6 / 7 Relevant items tagged with #Legislation

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North Carolina County’s Push To Halt Bitcoin Mining Another Blow To Industry Rattled By Regulation

[Apr 6, 2023 2:00 PM] Buncombe County's plan to halt bitcoin mining for a year would be the latest setback for an industry facing regulatory pressures.Buncombe County commissioners are pushing forward with a plan to impose a one-year pause on Bitcoin and cryptocurrency…

Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

[Apr 5, 2023 5:30 PM] Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury…

Texas Bill Limiting Benefits for Crypto Miners Unanimously Passes Committee Vote

[Apr 4, 2023 1:27 PM] Texas is a major hub for bitcoin miners, many of whom have taken advantage of demand response programs, which the bill looks to curb.

French Crypto Influencer Ban Will Harm Country’s Attractiveness, Industry Group Says

[Mar 30, 2023 9:41 AM] Proposals to stop social media stars promoting unlicensed companies were approved by the National Assembly Thursday.

Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations

[Mar 29, 2023 2:00 PM] On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the…

Texas Senate Committee Hears Testimony On Bill That Would Ban Certain Energy Arrangements With Bitcoin Miners

[Mar 29, 2023 12:51 PM] Pierre Rochard, VP of research at Riot Platforms testified yesterday that Bitcoin is a net positive for the state.The Senate Committee on Business and Commerce heard testimony in regards to a Texas bill that would prohibit flexible load agreements…

Texas Senator Ted Cruz Introduces Anti-CBDC Bill

[Mar 22, 2023 2:35 PM] Ted Cruz has joined a myriad of politicians in demonstrating their contempt for CBDCs in America — but what about pro-Bitcoin legislation? Texas Governor Ted Cruz has joined a growing group of politicians who have come out in support of anti-CBDC…

US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’

[Mar 22, 2023 11:30 AM] According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is…

GOP Sen. Ted Cruz Proposes Ban on a CBDC

[Mar 22, 2023 9:02 AM] The effort by the Texas senator adds to a similar state-level measure proposed earlier this week by Florida Governor Ron DeSantis.

Texas House Introduces Bill To Boost Local Bitcoin Economy And Protect Rights Of Individual BTC Ownership

[Mar 21, 2023 11:08 AM] A new bill introduced in the Texas House could set the state up to be the nucleus of Bitcoin development in the United States.A bill that would fully protect and “welcome the Bitcoin economy.” has been introduced to the Texas State House of…

Russian Parliament Votes on Bill Opening Door for Digital Ruble

[Mar 18, 2023 1:30 AM] Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the…

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

[Mar 17, 2023 10:30 PM] The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to…

Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

[Mar 12, 2023 2:30 AM] A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of…

ESG Analyst Daniel Batten Reveals Dynamic Charts Showing Bitcoin’s 52.6% Sustainable Energy Use

[Mar 9, 2023 9:30 AM] Environmental, social, and governance (ESG) analyst Daniel Batten said Tuesday that the computational backbone of the Bitcoin network now uses 52.6% sustainable energy. Batten and onchain analyst Willy Woo created Dynamic Bitcoin ESG Charts to…

FCA officials tell UK parliamentary committee crypto regulation is unavoidable

[Mar 8, 2023 3:56 PM] The CEO and chairman of the United Kingdom's financial regulator took a grim tone as they discussed crypto regulation but conceded that they’re the ones who have to do it.

EU Commission to ensure ‘healthy competition’ in the metaverse

[Mar 8, 2023 1:55 AM] Margrethe Vestager, the executive vice president of the European Commission for a Europe fit for the digital age, stressed the need to anticipate and plan for changes in technological advancements.

Russian Crypto Industry Association Asks Putin to Help With Regulations

[Mar 7, 2023 10:30 PM] The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new…

Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners

[Feb 26, 2023 2:00 AM] The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability…

U.S. Legislators Introduce Bill That Would Prohibit Creation Of An American CBDC

[Feb 22, 2023 12:05 PM] The bill would effectively put an end to the debate over the creation of a Federal Reserve-issued CBDC.U.S. Congressman Tom Emmer (R-MN) has introduced a bill that would prohibit the Federal Reserve from issuing a CBDC directly to anyone. The bill…

Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets

[Feb 17, 2023 5:00 PM] A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with…

Wyoming Legislature Passes Bill Protecting Bitcoin Private Keys From Courts

[Feb 16, 2023 1:24 PM] It is now up to the governor of Wyoming to put the final stamp of approval on the landmark bill.The U.S. state of Wyoming has passed a bill that protects its citizens from having to disclose their private keys, with a singular exception. Having now…

Consumer Federation of California reattempts to regulate crypto companies

[Feb 12, 2023 3:16 AM] Assemblymember Timothy Grayson introduced the Digital Financial Assets Law to protect Californians from financial hardship and foster responsible innovation.

Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force

[Feb 10, 2023 9:30 PM] A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for mining with two different…

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power

[Feb 9, 2023 2:30 PM] According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S…

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

[Feb 4, 2023 4:03 AM] Central bank Governor Nandalal Weerasinghe believes that adopting decentralized cryptocurrencies would worsen the country’s economic situation.

Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange

[Jan 30, 2023 12:30 AM] Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of cryptocurrencies in the country and introduces a…

Panama's Supreme Court to rule on cryptocurrency legislation

[Jan 29, 2023 3:52 PM] The high court will now decide whether to declare the 'crypto bill' unenforceable or to approve it with modifications.

New York Assembly introduces crypto payments bill for fines, taxes

[Jan 27, 2023 1:33 PM] The bill clarifies that state agencies can legally agree to accept cryptocurrency payments and that these agreements should be enforced by the courts.

Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange

[Jan 15, 2023 4:30 PM] The body ensuring that consumer rights are respected in Poland has initiated proceedings against a crypto exchange falsely claiming to be Polish. The trading platform also misled customers that it was operating with the regulatory approval of the…

UK MP says stablecoin is a gateway to CBDC, only crypto can ‘disrupt’ settlements

[Jan 10, 2023 3:45 PM] MP Andrew Griffith and colleagues spoke before a hearing of the U.K. parliamentary Treasury Committee about payments technology and CBDC.