7 / 7 Relevant items tagged with #Legislation

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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.

Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization

[Jan 7, 2023 1:30 PM] During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar…

Israel’s Securities Watchdog Seeks to Regulate Crypto Assets

[Jan 6, 2023 2:30 AM] The body overseeing the securities market in Israel is taking steps to incorporate rules for digital assets into the existing legislation. The regulator released a draft proposal to introduce the changes that would define the legal status of…

Bill on Digital Ruble Submitted to Russian Parliament

[Jan 1, 2022 1:00 AM] A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form of national fiat will be issued and amends a series of legal acts to…

Russian Parliament Postpones Adoption of Crypto Mining Bill

[Dec 24, 2022 2:30 AM] Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in…

Inaccurate U.S. Senate Testimony Misleads Lawmakers, Public About Bitcoin

[Dec 22, 2022 12:35 PM] In testimony before the U.S. Senate Banking Committee, actor Ben McKenzie and professor Hillary Allen offered inaccuracies about Bitcoin.This is an opinion editorial by Level39, a researcher focused on Bitcoin, technology, history, ethics and…

Ethereum bounces above $1.2K, but derivatives metrics show traders fear a collapse

[Dec 20, 2022 2:03 PM] Demand for leverage buying remains absent in ETH despite the recent bounce to $1,200 as the U.S. Federal Reserve continues to hike interest rates.

Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported

[Dec 10, 2022 5:30 AM] The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal…

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions

[Dec 9, 2022 3:30 AM] On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA)…

New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective

[Nov 27, 2022 11:00 PM] Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochul temporarily limits the minting of digital…

Russia Prepares to Create Government-Controlled Crypto Exchange

[Nov 24, 2022 8:30 AM] Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in…

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

[Nov 21, 2022 12:30 AM] A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the…

American CryptoFed registration at risk as SEC alleges filing anomalies

[Nov 19, 2022 11:31 PM] The SEC instituted administrative proceedings against American CryptoFed to determine the issuance of a stop order which would retract its registration and bar sales of in-house tokens, Ducat and Locke.

Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads

[Nov 19, 2022 5:00 AM] Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted…

US Sen. Warren and Durbin demand answers from Bankman-Fried and his successor at FTX

[Nov 17, 2022 3:45 PM] Two crypto-unfriendly Democratic senators have sent a letter to the executives with a list of detailed and penetrating questions about the behavior of Bankman-Fried and his businesses.

Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to Crypto

[Nov 13, 2022 3:00 PM] The Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now working on a set of regulatory proposals that will…

Indonesia to Change Crypto Regulators as Part of Plan for Stricter Oversight

[Nov 11, 2022 4:30 AM] The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of regulations in the sector aimed at increasing…

Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says

[Nov 9, 2022 8:30 PM] The European Commission is going to present a legislative proposal for a digital euro in the near future, President of European Central Bank Christine Lagarde has indicated. EU legislators are expected to define the new currency’s legal tender…