Search
EU Parliament Monetary Committee to Vote on MiCA Next Week
7.3.2022
The European Union Parliament's economics and monetary committee will vote on the Markets in Crypto Assets (MiCA) legislation next week
European Parliament Proposes Expanding 'Travel Rule' to Every Single Crypto Transaction
7.3.2022
Two major factions within the European Parliament propose to expand the "travel rule" to virtually every transaction of digital assets
Russia Proceeds With Efforts to Legalize Crypto Amid Sanctions Over Ukraine
5.3.2022
Authorities in Russia are continuing their work to establish a comprehensive legal framework for crypto transactions. The efforts, which started before the military invasion of Ukraine, go on amid warnings that Moscow may use cryptocurrencies to evade expanding financial sanctions. Expert Council...
Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation
3.3.2022
A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the controversial provision sparked objections from the crypto community. MiCA Proposal...
EU Parliament Scraps Proof-of-Work Ban Following Backlash: Report
1.3.2022
European Parliament to Cancel Vote on Crypto Assets Framework
26.2.2022
The European Parliament will not hold a planned vote on crypto regulations after texts that can be interpreted as an attempt to ban coins with energy-intensive mining sparked negative reactions. The lawmaker leading the legislative effort says the matter needs clarification before MEPs can have...
European Parliament postpones crypto bill vote over proof-of-work
25.2.2022
“It is crucial for me that the MiCA report is not misinterpreted as a de facto Bitcoin ban,” said Stefan Berger
European Parliament Postpones Vote on Crypto Regulations Indefinitely
25.2.2022
A leaked draft has drawn criticism for including a provision that sought to ban the use of cryptocurrencies that rely on proof-of-work
EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils
24.2.2022
A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new anti-money laundering (AML) agency. Behind the move are concerns that companies dealing with digital assets can be engaged in the processing of illicit funds. Germany Leads Push to Place Crypto...
Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials
18.2.2022
The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed...
Ukrainian Parliament Adopts Amended Virtual Assets Law
18.2.2022
Ukrainian lawmakers have approved an updated version of legislation tailored to regulate the country’s crypto economy. The bill, which was first passed last year, was later returned to the legislature by President Volodymyr Zelensky who requested some changes. Majority of Ukrainian Deputies...
Indian Parliament Member Clarifies Legal Status of Cryptocurrency
13.2.2022
Cryptocurrency is currently a gray area in India. It is neither legal nor illegal. A parliament member, India’s finance secretary, and the minister of finance have recently clarified the legal status of cryptocurrency in India. Legal Status of Crypto in India Following the finance...
Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments
13.2.2022
Russian authorities are yet to reach full consensus on the future of cryptocurrencies but government institutions are on the same side of the fence in their intention to ban bitcoin payments. Other operations with digital assets are to be legalized and regulated, representatives of Russian business...
Spain Modifies Tax Model 720, Used to Declare Cryptocurrency Holdings Abroad
13.2.2022
The Spanish parliament has introduced an amendment to the tax model 720 used to declare cryptocurrency and other holdings abroad, softening some of the penalties associated with it. The modification, which has not yet been approved, changes some of the harsher penalties that were declared illegal...
Canadian Lawmaker Introduces Bill to Encourage Crypto Sector Growth
12.2.2022
A bill has been introduced in Canada to encourage the growth of the crypto sector. “Canada should be attracting billions of dollars in investment in the fast growing crypto asset industry. Today I introduced a bill, the first of its kind in Canada, to make sure this becomes...
India Won’t Legalize or Ban Crypto at This Stage, Finance Minister Confirms
11.2.2022
India’s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that income from crypto...
Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says
6.2.2022
Private individuals mining cryptocurrency may expect a higher tax burden than businesses involved in the industry, a high-ranking member of the Russian parliament has indicated. While the extraction of digital currencies is yet to be regulated in Russia, authorities lean towards recognizing it...
Indian Parliament Unlikely to Discuss Crypto Bill During Budget Session - Finance Minister
3.2.2022
The vivid debate surrounding India’s forthcoming crypto legislation has taken another turn as the country’s Finance Minister Nirmala Sitharaman announced that the bill is unlikely to be discussed during the parliament’s ongoing budget 2022 session that is to end on April 8.
Sitharaman...
Indian Parliament Unlikely to Discuss Crypto Bill During Budget Session - Finance Minister
3.2.2022
The vivid debate surrounding India’s forthcoming crypto legislation has taken another turn as the country’s Finance Minister Nirmala Sitharaman announced that the bill is unlikely to be discussed during the parliament’s ongoing budget 2022 session that is to end on April 8.
Sitharaman...
Indian parliament's agenda includes crypto training session, leaves out bill banning digital assets
31.1.2022
The Cryptocurrency and Regulation of Official Digital Currency Bill does not appear as one of the 15 bills the government body will consider during its next session