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US Lawmakers Introduce New Bill For Clarification on Taxation of Staking Rewards
2.5.2024
The bill aims to clarify the tax treatment of staking rewards, proposing that they should only be taxed at the time of their sale rather than upon acquisition.
The post US Lawmakers Introduce New Bill For Clarification on Taxation of Staking Rewards appeared first on Cryptonews
New US Senate Bill Could Encourage Banks to Enter Stablecoin Market: S&P Global
25.4.2024
According to global ratings firm S&P Global Ratings, a new bill focused on stablecoins introduced to the United States Senate has the potential to incentivize U.S. banks to enter the stablecoin market.
The post New US Senate Bill Could Encourage Banks to Enter Stablecoin Market: S&P Global...
Banks could flood into stablecoins if new bill passes: S&P Global
25.4.2024
The Lummis-GillibrandPayment Stablecoin Act introduced to the Senate could see big banks encouraged to take steps into the stablecoin market, says S&P Global Ratings
Senators Lummis and Gillibrand Introduce New Bill to Regulate Stablecoins
17.4.2024
Senators Cynthia Lummis and Kirsten Gillibrand have joined forces to propose a new bill aimed at regulating stablecoins.
The post Senators Lummis and Gillibrand Introduce New Bill to Regulate Stablecoins appeared first on Cryptonews
U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill
17.4.2024
U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are taking another swing at crypto-specific legislation, with a narrowly tailored bill seeking to define how stablecoins – cryptocurrencies that maintain a value with some other asset, like the U.S. dollar – will operate in...
Brazil Eyes Crypto Taxation Changes in New Bill
5.4.2024
Brazil is on the verge of presenting a new crypto taxation scheme proposed in a bill to be presented to the National Congress in the coming days. The bill proposes taxing cryptocurrencies the same way as shares and capital instruments with fluctuating exchange rates, instead of categorizing them...
Senators Introduce New Crypto Legislation to Combat Illicit Finance in Crypto
18.1.2024
United States Senators Cynthia Lummis (R-WY) and Bill Hagerty (R-TN) introduced a new bill to combat illicit finance across the crypto sector on Wednesday. Disrupting bad actors Known as the Preventing Illicit Finance Through Partnership Act of 2024, the bill aims to coordinate efforts between...
Argentina’s President Javier Milei Sends Omnibus Bill to Congress, Seeking Legislative Powers
29.12.2023
Argentina’s President Javier Milei has sent a massive new bill to Congress to adopt a scheme of regulations to advance his goal of modernizing the Argentine state. If approved, the bill would allow Milei to legislate by executive order on certain emergency areas and privatize state companies...
Argentina’s New Government Introduces New Bill to Regulate Crypto Holdings for Tax Payers
28.12.2023
Source: Quatrox Production/AdobeStock Argentina’s newly elected government, led by libertarian Javier Milei, has unveiled its plans to simplify the process of legalizing cryptocurrency holdings, even for individuals who may not have accurately reported them for tax purposes. On December...
UK Lawmakers Roll Out Legislation to Seize Cryptocurrencies Used for Illegal Purposes
26.10.2023
The UK Parliament has passed a bill that allows law enforcement authorities to seize cryptocurrencies associated with illicit activities. This includes investment scams, hacks, terrorism financing, money laundering, and drug trafficking. Per an official announcement on its website, the new bill...
New US bill to require firms to report off-chain transactions to CFTC
29.9.2023
The new legislation aims to protect crypto investors from disputes, manipulation or fraud potentially stemming from transactions occuring off-chain
California Revisits Stringent Licensing for Crypto Businesses with New Bill AB 39 - Here's What You Need to Know
21.9.2023
California is once again taking steps to tighten crypto regulation with a new bill, AB 39, introduced on Tuesday.
The legislation follows a previous attempt in February 2022, when the state introduced AB 2269. The older bill also proposed strict licensing requirements for companies engaged...
Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets
24.5.2023
A new bill requiring South Korean lawmakers to disclose their cryptocurrency holdings has been proposed in Seoul. The legislative initiative comes amid a snowballing scandal surrounding the crypto dealings of an opposition lawmaker whose case has been referred to the parliamentary ethics committee....
CBDCs Banned in Florida as Governor Ron DeSantis Signs New Bill
13.5.2023
Florida Governor Ron DeSantis has signed a new bill banning central bank digital currencies (CBDCs) in the state.
The bill, dubbed SB-7054, bans the use of a CBDC as money within the state of Florida. It also prohibits the use of CBDCs issued by other governments and calls on other states to...
US Senator Ted Cruz tries again with new bill to block CBDC
22.3.2023
Ted Cruz said it is “more important than ever” to ensure the financial privacy of American citizens is preserved
New York State Takes a Step Toward Cryptocurrency Adoption with New Bill
29.1.2023
The state of New York has announced a new bill that would allow agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees, and other payments charged by the state.
Introduced on January 26 by Democratic Assembly Member Clyde Vanel, the New York State Assembly...
The UK has a new name for stablecoins and a new bill to regulate crypto
26.10.2022
The proposal is another ripple of recognition for the Bitcoin, crypto and digital assets industries in the United Kingdom
Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country
13.10.2022
Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the nation’s legislature. Lawmakers also want to make sure crypto companies pay their taxes and fees. Parliament...
US Senators Introduce Bill to Give CFTC Exclusive Jurisdiction Over Digital Commodities Spot Market
5.8.2022
U.S. senators have introduced the “Digital Commodities Consumer Protection Act of 2022” to empower the Commodity Futures Trading Commission (CFTC) “with exclusive jurisdiction over the digital commodities spot market.” Digital Commodities Consumer Protection Act U.S....
Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia
24.6.2022
A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of another draft law banning their use as a means of payment. New Bill Targets Russian Platforms...