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US Senator Warns Passing Unproven Crypto Law Will Stifle Innovation and ‘Make Americans Poorer’
8.8.2021
U.S. Senator Mike Lee has raised concerns that adopting the crypto tax provision in the $1.2 trillion infrastructure bill will stifle innovation and make Americans poorer. He explained that cryptocurrencies are not like securities and cannot be regulated with the same policies, noting that to do...
Ukrainians to Trade and Spend Cryptocurrencies Legally, Digital Ministry Says
8.8.2021
Residents of Ukraine will be able to legally keep, exchange, and spend cryptocurrencies once the new virtual assets law is adopted. The legislation will comprehensively regulate the crypto space, possibly lower taxes for Ukrainians and create conditions for new services, a government official...
2 Senators introduce pro-crypto amendment to infrastructure bill; industry says it's not enough
7.8.2021
Perianne Boring, the founder and president of the Digital Chamber of Commerce, provided details about the proposed amendment Saturday afternoon
Crypto space weighs in on proposed amendments to US infrastructure deal
6.8.2021
Some are urging U.S.-based crypto users to contact their representatives in support of the amendment from Wyden, Lummis and Toomey
New bill in Ukraine to allow payments in cryptocurrency, says official
6.8.2021
The deputy minister of Ukraine’s Ministry of Digital Transformation believes that crypto payments will be allowed in Ukraine similarly to payments deriving from the U.S. dollar
Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware
6.8.2021
Authorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins in violation of a mining ban imposed by the government to mitigate electricity shortages. Over 80 Mining Rigs Confiscated From Crypto...
New Draft Law in Uruguay Could Legalize Crypto as Payment Method
6.8.2021
A new draft law introduced to the Senate in Uruguay could regulate cryptocurrency transactions, and also legalize cryptocurrency as an accepted payment method in the country. If approved, the draft proposed by Senator Juan Sartori would also introduce licenses for Virtual Asset Service Providers...
Lead Republican behind infrastructure bill negotiations supports crypto amendment
5.8.2021
The senator's stance is somewhat surprising, given that he previously called the section on brokers in the proposed bill a “common-sense provision.”
Cryptocurrency Swap Not Banned in Iran, President’s Legal Team Says
5.8.2021
Current regulations do not prohibit the swapping of digital currencies, according to the Iranian Vice Presidency for Legal Affairs. The department has stated its position in correspondence with an ICT industry association which wanted to know what rules apply to cryptocurrency exchange, local media...
FBI Joins Probe Into Collapsed South African Bitcoin Ponzi Scheme
5.8.2021
In what is seen as a boost for Mirror Trading International (MTI) investors, United States investigators are said to have joined the probe into the collapsed bitcoin scheme. According to a report, the U.S. investigators’ goal for joining this probe is to help “recover the assets...
Uruguay: Senator introduces bill to enable use of crypto for payments
5.8.2021
A Uruguayan Senator has introduced a bill seeking to “establish a legitimate, legal and safe use in businesses related to the production and commercialization of virtual currencies.”
Three US Senators propose narrowing crypto tax language in infrastructure bill
4.8.2021
“While Congress works to better understand and legislate on issues surrounding the development and transaction of cryptocurrencies, it should be wary of imposing burdensome regulations that may stifle innovation,” said Senator Pat Toomey
New Spanish bill aims to enable mortgage payments in crypto
4.8.2021
The draft bill intends to allow property owners to pay mortgages with crypto and authorize the real estate sector to use their own crypto for mortgage purchases in Spain
Activistion Blizzard Faces Second Lawsuit Over First Lawsuit
3.8.2021
A class action lawsuit filed today in the U.S. District Court of Central California on behalf of investors alleges that Activision Blizzard’s intentional failure to disclose its ongoing problems with sexual harassment and discrimination artificially inflated the company’s stock value. In layman’s...
Russian court orders Sber to unblock account used for Bitcoin trading
3.8.2021
According to the court, Sber had no reason to keep the account service blocked after the client provided detailed information about his Bitcoin trades
Digital Transformation Law Draft Would Allow Users to Pay Mortgages With Crypto in Spain
2.8.2021
A new proposal of a digital transformation law, written by a group of lawmakers in Spain would introduce the possibility of paying mortgages with cryptocurrency. The law draft also gives different incentives for companies and organizations using and developing solutions using these technologies...
US Lawmaker Introduces Legislation to Regulate Crypto Assets and Protect Investors
2.8.2021
A U.S. congressman has introduced the Digital Asset Market Structure and Investor Protection Act. The legislation would “provide the Securities and Exchange Commission (SEC) with authority over digital asset securities and the Commodity Futures Trading Commission (CFTC) with authority over...
Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sandbox
1.8.2021
President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers....
German law allowing institutional funds to hold crypto comes into effect Aug. 2
31.7.2021
As much as $415 billion worth of investments could flow into cryptocurrencies as new laws governing German Spezialfonds go into effect
Ubisoft And Bungie Suing Popular Cheat Seller Ring-1
31.7.2021
Bungie and Ubisoft recently filed a lawsuit against the people who it claims are running Ring-1, a website that makes and sells cheats for various games like Destiny 2, PUBG, and Rainbow Six Siege. Both companies allege multiple offenses including copyright infringement and are seeking potentially...