regulation | ForkLog

ForkLog 14 20.01.2025

Phuket to launch a crypto-payments sandbox

A sandbox allowing cryptocurrency payments will launch on the Thai island of Phuket in October, former prime minister Thaksin Shinawatra said, the Bangkok Post reported. High-risk cryptocurrencies will be excluded. According to the former official, Thailand is ready to move to digital assets, and liberalisation of the regulatory regime in the United States after the […]

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ForkLog 11 17.01.2025

Tether weighs expanding its US operations

USDT issuer Tether is considering expanding its US operations amid hopes for a friendlier crypto policy in the country, the company’s head Paolo Ardoino said in an interview with Bloomberg Television. “I do not rule out that Tether could move somewhat closer to having a presence in the US, but we are also doing this […]

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ForkLog 34 17.01.2025

Binance cleared to operate in Uzbekistan via a local partner

Crypto exchange Binance and Uzbekistan’s NAPP have signed an agreement for the platform to operate in the country via a local partner — Coinpay. In November 2023 Coinpay obtained a digital-asset service provider licence. It will use its website to provide Uzbekistan residents with access to Binance. “Users will be able to deposit and withdraw […]

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ForkLog 26 17.01.2025

US Treasury nominee opposes a CBDC

Scott Bessent, the nominee for US Treasury secretary, spoke out against introducing a CBDC. “I do not see any point for the United States to have a central bank digital currency. In my opinion, a CBDC is intended for countries that have no other investment alternatives,” he said at a Senate hearing. Bessent — co-founder […]

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ForkLog 23 17.01.2025

Cynthia Lummis accuses FDIC of hiding crypto-oversight documents

The Federal Deposit Insurance Corporation (FDIC) could face criminal prosecution if it did in fact destroy documents related to crypto oversight, according to a letter from Wyoming senator Cynthia Lummis. The FDIC is attempting to hide Operation Chokepoint 2.0 and the FDIC must preserve all documents related to digital assets immediately. Tim Scott and I […]

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ForkLog 28 15.01.2025

CFTC set to weigh probe into Crypto.com’s sports-betting futures

CFTC has questioned the legality of Crypto.com’s futures contracts that let users wager on sports events, Bloomberg reported, citing anonymous sources. The five commissioners are to vote on whether to open a 90-day probe into potential breaches of gambling laws. A Crypto.com representative told Bloomberg the agency had not notified the company of its plans. […]

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ForkLog 48 15.01.2025

Gary Gensler says he ‘never called’ bitcoin or Ethereum securities

The SEC has never asserted that bitcoin or Ethereum are securities, outgoing chair Gary Gensler told Yahoo Finance. Reporter Jennifer Schonberger noted that this status even became the subject of legal proceedings during the approval of spot crypto ETFs. She also asked whether Gensler had wanted a different outcome on the applications. “My predecessor [Jay […]

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ForkLog 28 13.01.2025

Trump weighs crypto advisory council of “two dozen” CEOs, Bloomberg reports

Donald Trump’s administration is considering candidates for a cryptocurrency advisory council drawn from the chief executives of key industry firms, Bloomberg reports, citing anonymous sources. The council is expected to begin work after Trump’s inauguration in late January. It would include “two dozen” selected industry representatives, who could influence administration decisions and help lawmakers develop […]

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ForkLog 42 13.01.2025

Indian crypto exchange Mudrex temporarily suspends crypto withdrawals

Indian crypto exchange Mudrex warned users of a temporary suspension of crypto withdrawals, the company said in a blog post. “To enhance the security of our platform and protect it from bad actors, we have decided to temporarily suspend cryptocurrency withdrawals until 28 January 2025,” Mudrex said. The exchange attributed the move to upgrades needed […]

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ForkLog 8 10.01.2025

Bybit suspends services in India

The cryptocurrency exchange Bybit warned of temporary restrictions for users in India. They take effect on 12 January. According to the notice, clients will be unable to open accounts, trade cryptocurrencies or use other products. The firm said the move reflects its desire to operate “in full compliance with all applicable rules and regulations”. “In […]

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ForkLog 76 10.01.2025

CFTC seeks Coinbase customer data in Polymarket probe

Coinbase warned users that it had received a request from the CFTC for customer data, Ethereum commentator Eric Conner reported. Biden’s CFTC is subpoenaing customer info from @coinbase in their case against @Polymarket pic.twitter.com/YlCdUPwHs7 — eric.eth (@econoar) January 8, 2025 According to the exchange, the Commission issued a formal demand to disclose “general information” on […]

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ForkLog 55 10.01.2025

Cynthia Lummis to chair Senate subcommittee on digital assets

The US Senate Banking Committee has preliminarily approved Senator Cynthia Lummis to chair the subcommittee on digital assets. Senate Banking subcommittee on digital assets has the following GOP members, per internal planning doc: Lummis (Wyo)- ChairMoreno (Ohio)Tillis (NC)Hagerty (Tenn)McCormick (Pa.) — Brendan Pedersen (@BrendanPedersen) January 9, 2025 The panel will also include several crypto-friendly lawmakers […]

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