regulation | ForkLog

ForkLog 22 07.02.2024

SEC Establishes Oversight Rules for DeFi ‘Dealers’

The regulator has adopted amendments requiring DeFi sector participants to register as dealers. Many crypto players and officials have met the SEC amendments with criticism and confusion. The U.S. Securities and Exchange Commission (SEC) expanded the definition of a “dealer,” bringing more financial operations, including those involving cryptocurrencies, under its jurisdiction. Three out of five […]

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ForkLog 14 05.02.2024

Spain Proposes Seizing Crypto Assets for Tax Debts

Spain’s Ministry of Finance intends to enhance its oversight of crypto assets to enable their confiscation for settling tax debts, according to El Economista. The initiative is part of reforms to the General Tax Law. A Royal Decree that took effect on February 1 expanded the number of organizations authorized to collect taxes. Previously, only […]

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ForkLog 82 05.02.2024

What is Markets in Crypto-Assets (MiCA)?

What is MiCA? Markets in Crypto-Assets (MiCA) is a bill to regulate cryptocurrencies in the European Union. It sets rules that apply to issuers of unbacked digital assets and stablecoins, as well as trading and custody platforms. The document aims to protect investors and consumers across the EU’s 27 countries, and to foster transparency and […]

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ForkLog 10 02.02.2024

Thai Regulator Orders Zipmex to Halt Operations

The Securities and Exchange Commission (SEC) of Thailand has mandated the cryptocurrency exchange Zipmex to suspend trading of digital assets and brokerage services. ก.ล.ต. สั่งการให้ Zipmex ระงับการให้บริการเป็นศูนย์ซื้อขายและนายหน้าซื้อขายสินทรัพย์ดิจิทัลชั่วคราวhttps://t.co/N0cCYvcASM — ThaiSEC_News (@ThaiSEC_News) February 2, 2024 On January 12, the SEC required the platform to make changes to its structure for maintaining and managing liquid capital. However, at […]

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ForkLog 10 02.02.2024

Russia Proposes Amendments for Stablecoin Use in Foreign Trade

A group of deputies from the Communist Party faction has submitted a bill to the State Duma introducing the concept of a secured stablecoin and permitting its use in foreign trade transactions. The document is published in the parliamentary electronic database. The amendments are proposed for the law “On Digital Financial Assets” (“On DFA”) and […]

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ForkLog 17 01.02.2024

US Proposes Ban on AI-Powered Robocalls

The chairwoman of the US Federal Communications Commission (FCC), Jessica Rosenworcel, has proposed criminalizing phone calls that utilize artificial intelligence. Today we announced a proposal to make AI-voice generated robocalls illegal – giving State AGs new tools to crack down on voice cloning scams and protect consumers. https://t.co/OfJUZR0HrG — The FCC (@FCC) January 31, 2024 […]

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ForkLog 16 31.01.2024

Argentina Withdraws Crypto Asset Amnesty Bill

The Argentine authorities have abandoned a tax amnesty proposal for cryptocurrencies. The initiative would have allowed recognition of ownership rights and exempted assets valued up to $100,000 from tax consequences, according to Bitcoin.com. Under the proposal, assets exceeding this limit would be taxed at 15%. Its implementation could have reduced government administrative costs. The proposal […]

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ForkLog 9 29.01.2024

Experts Warn of Risks to the US from Delayed CBDC Development

The slow progress of the United States in the realm of central bank digital currencies (CBDCs) has allowed China, India, and the European Union to take the lead. This conclusion was drawn by analysts at the Atlantic Council. Over the past year, China has intensified its efforts with digital yuan, the ECB has moved to […]

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ForkLog 16 29.01.2024

Hong Kong Seeks Approval for Spot Bitcoin ETF

The Hong Kong branch of China’s asset management firm, Harvest Fund Management, has submitted a proposal to the Securities and Futures Commission (SFC) to launch a spot bitcoin ETF, according to Tencent News. The publication notes that the regulator may permit the listing of the product after the Lunar New Year celebrations conclude on February […]

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ForkLog 23 26.01.2024

FTC Probes Tech Giants’ Alliances with AI Firms

The Federal Trade Commission (FTC) has launched an investigation into Amazon, Microsoft, OpenAI, Anthropic, and Alphabet regarding their “investments and partnerships” in the field of generative artificial intelligence. In an executive order, the agency demanded that these companies provide relevant information. The initiative aims to assess the impact of these deals and their strategic implications […]

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ForkLog 13 25.01.2024

FSB to Address Cryptocurrency and AI Regulation in 2024

The Financial Stability Board (FSB) will focus on global standards for the digital asset industry and the regulation of artificial intelligence. This is outlined in the organization’s report on plans for 2024. According to the document, a key priority for the FSB will be “ensuring the effective implementation of a coordinated global regulatory framework for […]

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ForkLog 57 25.01.2024

SEC Delays Decision on BlackRock’s Spot Ethereum ETF

The SEC has postponed its decision on BlackRock’s spot Ethereum ETF application until March 10. SEC Chair Gary Gensler reminded that the approval of a spot Bitcoin ETF was limited to just one cryptocurrency. Optimistic experts anticipate Ethereum ETF approval in May with a 50-70% probability, while skeptics point to regulatory resistance. SEC has postponed […]

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