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 G20 summit in Buenos Aires last week was attended by many more people than usual. The thing is that this time the key issue at the meeting of representatives of banks and finance ministers was the issue of regulation of cryptocurrencies.
American regulators are increasing their activity in relation to cryptocurrencies, which is giving rise to changes in the policies of international companies and social networks. Now the turn has come to the US Securities Commission.
The Bank of England will set up a fintech hub to find ways to harness the technology behind digital currencies, which will ultimately help strengthen the UK economy. This was stated by the bank's deputy head Dave Ramsden.
At the G20 summit, Spain's Minister of Economy, Industry and Competitiveness Roman Escolano Olivares said that cryptocurrency is not a threat to the global financial system and that the European Union does not have to wait for international agreement before starting to develop regulation on its own.
“There are serious concerns about the use of cryptocurrency to finance terrorism and money laundering,” Turkish Deputy Prime Minister Mehmet Sismek said in a tweet this Wednesday. Sismek also devoted a number of messages to blockchain technology, which, in his opinion, has “undeniable positive qualities.”
The report, published by the Joint Economic Commission of the United States Congress, examines issues of macroeconomic growth, tax reforms, US trade and an entire chapter is devoted to blockchain technology, cryptocurrencies and their potential.
Today, the ICO Review and Regulatory Committee submitted its interim report to Israel Securities Commission (ISA) Chairman Anat Guetta. “The report contains a number of recommendations aimed at strengthening stability and maintaining a balance between technological innovation and investor safety,” say commission representatives.
Buenos Aires is hosting the G20 summit this week, where finance ministers and central bankers from around the world will discuss new regulations on cryptocurrencies.
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