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 governments of many countries are puzzled by the problems of regulation and taxation of transactions with digital currencies. The main point remains the question of what definition to give to the cryptocurrency itself. Today, each country is trying to solve approaches to taxation of transactions with cryptocurrencies differently, adapting new realities to internal current legislation.
The Vice Governor of the People's Bank, Fan Yifei, said this while presenting the agenda for the upcoming economic development conference, which is to be held soon. He highly appreciated the analytical work of the Central Bank’s group of experts in studying the technologies and risks of operating cryptocurrencies in the jurisdiction of the PRC.
The authors of the bill are State Duma Chairman Vyacheslav Volodin and Doctor of Law, Professor, State Duma Deputy Pavel Krasheninnikov. The adoption of this project will allow the state to collect taxes on transactions with tokens, and lenders to use them as debt collection.
South Korean cryptocurrency exchange Youbit was denied insurance after it shut down due to a hack.
The UK's Financial Conduct Authority has issued a warning to investors about unregistered brokerage firm Olsson Capital, which sells cryptocurrency derivatives.
Taiwan will not follow the example of South Korea and China and will maintain a neutral position in regulating cryptocurrencies, writes BTCManager. The government of the country is convinced that such a policy will stimulate natural growth for the crypto market in the country and, if necessary, will allow changes to be made in its activities.
This was announced by the head of the financial sector reform department of the National Bank of Ukraine, Evgeniy Stepanyuk. The official published an official statement on March 26 on the NBU Facebook page. The NBU believes that such a policy will be able to prevent money laundering using digital currencies, as well as stop abuse in the market.
Cboe Global Markets, which pioneered bitcoin futures, is calling on the Securities and Exchange Commission to allow the use of exchange-traded funds (ETFs) on the grounds that they can be treated as exchange-traded securities. The exchange believes that “the commission should not stand in the way of the appearance of such exchange-traded products on the market,” the letter addressed to the SEC said.
If you have any questions about collaboration or interesting new proposals, please contact us at [email protected]
The ForkNews news portal is the ideal advertising platform for anyone involved in cryptocurrency. For advertising and PR inquiries, please contact us at [email protected]
Join us!
