regulation | ForkLog

ForkLog 11 19.03.2025

Fintech and Crypto Firms Eye Banking Licenses for Growth

Fintech and cryptocurrency firms are considering acquiring banking licenses to expand their businesses, reduce borrowing costs, and enhance legitimacy, according to Reuters. These companies are examining the conditions to meet both federal and state-level licensing requirements. The initiatives are driven by expectations of regulatory changes following Donald Trump’s victory in the U.S. presidential election. Previously, […]

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ForkLog 6 18.03.2025

SEC to Reassess Crypto Custody Regulations

Acting Chair of the U.S. Securities and Exchange Commission (SEC), Mark Uyeda, has directed a review of the proposal to tighten cryptocurrency custody rules, reports The Block. He noted that the rule, introduced in February 2023 under the previous U.S. administration, faced significant objections from industry representatives. The proposal aimed to impose stricter requirements on […]

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ForkLog 25 15.03.2025

Pakistan Establishes Council to Promote Cryptocurrency

Pakistan’s Prime Minister, Shahbaz Sharif, has announced the formation of a special cryptocurrency council tasked with implementing regulations for digital currency. This was reported by the local publication The Express Tribune. The council will be chaired by Finance Minister Muhammad Aurangzeb, with his advisor Bilal bin Saqib serving as the executive director. Other members include […]

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ForkLog 13 14.03.2025

Ukraine Unveils Cryptocurrency Taxation Framework

The National Securities and Stock Market Commission of Ukraine (NSSMC) has proposed a model for cryptocurrency taxation. This was announced by the head of the regulator, Ruslan Magomedov. The initiative was presented at a meeting of the Verkhovna Rada Committee’s working group. The framework outlines the taxation process for digital assets across three key areas: […]

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ForkLog 25 14.03.2025

US Senate Banking Committee Backs Stablecoin Regulation Bill

The US Senate Banking Committee has approved a bill introduced by Senator Bill Hagerty to regulate stablecoins at the federal level. During the hearings, 18 votes were cast in favor and six against. The document will next be considered by the full upper chamber of Congress. During the committee meeting, some provisions of the bill […]

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ForkLog 10 14.03.2025

Congress Urges Halt to Bitcoin Reserve Plan

SBR will bring “no tangible benefits” and will only enrich President Donald Trump and his sponsors, according to a letter from U.S. Representative Gerald Connolly to Treasury Secretary Scott Bessent. The legislator, representing Michigan and the Democratic Party, is a member of the Committee on Oversight and Government Reform. Connolly emphasized that Trump did not […]

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ForkLog 27 12.03.2025

US Congressman Backs Stablecoin Legislation, Criticizes CBDC

On March 11, US Representative Tom Emmer spoke at a House Financial Services Committee hearing in support of legislation aimed at regulating stablecoins, while reiterating his criticism of the concept of a central bank digital currency (CBDC). He described CBDC as a “threat to American values” and emphasized the need for legislation that would prohibit […]

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ForkLog 25 12.03.2025

Cynthia Lummis Unveils Revised Bitcoin Reserve Legislation

Senator Cynthia Lummis has introduced an updated version of the Bitcoin Act in the U.S. Senate, which would allow the government to hold over 1 million bitcoins within a newly established cryptocurrency reserve. The proposal outlines that the U.S. will purchase 200,000 BTC annually over five years, reallocating current funds from the Federal Reserve and […]

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ForkLog 9 12.03.2025

US House Overturns IRS Rule on DeFi Data Collection

The US House of Representatives has voted to overturn an IRS rule that required DeFi platforms to collect and provide user data. This was announced by Congressman Mike Carey, who prepared the resolution alongside Senator Ted Cruz. ✅ Passed! ✅ The House just passed my bill to repeal the IRS DeFi Broker Rule in a […]

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ForkLog 14 11.03.2025

Trump to End Crypto Firms’ Banking Barriers, Reports Suggest

US President Donald Trump is set to sign an order aimed at removing barriers for crypto companies to access banking services, according to Decrypt, citing sources. In the community, the alleged plot by Joe Biden’s administration to debank industry players has been dubbed “Operation Chokepoint 2.0.” Bo Hines, Executive Director of the Digital Asset Markets […]

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ForkLog 57 10.03.2025

Kyrgyzstan Raises Capital Requirement for Bitcoin Exchanges to $100 Million

The Cabinet of Ministers of Kyrgyzstan has increased the minimum capital requirement for cryptocurrency exchanges from 100 million to 10 billion soms (from $1.14 million to $114.3 million), according to local media. Amendments were made to the resolution “On the Regulation of Relations Arising from the Circulation of Virtual Assets.” The document was signed by […]

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ForkLog 34 10.03.2025

Thailand’s Regulator Approves USDT for Trading and Payments

The Securities and Exchange Commission of Thailand (SEC) has recognized Tether’s USDT as a legitimate cryptocurrency, permitting the stablecoin’s listing on regulated platforms and its use in transactions. The new regulations will come into effect on March 16, 2025. They are designed to enhance business flexibility in the digital assets sector. The approval of the […]

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