Search
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,...
India’s Cryptocurrency Legislation Will Be ‘Distinct and Unique,’ Says Lawmaker
9.9.2021
The chairman of India’s Parliamentary Standing Committee on Finance explains that cryptocurrency legislation in India will be “distinct and unique.” He added, “We have to balance stability and growth but we recognize how important this whole area of crypto is.”...
Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto Market
9.9.2021
The parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine. The law “On Virtual Assets” recognizes cryptocurrencies as intangible goods while denying them the status of legal tender. It also regulates the activities and obligations...
Ukraine passes legislation to recognize and regulate crypto
9.9.2021
Ukraine is hoping its new digital asset regulations will attract foreign crypto exchanges to set up shop in the Eastern European nation
Cryptocurrencies now legally recognized under commercial law in Texas
2.9.2021
Texas House Bills 4474 and 1576 officially took effect on Sept. 1 after being signed into law by Governor Greg Abbott in June
Treasury attempts to squeeze further crypto-related data sharing provisions in budget bill: Roll Call
31.8.2021
Further requirements on crypto firms could be on the way as the administration is looking for new revenue streams
Central Bank of Iran Should Regulate Cryptocurrencies, Securities Watchdog Says
15.8.2021
With bitcoin mining being a regulated activity in Iran, the head of the country’s securities and exchange regulator believes the central bank has to turn its attention to cryptocurrencies. The regulator is ready to consider accommodating crypto trade when digital assets are regulated. Capital...
Members of Congress lobby Nancy Pelosi and others to amend crypto tax definition
13.8.2021
Anna Eshoo has urged the House to amend the language in the controversial infrastructure bill
Dvision Network to Host “Live Debate” on Cryptocurrency Legislation Organized by Korean National Assembly
12.8.2021
PRESS RELEASE. The blockchain-based metaverse Dvision Network is set to become part of history in what promises to be an action-packed event. The NFT metaverse will be hosting the ‘’Live debate’’ on the Cryptocurrency Legislation and Improvement Measures organized by...
Democrats Are Already Bungling New Call For Laws To Protect Kids From Loot Boxes
10.8.2021
A group of Democrats have sent out letters to some of the biggest names in games publishing, asking them to voluntarily adopt rules soon to be implemented in the UK, designed, they say, to protect children from exploitative practices in video games. Except, that’s not what the UK code is about...
Ukrainians to Trade and Spend Cryptocurrencies Legally, Digital Ministry Says
8.8.2021
Residents of Ukraine will be able to legally keep, exchange, and spend cryptocurrencies once the new virtual assets law is adopted. The legislation will comprehensively regulate the crypto space, possibly lower taxes for Ukrainians and create conditions for new services, a government official...
Tesla CEO Elon Musk Opposes ‘Hasty’ Cryptocurrency Regulation
7.8.2021
Tesla CEO Elon Musk says there is no crisis that compels hasty cryptocurrency regulation. He agrees with Coinbase CEO Brian Armstrong that the U.S. government should not pick winners or losers in cryptocurrency innovation. Elon Musk and Coinbase CEO Agree on Crypto Regulation Tesla CEO Elon Musk...
Cryptocurrency Swap Not Banned in Iran, President’s Legal Team Says
5.8.2021
Current regulations do not prohibit the swapping of digital currencies, according to the Iranian Vice Presidency for Legal Affairs. The department has stated its position in correspondence with an ICT industry association which wanted to know what rules apply to cryptocurrency exchange, local media...
US Lawmaker Introduces Legislation to Regulate Crypto Assets and Protect Investors
2.8.2021
A U.S. congressman has introduced the Digital Asset Market Structure and Investor Protection Act. The legislation would “provide the Securities and Exchange Commission (SEC) with authority over digital asset securities and the Commodity Futures Trading Commission (CFTC) with authority over...
Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sandbox
1.8.2021
President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers....
South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes
28.7.2021
The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by...
Pennsylvania legislature mulls crypto task force bill
27.7.2021
The proposed crypto task force will examine the impact of crypto and digital currencies across the Commonwealth of Pennsylvania
EU Proposes Law to ‘Ensure Full Traceability’ of Crypto Transfers, Ban Anonymous Wallets
21.7.2021
The European Commission has proposed legislation to “ensure full traceability of crypto-asset transfers, such as bitcoin,” in order to prevent and detect “their possible use for money laundering or terrorism financing.” Moreover, “anonymous crypto asset wallets will...
Turkish Draft Law Regulating Cryptocurrencies Enters Parliament in October
21.7.2021
The Turkish government has prepared a bill designed to implement new regulations for the country’s crypto space. The legislation, which will be filed in the parliament this fall, will introduce taxation for crypto holdings and specific capital requirements for companies operating with digital...
Jackson, Tennessee Mayor Praises Bitcoin’s Benefits Against Inflation, Aims to Create a BTC Hub
18.7.2021
Jackson, Tennessee’s mayor is a fan of bitcoin and he wants the city to become a bitcoin hub in order to entice technology companies and innovation. Jackson’s mayor Scott Conger is in the midst of discussing creating legislation that allows Jackson residents to pay property taxes with...