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U.S Rep. Submits Bill Urging Tennessee to Study Blockchain
4.3.2020
A Tennessee representative proposes a new bill urging the study of blockchain to remove regulatory roadblocks
Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...
Blockchain Bills Are Advancing in the New York State Senate – Here’s Why
14.2.2020
Now in its second year, the New York State Senate's Internet and Tech Committee has approved two blockchain bills, which now go to the full Senate for a vote
Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions
8.2.2020
Famous for its favorable business climate that has attracted hundreds of crypto companies, Switzerland is now expanding its financial regulatory framework. Some of the upcoming rules will increase oversight in the blockchain industry in compliance with new international standards regarding...
Oklahoma Senator Working on Bill for State-Backed Blockchain Institution
18.1.2020
Pending submission, a new Oklahoma bill includes an effort by the state to provide support for blockchain and crypto tech
Authors of New York’s P2P ‘Public Venmo’ Bill Hope for Greater Decentralization
10.1.2020
Authors of New York’s new digital payments system Inclusive Value Ledger claim that the initiative is still open for implementing blockchain technology
Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property
26.12.2019
A phenomenon like bitcoin can gain recognition, including regulatory, in many different and often unexpected ways. Governments that hesitate to accept cryptocurrencies as legal tender, sometimes validate their existence indirectly and even acknowledge they can be used for payments. Taxing crypto...
Mnuchin Affirms $1.5 Trillion Unaccounted For, Still Demands Strict Bitcoin Regulation
23.12.2019
U.S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1.5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.” The famously anti-bitcoin U.S. official noted that “there’s a lot...
Regulatory Roundup: New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto
23.12.2019
In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover...
China’s Zhejiang Processes $6M via DLT Medical Billing Platform
18.11.2019
China’s Zhejiang province processed about $6 million through its blockchain medical billing system using Ant Financial’s blockchain tech
The SEC Has Rejected Every Bitcoin ETF. This Firm Thinks It Has a Solution
7.11.2019
Wilshire Phoenix believes balancing funds between BTC and T-bills may convince the SEC that its bitcoin ETF proposal is better than the rest
SEC Restarts Clock on Proposed ‘Bitcoin and T-Bills’ ETF
15.10.2019
Members of the public have another 21 days to send the SEC comments on a proposed ETF backed by bitcoin and Treasury bonds
The Fed Plans to Inject $60 Billion per Month Into the Economy
15.10.2019
On October 11, the U.S. Federal Reserve explained that it would inject more easing into the economy by purchasing Treasury bills at an initial $60 billion per month for the next two months. The purchasing rate could decrease or increase, but the central bank expects the easing plan to last until...
More Nations Join the Club of Crypto-Friendly Jurisdictions
14.10.2019
Regulatory barriers are a major concern for businesses working with decentralized assets. Not all governments, however, are putting obstacles in front of crypto companies. In fact the number taking a crypto-friendly stance is in fact increasing. Also read: Ukraine in a Rush to Legalize...
Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky
12.10.2019
The new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed...
Russia Regulates Digital Rights, Advances Other Crypto-Related Bills
4.10.2019
After much deliberation in the past months and years, Moscow has recently taken important steps toward regulating the crypto space. These are part of the efforts to open the way for the development of the Russian digital economy. The country, heavily dependent on energy exports and hurt by Western...
VERDAD is the Most Dangerous Crypto Bill to Face Congress Yet
19.9.2019
The U.S. Congress is considering more than 20 bills on cryptocurrency. One deserves special attention: S.1025, the Venezuela Emergency Relief, Democracy Assistance and Development Act (VERDAD). “Verdad” is Spanish for “truth.” If VERDAD passes, it will be the first time...
Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption
18.9.2019
Crypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets. AT&T now allows customers to pay their phone bills in bitcoin, Japanese SMS giant...
EU Members Adopt Tougher Crypto Rules Than AML Directive Requires
13.8.2019
Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member...
IRS 'Weeks Away from 3 Tax Bills' After Call from Pro-Crypto Activists
8.7.2019
America’s top tax authority, the Internal Revenue Service (IRS), will update its cryptocurrency guidelines “in the coming weeks,” per the Wall Street Journal – following a request put forward by United States parliamentarians.
The media outlet says that the IRS’ decision was made after...