regulation | ForkLog

ForkLog 7 26.07.2021

South Korea to Tighten Rules on Cryptocurrency Confiscation

South Korean lawmakers proposed confiscating cryptocurrencies from digital wallets of tax dodgers. Reuters, citing the Ministry of Finance.

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ForkLog 14 26.07.2021

Russian rights defenders urge regulation of facial recognition

Rights defenders called on Russian authorities to limit facial-recognition systems amid privacy threats and data leaks. The report was prepared by Agora's Net Freedoms project.

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ForkLog 12 26.07.2021

Financial Times reports several funds halt dealings with Binance

Several crypto funds ended cooperation with the Bitcoin exchange Binance after regulators in several countries raised concerns. The Financial Times reports.

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ForkLog 14 25.07.2021

Vermont Regulators Launch Probe into BlockFi’s Activities

Vermont securities regulators are examining the legality of BlockFi's BlockFi Interest Account (BIA) offering from the crypto-lending platform BlockFi.

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ForkLog 29 24.07.2021

Uniswap Labs restricted trading of 129 tokens through its interface

The company behind the leading decentralized exchange, Uniswap Labs, has halted trading of 129 tokens in its interface due to 'regulatory landscape changes'.

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ForkLog 13 23.07.2021

BlockFi to close investment round and push ahead with IPO amid regulatory pressure

BlockFi, the crypto-lending platform, plans to close its Series E round on July 27 at a valuation of around $4.75 billion and, 12–18 months later, to go public via an IPO. The plans are laid out in an investor presentation, CoinDesk reports. In June the company was targeting a valuation close to {{AOPEN_1}}to $5 billion{{ACLOSE_1}}. It was possible that the final figure would exceed this benchmark. The funding round is expected to be led by Dan Loeb's hedge fund Third Point and London's Hedosophia. Other investors include Coinbase Ventures, Tiger Global and Bain Capital. The outlet contends that BlockFi's decision to move the IPO from the second half of 2021 to a later date was made before frictions with regulators arose. Securities regulators in {{AOPEN_2}}New Jersey{{ACLOSE_2}}, {{AOPEN_3}}Alabama{{ACLOSE_3}} and Texas charged BlockFi with selling unregistered securities. In that capacity, regulators deemed BlockFi's crypto-savings accounts (BlockFi Interest Account) to be unregistered securities. On Twitter, the company said it is in dialogue with authorities and expects to prove regulators' arguments unfounded. BlockFi assured that clients will still have access to all BlockFi products, services and assets. 2/ BlockFi is fully operational for all existing clients everywhere in the world, and clients will continue to have access to all products, services, and assets on BlockFi. Previously, Coinbase, the bitcoin exchange, had listed its shares on the market. Following its lead could be Bullish, the cryptocurrency trading platform, and Circle, the startup behind USDC. Subscribe to the ForkLog channel on YouTube!

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ForkLog 9 23.07.2021

IRS to simplify reporting of income from crypto transactions

The new version of the US Internal Revenue Service (IRS) Form 1040 includes refined wording on the cryptocurrency-transaction question. Bloomberg Law experts surveyed say this will reduce ambiguity for taxpayers.

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ForkLog 12 22.07.2021

Robinhood doubles potential NYDFS penalty

The crypto-friendly platform Robinhood estimated the minimum possible costs of a 'principled settlement' of NYDFS claims at $30 million.

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ForkLog 15 22.07.2021

Alabama regulator accuses BlockFi of selling unregistered securities

The Alabama Securities Commission accuses the crypto-lending platform BlockFi of selling unregistered securities. The regulator gave the company a month to explain why the state should not shut down its operations.

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ForkLog 13 22.07.2021

FTX chief explains ‘divorce’ from Binance as a difference in business approach

The crypto-derivatives exchange FTX bought back the shares it had sold to Binance. In an interview with Decrypt, founder Sam Bankman-Fried explained that the move was necessary to increase flexibility and reflect differences in their approaches to running the business.

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ForkLog 14 22.07.2021

Hester Peirce criticises SEC policy on Bitcoin ETFs

SEC commissioner Hester Peirce lamented the United States' delay in approving a Bitcoin ETF. Forbes reports this.

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ForkLog 8 22.07.2021

Abkhaz authorities say they are in talks with Russia over electricity supplies for miners

The authorities of Abkhazia are in talks with Russia about electricity supplies to enable mining, according to Deputy Prime Minister and Economy Minister Kristina Ozgan.

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