regulation | ForkLog

ForkLog 6 05.04.2025

SEC Clarifies Legal Status of Stablecoins

The Corporate Finance Division of the U.S. Securities and Exchange Commission (SEC) outlined the characteristics of stablecoins that are not classified as securities. Crypto assets “designed and sold for use as a means of payment, money transfer, or value storage,” but not for investment purposes, are not considered securities. “The Division believes that the offer […]

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ForkLog 15 05.04.2025

Tether Unfazed by Potential USDT Ban in the United States

Should USDT fail to meet US stablecoin regulations, Tether plans to issue a new asset specifically for the American market. This was revealed by the company’s chief, Paolo Ardoino, to Decrypt. “We believe [USDT] is perfectly suited for emerging markets, but we can create a payment stablecoin that will operate in the US,” he noted. […]

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ForkLog 9 04.04.2025

Ukrainian Securities Regulator Envisions National Crypto Assets

The National Securities and Stock Market Commission of Ukraine (NSSMC) is developing a draft law on virtual assets, according to the regulator’s head, Ruslan Magomedov, in an interview with Interfax-Ukraine. He stated that “the likelihood of Ukrainian virtual assets emerging is very high with proper regulation.” Magomedov emphasized that the draft law “has been sitting […]

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ForkLog 16 03.04.2025

US House of Representatives to Vote on Stablecoin Regulation Bill

The US House Financial Services Committee has approved the framework bill STABLE Act for regulating “stablecoins,” which will now proceed to a vote in Congress. H.R. 2392, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025 passed Committee 32-17. pic.twitter.com/pvzTOfTTr1 — Financial Services GOP (@FinancialCmte) April 3, 2025 The document […]

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ForkLog 12 03.04.2025

South Korea Considers Opening Crypto Exchanges to Foreign Investors

South Korea may open its cryptocurrency market to foreign traders while tightening controls on money laundering. This was stated by Kim Seong-jin, head of the virtual assets department at the Financial Services Commission (FSC), according to local media. According to him, the regulator is exploring the possibility of easing restrictions on foreign market participants’ access […]

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ForkLog 7 03.04.2025

Russia Considers Confiscating Bitcoin for State Revenue

The Federal Bailiff Service of Russia (FSSP) is developing a mechanism for confiscating bitcoins to transfer them to state revenue. This was announced by the head of the department, Dmitry Aristov. He emphasized that the methodology for seizing cryptocurrencies is being developed based on a real criminal case, and digital gold is considered a “problematic […]

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ForkLog 7 02.04.2025

Coinbase Shares Plummet 35% Since Start of Year

Shares of the exchange Coinbase fell by 34.8% in the first quarter of 2025. This marks the company’s worst performance since the collapse of the trading platform FTX in November 2022. Annual chart of Coinbase stock prices. Data: Google Finance. At the time of writing, the stock price stood at $174.52, whereas at the beginning […]

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ForkLog 39 01.04.2025

Elon Musk to Step Down as Head of DOGE ‘on Schedule’

Elon Musk has stated that the Department of Government Efficiency (DOGE) under his leadership will complete most of the work required to reduce the deficit by $1 trillion “on schedule.” Watch the latest video at foxnews.com The DOGE project was initiated by the White House to optimize the federal budget. Musk was appointed as a […]

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ForkLog 8 31.03.2025

California Incorporates ‘Bitcoin Rights’ into Digital Assets Bill

In the state of California, USA, a revised bill on money transfers has been introduced, featuring amendments that ensure the protection of cryptocurrency owners’ rights. The document, presented on February 20, 2025, has been renamed “Digital Assets.” The author of the amendments, Democrat Avelino Valencia, included provisions for self-custodial storage and the legalization of cryptocurrencies […]

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ForkLog 22 29.03.2025

FDIC Permits Crypto-Related Activities Without Prior Approval

The Federal Deposit Insurance Corporation (FDIC) has allowed supervised financial institutions to engage in “crypto-related activities” without needing prior approval from the agency. The list of activities permitted by default includes providing custodian services, maintaining stablecoin reserves, issuing cryptocurrencies and other digital assets, market-making, participating in blockchain-based payment systems, and lending. Previously, those interested were […]

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ForkLog 7 29.03.2025

Mining Farm Discovered at Former Cannery in Dagestan

A large mining farm has been discovered in the village of Khadzhalmakhi, Dagestan, on the premises of a former cannery. This was reported by the acting director of “Dagenergo,” Arsen Gadzhiev. The site was found to have 89 devices illegally connected to the power grid. According to Gadzhiev, the miners operated around the clock, overloading […]

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ForkLog 38 28.03.2025

Galaxy Digital to Pay $200 Million in LUNA Settlement

Galaxy Digital has agreed to pay $200 million to settle claims by the New York Attorney General’s office (NYAG). The firm was accused of promoting the cryptocurrency LUNA and selling millions of tokens at a profit before its collapse. According to NYAG, since 2020, Galaxy Digital purchased LUNA at a discounted rate while simultaneously promoting […]

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