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Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments

18.4.2022
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict...

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

17.4.2022
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market for digital assets. Russian...

Brazilian Congress Aims to Pass Unified Crypto Framework in Coming Months

16.4.2022
The Brazilian Congress is trying to approve a cryptocurrency legal framework before the end of Q2. According to reports from local media, The proponents of the different law projects presented in the Senate and the Congress have stated they will seek the unification of the projects due to their...

DAO regulation in Australia: Issues and solutions, Part 3

16.4.2022
Progressive DAO regulation means questioning accepted institutions: public registries, licensing and corporate rules. Are lawmakers ready?

President Biden announces former Ripple adviser as pick for Fed vice chair for supervision

15.4.2022
The vice chair for supervision seat at the Federal Reserve has been vacant since governor Randal Quarles’ term ended in October 2021

OFAC Update Claims Ronin Hack Is Tethered to North Korea’s Hacker Syndicate Lazarus Group

15.4.2022
According to the U.S. Treasury and the Office of Foreign Assets Control (OFAC), the recent Ronin bridge hack may have been tied to the North Korean hacker syndicate called Lazarus Group. Federal law enforcement officials have tied the flagged ethereum address connected with the Ronin bridge exploit...

Texas regulators order virtual casino to stop selling NFTs

14.4.2022
The State Security Board considers the sale of 11,111 NFTs a “high-tech fraudulent securities offering.”

China-based regulatory and trade associations target NFTs in latest risk notice

13.4.2022
“We solemnly call on consumers to [...] be vigilant and stay away from NFT-related illegal financial activities,” said the associations

Brazilian Senate announces incoming approval of the ‘Bitcoin law’

13.4.2022
The law will allow the President of Brazil to designate or create a regulatory agency to oversee the crypto market

Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists

13.4.2022
The spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank has reaffirmed its hardline stance on decentralized digital money in a new report published as...

Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex

12.4.2022
The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a month after Ghana’s currency was rated the worst performing among Africa’s...

Law Decoded: Crypto risks, imaginary and real, and creative ways of addressing them, April 4–11

11.4.2022
The Treasury admits there’s not much crypto-aided sanctions evasion going on, stablecoins attract regulatory attention, and a fourth futures-based BTC ETF secures approval

Billion Dollar Bitcoin Lawsuit Verdict Appealed — Self-Proclaimed Bitcoin Inventor Expects a Win

11.4.2022
The law firm representing Ira Kleiman has sent a notice of appeal to the Florida District Court in an attempt to appeal the court’s rejection of a Kleiman v. Wright retrial. The self-proclaimed Bitcoin inventor, Craig Wright, was cleared of all charges at the end of the Kleiman v. Wright...

Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions

10.4.2022
The Ministry of Finance of the Russian Federation has revised a draft law designed to regulate the country’s crypto space, introducing provisions for cryptocurrency mining. The bill has been resubmitted to the government and may be adopted during the parliament’s spring session....