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.
South Carolina Senator Lindsey Graham plans to hold a hearing on Tuesday on the potential impact of "virtual shell companies" and cryptocurrencies on US elections and discuss whether cryptocurrency threatens democratic elections.
South Korea's Ministry of Strategy and Finance has denied reports that recently appeared in some local media about the government's plans to tax cryptocurrency profits at a rate of 10%.
On June 21, the Supreme Court issued its decision in the Wisconsin Central Ltd. case. v. United States is a case that examines whether stock options can be taxed in the same way as money. The US Supreme Court mentions cryptocurrencies to formulate its decision.
Indian Prime Minister Narendra Modi has promised to use technology to accelerate national development and spur growth by making government more transparent and innovative. He promised to overhaul health care policies, banking and government services, and even announced that he would partner with Google to provide Wi-Fi at 500 train stations across the country.
Europol is committed to developing more aggressive and effective ways to combat violations in the field of digital asset trading and invites Europe's largest cryptocurrency exchanges to join in addressing security challenges.
Mick Mulvaney, Trump's appointed head of the Office of Management and Budget, who has been dubbed the bitcoin congressman, believes that the administration must find a balance between protecting investors and regulating the crypto environment.
The Committee on Financial Policy and Banking Activities recommended that the Verkhovna Rada adopt as a basis bill No. 7270 “On amendments to certain legislative acts of Ukraine regarding the regulation of the transfer of funds.” Now international payment systems will become available to Ukrainians.
South Korean blockchain technology company IncuBlock has signed a memorandum of understanding with the Malaysian Government Advisory Council to develop a sharia-compliant blockchain.
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