Regulation
Black Friday in South Korea as crypto exchanges announce shutdown
All but four platforms in South Korea obligated to announce the suspension of their services by today.
Danny Park
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Regulation
Archived coverage · Forkast crypto archive
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Regulation
India’s largest public bank bars payments to crypto exchanges
Most banks distance themselves from virtual asset platforms as the country’s central bank lobbies for a ban.
Monika Ghosh
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Regulation
China’s Inner Mongolia seeks out stealth crypto mining operations
China’s Inner Mongolia region — once a thriving cryptocurrency mining hub that has enacted a series of measures to rein in the sector — is tightening its crackdown by hiring a contractor to monitor and ferret out mining operations. Fast facts The Inner Mongolia Development and Reform Commission announced on Wednesday a bidding result for […]
Timmy Shen
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Regulation
China’s e-CNY rollout enters ‘sprint stage’ for Beijing Winter Olympics
Digital yuan expected to undergo its first crucial international test despite concerns it can be used as a surveillance tool.
Timmy Shen
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Regulation
U.S. Treasury prepares to recommend stricter regulation on stablecoins
The U.S. Treasury is preparing a raft of recommendations for stricter oversight of Tether and other stablecoins, as unnamed insiders say the department has identified the greatest risks posed by the tokens, according to a recent Bloomberg report. Fast facts Making sure investors are able to transfer money in and out of tokens is a […]
Lachlan Keller
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Regulation
Crypto exchange Binance wants centralized headquarters amid regulatory heat
Under scrutiny around the world, the largest cryptocurrency exchange wants to do a better job engaging with regulators.
Michelle Lim
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Regulation
South Korea’s finance minister stands by 20% crypto income tax plan
South Korea’s finance minister Hong Nam-ki gave a firm “no” at the National Assembly to lawmakers asking for crypto taxation to be delayed until the industry is fully prepared. Fast facts Minister Hong insisted the plan to tax capital gains from cryptocurrency transactions should be executed as planned. The amended tax law stipulates that crypto […]
Danny Park
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Regulation
Litecoin unloved at Walmart. Cardano’s Alonzo upgrade. China takes aim at NFTs.
Top blockchain and crypto news: Walmart dispels Litecoin hoax. Cardano's real work begins. Beijing bears down on NFTs.
Forkast.News
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Regulation
SEC chair says most cryptocurrencies including stablecoins are securities
In his testimony before the Senate Banking Committee, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, said that Coinbase lists “dozens of tokens that may be securities.” Fast facts In response to Senator Pat Toomey’s questions about whether cryptocurrencies classify as securities, Gensler said “very many” of the cryptocurrencies, including stablecoins, are in […]
Monika Ghosh
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Regulation
Reserve Bank of Australia posts CBDC job position
Amid the country’s ongoing Senate inquiry into crypto regulation, the Reserve Bank of Australia has posted a job advertisement for a position within its central bank digital currency research team. Fast facts A successful applicant would join a new cross-disciplinary team to research “whether there is a case for a CBDC in Australia, and if […]
Lachlan Keller
