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.
Accounting firm NODE40, which specializes in calculating digital currency earnings and developer of Bitcoin tax reporting software, expects the U.S. Internal Revenue Service (IRS) to send out a record number of cryptocurrency-related claims as it believes many investors will decide to declare their losses.
According to a press release from Cointelegraph, major Singaporean cryptocurrency platform Huobi has received a so-called distributed ledger technology (DLT) license in Gibraltar.
According to research conducted by the Internet agency Digital Catapult, the UK's opaque regulation of the digital technology sector has become one of the biggest problems for the country's blockchain companies.
The G20 summit ended with the signing of a final declaration, in which there was also a place for crypto-assets. The leaders of the countries came to a consensus on the prospects of digital technologies and the advisability of uniting for global regulation of cryptocurrency activities.
After previously implementing a decree regulating cryptocurrency activities in Belarus, the country's government has now adopted a detailed regulatory framework proposed by the High Technology Park (HTP).
Bitcoin's bear year has had better days, with the token's price down more than 8% and currently sitting at $3,989.94 on cryptocurrency exchange Bitstamp. According to an article published in The Week on November 26, 2018, the adoption of proper regulation would help the cryptocurrency recover from the prolonged Black Friday.
The Blockchain Technology Foundation has been based in South Korea since its inception, but recently its representatives were in talks with the Paraguayan government to create something big - the world's largest mining farm and cryptocurrency exchange.
Mikhail Mishustin, head of the Federal Tax Service of Russia, believes that cryptocurrency makes it possible to evade taxes, cash out funds and deceive the state.
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