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Russian Lawmakers Urge Central Bank to Rethink Digital Ruble Plans
20.11.2023
Source: Alex Zarubi/Unsplash Russian lawmakers want the country’s Central Bank to ditch its current retail model digital ruble in favor of a wholesale alternative. Per Interfax, three State Duma committees submitted a joint response to the Central Bank’s monetary policy report for 2024-2026....
U.S. Crypto Lobby Spending Surpasses $20 Million in 2023, On Track to Beat 2022 Record
17.11.2023
Adobe Over $20 million has been spent on crypto-related lobbying in the United States this year, a new report shows. According to a recent CoinGecko report, the amount spent on cryptocurrency lobbying was $20.19 million, a figure set to break last year’s $22 million mark as recent data does...
Fourteen Ukrainian Officials Receive Advanced Crypto Crime Investigation Training
17.11.2023
Source: Pixabay Ukrainian lawmakers and officials have received advanced training on identifying and investigating crypto-related financial crimes. The United Nations Office on Drugs and Crime and the OSCE Economic and Environmental Activities have organized the 4-day course. Fourteen...
Binance Counter-Terrorism Specialist Steps Down Amidst Heightened Concerns on Crypto’s Role in Terrorism
17.11.2023
Source: Adobe Stock Jennifer Hicks, Binance’s Senior Counter-Terrorism Official, has officially resigned from the world’s largest cryptocurrency exchange, as disclosed on her LinkedIn profile. Having dedicated nearly two years to Binance, Hicks, an investigative specialist with prior...
58 US Lawmakers Probe Biden and Yellen on Hamas’ Crypto Operations
17.11.2023
Fifty-eight U.S. lawmakers have probed President Joe Biden and Treasury Secretary Janet Yellen regarding Hamas’ digital asset operations, as well as whether the U.S. has had success in seizing illicit cryptocurrencies. Despite reports that terrorist groups have raised millions in crypto,...
US Lawmakers Write to Treasury Department Seeking Amendment On Proposed Crypto Tax Rules
16.11.2023
Source: Pixabay A group of United States lawmakers have led an effort for a change in the proposed cryptocurrency tax regime announced by the Treasury Department. The group addressed a letter to the Department on Nov 15 urging the body to change its approach to regulating the sector specifically...
U.S. Lawmakers Urge Treasury to Revise Proposed Crypto Tax Rules
16.11.2023
A letter by a bipartisan group of U.S. lawmakers has urged the U.S. Treasury to revise its proposed digital-assets taxation regime
Crypto-Friendly Lawmakers Ask Biden, Yellen to Quantify Hamas' Digital Asset Fundraising
15.11.2023
A group of lawmakers led by
Russian Trade Ministry ‘Develops Tool That Lets Crypto Miners Evade Sanctions’
15.11.2023
Source: Oksana/Adobe Russia’s trade ministry says it has developed a tool that can help crypto miners evade Western sanctions. In a DumaTV post on the RuTube video-sharing platform, lawmakers explained that the Ministry of Industry and Trade had “developed a tool for conducting industrial mining...
U.S. lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain
9.11.2023
Furthermore, the act aims to explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether
Tether’s USDT and Chinese Blockchains Face Potential U.S. Government Ban
9.11.2023
Source: Washington DC The U.S. lawmakers are proposing a bill aiming to prohibit the U.S. government officials from transacting with Tether’s USDT, China-based blockchain networks, and “other foreign adversaries.” The U.S. Representatives Zach Nunn (R-IA) and Abigail Spanberger (D-VA) have...
Crypto Regulation News Weekly Digest: SafeMoon Executive Charges and FinCEN’s Mixing Service Proposal
7.11.2023
Last week saw major regulatory actions against crypto mixing services and alleged fraud along with pushback from lawmakers. Image by Andrii, Adobe Stock. The cryptocurrency industry increasingly finds itself under the purview of regulators striving to balance innovation with consumer protection...
Kenyan lawmakers ask local Blockchain Association to come up with crypto bill
7.11.2023
Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto
Russian Politicians Want to Ban Private Citizens from Mining Crypto
1.11.2023
A senior Russian politician has claimed that lawmakers want to bar private citizens from mining crypto – but will allow industrial miners to operate. The comments came from Anton Tkachev, the Deputy Head of the State Duma’s Committee on Information Policy, Information Technologies,...
Coinbase-Backed Advocacy Group Enlists Crypto Masses, Raises $2M From 80,000
31.10.2023
A Coinbase (COIN) effort to drum up a cross-country swell of amateur crypto advocates – the nonprofit Stand With Crypto – has paid off with a surge of more than 100,000 individuals getting involved in the opening weeks, organizers say
WSJ debacle fueled US lawmakers’ ill-informed crusade against crypto
30.10.2023
The Wall Street Journal corrected its misreporting about crypto funding Hamas, but it was too late to stop lawmakers from amplifying false claims
US Lawmakers Ask DOJ to Consider Criminal Charges Against Binance and Tether
28.10.2023
Two U.S. lawmakers have asked the U.S. Department of Justice (DOJ) to consider criminal charges against Binance and Tether, alleging that the two crypto platforms were used to fund Hamas. “We urge the Department of Justice to carefully evaluate the extent to which Binance and Tether are providing...
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental 'Misunderstanding'
27.10.2023
When crypto mining is discussed in the U.S. Congress, it's often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this week to argue their businesses can help stabilize the power...
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...
Lawmakers Urge DOJ to Decide on Binance and Tether’s Role in Crypto Funded Terrorism Linked to Hamas and Israel Conflict
26.10.2023
Today, as the U.S. Department of Justice (DOJ) evaluates possible criminal charges against Binance and Tether, two prominent U.S. lawmakers are emphasizing the urgency of the matter. U.S. Senator Cynthia Lummis (R-Wy.) and Representative French Hill (R-Ark.) dispatched a letter to Attorney General...