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Parliament of India Holds Discussion on Future of Web3
7.12.2023
Source: Pixabay The lower house of the Indian Parliament, Lok Sabha, held a discussion on the importance of web3 and blockchain sector in India on December 6. Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, emphasized the importance of Web3 and Blockchain...
Report: Kenyan Parliament Committee Approves Bill Proposing to Widen Definition of Securities to Include Crypto
6.12.2023
A Kenyan parliamentary committee has reportedly approved a bill that proposes to widen the definition of securities to include cryptocurrencies. The bill proposes a tax on crypto exchanges and digital wallets as well as a capital gains tax on users who realize a capital gain from the sale of their...
Kenya’s Capital Markets Bill Defining Crypto Assets as Securities Progresses in Parliament
5.12.2023
Source: Pexels The Capital Markets (Amendment) Bill, 2023, has received approval from the National Assembly’s Finance and National Planning Committee in Kenya. On December 4, a Kenyan local news outlet, Business Daily, reported that the bill defining crypto assets as securities and including...
28 Indian Crypto Platforms Register With Country’s Anti-Money Laundering Department
4.12.2023
Source: Pixabay 28 Indian crypto platforms have registered with the Financial Intelligence Unit, the country’s Minister of State for Finance said. In response to queries in the Lok Sabha, the lower house of India’s bicameral Parliament, Indian Minister of State for Finance Pankaj Chaudhary told...
28 Indian Crypto Service Providers Have Registered With Country’s Anti-Money Laundering Unit
4.12.2023
As many as 28 Virtual Digital Assets (VDA) or crypto service providers have registered themselves with India's Financial Intelligence Unit (FIU-IND)
Digital Euro Debate Heats Up: Experts Divided on Central Bank Digital Currency
29.11.2023
Source: Pixabay / Hans After a two-hour hearing regarding the potential issuance of a digital euro, expert testimony has done little to settle the continent’s legislative debate on central bank digital currencies (CBDCs). Members of the European Parliament invited four expert witnesses to a hearing...
EU Parliament Tasks Members to Take Leading Role in Metaverse-Tech Implementation
28.11.2023
Source: AdobeStock / Grecaud Paul The European Union (EU) parliament has called on member-states to take the lead in the creation of digital worlds in terms of strategy and technology implementation. In a Nov 29 press release, the body urged relevant parties in the jurisdiction to take charge...
German Parliament member ’staunch opponent' of digital Euro, all in on Bitcoin
16.11.2023
EU lawmakers are anticipating the arrival of the digital euro, though German politician Joana Cotar is pushing back against the currency and fighting in favor of Bitcoin
European Union Finalizes Digital ID Wallet Agreement, Hints at Digital Euro Integration
11.11.2023
The European Parliament and the Council of the European Union (EU) have finalized the agreement that will allow the implementation of a continent-wide digital ID wallet program. The agreement, which needs to be ratified at the parliamentary level, would greenlight the issuance of the EU digital...
EU backs Data Act with clause to shut off smart contracts
10.11.2023
The Act, inclusive of a clause necessitating “kill switches” on smart contracts, only now needs approval from the European Council to pass into law
EU Parliament Approves Data Act With Smart-Contract Kill Switch Provision
9.11.2023
The final version of the bill's text, reviewed by CoinDesk in July, revealed that it contained a smart-contract kill switch clause
Canadian MP Hails Satoshi Nakamoto, Wants Parliament to Study Bitcoin
1.11.2023
Joël Lightbound addressed the Canadian Parliament with a call for a new perspective on cryptocurrencies, particularly Bitcoin. During a speech that lasted over a minute, Lightbound urged members of parliament to consider a different approach, emphasizing the significance of studying Bitcoin....
Marshall Islands Further Strengthen's Law That Made DAOs Legal Entities
30.10.2023
The Republic of the Marshall Islands has passed legislation that takes its already advanced law for decentralized autonomous organizations (DAOs) a step further
Taiwan introduces crypto bill to Parliament
27.10.2023
The Virtual Asset Management Bill aims to provide “better protection” for the customers and “properly supervise” the industry
Taiwan Advances Crypto Regulation as Draft Act Passes First Reading in Parliament
27.10.2023
Taiwan parliament, the Legislative Yuan, has passed the first reading of a proposed crypto law that would regulate the crypto asset industry. Taiwan has taken a significant step toward regulating the crypto sector by proposing a special crypto law, which has passed its first reading at...
UK Lawmakers Roll Out Legislation to Seize Cryptocurrencies Used for Illegal Purposes
26.10.2023
The UK Parliament has passed a bill that allows law enforcement authorities to seize cryptocurrencies associated with illicit activities. This includes investment scams, hacks, terrorism financing, money laundering, and drug trafficking. Per an official announcement on its website, the new bill...
UK Parliament Committee Cautions Against Soccer Clubs' Fan Tokens
13.10.2023
The UK House of Commons Culture, Media, and Sport Committee has released a report warning soccer clubs against the use of fan tokens.
In a 30-page report, the committee explored the intricacies and challenges presented by non-fungible tokens (NFTs) in both the arts and sports sectors....
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Report: Cyprus Mulls Imposing Hefty Fines on Unregistered Crypto Service Providers
12.10.2023
Crypto firms that operate in Cyprus without registration may soon be fined as much as $350,000 while individuals behind such firms could face up to five years in jail. The Finance Ministry says its proposals, which are included in a draft recently submitted to parliament, seek to align...
UK Parliament Committee Urges Government to Address NFT Copyright Infringement
11.10.2023
The UK’s Culture, Media and Sport Committee, a cross-party parliament group, is recommending the Government take action on the “widespread copyright infringement” in non-fungible tokens (NFTs).
The committee MPs have warned that the promotion of cryptocurrencies in professional sports is putting...
UK Online Safety Bill to Become Law Amidst Heavy Criticism From Civil Liberties Organizations
23.9.2023
The U.K. Online Safety Bill, a piece of legislation that seeks to make the country “the safest place in the world to be online,” has been signed by both houses of parliament and will become law soon. Several civil liberties organizations and activists have criticized it due to...