regulation | ForkLog

ForkLog 36 10.01.2024

Binance and KuCoin Apps Removed from India’s App Store

Apple has removed ten apps of foreign cryptocurrency exchanges from the App Store in India following complaints from local authorities, reports CoinDesk. The affected platforms include Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. In late December 2023, India’s Financial Intelligence Unit accused these exchanges of operating without registration and violating anti-money […]

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ForkLog 19 09.01.2024

Blockchain Association Criticizes Elizabeth Warren’s Proposal

The non-profit organization Blockchain Association (BA) has opposed U.S. Senator Elizabeth Warren’s proposal for increased scrutiny of government employees joining cryptocurrency companies, reports The Block. The group’s statement responds to Warren’s December letter, in which she accused BA and other industry companies of employing a “not-so-secret weapon” in the form of former Department of Defense […]

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ForkLog 5 09.01.2024

Ukraine’s Digital Ministry Affirms Bitcoin’s Safety for Economy

Legislative proposals from the National Securities and Stock Market Commission of Ukraine and the Ministry of Digital Transformation do not recognize cryptocurrencies as a means of payment and pose no threat to the traditional economy. This was stated by Deputy Minister of Digital Transformation for IT Development, Alexander Bornyakov. Despite differences in the bills, both […]

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ForkLog 15 09.01.2024

Gary Gensler Warns of Bitcoin Risks Ahead of ETF Decision

Gary Gensler, the head of the SEC, has cautioned about the volatile nature of crypto assets. His thread appeared two days before the decision on spot Bitcoin ETFs. 1⃣ Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws. Investors in crypto asset securities should understand they may be […]

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ForkLog 28 08.01.2024

Bitcoin Recognised as a Unit of Account in Honduras

The Próspera economic zone in Honduras has officially recognised bitcoin as a unit of account. This means businesses and residents can set prices for goods and services in the digital currency. En @ProsperaZEDE creemos en el derecho a la libertad financiera y la libertad monetaria. Las personas deben ser libres de realizar transacciones, llevar su […]

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ForkLog 18 04.01.2024

Cryptocurrency Regulation in 2023: Bitcoin ETFs, MiCA, and Binance Challenges

In 2023, U.S. authorities took significant steps toward regulating the cryptocurrency industry. Major exchanges such as Binance, Coinbase, Kraken, and Gemini faced scrutiny. However, there were also positive developments. Ripple won its case against the SEC, and the market saw renewed growth in anticipation of the approval of the first U.S. spot Bitcoin ETF. ForkLog […]

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ForkLog 8 29.12.2023

Crypto taxes included in Ukraine’s National Revenue Strategy

The Ukrainian government has approved the National Revenue Strategy for 2024-2030. Among other provisions, it envisages regulating the circulation of virtual assets.

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ForkLog 20 29.12.2023

China’s authorities warn against using USDT

The Supreme People's Procuratorate of China issued a notification in which it deemed the use of USDT in cross-border currency operations illegal.

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ForkLog 12 29.12.2023

Indian regulator issues warning to nine bitcoin exchanges

The regulator accused a number of major crypto exchanges of operating without registration and violating anti-money laundering and counter-terrorism financing laws.

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ForkLog 8 28.12.2023

Milei proposes declaring crypto assets for taxation.

Declaring crypto assets could provide favourable tax rates for citizens and legalise the use of digital currencies, regardless of their origin and storage location.

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ForkLog 7 25.12.2023

Japan to scrap tax on unrealised crypto profits

Japan's Cabinet approved a bill that would exempt companies from paying tax on unrealised profits from deals with digital assets.

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ForkLog 10 25.12.2023

Nigerian central bank lifts ban on cryptocurrency trading

The Central Bank of Nigeria has lifted the ban on cryptocurrency operations and said that the market should be regulated.

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