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Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors

Russian Parliament to Consider Restrictions for Non-Qualified Crypto InvestorsCryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks. Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency Deputies in […]

Crypto products experience $1 billion in total outflows over four weeks

Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners

Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for MinersMembers of the parliament in Kazakhstan have proposed the establishment of a state register for cryptocurrency farms operating in the country. Alarmed by the growing consumption of energy in the sector, the lawmakers also want to charge miners a higher price for the electricity they use. Mazhilis Members Want Miners in Kazakhstan to Register With […]

Crypto products experience $1 billion in total outflows over four weeks

Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This Summer

Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This SummerThe Ukrainian parliament has released an updated version of the draft law “On Virtual Assets.” The revised bill requires exchanges to obtain government authorization, disclose their ownership and implement mandatory KYC procedures. The document has been criticized by regulators in Kyiv but the government wants the legislation passed before the parliament’s summer break. Draft Law […]

Crypto products experience $1 billion in total outflows over four weeks

Russian Lawmakers Move to Allow Crypto Payments Under Contracts

Russian Lawmakers Move to Allow Crypto Payments Under ContractsMembers of the State Duma are now working on amendments that will permit the use of cryptocurrency as a contractual means of payment. Digital financial assets are regarded as property under Russian law and the changes will legalize crypto payments between parties to a contract. State Duma to Amend Civil Code to Legalize Contractual Crypto […]

Crypto products experience $1 billion in total outflows over four weeks

Election Candidates in Russia to Disclose Crypto Investments, New Bill Suggests

Election Candidates in Russia to Disclose Crypto Investments, New Bill SuggestsA new bill obliging candidates running for election in Russia to declare their spending on digital assets has hit the floor of the State Duma. According to the draft, Russian politicians will be required to disclose details about every crypto purchase they and their families make, if the total exceeds a certain amount. Candidates to […]

Crypto products experience $1 billion in total outflows over four weeks