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India Sends Crypto Legalization Signs With Tax Plans, WRX Skyrockets
1.2.2022
In another turn of events involving India’s crypto policy, the country’s Finance Minister Nirmala Sitharaman has proposed to tax gains from crypto transfers at a 30% rate, with no deductions to be allowed. Moreover, the country’s central bank digital currency (CBDC), the digital rupee, is to...
Russia’s National Finance Association Calls for Legalization of Crypto Investments
13.1.2022
The main finance industry association of Russia has urged authorities to reconsider a position against crypto investments in the nation’s financial market strategy. The organization insists that the crypto investments of Russians should be brought out of the “gray zone” instead...
Russia to Decide Between Full Ban and Legalization of Crypto Investments, Trade
17.12.2021
Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on buying crypto assets, lawmakers are moving forward with efforts to adopt rules for mining, exchange...
Russia to Decide Fate of Crypto Exchangers in 2022
3.12.2021
Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such...
Russian Parliament Sets Up Working Group on Cryptocurrency Regulations
26.11.2021
A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining...
Opposed to Bitcoin Payments, Bank of Russia Says State Should Not Stimulate Spread of Cryptocurrencies
20.11.2021
Cryptocurrencies are anonymous and the government shouldn’t encourage their spread, the head of Bank of Russia has insisted. The regulator remains firmly opposed to the legalization of bitcoin and the like as a means of payment in the Russian Federation. Bank of Russia Reiterates Negative...
Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring
8.11.2021
The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back...
Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations
23.10.2021
The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming...
Bitcoin Will Not Become Legal Tender in Uzbekistan, Central Bank Official Insists
15.9.2021
Cryptocurrency cannot be adopted as a means of payment in Uzbekistan, a high-ranking official from the country’s central bank has recently stated. Speaking to local media, the regulator’s representative also noted that unlike cryptocurrencies, the national fiat is backed by...
Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns
10.9.2021
Mining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation. The regulator also warned that participating in such activities would entail penalties as per the current legislation. Despite its position, however,...
Lawmaker Presents Bill to Regulate Cryptocurrencies in Panama
10.9.2021
A Panamanian lawmaker has introduced a bill to regulate cryptocurrencies in the National Assembly. Among the proposals in the bill is the legalization of cryptocurrencies, like bitcoin and ethereum, as a means of payment, including for paying taxes. Proposed Crypto Law Will ‘Give Legal...
Ukraine to Bring Crypto into Legal Sphere after ‘Legalization’ Bill Passes
9.9.2021
ill was first introduced in the Verkhovna Rada in June 2020 after around a year of formulation by the Ministry of Digital Transformation. It passed its first reading shortly after, but was sent back to the committee stage for a number of key revisions.The ministry has spoken about bringin
Iranian Tax Authority Urges Regulators to Legalize Cryptocurrency Exchanges
12.8.2021
The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the legalization of their activities, fearing restrictions could negatively affect tax collection. Tax Agency Wants to Obtain User Data From...
Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners
24.7.2021
The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies from its energy-rich northern neighbor. Abkhazia...
BONGWEEDCOIN - Growing DeFi Token - World Cannabis Legalization Movement
9.6.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
World’s first cryptocurrency empowered Cannabis Legalization movement catered for those who are looking to support our purpose all while being providing incentives through yields. Bongweedcoin boasts powerful...
Ron Paul Wants Bitcoin Totally Legalized to Compete With Dollar and Let the People Decide
3.6.2021
Former U.S. congressman Ron Paul says that he wants to legalize the dollar’s competition, including bitcoin, and let the people decide which money to use, not the government. “Freedom of choice will sort it out,” he said. Ron Paul Wants to Legalize Bitcoin as Money to Compete With...
Pro-crypto Colombian congressman highlights legalization challenges
2.10.2020
He went so far as to call for the preconceptions surrounding crypto to be demystified
How to Buy Weed With Bitcoin
25.3.2020
So you’ve got a little bitcoin to your name but are all out of weed. What you gonna do? Well, if you’re fortunate enough to live in a region where marijuana is legal, there are ways to exchange the two. While if you don’t inhabit such an enlightened area, rumor has it there...
Cannabis Buzz Harshed by Regulations, Cash Shortage While Cryptocurrency Is Ready to Light Up
18.2.2020
Recent reports show that major marijuana companies are running out of money, and businesses in Canada are especially in danger of becoming illiquid. Major producers in the weed-friendly nation have just over 6 months of cash on hand, according to the information, and comparable companies in...
Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not Risks
27.1.2020
Cryptocurrency transactions in Ukraine will be strictly monitored by the state, although the country’s finance minister admits that it’s not digital coins but fiat cash that criminals and corrupt officials are more likely to use. The legalization of cryptocurrencies remains a priority...