In our “Regulation” section, we cover laws, policies, and regulatory decisions affecting cryptocurrencies and blockchain technologies worldwide. Here you will find updates on government actions, compliance requirements, and legal frameworks shaping the crypto market. Read the “Regulation” section on ForkNews to stay informed about how regulation impacts the digital asset industry.
According to local media, the Spanish Council of Ministers has approved an anti-fraud bill, according to which citizens undertake to declare every year the digital assets they own in the country and abroad. Thus, the regulator intends to prevent tax evasion in relation to cryptocurrencies that were not previously subject to regulation.
On Friday, the Cyberspace Administration of China published a bill that would require all blockchain organizations to censor information and require users to use their real names and identification codes when registering. According to the South China Morning Post, the regulator's bill is open for public comment until November 2.
The Paris-based global anti-money laundering organization believes that the time has come to tighten regulation of crypto assets and come to a unified global system of control over digital assets.
The new edition of the Russian cryptocurrency law abandoned “incomprehensible bitcoins” and “meaningless mining”, because these concepts do not fit into the country’s economy.
US Commodity Futures Trading Commission (CFTC) Commissioner Brian Quintenz spoke at the 38th Annual GITEX Technology Week in Dubai, warning developers about the consequences of creating "event contracts".
The outgoing chairman of the Hong Kong Securities Authority has lifted a ban on domestic cryptocurrency exchanges and instead proposed formal regulatory methods.
The Monetary Authority of Singapore is ready to help cryptocurrency companies that are having difficulty opening a bank account. Despite this, the financial regulator noted that it is not going to weaken existing laws in order to attract new firms.
A bipartisan group of senators in the United States is seeking to tighten sanctions against Venezuela and its Petro currency. The proposed sanctions would extend and strengthen the presidential order prohibiting US residents from providing any assistance to the Venezuelan government in its efforts to launch Petro.
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