regulation | ForkLog

ForkLog 7 23.10.2024

Gensler Affirms SEC’s Stance on Cryptocurrency Regulation

SEC will maintain its approach to regulating digital assets through enforcement actions, according to the agency’s chair, Gary Gensler, in an interview with Bloomberg. “For nine decades, we have benefited from robust laws from Congress and rules from various agencies […] that help promote markets — protect investors and facilitate capital formation. We will continue […]

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ForkLog 13 23.10.2024

Saylor’s Bitcoin Bequest Criticized by Buterin

MicroStrategy founder Michael Saylor intends to leave his bitcoins to humanity after his death, following the example of Satoshi Nakamoto. “I am single, I have no children — someday I will be gone. Just as Satoshi left the universe 1 million BTC, I will leave civilization everything I have,” the bitcoin maximalist stated. The entrepreneur […]

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ForkLog 11 18.10.2024

UAE to Establish Legal Framework for DAOs

The UAE plans to introduce a legal framework for decentralized autonomous organizations (DAOs) within the RAK DAO. This was reported by Cointelegraph, citing a letter from the law firm NeosLegal. The presentation and discussion of the new regime with representatives of the free economic zone is scheduled for October 25. Irina Heaver, a partner at […]

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ForkLog 13 18.10.2024

Russian Exchanges to Disclose Crypto Investor Data

Russian cryptocurrency exchanges will be required to store all information about cryptocurrency owners for at least five years and provide it to law enforcement or other state agencies upon request, reports Parliamentary Newspaper. The relevant set of documents has been prepared by Rosfinmonitoring and may be adopted by the end of the year. “Worldwide, numerous […]

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ForkLog 14 18.10.2024

SEC Seeks Reconsideration in Ripple Case

The United States Securities and Exchange Commission (SEC) has taken steps to appeal previous court decisions regarding the distribution of Ripple’s XRP token. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed the Civil Appeal Pre-Argument Statement (Form C) with attachments.https://t.co/LpSFIjMZhC — James K. Filan ???? (@FilanLaw) October 17, 2024 The agency submitted a Civil […]

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ForkLog 13 17.10.2024

Russia’s Central Bank Anticipates Initial Crypto Payment Trials by Year-End

The Bank of Russia remains optimistic about conducting initial experimental international cryptocurrency transactions by the end of the year, reports Interfax, citing Central Bank head Elvira Nabiullina. Speaking with journalists on the sidelines of the Finopolis-2024 forum, the official noted that “there is interest from participants.” However, since the experimental legal regime (ELR) pertains to […]

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ForkLog 7 16.10.2024

Coinbase Observes Cryptocurrency Market Reaching ‘Maturity’

In 2024, the digital asset market has reached ‘significant maturity’ due to increased trading volumes and on-chain activity, alongside billions of dollars flowing into crypto ETFs. This is highlighted in a report by Coinbase and Glassnode. Experts noted the accelerated popularization of stablecoins and Layer 2 solutions for the second-largest cryptocurrency by market capitalization. In […]

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ForkLog 21 16.10.2024

Kazakhstan to Ban Banks from Transferring Funds to Foreign Crypto Exchanges

The Agency for Regulation and Development of the Financial Market of Kazakhstan plans to prohibit banks from processing payments to crypto exchanges that are not participants of the Astana International Financial Centre. This is stated in the regulator’s resolution. The restrictions will also affect transactions to electronic and online casinos. Operators will be unable to […]

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ForkLog 18 16.10.2024

Canary Capital Seeks SEC Approval for Spot Litecoin ETF

The crypto investment firm Canary Capital has filed an S-1 application with the SEC to register a spot Litecoin ETF. The custodian and administrator of the product have not been specified. “Litecoin plays a leading role in the broader cryptocurrency ecosystem […] and is attractive to a wider range of institutional investors,” the document states. […]

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ForkLog 13 14.10.2024

UAE Central Bank Grants Preliminary Approval for Dirham-Based Stablecoin

CBUAE has granted AED Stablecoin preliminary approval to issue a dirham-based stablecoin, AE Coin, in accordance with the Payment Token Services Regulation. This was reported by Gulf Today. The firm has emerged as the frontrunner in the race to become the first issuer of a regulated stablecoin pegged to the local currency. If fully approved, […]

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ForkLog 8 11.10.2024

SEC Commissioner’s Critique: A ‘Disastrous’ Approach to Crypto Regulation

SEC Commissioner SEC Mark Uyeda stated on FOX Business that the regulator’s stance on digital assets is “a disaster for the entire industry.” The official acknowledged that the Commission’s approach was “wrong.” The agency should have provided clear guidelines before enforcement actions. “Our policy and approach over the past few years have simply been a […]

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ForkLog 7 10.10.2024

Gary Gensler Questions Cryptocurrencies as Payment Tools

Bitcoin and other cryptocurrencies are likely to be seen as stores of value rather than widely used payment instruments in the future. This was stated by SEC Chairman Gary Gensler, according to CoinDesk. “This is 3000 years of history. Hundreds of great nations, thousands of nation-states—we tend to have one currency. We are not even […]

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