regulation | ForkLog

ForkLog 12 23.08.2024

Australian Court Sides with Regulator in Case Against Kraken

The Federal Court of Australia has found Bit Trade, the local operator of the Kraken cryptocurrency exchange, guilty of failing to comply with legal requirements in offering margin trading. This was announced by the Australian Securities and Investments Commission (ASIC). On October 5, 2021, Bit Trade offered Australian clients trading on Kraken the “margin extension” […]

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ForkLog 12 23.08.2024

Plans for Two Cryptocurrency Exchanges Emerge in Russia

Russia is set to see the launch of two cryptocurrency exchanges—one based on the St. Petersburg Currency Exchange focusing on foreign economic activity, while a decision on the other remains pending. This information comes from sources cited by “Kommersant“. The second platform may be established in Moscow. It is yet to be decided whether it […]

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ForkLog 7 22.08.2024

Kamala Harris’s Campaign Signals Support for Cryptocurrency Industry

Democratic presidential candidate Kamala Harris intends to support the development of digital assets by crafting regulatory guidelines, according to her advisor Brian Nelson, reports Bloomberg. A representative from Harris’s team noted that if elected, she would create conditions for the “further growth of new technologies and industries of this kind.” Nelson emphasized that the administration […]

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ForkLog 20 22.08.2024

Lingo Telecom Fined $1 Million for Biden Deepfake Incident

The US Federal Communications Commission (FCC) has fined Texas-based telecommunications company Lingo Telecom $1 million for distributing deepfakes of President Joe Biden, according to a press release. In January, an unknown individual used artificial intelligence to mimic Biden’s voice and made a series of calls to voters in New Hampshire, urging them to boycott the […]

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ForkLog 23 21.08.2024

Tether to Launch UAE Dirham-Pegged Stablecoin

Tether has announced plans to develop a stablecoin pegged to the United Arab Emirates Dirham (AED). Tether to Develop UAE Dirham-Pegged Stablecoin Read more:https://t.co/dkiDAI0y15 — Tether (@Tether_to) August 21, 2024 The launch of the asset is planned in partnership with the local technology conglomerate Phoenix Group, supported by Green Acorn Investments. According to the statement, […]

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ForkLog 15 21.08.2024

Bloomberg Analyst Dismisses Chances of Solana ETF Approval in 2024

The likelihood of a Solana ETF being approved in the United States in 2024 is nil, as it is for 2025. Only a change in the leadership of the SEC could alter this scenario, according to Bloomberg analyst Eric Balchunas. Nice flow chart showing how the Solana ETF filings never made it past Step 2 […]

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ForkLog 15 20.08.2024

China Equates Bitcoin Transactions with Money Laundering

China’s Supreme Court has classified transactions involving “virtual assets” as a method of money laundering, enshrining this in law, according to local media. The transfer and conversion of illicit proceeds through digital transactions now fall under provisions prohibiting the “concealment of the source and nature of criminal proceeds and other benefits.” Offenders face fines ranging […]

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ForkLog 12 20.08.2024

SEC Questions Solana’s Status as a Non-Security

SEC has expressed concerns regarding Solana’s (SOL) status as a security during discussions with potential ETF issuers. This was reported by The Block, citing a source. Following discussions with the regulator, CBOE agreed not to register 19b-4 forms in the Federal Register. This would have initiated the approval process for products, putting time pressure on […]

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ForkLog 14 19.08.2024

Winklevoss Urges 50 Million US Crypto Investors to Support SEC Chair’s Ouster

Fifty million American cryptocurrency investors could pressure presidential candidate Kamala Harris to dismiss SEC Chair Gary Gensler before the November 5 election, according to Gemini co-founder Tyler Winklevoss. 50 million people in America own crypto. If all 50 million made it clear to Harris that she wouldn’t get their vote unless she fired @GaryGensler and […]

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ForkLog 8 16.08.2024

Doubts Arise Over Harris’s Support for Cryptocurrency

The absence of Democratic presidential candidate Kamala Harris from the Crypto for Harris event has led the community to question her support for the crypto industry, according to FOX Business. Journalists noted that the event did little to sway the skeptically inclined audience towards Harris, if that was indeed the goal. This conclusion was drawn […]

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ForkLog 17 15.08.2024

Binance Resumes Operations in India After Paying $2.2 Million Fine

Cryptocurrency exchange Binance has registered as a “reporting entity” with India’s Financial Intelligence Unit (FIU) and has resumed operations in the country. #Binance goes live in India ?? Binance is now registered as a reporting entity with India’s Financial Intelligence Unit, marking our 19th global regulatory milestone! Our website and app are now fully available […]

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ForkLog 9 15.08.2024

Ukrainian MP Highlights Challenges in Bitcoin Market Legalisation

Ukrainian MP and co-author of amendments to the law “On Virtual Assets,” Yaroslav Zheleznyak, explained the reasons behind the delay in implementing cryptocurrency market regulations. According to him, the working group is striving to find a balance between adhering to AML standards, taxation, and creating business-friendly rules. “[It is unacceptable for our jurisdiction to be […]

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