During the hearing, Republicans were quite aggressively asked about the situation and requirements of legislation for CBDCs, the so-called Digital Dollar On 26th May, the United States Financial Servi...
Tag: Legislation
Cyprus Completes Proposed Legislation Draft on Bitcoin, Filing in Near Future
Bitcoin News Cyprus, according to Kokkinos, has an “enviable position” in the EU for innovation. Institutional adoption of cryptocurrency is on the rise in Europe. Many nations are pushing forward wit...
Crypto CEOs are courting Brazil’s central bank as legislation moves through National Congress
CEOs from two cryptocurrency exchanges were scheduled to meet with Brazil’s Central Bank president Roberto Campos Neto in the past few days, indicating that talks between industry and the government a...
House Democrats to hold hearings, introduce legislation
House Democrats will hold hearings on the baby formula shortage in the U.S., and move to pass legislation to increase Food and Drug Administration inspection staff to ensure that imported products are...
Terra Meltdown Concerns European Officials; Renews Call for Legislation
European officials have called for immediate regulation of crypto in light of the Terra-led market crash. Bank of France Governor Francois Villeroy de Galhau said at a conference: “Crypto-assets could...
UK tax legislation allows crypto investors to ‘bank’ losses to reduce tax bill
Despite the recent cryptocurrency market decline, investors in the United Kingdom may be able to “bank” their cryptocurrency losses to lower their taxable income. Crypto assets are not subject to the ...
U.K. Treasury Confirms Stablecoin Legislation Part of Upcoming Bill
Key Takeaways Her Majesty’s Treasury has confirmed plans to regulate stablecoins as a form of payment in the U.K. The legislation will be part of a new Financial Services and Markets Bill designed to ...
Stablecoins Receive Queen’s Blessings As UK Braces For Landmark Crypto Legislation
Prince Charles spoke on behalf of the Queen of England (citing health reasons) at the House of Lords last week, outlining her government’s legislative priorities and listing the measures it intends to...
Terra disaster fuels Congressional work on stablecoin legislation
As Terra and Luna spiral, lawmakers are finding themselves pulled into the crypto orbit. Stablecoins have been a priority for US lawmakers since November. Following TerraUSD’s collapse this week, Cong...
South Korea Plans Crypto Legislation By 2024, Leaked Report
In a move that will see South Korea become even more crypto-friendly, President Yoon has announced his intention to establish a new regulatory framework for the crypto industry by 2024. With this new ...
Congress Picks Populism Over Increased Supply With Price Gouging Legislation
WASHINGTON – APRIL 26: U.S. Senator Chuck Schumer (D-NY) reacts as he leaves a news conference on … [+] high gasoline prices at a gas station on Capitol Hill April 26, 2006 in Washington, ...
The Blockchain Group Lobbies Against Legislation Designed to Prevent Russians from Using Crypto
The Blockchain Group is working to prevent members of Congress from passing legislation that would place sanctions on oligarchs or individuals in Russia for using cryptocurrency. The organization clai...
Abortion Rights Bill Fails In Senate—Again—Ahead Of Supreme Court Ruling
Topline The Senate voted against moving forward with the Women’s Health Protection Act (WHPA) Wednesday, which would codify abortion rights into federal law, blocking the measure in a 49-51 vote with ...
US Treasury Secretary Yellen points to UST slip, asks for new stablecoin legislation by the end of 2022
Treasury Secretary Janet Yellen is still calling for stablecoin legislation by the end of the year. In response to questioning on stablecoins from Senator Pat Toomey (R-PA) at a May 10 hearing, Yellen...
Treasury’s Yellen Highlights Terra Collapse in Call for Stablecoin Legislation
Treasury Secretary Janet Yellen today said that stablecoins need to be regulated by this year. In a hearing Tuesday, Secretary Yellen said that although digital assets may “promote innovation,” they c...
Louisiana Lawmakers Advance Bill Making Abortion Homicide—Even If Roe V. Wade Isn’t Overturned
Topline Louisiana lawmakers advanced a bill out of committee Wednesday that could make having an abortion grounds to be charged with homicide, going far beyond other state-level punishments for aborti...
Senators are proposing a tax exemption for capital gains on cryptocurrencies for upcoming new legislation – should users be worried?
Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) are proposing a tax exemption for capital gains on cryptocurrencies up to a specific amount as part of upcoming legislation to regulate cry...
Oklahoma lawmakers advance bitcoin mining legislation
The lower chamber of Oklahoma’s state legislature approved a bitcoin mining-focused bill this week. As previously reported by The Block, the Commercial Digital Asset Mining Act of 2022 is among ...
Senators Bragg As Well As Lummis Talk About How The US As Well As Australia Are Working Together On Cryptography Legislation
Consumer and investor interests are protected on an equal footing, while flexibility, ingenuity, and experimentation are encouraged. He went on to say, Regulation that provides a safety net when the m...
Gibraltar Introduces New Legislation to Combat Insider Trading and Market Manipulation
The Gibraltar Financial Services Commission (GFSC) has updated its regulatory guidelines for the digital currency ecosystem to include a 10th clause that addresses insider trading and market manipulat...
Gibraltar Introduces Legislation Governing Virtual Assets
The Government of Gibraltar published a new set of guidelines to regulate the cryptocurrency sphere in the country on Wednesday. According to the official publication, the GFSC and a specialist Workin...
Mexica can soon have its CBDC legislation
CBDC legislation has been planned by the professional Bitcoin Mexican legislator. Indria Kempis, Mexican senator for the State of Nuevo León, has introduced a bill to formalize the inclusion of virtua...
Mexican Senator Proposes CBDC Legislation After Promising Bitcoin Legal Tender Bill
Indria Kempis – Mexican senator for the State of Nuevo León – has introduced a bill to formalize the inclusion of virtual assets as a form of currency that may circulate in Mexico. However, it propose...
Lobbyists Are Helping Draft US Crypto Legislation, Claims Report
Across the U.S., a wave of pro-crypto legislation is sweeping through the states. But closer inspection reveals lobbying by crypto companies is behind it. The New York Times reported that cryptocurren...
European Union Slams Russian Crypto Investors With New Rules in Latest Legislation
In response to the ongoing war in Ukraine, the European Union (EU) is hitting Russian crypto traders with new restrictions. According to the Official Journal of the EU, the union has expanded on the s...
Legislation to reduce risks from El Salvador’s Bitcoin Law
Two House members have submitted legislation aimed at reducing the dangers to the US financial system as a result of El Salvador’s adoption of Bitcoin (BTC) as a legal tender. Legislation’s companion ...
Georgian central bank prepares legislation to regulate the crypto market
Georgia, the country on the Black Sea, is preparing to regulate its cryptocurrency market. National Bank of Georgia Governor Koba Gvenetadze told The Financial on Monday that the central bank has alre...
New legislation calls for US State Department reporting on crypto in Russia and Ukraine
New legislation aims to push the US Department of State to do more reporting on crypto — including on its own anti-ransomware whistleblower program. On March 31, Congressmen Gregory Meeks (D-NY) and...
Seems To Be Control Really Possible Because The US As Well As EU Compete For Supremacy In Cryptocurrency Legislation
All of the advantages of economic globalization will be available without the need for centralized control thanks to cryptocurrency. No one enjoys losing control, especially when it comes to global is...