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UK lawmakers form crypto advocacy group for parliament: report
7.1.2022
“We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said the group's chairperson and MP Lisa Cameron
Working Group Meets to Prepare Regulations for Cryptocurrencies in Russia
24.12.2021
A crypto working group has held its first meeting at Russia’s parliament. Its members have been tasked to put forward legislative proposals designed to comprehensively regulate cryptocurrencies and related matters in the Russian Federation. Working Group Gathers at State Duma to Draft Crypto...
Russia to Decide Between Full Ban and Legalization of Crypto Investments, Trade
17.12.2021
Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on buying crypto assets, lawmakers are moving forward with efforts to adopt rules for mining, exchange...
Illegal Crypto Miners Threatened With Jail Time in Russia
17.12.2021
Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state...
Russian Crypto Miners Tell Lawmakers: ‘Hurry up and Legalize Our Industry’
16.12.2021
Russian crypto miners say they want their industry to be legalized – and hope that official status could help them avoid spats with power providers.
Lenta reported that the situation for miners in the Irkutsk Oblast in Siberia has deteriorated of late....
Read More: Russian Crypto Miners Tell...
Russia’s Federation Council to Set Up Working Group on Crypto Regulations
12.12.2021
The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body....
Alexandria Ocasio-Cortez says US lawmakers shouldn't hold crypto to 'remain impartial'
7.12.2021
"I want to do my job as ethically and impartially as I can," said AOC, who added that as a member of the House of Representatives’ Financial Services Committee she has chosen not to hold stocks or investments, including digital assets
British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes
4.12.2021
The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your...
South Korean lawmakers inch closer to deal to delay crypto tax by one year
30.11.2021
The long debate in the country’s legislature could soon be over meaning cryptocurrency gains made in South Korea may not be considered taxable events until 2023 at the earliest
Ghana’s Minority Lawmakers Reject Government Proposal to Tax Mobile Money Transactions
28.11.2021
The Ghanaian government’s proposal to introduce a 1.75% levy on digital transactions was recently rejected by a minority of lawmakers who insist the new tax derails efforts to help increase the number of adults that are financially included. The Digital Transactions Tax A minority...
Russian Parliament Sets Up Working Group on Cryptocurrency Regulations
26.11.2021
A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining...
Thai lawmakers urged to approve tourism crypto to entice digital nomads
26.11.2021
The rollout of the Tourism Authority of Thailand’s TAT Coin is coming closer to fruition, and is now awaiting government approval according to local figures
Bank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets
24.11.2021
The monetary authority in Moscow, the Bank of Russia, wants those who use cryptocurrencies against the law to be held accountable. The financial regulator has proposed the introduction of legal liability for some operations with digital assets which it considers illegal. Central Bank of Russia Aims...
Crypto Is Driven by Extraordinary Consumer and Investor Demand, Says Australian Regulator
24.11.2021
The chairman of Australia’s Securities and Investments Commission (ASIC) says crypto is “being driven by extraordinary consumer and investor demand,” noting that “The implications for consumers are potentially huge.” The securities regulator is currently working...
Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn
20.11.2021
Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may arise in the field of information security. Financial Market Committee Sees Threats in Digital...
US lawmakers introduce bill to 'fix' crypto reporting requirement from infrastructure law
18.11.2021
The bill proposes pushing back the mandated reporting requirements to 2026 as well as changing the definition of broker
Russia’s Prosecutor General Wants Cryptocurrency Recognized as Property Under Criminal Law
18.11.2021
The Prosecutor General’s Office of Russia has proposed to define cryptocurrency as property in the country’s Criminal Code. Decentralized digital money has already been qualified as such in the provisions of several other laws although various aspects of cryptocurrencies remain...
Lawmakers push back on crypto provisions in Infrastructure Bill
18.11.2021
The latest proposal from a group of House Democrats seeks to change how updates to the tax code affect crypto entities “who do not engage in brokerage services.”
Crypto Can't be Stopped, but Must be Regulated, Indian Lawmakers Conclude
16.11.2021
The latest meeting - that had India’s parliamentary standing committee on finance discussing crypto-related issues with the industry’s representatives for the first time - saw the lawmakers concluding that it was impossible for the authorities to stop the crypto sector’s growth in the country,...
South Korean lawmakers push back against controversial “know-the-sender” rule
16.11.2021
If passed, more stringent reporting requirements would apply to domestic and international transactions, which some say would damage the growth of the industry