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Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail
24.5.2020
Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison...
EU Lawmakers Want to Create a New Regulator for Crypto 'Blind Spots'
13.4.2020
Alongside stablecoins and token-based fundraising, the EU parliament asserts that Bitcoin mining poses a money laundering risk
Indian Government Reveals Inspection of Bitcoin Businesses, Informs Parliament of Results
18.3.2020
The government of India has informed Lok Sabha, the lower house of parliament, about the Ministry of Corporate Affairs’ inspection of cryptocurrency businesses. Minister of State for Finance and Corporate Affairs Anurag Singh Thakur provided details of two companies in particular. This...
Breaking: South Korean Parliament Passes ‘Landmark’ Crypto Bill
5.3.2020
In a dramatic turnaround, the South Korean parliament, the National Assembly, has voted in favor of the country’s first cryptocurrency-specific legislation in the past few hours.
The amended Special Financial Transactions Information Act, which was approved by a National Assembly finance committee...
Russian Parliament Could Pass Digital Financial Assets Bill Next Month
5.2.2020
Source: iStock/Baris-Ozer
Russia’s parliament, the State Duma, could pass its long-awaited crypto laws as early as March – and it appears that the impasse between pro-crypto businesses and the crypto-skeptic central bank may finally be over.
Anatoly Aksakov, the chairman of the Duma’s financial...
Austrian Parliament Bestows BlockchainArmy Head Erol User With the Space Medal
24.1.2020
Erol User, the honorable Chairman and Co-founder of BlockchainArmy, has been bestowed upon with the first edition of the prestigious Space Medal by the Austrian President, Van der Bellen. The award Blockchain Based on the memory of the 50th Anniversary of Moon Landing. The spearhead of...
RBI Confirms Crypto Not Banned in India
21.1.2020
The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in...
Russia’s New Prime Minister Has an Opinion of Cryptocurrencies
17.1.2020
The Russian Federation has a new prime minister, Mikhail Mishustin, with a track record of statements regarding cryptocurrencies and an affection for digitalization. A stated goal of his government will be to turn the country into a digital platform “for the people.” Time will tell...
Direct Democracy Party to Solve Issues With Crypto Rights in Russia
16.1.2020
A new political force is being born in Russia out of the country’s tech business circles. The idea has been conceived by representatives of the country’s growing digital economy sector who want to embark on finding solutions to numerous issues that concern the crypto space. Also read:...
Indian Lawmaker Says ‘Cryptocurrency Is Inevitable’
15.12.2019
Indian Parliament member Dr. Subramanian Swamy has shared his view on cryptocurrency. Advocating for India to make the transition to crypto, he reportedly said, “cryptocurrency is inevitable.” The lawmaker will chair a conference at the UN India’s headquarters next week where...
New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments
9.12.2019
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight...
ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy
5.12.2019
European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel...
German Banks Authorized to Store and Sell Cryptocurrency in 2020
29.11.2019
Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians rather than rely on third-party...
Bill for the Legalization of Crypto Assets Presented in Ukraine’s Parliament
20.11.2019
Recently, Ukraine’s Digital Transformation Ministry announced that a bill to modify the Tax Code of Ukraine and other laws related to tax assessment for crypto transactions, has been presented in the parliament, Verkhovna Rada. The agency’s press service recently said, “The bill...
Indian Supreme Court Wraps up Crypto Hearing for the Year
19.11.2019
The Supreme Court of India called on for hearing on Monday the writ petitions challenging the banking restriction by the Reserve Bank of India (RBI). After hearing from the RBI’s counsel, the court wrapped up the case for the year. Its decision follows Lok Sabha, the lower house of the Indian...
Indian Parliament Will Not Consider Total Crypto Ban in Winter Session
15.11.2019
The Indian government will not discuss its draft bill on a proposed total ban on crypto in the winter session of Parliament, as was previously planned
Indian Government Delays Introducing Cryptocurrency Bill
15.11.2019
The Indian government previously told the supreme court that the country’s cryptocurrency bill may be introduced in the Winter session of parliament. However, the crypto bill is not included in the agenda published by Lok Sabha, the lower house of India’s parliament. This gives...
Cryptocurrencies Like Bitcoin are Not Real Money: German Parliament
29.10.2019
Cryptocurrencies like Bitcoin are not real money, according to the German parliament
Why Central Banks Are Not Designed for Democracies
29.10.2019
Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks...
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...