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.
International Monetary Fund chief Christine Lagarde said regulators could monitor the financial system more effectively and share information more quickly if they used blockchain technology, which allows transactions to be authenticated without the need for them to be administered or guaranteed by a central authority.
More and more often, governments around the world are showing interest in cryptocurrencies; some states have already launched a national digital currency. What prospects await Ukraine if the authorities give the green light to cryptohryvnia and ICO? Can this bring significant investment into the economy and how?
On March 8, the European Commission unveiled its strategy for the development of the fintech sector for the current year. The document calls for increasing “regulatory and supervisory capacity and knowledge” in the field of new technologies, including blockchain. The commission also plans to open a Fintech Lab research center in the second quarter of 2018.
Bitcoin is testing politicians of all countries. According to Commodity Futures Trading Commission (CFTC) Commissioner Bart Chilton, even members of a US political party known to oppose regulation support the idea that the cryptocurrency market needs oversight.
Chinese regulators have blocked the accounts of cryptocurrency exchanges and exchangers that continue to offer services to the country's clients on social media.
Illinois lawmakers are planning to allow state residents to pay taxes in cryptocurrency. Illinois will be the third US state to file a cryptocurrency tax bill.
The country's Special Tax Inspectorate (STI) has opened three cases of non-payment of taxes by citizens. Under Belgian law, citizens are required to pay a 33% tax on profits from cryptocurrency activities, and said profits must be declared as “other income” on their tax return.
Next month, it is planned to create a self-regulatory body for cryptocurrency trading. Two trade groups representing 16 registered exchanges have agreed to create a new organization that will work with the Japan Financial Services Agency to set investor safety standards. She will also develop the basic principles of ICO activities.
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