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Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official
21.1.2023
An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India (RBI), has stressed that “cryptocurrency does not have any underlying...
UK Trade Groups See Opportunity in Document Bill Under Debate in Parliament
19.1.2023
The bill which is being debated in Parliament could see blockchain technology being used as a way to store documents
Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy
19.1.2023
The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the new currency will be “preserving privacy by default...
French central bank governor pushes for crypto licensing ahead of EU laws
6.1.2023
The Bank of France’s head said turmoil in the crypto markets proves the need to move to a mandatory licensing scheme for crypto firms "as soon as possible."
Italian Parliament Approves 26% Tax for Cryptocurrency Gains in 2023 Budget Law
2.1.2023
The Italian Parliament has introduced a 26% capital tax on cryptocurrency gains as part of the 2023 budget law, which was approved on Dec. 29. The document also offers incentives for taxpayers to declare their cryptocurrency holdings, proposing a 3.5% aliquot for undeclared cryptocurrencies held...
Bill on Digital Ruble Submitted to Russian Parliament
1.1.2023
A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form of national fiat will be issued and amends a series of legal acts to facilitate its implementation. Bank of Russia to...
Italian Parliament Approves 26% Crypto-Gains Tax in 2023 Budget
30.12.2022
Italian Prime Minister Giorgia Meloni's new bill also includes an incentive for those declaring crypto for tax purposes
Russia to Ban Banks From Using Messengers Like Telegram to Contact Customers
25.12.2022
Financial institutions in Russia will not be able to communicate with clients through instant messengers based outside the country, local media revealed. A new law passed by the State Duma also prohibits banks from using chats to send personal data and payment documents. Bill Restricts Russian...
Russian Parliament Postpones Adoption of Crypto Mining Bill
24.12.2022
Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in Russia amid sanctions limiting the country’s access...
Indian Government Updates Parliament on Cryptocurrency Bill and Investigations of Crypto Exchanges
20.12.2022
The government of India has provided some updates on its cryptocurrency bill and investigations of crypto exchanges in Lok Sabha, the lower house of India’s parliament. “Crypto assets are by definition borderless and require international collaboration to prevent regulatory...
Wanted Russian Parliament Member May Own a Crypto Broker in Moscow: Report
19.12.2022
Local media connected Andrei Lugovoi, a Russian politician accused of serious crimes in the U.K., to a cash-based OTC in Moscow
Eva Kaili arrest a ‘setback’ for EU crypto regulations, economist says
19.12.2022
European Parliamentarian Eva Kaili’s arrest under allegations of corruption is being labeled as a blow to crypto and blockchain adoption
Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported
10.12.2022
The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal regimes in Russia, as an exception. Russia’s Central...
Brussels Wants All Crypto Service Providers to Report Transactions of Europeans
9.12.2022
The European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are based, will have to abide by the new rules. EU...
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
8.12.2022
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate...
EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity
3.12.2022
In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in crypto-assets (MiCA).” According to the parliamentary body’s think tank, the envisaged regulations are expected to provide “legal certainty...
FTX proves MiCA should be passed fast, officials tell European Parliament committee
30.11.2022
In its latest hearing on FTX, the committee looked to financial officials to assess the impact of FTX’s collapse in Europe, and suggest a way forward
Belgium says BTC, ETH and other decentralized coins are not securities
25.11.2022
Belgium's take on what conditions must be met in order for a crypto asset to be classed as a security are in contrast to the views of U.S. Securities Exchange Commission Chairman Gary Gensler
Russia Prepares to Create Government-Controlled Crypto Exchange
24.11.2022
Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in the billions of rubles, pointed out one of...
Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to Crypto
13.11.2022
The Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now working on a set of regulatory proposals that will be submitted to parliament by the end of the year....