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Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus
12.8.2020
Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first...
China Didn’t Ban Bitcoin Entirely, Says Beijing Arbitration Commission
30.7.2020
Bitcoin-related activities are not prohibited by the Chinese government as the cryptocurrency acts as a virtual commodity
Chinese Supreme Court Favors Strengthening Cryptocurrency Property Rights
22.7.2020
China’s Supreme Court has called to strengthen property laws pertaining to digital currency, network virtual property and data
Cryptocurrencies Have ‘No Way’ to Comply With US Anti-Encryption Bills
14.7.2020
U.S. Senate bills meant to crack down on encryption could have negative effects for privacy-oriented tech, including cryptocurrencies, entrepreneurs and critics say
BitLicense at 5: Despite Architect Lawsky’s Hopes, Few States Copied NY Rules
24.6.2020
Few states have developed their own cryptocurrency regulations – and none that did build a regulatory regime have followed the New York model
US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus
3.6.2020
The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in energy prices, and recent legislation....
Eight Countries That Don’t Tax Your Bitcoin Gains
26.5.2020
As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets...
Russia Considering Draconian Rules for Illegal Crypto Operations
21.5.2020
Harsh new rules for using and issuing digital assets without a license might soon become law in Russia
US Lawmaker Proposes Legislative Groundwork for National Blockchain Strategy
20.5.2020
A new bill in Congress asks the U.S. Federal Trade Commission to consider a national blockchain strategy
Malta’s ‘Blockchain Island’ Dream Deferred as 70% Entities Shun Licensing
25.4.2020
Malta’s futuristic design to be the “Blockchain Island” has suffered a setback as 70% of companies in the sector have not sought licensing. Six months after the deadline, only 26 companies have applied for licensing and none has been granted one. Malta initiated legislation...
$2,000 a Month: US Lawmakers Propose Basic Income for Americans to Cope With Covid-19 Economy
16.4.2020
Democrats from the House of Representatives have introduced legislation that would pay eligible Americans $2,000 a month until U.S. unemployment numbers return to pre-covid-19 levels. Under the proposal, any American citizen 16-years or older making less than $130K per year would receive monthly...
Telegram’s Fight Against SEC Will Help Push Cryptocurrency Legislation, Says Trade Group
9.4.2020
Telegram’s ongoing court battle with the SEC over its $1.7 billion token offering could put pressure on Congress to move cryptocurrency regulation forward, according to the Blockchain Association
Will New P2P Legislation Hurt South Korean DeFi Industry?
1.4.2020
South Korean decentralized finance (DeFi) players have called for calm after some experts claimed that forthcoming legislation could effectively hamstring the nation’s fledgling DeFi market.
Many industry insiders have expressed alarm over a recent amendment made to a digital finance act pertaining...
China Is Drafting Laws for the Circulation of National Digital Currency
26.3.2020
Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation, according to local media. A number of patents have revealed what...
Bank of Russia Says New Digital Assets Bill Will Outlaw Crypto Trading, Issuance
16.3.2020
The central bank is in favor of digital securities, but maintains cryptocurrencies shouldn't be allowed in Russia
Rhode Island Blockchain Act Seeks Regulatory Clarity for Crypto, Representative Place Explains
14.3.2020
Rhode Island’s recently introduced Blockchain Act also includes significant cryptocurrency implications
6 Crypto Websites Blocked by Russia’s Media Watchdog, Including Major News Outlet
9.3.2020
In what seems to be another episode in a long-running campaign, the Russian telecom regulator has restricted access to at least six websites posting content related to cryptocurrencies. Тhe forum section of Bits.media, a leading crypto news outlet, is among the internet pages that have been...
South Korea Passes Law to Introduce Permit System for Crypto Exchanges
5.3.2020
Virtual currency exchanges in South Korea will soon have to report their activities to regulators after receiving real-name confirmed bank accounts
Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions
3.3.2020
The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest...
‘Mass South Korean Crypto Closures’ to Follow if Legislation Delayed
27.2.2020
South Korean cryptocurrency industry insiders are warning that the country’s failure to introduce crypto laws could be cataclysmic, with “mass bankruptcies” likely.
As Cryptonews.com reported yesterday, the South Korean National Assembly’s schedule has been thrown into turmoil by an outbreak of...