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FTX Money Backed U.S. Lawmakers With Future of Crypto in Their Hands
6.2.2023
Many members of Congress with the biggest influence over coming U.S. cryptocurrency legislation received direct contributions from top executives of FTX, leaving them with a complicated political relationship with the crypto industry
Report: Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank
3.2.2023
Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable...
Bitcoin mining advocate is going state-to-state to educate US lawmakers
31.1.2023
The legislatures in Mississippi and Missouri have separately introduced bills aimed at protecting certain activities of Bitcoin miners following visits from the Satoshi Action Fund
US lawmakers renew request for answers from Silvergate on FTX: Report
31.1.2023
Silvergate reportedly cited restrictions on disclosing “confidential supervisory information” related to the collapse of FTX in response to a similar December 2022 letter
Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange
30.1.2023
Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of cryptocurrencies in the country and introduces a licensing regime for crypto miners and exchanges....
US Senator’s Resolution Encourages Capitol Gift Shops to Accept Cryptocurrency
30.1.2023
A U.S. lawmaker has introduced a resolution that encourages Capitol gift shops to accept cryptocurrency payments. He stressed that lawmakers “should increase accessibility and signal our support for the burgeoning cryptocurrency industry to those who visit Capitol Hill.” US Senator...
South Korean Lawmakers Are Gearing Up to Regulate Crypto. What Could That Look Like?
26.1.2023
The 300 members of South Korea’s National Assembly are currently considering 17 separate crypto-related proposals, from which they hope to shape the Digital Asset Basic Act
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
26.1.2023
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators...
Arizona lawmakers seek to make crypto a tax-exempt property
24.1.2023
Should the bill pass the legislature, Arizona voters could choose whether virtual currency is tax exempt as part of a November 2024 ballot measure
French Lawmakers Soften Stance on Compulsory Crypto Licenses
24.1.2023
Crypto industry advocates had been concerned about tougher rules in the wake of the FTX collapse, and as EU laws bed in
EU lawmakers vote for more restrictive capital requirements on banks holding crypto
24.1.2023
Banks could be required to hold a “risk-weighted exposure amount” of up to 1,250% of capital based on exposure to crypto if the full parliament passes the measures
Crypto Tax Proposed by Lawmakers to Fund EU Budget
24.1.2023
Taxing capital gains, mining or crypto transactions are all being examined to fund the bloc’s $185 billion annual spending
EU Lawmakers Impose ‘Prohibitive’ Requirements on Banks’ Crypto
24.1.2023
The vote in the European Parliament's Economic and Monetary Affairs Committee is intended to anticipate international bank-capital norms
US Lawmakers Create ‘Congress’ First Ever’ Digital Assets Subcommittee
15.1.2023
U.S. Congress’ “first ever” subcommittee on digital assets has been created as part of the House Financial Services Committee. “We want to create a regulatory legal framework for digital assets … that makes America a leader from an innovation point of view but also protects...
Treasury Secretary Yellen Urges Swift Action to Increase Spending Limit, Avert Default on US Obligations
14.1.2023
Janet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its statutory debt limit on Jan. 19, 2023. She warned that “failure to meet the government’s obligations...
US lawmakers call on court to approve 'independent examiner' in FTX bankruptcy case
10.1.2023
Four U.S. Senators said Sullivan & Cromwell was "simply not in a position to uncover the information needed to ensure confidence in any investigation or findings" regarding FTX
US lawmakers could consider stock trading ban in next session of Congress
2.1.2023
All members of Congress are already required to report most investments in stocks and cryptocurrency, but many have pointed to potential conflicts of interest
US lawmakers under pressure following FTX collapse: Report
31.12.2022
In response to FTX's fall, United States lawmakers are reevaluating the crypto industry's regulatory needs for 2023
Report: Nigerian Central Bank Spent Over $1.8 Billion Managing Local Currency
30.12.2022
During her appearance before Nigerian lawmakers, Aisha Ahmad, the deputy governor of the Central Bank of Nigeria (CBN), told lawmakers that out of the nearly $1.8 billion used to manage the local currency, over 90% of this total was reportedly used to fund expenses associated with the production...
Russian Parliament Postpones Adoption of Crypto Mining Bill
24.12.2022
Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in Russia amid sanctions limiting the country’s access...