regulation | ForkLog

ForkLog 9 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 […]

AI translated

ForkLog 31 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 […]

AI translated

ForkLog 10 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 […]

AI translated

ForkLog 60 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 […]

AI translated

ForkLog 30 28.03.2025

EU Regulator Demands Full Coverage of Insurers’ Crypto Holdings

The European Insurance and Occupational Pensions Authority (EIOPA) has proposed a new requirement: insurers must hold capital equal to the full value of their investments in crypto assets. EIOPA aims to protect clients from the risks associated with the volatility of cryptocurrencies such as Bitcoin and Ethereum. The proposal is presented in a technical report […]

AI translated

ForkLog 22 28.03.2025

Nigeria Accuses Binance of Links to Terrorism and Kidnapping

Terrorists and kidnappers have used the Binance exchange to transfer funds, according to Nigeria’s Minister of Information, Alhaji Mohammed Idris, in an interview with DL News. He stated that the platform facilitated the financing of criminal activities, exacerbating the country’s security issues. “We have managed to find evidence linking Binance to terrorists and other criminal […]

AI translated

ForkLog 14 28.03.2025

Ukraine Proposes Cryptocurrency Market Regulation Model

The Financial Stability Council (FSC) held a meeting where one of the key topics was the regulation of the digital asset market in Ukraine. The meeting featured a presentation on the distribution of responsibilities between the main regulators — the National Securities and Stock Market Commission (NSSMC) and the National Bank of Ukraine (NBU). The […]

AI translated

ForkLog 41 27.03.2025

Kazakhstan Considers Establishing a Crypto Bank to Regulate the Sector

The possibility of establishing a crypto bank to legalise the digital asset market in Kazakhstan has been discussed. This was reported by the local publication Tengrinews. The initiative was proposed by Azat Peruashev, a deputy of the Majilis. He sent a request to Prime Minister Olzhas Bektenov, suggesting the development of a legal framework for […]

AI translated

ForkLog 13 27.03.2025

US Senate Backs Repeal of Data Collection Mandates for DeFi Platforms

The US Senate voted to repeal a cryptocurrency taxation rule that required DeFi platforms to collect and provide user data. A resolution introduced by Congressman Mike Carey and Senator Ted Cruz concerning the IRS regulation on “gross income reporting by brokers regularly providing services for the sale of digital assets” was endorsed by the House […]

AI translated

ForkLog 32 26.03.2025

Google Play Blocks 17 Cryptocurrency Exchange Apps in South Korea

The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission (FSC) reported the blocking of 17 foreign cryptocurrency exchanges on Google Play. Authorities expect this measure to prevent money laundering and potential harm to local users. The FIU confirmed that the requirement is linked to the “Act on Specific Financial Information.” Under this law, […]

AI translated

ForkLog 28 26.03.2025

SEC Concludes Investigation into Immutable

The U.S. Securities and Exchange Commission (SEC) has closed its case against blockchain game developer Immutable. The firm received a Wells notice in October 2024. The regulator’s claims concerned the company itself, its CEO, and the IMX ecosystem fund. “The SEC’s decision to conclude the investigation is a victory for all creators, innovators, and gamers […]

AI translated

ForkLog 37 26.03.2025

Potential SEC Chair’s Crypto Investments Unveiled

Donald Trump’s nominee for the chair of the SEC, Paul Atkins, holds shares in three cryptocurrency companies: Securitize, Anchorage Digital, and Off the Chain Capital. This was reported by Fortune, citing the politician’s income statement. The information was disclosed ahead of Atkins’ Senate confirmation hearing, scheduled for March 27. According to the documents, the nominee […]

AI translated

#regulation