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.
At the end of last week, the US Securities and Exchange Commission (SEC) received a letter authored by experts in the cryptocurrency and financial sector. Among them are Bitcoin Core developer Brian Bishop and former managing director of the Morgan Stanley banking holding company Caitlin Long. Together, they sound the alarm and warn about the consequences of the wrong approach and corporate adoption of cryptocurrency for the technology itself.
According to a press release published on September 21, US Representative Tom Emmer plans to introduce three bills to support blockchain technology and cryptocurrencies.
The SEC has deferred a decision on a Bitcoin ETF announced by SolidX Bitcoin and investment firm VanEck. The market was expecting a decision on SolidX Bitcoin Trust shares, scheduled for September 21, but the regulator decided to ask for more feedback on this issue.
The Brazilian Blockchain and Cryptocurrency Association (ABCB) was forced to file a complaint against the actions of the country's banks with the Administrative Council for Economic Defense (CADE). According to the Association, six large national banks unreasonably refused to service accounts of brokerage companies associated with cryptocurrency transactions. Among the closed ones is the account of the large crypto trading platform Atlas Quantum, closed by Banco do Brasil.
British legislators have called on their colleagues to increase the level of regulation of cryptocurrencies in order to introduce an element of stability and order into a market that, in their opinion, most resembles the “Wild West”.
After months of investigating the internal operations of crypto exchanges, New York prosecutors have released their disappointing findings. The report, titled “Virtual Markets Integrity Initiative,” released on September 18, confirms what many already know, most cryptocurrency platforms lack strong consumer protections and are often targets for market manipulation.
The US Securities and Exchange Commission (SEC) does not intend to recognize the uniqueness of innovative blockchain technologies and intends to squeeze all cryptocurrency processes into accounting standards.
The Shanghai branch of the People's Bank of China, which is the country's central bank, has decided to issue a public notice to investors. In the notice, the bank urges investors to completely refrain from participating in initial coin offerings (ICOs) and once again emphasizes the increased risk of cryptocurrency trading.
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