney General, Dan Rayfield, has filed a lawsuit against the cryptocurrency exchange Coinbase, alleging violations of securities laws. Today the Oregon Attorney General is resurrecting the dead by bringing a copycat case of @SECGov‘s enforcement action against Coinbase. As a reminder, the SEC dismissed that case with prejudice. This type of political jockeying is […]

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ForkLog 19 18.04.2025

Slovenia Proposes 25% Tax on Cryptocurrency Transactions

Slovenia’s Ministry of Finance is considering the introduction of a 25% tax on profits from cryptocurrency transactions, as reported by official sources. The bill is currently under public discussion, which will conclude on May 5. According to the document, the tax will apply when digital assets are sold for fiat money or used to pay […]

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ForkLog 16 17.04.2025

Kyrgyzstan Launches Pilot for Digital Som

The President of Kyrgyzstan, Sadyr Japarov, signed amendments to the law “On the National Bank,” enabling the launch of a pilot project for a prototype of the national digital currency. According to the document, the digital som is recognized as legal tender within the country. The National Bank holds the exclusive right to issue it. […]

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ForkLog 13 17.04.2025

Binance Advises Nations on Establishing Bitcoin Reserves

Binance is advising several countries on the regulation of digital assets and is actively involved in developing strategies for forming cryptocurrency reserves. This was revealed by the company’s CEO, Richard Teng, in an interview with Financial Times. He noted that the United States sets the tone in the realm of crypto legislation under the leadership […]

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ForkLog 14 17.04.2025

Federal Reserve Considers Easing Cryptocurrency Restrictions for Banks

Regulators may “ease” requirements related to digital assets for financial institutions in the future, according to Jerome Powell, Chairman of the Federal Reserve. The official mentioned a “wave of failures and fraud” in the sector in recent years but noted the industry’s shift towards the “mainstream.” “We have taken a fairly conservative view. Other regulators […]

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ForkLog 9 16.04.2025

China’s Authorities Allegedly Sell Seized Cryptocurrencies Abroad

Local authorities in China are reportedly using private companies to sell confiscated cryptocurrencies overseas to bolster their budgets. This information comes from transactional and court documents cited by Reuters. The lack of clear regulations on how officials should handle seized cryptocurrencies has led to “inconsistent and opaque approaches.” Some legal experts fear this could foster […]

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ForkLog 23 16.04.2025

US Imposes Export Controls on Nvidia H20 Chips

The US government has mandated that Nvidia obtain a license to export its H20 chips to China and several other countries. As a result of the new restrictions, the company will incur expenses of approximately $5.5 billion for the financial quarter. The company’s shares reacted with a 6% drop. Data: Yahoo Finance. In 2022, the […]

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ForkLog 20 16.04.2025

Ethena Withdraws from German Market Amid Regulatory Concerns

Ethena Labs has announced its withdrawal from operations in Germany. We have agreed with BaFin to wind down all activities of Ethena GMBH and will no longer be pursuing the MiCAR authorization in Germany. As communicated previously, Ethena GmbH has not conducted any mint or redeem activity since March 21, 2025, and all activity has […]

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ForkLog 11 15.04.2025

Russia Approves Bitcoin Seizure for State Benefit

Russian authorities have agreed to implement a mechanism for the seizure of cryptocurrency in criminal cases, according to RBC, citing its own sources. Amendments to the Criminal and Criminal Procedure Codes, recognizing digital assets as property, have been approved by the government commission on legislative activities. The document outlines the procedures for investigators and establishes […]

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ForkLog 13 14.04.2025

US Senate Banking Committee Reviews 100 Days of Crypto Policy

Tim Scott, head of the US Senate Banking Committee, announced key achievements in crypto regulation during his first 100 days of leadership, as reported by Fox News. Among the main accomplishments, the politician highlighted the introduction of two bills: the GENIUS Act and the FIRM Act. Both are set for a Senate vote. The GENIUS […]

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