Russia, one of the world’s most powerful economies, is setting up a financial policy that, when implemented, will recognize digital assets, including crypto, as a form of currency alongside fiat...
Tag: Proposes
Tennessee Lawmaker Proposes Crypto-Friendly Bills
The two bills introduced on February 2 would allow the state of Tennessee to invest in crypto and form a committee dedicated to studying the crypto industry. Amendment To Let State Invest In Crypto A...
Luna Foundation Proposes $450M Cash Injection to Boost Anchor DeFi Protocol Reserves
The Luna Foundation Guard (LFG) proposed on Feb 8 to replenish the Anchor Protocol yield reserves by $450 million. The Foundation is stepping in to help the DeFi lending and borrowing protocol keep it...
Tennessee lawmaker proposes allowing the state to invest in cryptocurrencies and NFTs
advertisement A bill introduced in Tennessee’s legislature would, if approved, allow the state and other municipalities to invest in cryptocurrency and non-fungible tokens (NFTs). House Bill 264...
Kazakhstan proposes power price hikes and taxes targeting crypto miners
The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry. On...
Russian lawmaker proposes 15% tax on crypto miners
As per local media reports, one of the leading Russian lawmakers has proposed a minimum 15% tax on crypto miners. Vladimir Gutenev, the head of the state Duma industry committee believes that crypto m...
Russian Association of Power Suppliers Proposes Measures to Prevent Home Mining – Mining Bitcoin News
The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association believes the phenomenon is the main...
India Proposes 30% Tax on Crypto Income, Announces Digital Rupee Launch
The government of India revealed on Tuesday that it would be launching a digital rupee and start taxing income from crypto, The Hindustan Times reported. In her Budget 2022 presentation, Indian financ...
Cardano Developers Proposes Block Size Increase
Input Output, the development company behind the Cardano network, proposed increasing the network’s block size by 11% on Wednesday. “We have proposed the next parameter update as we continue to ...
India to Launch CBDC by 2022-2023, Proposes 30% Tax on Crypto Income
Having made this declaration on the digitized rendition of the Indian rupee, India’s first Woman Finance Minister also offered the implementation of a thirty percent tax on crypto that focuses on the ...
India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions – Regulation Bitcoin News
The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in trans...
Arizona State Senator proposes the use of Bitcoin (BTC) as legal tender
The senator for Arizona, Wendy Rodgers, has introduced a bill that intends to make Bitcoin (BTC/USD) legal tender. While the state law could allow this, there could be major hurdles in the federal law...
Arizona State Senator Proposes a Bill to Make Bitcoin Legal Tender
A state senator has introduced a bill in Arizona that seeks to make bitcoin a legal tender. Although the US federal law doesn’t allow the states to create their currencies, the bill may spark an inter...
Russia Finance Ministry Proposes to Regulate Crypto Instead of Banning It
The Ministry of Finance proposed a regulatory framework that would enable cryptocurrency transactions to be carried out through Russia’s banking system, with infrastructure to monitor and identify tra...
Myanmar Military Government Proposes to Jail Digital Currency and VPN Users – Regulation Bitcoin News
Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders w...
Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining – Regulation Bitcoin News
True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A cons...
Russia’s Central Bank Reportedly Proposes a Total Crypto Ban
The central banking institution of the largest country by landmass – the Bank of Russia – urged the local government to impose a blanket ban on all cryptocurrency endeavors on Russian territory. It ar...
Bank of Russia proposes a total crypto ban
TL;DR Breakdown: The Bank of Russia has suggested a complete ban on crypto. The proposal wants to ban crypto mining, trading, and usage in the country. However, owning cryptocurrencies would still b...
Russia’s Central Bank Proposes Ban on the Use and Mining of Crypto
On Thursday January 20, the Bank of Russia published a report that proposes ban of the use and mining of cryptocurrencies within Russian territory. In the report, the Central Bank of the Russian Feder...
Russian central bank proposes blanket ban on crypto mining and trading
In a report published on Thursday, The Central Bank of Russia has called for a blanket ban on domestic cryptocurrency trading and mining. The report titled “Cryptocurrencies: trends, risks, meas...
UK’s Financial Regulator Proposes to Treat Crypto Similarly to Other High Risk Investments
The Financial Conduct Authority (FCA) – the top monetary regulator in the United Kingdom – proposed to tighten the rules on how high-risk investments such as digital assets are advertised. The watchdo...
UK Regulator Proposes Policy To Curb Misleading Crypto Ads
The government in the UK moves to protect consumers from false cryptocurrency-related advertisements on public platforms and spaces. To achieve this, crypto promotions will fall under the purview of t...
HM Treasury Proposes New Legislation On Misleading Crypto Ads
Her Majesty’s Treasury, the UK government’s economic and finance ministry, announced today that it is studying ways of creating regulatory legislation that would address the challenge of misleading ad...
Minnesota representative proposes bill to prevent Federal Reserve from issuing a CBDC
The US Federal Reserve is currently looking into the potential of a central bank digital currency (CBDC), with the report about the pros and cons of a digital dollar expected to be released in the com...
US legislator proposes bill pointed toward restricting Fed’s ability to issue CBDC
Tom Emmer to introduce a bill intended to prevent the Federal Reserve from acting as a retail bank Bill will prohibit the Fed from issuing CBDC Experts opine that Feds shouldn’t have the authority to ...
Jack Dorsey proposes the creation of a legal defense fund for BTC developers
Jack Dorsey, the CEO of Block, has announced plans to form Bitcoin Legal Defense Fund, a non-profit organization that would offer Bitcoin developers legal protection. Dorsey suggested this idea throug...
Consortium of U.S. Banks Proposes “USDF” Stablecoin
Key Takeaways A group of U.S. banks has formed the USDF Consortium, which has the goal of creating a bank-backed stablecoin. The Consortium says it wants to offer a “more secure” stablecoi...
Jack Dorsey proposes a Bitcoin legal defense fund to protect developers
Jack Dorsey, former Twitter CEO and founder revealed new plans to create a Bitcoin Legal Defense Fund in association with Alex Morcos, founder of Chain-co labs, and Martin White, a computer science te...
Jack Dorsey proposes a non-profit legal fund for crypto developers
TL;DR Breakdown Earlier today, the former Twitter CEO Jack Dorsey wrote a letter of Bitcoin-dev mail proposing a legal fund for developers. He explained that the fund would help protect developers as ...
California proposes $6.1 billion on electric vehicle initiatives
California Governor Gavin Newsom holds a copy of the California State budget after ceremonially signing it during a rally in Los Angeles, Tuesday, July 13, 2021. Hans Gutknecht | MediaNews Group | Get...
California Governor Newsom Proposes Record $213 Billion Budget
(Bloomberg) — California Governor Gavin Newsom on Monday unveiled a $213 billion general fund budget for the next fiscal year, buttressed by a $45.7 billion surplus as the most populous U.S. sta...