regulation | ForkLog

ForkLog 15 17.12.2021

Rostin Behnam Named Chair of the CFTC

The U.S. Senate approved President Joe Biden's nomination of Rostin Behnam to head the Commodity Futures Trading Commission (CFTC).

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ForkLog 15 16.12.2021

Experts say a Bitcoin ban in Russia would make little sense

If cryptocurrencies were fully banned in Russia, their holders would go underground, and the state would lose the ability to collect taxes from this market. This is the view expressed by experts interviewed by ForkLog.

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ForkLog 7 16.12.2021

US Senators urge Treasury to clarify the status of crypto brokers

As US senators urged Treasury Secretary Janet Yellen by the end of 2021 to provide informal guidance or information regarding the reporting requirements for crypto industry 'brokers' after the infrastructure plan was enacted.

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ForkLog 11 15.12.2021

ISDA moves to set standards for crypto derivatives

The International Swaps and Derivatives Association (ISDA) has begun developing global standards for derivatives tied to digital assets. The organisation recognised cryptocurrencies as a unique class of products.

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ForkLog 14 15.12.2021

Duma threatens Bitcoin miners with prison over electricity theft

State Duma deputy Andrei Lugovoy threatened to jail cryptocurrency miners for illegal connections to power grids.

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ForkLog 9 14.12.2021

Hester Peirce criticises SEC chair over cryptocurrency stance

SEC commissioners Hester Peirce and Elad Roisman said they were disappointed with the content of the regulatory agenda regarding the agency's chair Gary Gensler. The criticism stemmed from the lack of clarity on digital assets.

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ForkLog 16 14.12.2021

Gensler urges crypto exchanges to work with the SEC

Cryptocurrency exchanges perform more functions than merely facilitating trading, and may at times act against their clients. This is the view of SEC Chairman Gary Gensler, expressed in an interview with the Wall Street Journal.

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ForkLog 16 13.12.2021

Myanmar’s shadow government recognises USDT as an official currency

A group of supporters of the ousted Myanmar leader Aung San Suu Kyi has recognised Tether (USDT) as a means of payment. The parallel government has begun fundraising for a campaign aimed at toppling the military regime, Bloomberg reports.

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ForkLog 9 10.12.2021

Media: Crypto firms spent $5m lobbying in Washington in 2021

In the first nine months of 2021, cryptocurrency companies spent about $5 million lobbying the U.S. Senate. Half of that money was spent in the third quarter, and it was four times higher than the amount spent in the same period last year.

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ForkLog 7 10.12.2021

Nigeria urged to clarify cryptocurrency regulation

Uncertainty in cryptocurrency regulation risks depriving the government and citizens of the opportunity to maximise the technology's potential. This was stated by Nigeria's Minister of National Planning and Budget, Clem Agba, Bloomberg reports.

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ForkLog 9 10.12.2021

IMF warns of systemic risks from cryptocurrencies

The International Monetary Fund warned of systemic risks to financial stability from the growing cryptocurrency sector and urged comprehensive, coherent and coordinated regulation of the industry.

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ForkLog 8 09.12.2021

British MPs say Bitcoin is not an investment

British MPs told FCA chief Nikhil Rathi that buying Bitcoin and other cryptocurrencies is not an investment, and such formulations should not be used in relation to them, The Times reports.

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