bill
US Senator Ted Cruz Proposes Bill To Prohibit Federal Government From Using CBDC As Surveillance Tool
United States Senator Ted Cruz of Texas is proposing a bill that would prevent the US government from developing a central bank digital currency (CBDC) that could be used to monitor the financial transactions of American citizens. According to a press release, Cruz introduces the bill as a complementary piece to Representative Tom Emmer’s legislation, […]
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Members of Congress Introduce “E-Cash” Bill
Ukrainian President Volodymyr Zelenskyy Signs Crypto Legislation Into Law As War With Russia Rages On
Ukrainian President Volodymyr Zelenskyy has signed a bill into law that legalizes and regulates crypto assets as the nation contends with Russian aggression. According to a statement made by Ukraine’s Ministry of Digital Transformation, the embattled nation has signed a bill into law to create a legal crypto industry regulated and supervised by the country’s […]
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President Zelenskyy Signs Ukraine’s Law ‘On Virtual Assets’
President Volodymyr Zelenskyy has signed the law “On Virtual Assets” which aims to regulate the crypto market in Ukraine. The approval comes as his country is increasingly relying on cryptocurrency donations to fund its defense and deal with humanitarian problems amid an ongoing Russian invasion. Law Regulating Cryptocurrencies Approved by Ukraine President Zelenskyy Ukrainian President […]Virginia Passes Bill That Allows Banks To Provide Custody for Crypto Assets
The state of Virginia has unanimously passed a new cryptocurrency bill that allows banks to provide custody for digital assets. According to a report by Fox Business, HB 263 passed the state’s legislature earlier this week and is expected to be signed into law by governor Glenn Youngkin within the next seven days. The new […]
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Russia Proceeds With Efforts to Legalize Crypto Amid Sanctions Over Ukraine
Authorities in Russia are continuing their work to establish a comprehensive legal framework for crypto transactions. The efforts, which started before the military invasion of Ukraine, go on amid warnings that Moscow may use cryptocurrencies to evade expanding financial sanctions. Expert Council Meets in Russia to Discuss Law ‘On Digital Currency’ Attempts to legalize and […]Russia’s Finance Ministry Submits Bill to Legalize Crypto Investments, Ban Payments
Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “On Digital Currency” aims to introduce rules for investment in cryptocurrencies while at the same time cementing a ban on their use in payments. Draft Law ‘On Digital Currency’ to Regulate Crypto Turnover in Russia […]Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank
It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two institutions are reportedly failing to reach consensus on crypto regulation but the treasury intends to submit draft legislation despite their differences. Disagreements on Future of […]European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year
The executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish the legal basis for the digital version of the common European fiat. A draft is expected in 2023. EU Finance Chief Announces Legislative Plan for […]