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Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details
Recently, the Federation Council, the Upper House of the Russian Parliament, approved a new bill that outlines the taxation framework for cryptocurrencies. This bill classifies virtual digital currencies as property.
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US Airbnb Host Hit With Rs 1.25 Lakh Electricity Bill After Guests Mine Rs 84 Lakh In Crypto
An Airbnb host in the US was forced to add 'no cryptocurrency mining' to the list of instructions after a bizarre guest experience.
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Louisiana Joins Growing List of US States that Support Crypto Mining
Riding on the crypto wave, several states in the US have started inviting businesses related to crypto mining. In the latest development, the governor of Louisiana has signed a bill to foster the growth of businesses related to crypto mining activities in the state.
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‘Huge Win for Web3’: Indian Crypto Industry Reacts as US House’ Approves FIT21 Bill
Assessing the hold that the US has over the growth of the crypto industry, commentators from the Indian Web3 community say that US’ regulatory framework for crypto could show positive results. In conversation with Gadgets360, Sharedeum co-founder and CEO Nischal Shetty noted what it means for Indian crypto enthusiasts.
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US Lawmakers Pass FIT21 Crypto Bill That May Regulate SEC’s Involvement in Sector Oversight
The Financial Innovation and Technology for the 21st Century Act (FIT21) has been approved by the US House of Representatives. With this, the US has finally joined the list of nations alongside India, Japan, and South Korea among others -- that are working on bringing the volatile and exploitable digital assets sector under regulatory oversight.
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Cryptocurrency Firms Gemini, DCG, Genesis Sued in US for Alleged $1 Billion Fraud
New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.
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Digital Ruble Bill Signed by President Vladimir Putin Allowing Russia's Central Bank to Introduce CBDC
Vladimir Putin has signed the Digital Ruble Bill into law that clears the path for the central bank to issue its digital ruble CBDC central bank digital currency. The country's president has officially named the Bank of Russia as the sole operator for the digital ruble .
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UK Could Soon Legalise Freezing, Seizure of Crypto Assets Linked to Criminal Activities: Report
The UK Lords have reportedly passed the Economic Crime and Corporate Transparency Bill. This gives UK’s law enforcement agencies the authority to freeze and confiscate crypto assets linked to busted crimes. The approval from both of UK’s Houses will make the bill eligible to be signed into a law with the signature of King Charles attesting it.
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US Lawmakers to Vote on Cryptocurrency Bill in Coming Weeks
A key House Republican lawmaker said Tuesday that he intends to hold a committee vote on a comprehensive bill to establish a regulatory framework for cryptocurrency products in the coming weeks. He said he expects to put a bill forward for the panel to consider after lawmakers return to work on July 11.
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US Lawmakers Introduce Bill to Prohibit Digital Dollar Testing Due to Threat to American Liberties
US Congressman Alex Mooney has proposed a law called — the Digital Dollar Pilot Prevention Act (H.R. 3712). A total of 14 House Republicans have chosen to co-sponsor this bill along Mooney, who states in the proposal that CBDCs are “being used by authoritarian countries right now to crack down on dissent”.
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Tencent-Owned WeChat Adds In-App Support for China’s CBDC, Here’s Why
WeChat users in China will now be able to use the e-CNY CBDC to pay for eatables and bills via the multi-purpose app. Interested users will have to authorise their WeChat phone numbers with the government-controlled digital yuan wallet operator to activate the service.
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India’s Upcoming Digital Personal Data Protection Bill: Ten Things to Know About the Proposed Legislation
India’s much awaited Digital Personal Data Protection Bill (PDPB) has bagged a thumbs up from the Parliamentary Standing Committee on Communications and Information Technology this month. A senior government official has said that the upcoming data protection bill will change the way that people’s personal data is being harvested by companies.
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El Salvador Approves Bitcoin Bonds Bill, Will Legalise Bitcoin-Backed 'Volcano Bond'
El Salvador has officially legitamised Bitcoin bonds, in order to raise funds to repay the nation’s debts as well as bring in capital to fuel the construction of Nayib Bukele’s ambitions ‘Bitcoin City’. The domestic securities law, that had been making the rounds in the Salvadoran parliament for a while now, bagged 62 votes from the legisla...
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Turbulent Year for Cryptocurrencies Could Spur Progress Towards Regulatory Norms for Digital Assets in 2023
Cryptocurrency could see more regulatory norms in 2023, after a year of turbulence that saw the collapse of massive trading platform FTX. The Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "...
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Brazil Gets Crypto Laws, Industry Players Get 180 Days to Comply: Details
Jair Bolsonaro, the President of Brazil has signed the previously proposed crypto bill into a law. Upcoming crypto firms that aim to set up shop in Brazil, will also have to now obtain a relevant ‘virtual service provider’ licence to legally operate there. Under the new laws, once the crypto firms bag their approvals, they will be able to estab...
-
Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details
Recently, the Federation Council, the Upper House of the Russian Parliament, approved a new bill that outlines the taxation framework for cryptocurrencies. This bill classifies virtual digital currencies as property.
-
US Airbnb Host Hit With Rs 1.25 Lakh Electricity Bill After Guests Mine Rs 84 Lakh In Crypto
An Airbnb host in the US was forced to add 'no cryptocurrency mining' to the list of instructions after a bizarre guest experience.
-
Louisiana Joins Growing List of US States that Support Crypto Mining
Riding on the crypto wave, several states in the US have started inviting businesses related to crypto mining. In the latest development, the governor of Louisiana has signed a bill to foster the growth of businesses related to crypto mining activities in the state.
-
‘Huge Win for Web3’: Indian Crypto Industry Reacts as US House’ Approves FIT21 Bill
Assessing the hold that the US has over the growth of the crypto industry, commentators from the Indian Web3 community say that US’ regulatory framework for crypto could show positive results. In conversation with Gadgets360, Sharedeum co-founder and CEO Nischal Shetty noted what it means for Indian crypto enthusiasts.
-
US Lawmakers Pass FIT21 Crypto Bill That May Regulate SEC’s Involvement in Sector Oversight
The Financial Innovation and Technology for the 21st Century Act (FIT21) has been approved by the US House of Representatives. With this, the US has finally joined the list of nations alongside India, Japan, and South Korea among others -- that are working on bringing the volatile and exploitable digital assets sector under regulatory oversight.
-
Cryptocurrency Firms Gemini, DCG, Genesis Sued in US for Alleged $1 Billion Fraud
New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.
-
Digital Ruble Bill Signed by President Vladimir Putin Allowing Russia's Central Bank to Introduce CBDC
Vladimir Putin has signed the Digital Ruble Bill into law that clears the path for the central bank to issue its digital ruble CBDC central bank digital currency. The country's president has officially named the Bank of Russia as the sole operator for the digital ruble .
-
UK Could Soon Legalise Freezing, Seizure of Crypto Assets Linked to Criminal Activities: Report
The UK Lords have reportedly passed the Economic Crime and Corporate Transparency Bill. This gives UK’s law enforcement agencies the authority to freeze and confiscate crypto assets linked to busted crimes. The approval from both of UK’s Houses will make the bill eligible to be signed into a law with the signature of King Charles attesting it.
-
US Lawmakers to Vote on Cryptocurrency Bill in Coming Weeks
A key House Republican lawmaker said Tuesday that he intends to hold a committee vote on a comprehensive bill to establish a regulatory framework for cryptocurrency products in the coming weeks. He said he expects to put a bill forward for the panel to consider after lawmakers return to work on July 11.
-
US Lawmakers Introduce Bill to Prohibit Digital Dollar Testing Due to Threat to American Liberties
US Congressman Alex Mooney has proposed a law called — the Digital Dollar Pilot Prevention Act (H.R. 3712). A total of 14 House Republicans have chosen to co-sponsor this bill along Mooney, who states in the proposal that CBDCs are “being used by authoritarian countries right now to crack down on dissent”.
-
Tencent-Owned WeChat Adds In-App Support for China’s CBDC, Here’s Why
WeChat users in China will now be able to use the e-CNY CBDC to pay for eatables and bills via the multi-purpose app. Interested users will have to authorise their WeChat phone numbers with the government-controlled digital yuan wallet operator to activate the service.
-
India’s Upcoming Digital Personal Data Protection Bill: Ten Things to Know About the Proposed Legislation
India’s much awaited Digital Personal Data Protection Bill (PDPB) has bagged a thumbs up from the Parliamentary Standing Committee on Communications and Information Technology this month. A senior government official has said that the upcoming data protection bill will change the way that people’s personal data is being harvested by companies.
-
El Salvador Approves Bitcoin Bonds Bill, Will Legalise Bitcoin-Backed 'Volcano Bond'
El Salvador has officially legitamised Bitcoin bonds, in order to raise funds to repay the nation’s debts as well as bring in capital to fuel the construction of Nayib Bukele’s ambitions ‘Bitcoin City’. The domestic securities law, that had been making the rounds in the Salvadoran parliament for a while now, bagged 62 votes from the legisla...
-
Turbulent Year for Cryptocurrencies Could Spur Progress Towards Regulatory Norms for Digital Assets in 2023
Cryptocurrency could see more regulatory norms in 2023, after a year of turbulence that saw the collapse of massive trading platform FTX. The Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "...
-
Brazil Gets Crypto Laws, Industry Players Get 180 Days to Comply: Details
Jair Bolsonaro, the President of Brazil has signed the previously proposed crypto bill into a law. Upcoming crypto firms that aim to set up shop in Brazil, will also have to now obtain a relevant ‘virtual service provider’ licence to legally operate there. Under the new laws, once the crypto firms bag their approvals, they will be able to estab...
