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 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.
Polish lawmakers have introduced a long-awaited new bill to clarify current cryptocurrency tax policies.
London-based cryptocurrency exchange Coinfloor announced that the government of Gibraltar has issued the company a license to conduct exchange activities in this jurisdiction. According to Finance Magnates, the exchange received permission to supply DLT (distributed ledger technology) services in accordance with the 2018 regulations “on the organization of financial services.”
Following Alibaba and Tencent, Baidu Tieba, a popular Chinese search platform, is introducing censorship on cryptocurrency topics.
The US Securities and Exchange Commission (SEC) decided to reconsider its decision on Wednesday to deny proposals for the creation of cryptocurrency ETFs.
It seems that the radar of the Chinese authorities has again detected illegal cryptocurrency companies. China has blocked access to the websites of 124 offshore cryptocurrency exchanges in the country, effectively shutting down their operations, the South Southern Morning Post reports.
The US Securities and Exchange Commission (SEC) has rejected a proposal by ProShares, Direxion and GraniteShares to create Bitcoin trading investment funds (ETFs). The commission provided the same reasons for refusal to all three companies.
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