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.
Governments of many countries, and especially Georgia, note the potential of blockchain technology in tax systems. The Prime Minister's initiative to integrate technology should increase awareness about it and also bring a lot of benefits to the country.
The G20 Council published a report on the results of work on new regulation of the digital market, which states that cryptocurrency does not pose a threat to global financial stability.
Historically, many people associate Switzerland with increasing the capital of those whose wallets are already full to the brim, and hiding this wealth from the rest of the world. Private banking, gold vaults hidden deep in the depths of the mountains, personal financial alchemy - this is what this country began to specialize in after the Japanese surpassed them in the watch industry with their quartz technology.
Project Manager of the NBU Open Markets Department, Emal Bakhtari, revealed the National Bank’s vision of the future of the crypto industry in Ukraine. He assures that the NBU is trying to regulate the crypto market in order to protect its participants from the arbitrariness of the security forces.
The People's Bank of China has declared war on foreign ICOs trying to attract local investors. The country is becoming a closed territory for all crypto projects.
Block.one, the largest holder of EOS tokens, intends to exercise its voting rights and influence the choice of block producers. The developers' intentions excited the community and alerted the validators.
According to data from the South Korean central bank (BOK), the outstanding balance of virtual currency accounts at national commercial banks stood at $1.79 billion at the end of December 2017.
Under pressure from the G20, South Korea is forced to soften its strict policy regarding the cryptocurrency market in general and ICOs in particular.
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