regulation | ForkLog

ForkLog 12 21.12.2024

Potential Shift in Ukraine’s Cryptocurrency Market Regulator

The IMF has postponed the deadline for developing updated legislation on the regulation of virtual assets in Ukraine from the end of December 2024 to the end of February 2025. The responsibility for drafting the regulatory document remains with the NBU and the NSSMC.

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ForkLog 17 20.12.2024

German Regulator Orders World to Delete User Data

The Bavarian Data Protection Authority (BayLDA) has ordered World (formerly Worldcoin) to delete users’ personal data and implement a procedure allowing users to do so themselves. BayLDA has been examining the project’s operations since late 2022 due to risks to the personal information of EU citizens. According to officials, World has been “constantly working to […]

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ForkLog 24 20.12.2024

Uzbekistan’s Ministry of Justice Registers Licensing Fees for Bitcoin Exchanges

On December 17, Uzbekistan’s Ministry of Justice registered an internal document from the NAPP, setting the state fee for licensing cryptocurrency exchanges, exchangers, and mining pools in the country. According to the document, the fees are as follows: for exchanges — 73,400 BCV (27.5 billion soums or $2.1 million); for exchangers [referred to as crypto […]

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ForkLog 26 19.12.2024

Binance.US Plans to Reinstate US Dollar Trading in 2025 Revamp

In early 2025, Binance.US plans to resume cryptocurrency trading paired with the US dollar, according to a statement from the platform cited by Decrypt. In June 2023, the exchange halted dollar deposits and advised clients to withdraw fiat funds. The changes were attributed to the stance of banking partners, who intended to block USD withdrawal […]

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ForkLog 21 18.12.2024

Russia Conducts First Cross-Border Transactions with Digital Financial Assets and Plans QR Code for CBDC

In 2024, Russia conducted its first cross-border transactions with digital financial assets (DFAs), engaging in operations with Belarus. This was reported to Izvestia by Anatoly Aksakov, head of the State Duma Committee on Financial Markets. According to him, the DFA market is expected to experience a breakthrough next year, particularly in the realm of international […]

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ForkLog 18 18.12.2024

Bybit to Halt Withdrawals for French Users

The cryptocurrency exchange Bybit has informed its users in France of the cessation of all services from January 8, 2025. The company attributed this decision to changes in local legislation. Affected users have been advised to withdraw their assets before the service termination. After the withdrawal closure, all accounts with assets of 10 USDC or […]

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ForkLog 4 18.12.2024

Ohio Proposes Bitcoin Reserve Legislation

On December 17, a bill titled HB 703 was introduced to the Ohio House of Representatives, aiming to establish a Bitcoin reserve. The proposal was announced by its author, Republican Derek Merrin. ?Today, I filed HB 703 to create the Ohio Bitcoin Reserve within the state treasury! Provides state treasurer authority & flexibility to invest […]

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ForkLog 29 18.12.2024

US Senator Declares Cryptocurrencies the New ‘Wonder of the World’

The chairs of the US Senate Banking Committee and the House Financial Services Committee, Tim Scott and French Hill, will focus on cryptocurrency-related legislation in 2025, according to CoinDesk. “In my opinion, [digital assets] are the next wonder of the world,” Scott shared. At a Blockchain Association event, the lawmakers announced their collaboration with the […]

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ForkLog 17 16.12.2024

UK Regulator Considers Restrictions on Public Crypto Offerings

The UK’s Financial Conduct Authority (FCA) is proposing to restrict public offerings of crypto assets outside specialized trading platforms. Clear admissions, disclosures and market abuse rules will help improve the integrity of our crypto markets, while protecting people and supporting the UK’s growth and competitiveness. Find out more https://t.co/zB3e0xXkti#crypto #CryptoRegulation #FinancialRegulation — Financial Conduct Authority […]

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ForkLog 28 13.12.2024

Bitcoin Advocate French Hill to Lead US House Financial Services Committee

French Hill has been appointed as the chairman of the US House Financial Services Committee. He is known for his work on several cryptocurrency-related bills, reports The Block. The current committee head, Patrick McHenry, will step down at the end of the year. He played a pivotal role in advancing the stablecoin payment bill and […]

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ForkLog 8 13.12.2024

UK Regulators Urge Firms to Disclose Crypto Investments

The Bank of England and the PRA have requested data from companies under their supervision regarding their current and future investments in cryptoassets. According to the regulators’ announcement, the focus is on tokenized traditional assets, stablecoins, and unbacked cryptoassets as per the Basel prudential framework. This framework outlines capital management requirements for banks and classifies […]

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ForkLog 10 13.12.2024

US Groups Oppose SEC ‘Purge’ of Democrats

Over 40 organizations and associations in the United States have urged the Senate to confirm Democratic Party representative Caroline Crenshaw for another term as a commissioner of the SEC. “The reality of a bipartisan Commission is at stake. The incoming [Donald] Trump administration has indicated it is considering abandoning the tradition whereby the opposition party […]

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