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.
Japan has deprived anonymous cryptocurrencies of the right to be traded on the local market. Japan's financial regulator has completely banned anonymous digital assets since June 18, 2018, as expected after the unveiling of new rules for cryptocurrency exchanges.
The Chilean cryptocurrency exchange Buda achieved justice in court. The Antimonopoly Court of Chile ordered two large local banks to re-open the accounts of the Buda crypto exchange.
Mainstream South Korean and Japanese media outlets JoongAng and Nikkei reported that Japan's National Tax Agency (NTA) is aware of 331 investors in the Japanese cryptocurrency sector who have reported $1 million or more in trading profits, earning a total of more than $331 million.
The UK's Financial Conduct Authority (FCA) has joined global regulators around the world in clamping down on the free digital industry and has launched an investigation into twenty-four cryptocurrency companies.
Israel is joining the trend of taking the crypto market under strict control and limiting the anonymity of digital transactions. A new bill defining measures to combat money laundering using cryptocurrencies comes into force on the first day of next month.
South Korea's largest currency exchange, Bithumb, will ban trading of digital assets with investors in North Korea, Iran, Iraq and eight other countries.
In Europe, cryptocurrency regulation is a hotly debated topic. Some countries are trying to use cryptocurrency proceeds in the absence of special regulations, some are doing everything to ensure that the cryptocurrency industry flourishes in a safe and secure environment.
The Monetary Authority of Singapore (MAS) has proposed amendments to the current regulatory provisions that will aim to reduce the requirements for crypto exchangers to enter the market.
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