regulation | ForkLog

ForkLog 9 30.08.2021

Illinois court to continue proceedings against Clearview AI

In Illinois, a court denied Clearview AI's motion to dismiss the suit filed under the Biometric Information Privacy Act (BIPA).

AI translated

ForkLog 17 30.08.2021

China sets out rules for tech firms’ use of recommendation algorithms

The Cyberspace Administration of China (CAC) unveiled a 30-point draft of rules on the use of algorithms by tech companies, Bloomberg reports.

AI translated

ForkLog 36 29.08.2021

Avanti, a crypto bank, applies for Federal Reserve membership

Avanti, the first cryptocurrency company to file for Federal Reserve member-bank status.

AI translated

ForkLog 15 27.08.2021

SEC to Track DeFi Transactions

The US Securities and Exchange Commission (SEC) has signed a deal with analytics firm AnChain.AI to monitor and regulate the decentralised finance (DeFi) sector, according to Forbes.

AI translated

ForkLog 10 27.08.2021

Cuba Paves the Way to Recognise and Regulate Cryptocurrencies

The Central Bank of Cuba may permit the use of cryptocurrencies in commercial transactions and license providers of virtual asset services. In its rationale, the regulator cited “socio-economic interests”.

AI translated

ForkLog 13 27.08.2021

China’s central bank warns investors that Bitcoin has no real value

Bitcoin and other cryptocurrencies are not legal tender in the People’s Republic of China and do not have real value, said Yin Yupin, deputy head of the department safeguarding the rights and interests of consumers of financial services at the People’s Bank of China.

AI translated

ForkLog 10 27.08.2021

US Congress Reconsiders Plan to Regulate Cryptocurrencies

A group of U.S. congressmen has reintroduced two bills that would require the CFTC to clarify regulation of the digital asset market.

AI translated

ForkLog 18 26.08.2021

Bitcoin ATM operators form alliance to bolster compliance standards

Bitcoin ATM operators DigitalMint and Coinsource, together with analytics firm Chainalysis, have formed the Cryptocurrency Compliance Cooperative (CCC). Its mission is to create a safe environment for consumers and to legitimise the crypto ATM industry.

AI translated

ForkLog 22 26.08.2021

Kyrgyz Cabinet Unveils Draft Regulation for Bitcoin Exchanges

The State Service for Regulation and Supervision of Financial Markets of Kyrgyzstan has developed a draft regulation governing cryptocurrency exchanges.

AI translated

ForkLog 13 25.08.2021

Thai authorities propose regulatory framework for crypto custodians.

The Securities and Exchange Commission of Thailand (SEC) opened public hearings on proposed amendments to the rules governing digital asset custodians.

AI translated

ForkLog 12 25.08.2021

Media: U.S. Treasury dispels crypto-industry fears over infrastructure plan provisions

The U.S. Treasury does not intend to broadly interpret the definition of 'broker' for crypto-industry participants, even if the infrastructure plan is adopted unchanged. CNBC reports, citing a Treasury official.

AI translated

ForkLog 10 24.08.2021

Bloomberg Analysts Forecast SEC Approval of Bitcoin ETF by End-October

Bloomberg analysts predicted that the U.S. Securities and Exchange Commission (SEC) would approve the Bitcoin ETF application by the end of October.

AI translated

#regulation