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Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to Crypto
13.11.2022
The Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now working on a set of regulatory proposals that will be submitted to parliament by the end of the year....
Indonesia to Change Crypto Regulators as Part of Plan for Stricter Oversight
11.11.2022
The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of regulations in the sector aimed at increasing oversight of the expanding digital assets market....
Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says
10.11.2022
The European Commission is going to present a legislative proposal for a digital euro in the near future, President of European Central Bank Christine Lagarde has indicated. EU legislators are expected to define the new currency’s legal tender status and determine its privacy features....
US Midterm Elections: Outcome Will Decide the Future of Crypto Legislation – Republicans to Gain Majority?
8.11.2022
The US midterm elections are underway, and the outcome could have a larger impact on the future of crypto regulation than most people believe....
Read More: US Midterm Elections: Outcome Will Decide the Future of Crypto Legislation – Republicans to Gain Majority?
MiCA legislation good news for crypto players: Binance Europe VP
8.11.2022
The European Union’s Markets in Crypto-Assets legislation could create an easier environment for exchanges to operate in, according to Binance’s VP of Europe
EU Delays Vote on MiCA Crypto Legislation Until February
4.11.2022
Technical issues in the lengthy text are set to delay the start of the licensing regime under the Markets in Crypto Assets regulation
Russia Plans to Allow Mining of Any Cryptocurrency, Lawmaker Unveils
2.11.2022
Newly proposed legislation aims to permit the minting of any cryptocurrency in Russia, a prominent lawmaker has revealed. While the draft law states that the circulation of the minted coins should take place outside Russian jurisdiction, an upcoming bill provides for their use under “experimental...
MPs Set to Vote on Mining Bill That Would Let Russians Pay Cross-border with Crypto
31.10.2022
Source: FedotovAnatoly/Adobe
A top Russian politician has said that a crypto mining regulation bill has been submitted to parliament – and that the bill would also allow Russians to use crypto “as a means of payment” outside the country. Moscow has previously banned the use of crypto...
New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament
29.10.2022
A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well....
Brussels to Spur Rollout of Instant Payments in Euro, Proposes Legislation
29.10.2022
The European Commission has approved a proposal to accelerate the introduction of euro instant payments. The technology is there and Europeans should be able to send and receive money immediately, the executive body said, revealing its intentions to push the industry toward wide adoption. EU Moves...
Russian Parliament Rejects Mining Bill Allowing Crypto Payments, Expects New Draft
24.10.2022
The lower house of Russian parliament, the State Duma, has voted against a piece of legislation designed to regulate cryptocurrency mining. While lawmakers turned down that proposal, which also aimed to legalize crypto payments in the country, another draft law on mining, which permits cross-border...
SBF: FTX to filter assets it thinks are securities from US listings until registration in place
20.10.2022
In a long blogpost full of proposed standards to guide the industry in the absence of regulations, Sam Bankman-Fried says FTX US will not list assets its lawyers think may be securities
Rep. McHenry gives progress report on stablecoin legislation, says it’s an ‘ugly baby’
13.10.2022
The ranking member of the House Financial Services Committee praised the bipartisanship behind the coming bill, but says there are “complex conversations” ahead
Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country
13.10.2022
Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the nation’s legislature. Lawmakers also want to make sure crypto companies pay their taxes and fees. Parliament...
Key EU Parliament Committee Approves MiCA Deal to Regulate Crypto
12.10.2022
European Parliament’s economic committee has backed the adoption of the comprehensive Markets in Crypto Assets (MiCA) regulation. It has also supported the introduction of rules for tracing cryptocurrency transfers, part of the latest EU anti-money laundering push. European Union’s MiCA Crypto...
Portugal Prepares to Tax Crypto Gains at Rate of 28%, Draft Budget Unveils
11.10.2022
Authorities in Portugal intend to impose a levy on gains from short-term crypto investments with the state budget for next year. The document, which still needs the approval of Portuguese lawmakers, signals a change in the EU nation’s positive attitude towards crypto assets. Government...
It’s legislation season in the EU: Law Decoded, Oct. 3–10
11.10.2022
In one week, the EU institutions voted in favor of a crypto-friendly resolution and promoted MiCA to the next stage
EU Council Endorses Markets in Crypto Assets (MiCA) Legislation
6.10.2022
Council of the EU, one of the European Union’s legislative bodies, has approved the proposed regulatory framework for the European crypto space. It’s now up to European lawmakers to approve the Markets in Crypto Assets package before its final adoption. Comprehensive Crypto Regulation...
Top US Regulators Urge Congress to Pass Legislation on Crypto Assets
5.10.2022
The U.S. Financial Stability Oversight Council (FSOC), a group of the country’s top financial regulators, has urged Congress to pass legislation for the regulation of crypto assets. Treasury Secretary Janet Yellen said: “Crypto-asset activities could pose risks to U.S. financial...
Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies
2.10.2022
Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators...