‘Historic week’ as stablecoin, self-custody bills advance to House floor
The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets. Go to Source Powered by WPeMatico
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US crypto’s future could fall on these 4 digital asset bills
The crypto bills could hand power to the purportedly more crypto-friendly CFTC and better define the SEC’s jurisdiction. Go to Source Powered by WPeMatico
North Carolina House passes bill to commission study on holding Bitcoin
The study would examine the possible impact of holding crypto and how the state would custody a digital currency. Go to Source Powered by WPeMatico
Texas lawmakers propose a gold-backed state digital currency
The bills state that the trustee must hold a sufficient amount of gold in reserve for all units of digital currency that have been issued and are still in circulation. Go to Source Powered by WPeMatico
Controversial ‘Tiktok Ban Bill’ Sparks Concerns Among Cryptocurrency and Technology Advocates
Cryptocurrency and technology proponents have recently been discussing a new bipartisan bill called the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT)” Act. In addition to targeting firms such as Kaspersky, Huawei, and Tiktok, opponents of the bill believe one of its provisions will punish ordinary Americans for leveraging a … Read more
Russian Parliament Votes on Bill Opening Door for Digital Ruble
Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency. Russian State Duma Passes Digital Ruble Draft Law on First Reading The lower … Read more
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in … Read more
Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced Labor Awaits Miners and Traders Who Operate Outside Law, … Read more
Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners
The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability for those who mint digital coins illegally. Adoption of Russian Crypto Mining Legislation Postponed Again A bill … Read more
Montana’s ‘right to mine’ crypto bill moves closer to passing as law
The bill seeks to enshrine crypto miners’ rights and will still have to pass muster in the states House before its signed into law by the governor. Go to Source Powered by WPeMatico
