regulation | ForkLog

ForkLog 27 13.12.2024

Texas Proposes Bitcoin Reserve, Sparking Interest in Other States

On December 12, a bill was introduced to the Texas House of Representatives proposing the creation of a strategic bitcoin reserve under the state government. Other American states are developing their own versions. #txlege #letsgo https://t.co/aupHskf1Qr — Giovanni Capriglione (@VoteGiovanni) December 13, 2024 “Arguably, the biggest enemy of our investments is inflation. A strategic bitcoin […]

AI translated

ForkLog 40 13.12.2024

Sygnum: Institutional Inflows to BTC-ETFs Boost Bitcoin by 3-6% per $1 Billion

Institutional capital exerts a “multiplicative effect” on Bitcoin: each $1 billion inflow into BTC-ETFs pushes prices up by 3-6%. This is according to a report from the regulated crypto bank Sygnum. Data: Sygnum. Growing interest from institutional investors is setting the stage for a “demand shock” in 2025. Analysts noted the potential for increased purchases […]

AI translated

ForkLog 19 12.12.2024

Brian Quintenz Emerges as Leading Candidate for CFTC Chair

Brian Quintenz, the Director of Policy at a16z Crypto, has emerged as the leading candidate for the position of Chairman of the U.S. Commodity Futures Trading Commission (CFTC), according to Bloomberg. The candidate has already undergone an interview, the agency noted, citing informed sources. Quintenz joined the cryptocurrency division of Andreessen Horowitz (a16z) in 2021 […]

AI translated

ForkLog 14 12.12.2024

Ukraine to End Tax Breaks on Bitcoin Transactions

An updated bill on the regulation and taxation of virtual assets is set to be ready for consideration in the first quarter of 2025, according to a statement by the head of the tax committee of the Verkhovna Rada, Daniil Hetmantsev, as reported by Ekonomichna Pravda. According to the deputy, the working group is finalizing […]

AI translated

ForkLog 12 12.12.2024

Vancouver City Council Explores Bitcoin Reserve Possibilities

The city council of Vancouver, Canada, has accepted the mayor’s proposal to explore the integration of Bitcoin into the financial system. #VanCityCouncil approves motion 3. Preserving of the City’s Purchasing Power Through Diversification of Financial Reserves – Becoming A Bitcoin Friendly City. — Vancouver City Clerk (@VanCityClerk) December 11, 2024 On November 26, municipal leader […]

AI translated

ForkLog 20 11.12.2024

India’s Central Bank Plans Transition to a CBDC-Based Economy

India is set to restructure its economy with a central bank digital currency (CBDC) as its foundation, according to Shaktikanta Das, the outgoing head of the Reserve Bank of India (RBI). The official reviewed the efforts to implement new technologies over the past six years. Initiatives included the establishment of an innovation hub in Bangalore […]

AI translated

ForkLog 10 11.12.2024

El Salvador and Argentina Forge Crypto Regulation Partnership

Regulatory authorities in El Salvador and Argentina have signed an agreement to collaborate on cryptocurrency regulation, as reported by CoinDesk. The agencies plan to exchange knowledge and experience in this sector. The document was signed by Juan Carlos Reyes, head of El Salvador’s National Commission for Digital Assets, and Roberto Silva, president of Argentina’s National […]

AI translated

ForkLog 16 11.12.2024

Ripple Secures Approval for RLUSD Stablecoin Trading

The New York Department of Financial Services has approved Ripple’s RLUSD stablecoin for trading, as announced by the company’s CEO, Brad Garlinghouse. This just in…we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first. — Brad […]

AI translated

ForkLog 15 10.12.2024

Hester Peirce Outlines SEC’s Post-Gensler Agenda

Known as “Crypto Mom,” SEC Commissioner SEC Hester Peirce outlined three key areas for improvement in digital asset regulation during an interview with Fox Business. Firstly, she believes the agency should cease attempts to restrict industry companies’ access to banking or custodial services. Peirce compared the Commission’s approach to the U.S. Justice Department’s Operation Choke […]

AI translated

ForkLog 20 10.12.2024

South Korea Delays Cryptocurrency Tax Implementation Until 2027

The South Korean government has postponed the introduction of new cryptocurrency taxes until 2027, according to a local Telegram channel. The tax in question is a 20% levy on profits from cryptocurrency transactions exceeding 2.5 million Korean won. Authorities have been working on the relevant amendment since 2020. Initially, the new tax was scheduled for […]

AI translated

ForkLog 13 09.12.2024

Czech Republic Eases Tax Burden for Bitcoin Holders

The Czech Republic has enacted legislation simplifying financial operations for crypto companies and introducing tax incentives for digital currency holders, reports DL News. 7 February 2025 | 14:29Update: On 6 February, Czech President Petr Pavel signed a law abolishing capital gains taxes on Bitcoin, reports CoinDesk, citing a representative from the country’s Ministry of Finance. […]

AI translated

ForkLog 18 09.12.2024

Iran to Regulate Cryptocurrencies to Circumvent Sanctions

The Iranian government plans to regulate cryptocurrencies by introducing additional rules rather than imposing direct restrictions. This was stated by the country’s Minister of Economy and Finance, Abdolnaser Hemmati, according to local media. According to the official, the authorities intend to mitigate the negative impact of crypto assets on the economy while harnessing their positive […]

AI translated

#regulation