Russian Parliament to Review Bill Prohibiting Crypto Payments

June 13, 2022 Bitcoin.com

Ban

Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payments with digital assets. Draft Law Banning Use of Cryptocurrency for Payments Submitted to Russian Parliament Russian lawmakers […]

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Highly Anticipated Bill Aimed at Regulatory Clarity for Crypto To Hit Washington: Report

June 6, 2022 The Daily Hodl

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Two US Senators are about to introduce a new bill to Congress aimed at creating a comprehensive regulatory framework for the crypto industry. According to a recent report by Politico, Republican Senator Cynthia Lummis of Wyoming and Democrat Senator Kirsten Gillibrand of New York are prepared to unveil the highly-anticipated bipartisan bill on June 7th. […]

The post Highly Anticipated Bill Aimed at Regulatory Clarity for Crypto To Hit Washington: Report appeared first on The Daily Hodl.

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Eyes on New York Governor Kathy Hochul After State Lawmakers Pass Moratorium on Proof-of-Work Crypto Mining

June 4, 2022 The Daily Hodl

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A bill that would create a moratorium on proof-of-work crypto mining has been approved by the New York State Senate and is now on its way to Governor Kathy Hochul’s desk to be potentially signed into law. The legislation would enact a two-year pause on mining tokens that utilize proof-of-work systems, including the top crypto […]

The post Eyes on New York Governor Kathy Hochul After State Lawmakers Pass Moratorium on Proof-of-Work Crypto Mining appeared first on The Daily Hodl.

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Japan Adopts Legislation Establishing Legal Framework for Stablecoins

June 3, 2022 Bitcoin.com

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The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of UST Collapse Lawmakers in Japan have passed a […]

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Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments

June 2, 2022 Bitcoin.com

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The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislation is yet to be finalized and will not be reviewed by lawmakers in the near future, Anatoly Aksakov revealed in an interview, despite Bank […]

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Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests

May 28, 2022 Bitcoin.com

$POWER

The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More Electricity Than Russian Farmers Miners extracting digital currencies account for more […]

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No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal

May 26, 2022 Bitcoin.com

Amnesty

A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state budget. Revised Crypto Mining Legislation Submitted to Russian Parliament Without Amnesty for Miners […]

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Draft Law About NFTs Submitted to Russian Parliament

May 21, 2022 Bitcoin.com

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Lawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation. The authors of the draft say the rights of those who own non-fungible tokens need to be protected as Russians are currently dealing with NFTs at their own risk. Russian Deputies Propose Amendments Legally Defining NFTs Members […]

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Panama President Mulls Crypto Bill Approval Due to Money Laundering Concerns

May 19, 2022 Bitcoin.com

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The president of Panama, Laurentino Cortizo, has declared he will not sign the recently approved cryptocurrency bill passed by the National Assembly of the country in its current form. Cortizo stated that one of his main concerns about the bill is the stance it takes regarding money laundering activities and crypto. Cortizo may approve some […]

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Trade Minister Expects Russia to Legalize Cryptocurrency

May 19, 2022 Bitcoin.com

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Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week. Crypto Legalization Is Current Trend, Russian Minister Acknowledges Cryptocurrency can be legalized in the Russian Federation, according to a […]

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