regulation | ForkLog

ForkLog 66 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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ForkLog 33 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 […]

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ForkLog 25 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 […]

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ForkLog 18 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 […]

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ForkLog 44 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 […]

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ForkLog 15 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 […]

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ForkLog 34 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, […]

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ForkLog 29 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 […]

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ForkLog 40 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 […]

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ForkLog 35 22.03.2025

German Authorities Halt Sale of USDe Stablecoin

The German financial regulator BaFin has halted the sale of the USDe stablecoin issued by Ethena Labs, citing “serious deficiencies” and non-compliance with MiCA requirements. “BaFin has prohibited Ethena GmbH from further public offering of the USDe token and instructed the company to freeze the corresponding reserve assets with custodians,” the press release states. According […]

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ForkLog 61 22.03.2025

Tornado Cash Removed from OFAC Sanctions List

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has lifted economic sanctions on Tornado Cash. More than 100 Ethereum addresses have been removed from the sanctions list. According to the department’s statement, the decision followed a “review of new legal and policy issues” related to crypto businesses. The project was sanctioned by OFAC […]

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ForkLog 22 21.03.2025

Australia Unveils Digital Asset Regulation Strategy

The Australian Treasury has released a plan to develop cryptocurrency legislation in the country. It aims to create a regulated ecosystem that combines innovation with consumer protection. The relevant bill will be presented for public consultation this year. It will regulate exchanges and crypto custodians under existing financial services legislation. Companies are expected to be […]

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