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US Lawmakers Urge Joe Biden To Extend TikTok January 19 Ban Deadline
Two Democratic lawmakers on Monday urged Congress and President Joe Biden to extend a Jan. 19 deadline for China-based ByteDance to sell the U.S. assets of TikTok or face a U.S. ban.
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EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
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"Such A Case...": Bangladesh Skipper Najmul Hossain Shanto Breaks Silence On Murder Row Involving Shakib Al Hasan
Shakib, 37, who lost his job as a lawmaker for Hasina's Awami League party when parliament was dissolved, is "a big asset of our country," said Shanto in a post on Facebook late Monday.
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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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UK Government Plans to Bring New Rules for Stablecoins, Crypto Staking in Next Six Months
The UK government plans to get new rules governing stablecoins and staking services for cryptoassets approved by lawmakers within the next six months as pressure ratchets up to deliver on specific proposals ahead of an impending general election.
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Australian Banks Pull Back Support to ‘Risky’ Exchanges to Shake Up Crypto Sector
The National Australia Bank (NAB) has joined others in halting payments to crypto exchanges that have been most named in scam-related complaints. The development comes after almost 50 percent of scam funds reported to the Australian Financial Crimes Exchange in the last one month were related to cryptocurrency.
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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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Cryptocurrencies Like Bitcoin, Ether Should Be Regulated as Gambling, UK Lawmakers Say Citing Risks
Bitcoin, ether and other cryptocurrencies should be regulated as gambling given they are potentially used by fraudsters and pose significant risks to consumers, a panel of UK lawmakers said in a report on Wednesday.
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Kenyan Lawmakers Open Talks on Taxing Crypto, Here’s What's Known
A law is awaiting approval in Kenya, that would give crypto assets a nod of legalisation as tradeable assets. If and when the law gets approved, it would require investors to pay capital gains tax to the Kenya Revenue Authority. Kenyan banks would deduct a 20 percent excise duty on crypto transactions.
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Kraken Under US Treasury Investigation for Violating Sanctions Against Iran: Report
Popular crypto exchange Kraken has come under the radar of the US Treasury’s Office of Foreign Assets Control (OFAC) for allegedly violating sanctions. The Treasury is investigating whether Kraken allowed users in sanctions-hit countries to buy and sell cryptocurrencies.
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EU Parliament Proposes to Bring NFT Trading Platforms Under Anti-Money Laundering Law
A group of four lawmakers have proposed to being NFT trading platforms under the legal scanner to curb their exploitation by notorious entities. Since NFTs are valuable digital assets and are usually purchased in exchange of cryptocurrencies, they can be exploited as an instrument to facilitate instant cross-border financial transactions. Hence, th...
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Russia Approves Tax Break For Issuers Of Digital Assets
Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax.
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IMF MD Kristalina Georgieva Suggests People Not Abandon Crypto After Terra’s Brutal Crash
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF) has asked crypto investors to not abandon virtual assets after Terra’s recent downfall. While calling out global lawmakers to regulate cryptocurrencies, she asked investors to fund stablecoins backed by reserve assets. Georgieva has also emphasised on imparting k...
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Offshore Financial Services' Hub Panama Adopts Crypto, Passes Law To Permit Digital Assets' Use
Lawmakers in Panama's National Assembly on Thursday approved a bill to regulate the use and commercialization ofcryptoassets in the Central American country renowned as a hub of offshore financial services.
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Ukraine Crisis: US Senator Elizabeth Warren Working to Curb Scope of Sanction Evasions via Crypto for Russians
US Senator Elizabeth Warren will soon be releasing a bill instructing crypto exchanges in the US on how to lawfully handle Russian users against exploiting cryptocurrencies. Warren is among US lawmakers who are concerned that these decentralised financial assets could be used by Russians to evade sanctions imposed by the US in the backdrop of Russi...
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US Lawmakers Urge Joe Biden To Extend TikTok January 19 Ban Deadline
Two Democratic lawmakers on Monday urged Congress and President Joe Biden to extend a Jan. 19 deadline for China-based ByteDance to sell the U.S. assets of TikTok or face a U.S. ban.
-
EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
-
"Such A Case...": Bangladesh Skipper Najmul Hossain Shanto Breaks Silence On Murder Row Involving Shakib Al Hasan
Shakib, 37, who lost his job as a lawmaker for Hasina's Awami League party when parliament was dissolved, is "a big asset of our country," said Shanto in a post on Facebook late Monday.
-
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.
-
UK Government Plans to Bring New Rules for Stablecoins, Crypto Staking in Next Six Months
The UK government plans to get new rules governing stablecoins and staking services for cryptoassets approved by lawmakers within the next six months as pressure ratchets up to deliver on specific proposals ahead of an impending general election.
-
Australian Banks Pull Back Support to ‘Risky’ Exchanges to Shake Up Crypto Sector
The National Australia Bank (NAB) has joined others in halting payments to crypto exchanges that have been most named in scam-related complaints. The development comes after almost 50 percent of scam funds reported to the Australian Financial Crimes Exchange in the last one month were related to cryptocurrency.
-
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.
-
Cryptocurrencies Like Bitcoin, Ether Should Be Regulated as Gambling, UK Lawmakers Say Citing Risks
Bitcoin, ether and other cryptocurrencies should be regulated as gambling given they are potentially used by fraudsters and pose significant risks to consumers, a panel of UK lawmakers said in a report on Wednesday.
-
Kenyan Lawmakers Open Talks on Taxing Crypto, Here’s What's Known
A law is awaiting approval in Kenya, that would give crypto assets a nod of legalisation as tradeable assets. If and when the law gets approved, it would require investors to pay capital gains tax to the Kenya Revenue Authority. Kenyan banks would deduct a 20 percent excise duty on crypto transactions.
-
Kraken Under US Treasury Investigation for Violating Sanctions Against Iran: Report
Popular crypto exchange Kraken has come under the radar of the US Treasury’s Office of Foreign Assets Control (OFAC) for allegedly violating sanctions. The Treasury is investigating whether Kraken allowed users in sanctions-hit countries to buy and sell cryptocurrencies.
-
EU Parliament Proposes to Bring NFT Trading Platforms Under Anti-Money Laundering Law
A group of four lawmakers have proposed to being NFT trading platforms under the legal scanner to curb their exploitation by notorious entities. Since NFTs are valuable digital assets and are usually purchased in exchange of cryptocurrencies, they can be exploited as an instrument to facilitate instant cross-border financial transactions. Hence, th...
-
Russia Approves Tax Break For Issuers Of Digital Assets
Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax.
-
IMF MD Kristalina Georgieva Suggests People Not Abandon Crypto After Terra’s Brutal Crash
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF) has asked crypto investors to not abandon virtual assets after Terra’s recent downfall. While calling out global lawmakers to regulate cryptocurrencies, she asked investors to fund stablecoins backed by reserve assets. Georgieva has also emphasised on imparting k...
-
Offshore Financial Services' Hub Panama Adopts Crypto, Passes Law To Permit Digital Assets' Use
Lawmakers in Panama's National Assembly on Thursday approved a bill to regulate the use and commercialization ofcryptoassets in the Central American country renowned as a hub of offshore financial services.
-
Ukraine Crisis: US Senator Elizabeth Warren Working to Curb Scope of Sanction Evasions via Crypto for Russians
US Senator Elizabeth Warren will soon be releasing a bill instructing crypto exchanges in the US on how to lawfully handle Russian users against exploiting cryptocurrencies. Warren is among US lawmakers who are concerned that these decentralised financial assets could be used by Russians to evade sanctions imposed by the US in the backdrop of Russi...
