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11 Lawmakers Urge US Treasury to Consider Blockchain for COVID-19 Relief
29.4.2020
Rep. Darren Soto and 10 other members of Congress want the Treasury Department to consider using a blockchain platform to streamline the distribution of funds meant to stimulate the U.S. economy
‘Digital Dollar’ Reintroduced by US Lawmakers in Latest Stimulus Bill
16.4.2020
The idea of a digital dollar was again floated by U.S. lawmakers as a means of issuing stimulus payments to residents
$2,000 a Month: US Lawmakers Propose Basic Income for Americans to Cope With Covid-19 Economy
16.4.2020
Democrats from the House of Representatives have introduced legislation that would pay eligible Americans $2,000 a month until U.S. unemployment numbers return to pre-covid-19 levels. Under the proposal, any American citizen 16-years or older making less than $130K per year would receive monthly...
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
Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout
12.4.2020
Since the market carnage on March 12 otherwise known as Black Thursday, the exchange Bitmex has seen 36% of the trading platform’s bitcoin reserves withdrawn. A few other well-known crypto exchanges have seen cold wallets drained, while other trading platforms have witnessed reserve...
Spain’s Lawmakers Plan to Provide Basic Income to Low-Income Residents
12.4.2020
Spain is preparing to provide universal basic income (UBI) to low-income individuals due to the wrath of the coronavirus, the country’s minister for economic affairs Nadia Calviño recently explained. There’s no set date yet for the UBI program, but Spain’s officials said they...
South Korean Lawmakers Greenlight Strict Crypto AML Bill
5.3.2020
South Korean lawmakers voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s sprawling crypto economy – and potentially triggering a market consolidation
Japanese Lawmakers Want US to Place Digital Currencies on G7 Agenda
7.2.2020
In light of China’s forthcoming digital yuan, Japan should push the U.S. to place digital currencies on the G7’s agenda, say local lawmakers
Japanese Lawmakers Will Propose Digital Yen to Counter Libra, China: Report
24.1.2020
Around 70 politicians from Japan's ruling Liberal Democratic Party plan to propose the nation issues its own digital currency
Japanese Lawmakers Will Propose Digital Yen to Counter Libra, China: Report
24.1.2020
Around 70 politicians from Japan's ruling Liberal Democratic Party plan to propose the nation issue its own digital currency
Hawaiian Bill Would Let Banks Act as Crypto Custodians
23.1.2020
Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets
US Lawmakers Try Again on Tax Relief for Small Crypto Payments
16.1.2020
House Representatives’ bipartisan legislation would exempt realized crypto gains under $200 from taxation
New Hampshire Lawmakers Vote Down Crypto Tax Bill
16.1.2020
New Hampshire legislators have scrapped a bill that would have allowed state agencies to accept cryptocurrencies for tax payments
Lawmakers Finally Took Data Privacy Seriously — 2019 Regulatory Roundup
13.1.2020
Privacy regulations are picking up global momentum — how did it affect the blockchain industry in 2019?
US Lawmakers Urge FCC to Step Up Its Action Against SIM Swaps
10.1.2020
Six U.S. lawmakers have written to the Federal Communications Commission urging it to put pressure on telecoms providers to mitigate the risk of SIM swap attacks
US Lawmakers Call on Communications Regulator to Tackle SIM-Swapping Crime
10.1.2020
Democrat lawmakers are demanding that the FCC takes action to tackle the rise in SIM swapping attacks
Regulatory Roundup: New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto
23.12.2019
In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover...
Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance
23.12.2019
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory...
US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter
20.12.2019
Congressmen are again asking the IRS for clarity on its recent cryptocurrency tax guidance
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...