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.
The forbidden fruit is always sweet. The more the Chinese government tries to restrict the use and distribution of cryptocurrency assets in the country, the more creative Chinese traders become.
A representative of South Korea's Financial Supervisory Service (FSS) has proposed expanding international cooperation between regulators regarding the creation of global rules for cryptocurrencies and ICOs, local news agency Asian Economic TV reported.
Since the beginning of 2018, Uzbekistan has set a course towards legalizing blockchain technologies, mining and cryptocurrency. For Uzbekistan, the development of Blockchain has become a national priority.
A California bill that would create a legal framework for legalizing blockchain technology at the state level has been approved by the state legislature and now awaits the governor's signature.
Last week, on August 31, all crypto ATMs belonging to the company BBFpro were seized by the police without explanation.
The Financial Services Agency (FSA), Japan's financial regulator, previously gave permission to 16 crypto exchangers to operate in the country. The FSA has also given permission to 16 other exchanges, including Coincheck, to provide cryptocurrency trading services, even though their license applications are still pending.
According to local news sources, Gyeongbuk, a province on the east coast of South Korea, intends to issue its own cryptocurrency and completely replace the local currency used in the province. The provincial government also intends to open an exchange where new coins will be traded, and residents will be able to use QR codes to accept cryptocurrency.
According to Western media reports, the European Union is considering tightening regulations for cryptocurrencies such as Bitcoin, Ripple and Ether.
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