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 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.
The Norwegian Financial Conduct Authority is introducing new anti-money laundering rules for cryptocurrency exchange and custody services operating in the country. The law will come into force on October 15 and will apply to companies registered in Norway, including branches of foreign companies.
The US Securities and Exchange Commission (SEC) has indicated a time frame for reviewing proposed changes to laws relating to Bitcoin ETFs.
According to a document published on October 4, the European Securities and Markets Authority (ESMA) has allocated more than €1 million to study and monitor the fintech industry and cryptocurrency assets.
To prohibit or allow, regulate or ignore cryptocurrency - these issues have been discussed in Russia for a long time. While legislative bodies are arguing about the future of cryptoassets in the country, Russians have accepted the presence of innovative technologies in their lives as a fact.
What seemed absurd and impossible in Orwell’s utopias is now being realized in the modern world. At least, the vector of development of society is set in this direction. The state introduces total control in all spheres of life. A facial recognition system not only at airports, but also in Chinese schools, microchipping of employees, a genetic database of citizens on the blockchain, all these are the realities of today.
The European Parliament met in Strasbourg to discuss issues important to the continent. Blockchain is also on the agenda, but parliamentarians are still divided on the issue.
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