amendments – DIGIT INFO

Russian Parliament Votes on Bill Opening Door for Digital Ruble

DIGIT — Sat, 18 Mar 2023 07:30:50 +0000

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 […]

Go to Source

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

DIGIT — Sat, 18 Mar 2023 04:30:29 +0000

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 […]

Go to Source

Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations

DIGIT — Thu, 16 Feb 2023 21:00:21 +0000

The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted. Uzbekistan Updates Rules for Operations With Proceeds From Crypto Exchange Transactions The Central Bank of […]

Go to Source

Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading

DIGIT — Sat, 04 Feb 2023 10:00:29 +0000

Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market and improvements to the structure of exchange platforms. Kazakhstan’s Financial Hub Seeks to Amend Its Concept for Trading Digital Assets The Astana Financial Services Authority, […]

Go to Source

Bill on Digital Ruble Submitted to Russian Parliament

DIGIT — Sun, 01 Jan 2023 07:00:33 +0000

A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form of national fiat will be issued and amends a series of legal acts to facilitate its implementation. Bank of Russia to Be the Sole Operator […]

Go to Source

Russia Prepares to Create Government-Controlled Crypto Exchange

DIGIT — Thu, 24 Nov 2022 14:30:34 +0000

Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in the billions of rubles, pointed out one of the participants in these efforts. Legislators Want Russia to Have Its Own […]

Go to Source

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

DIGIT — Mon, 21 Nov 2022 06:50:15 +0000

A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the applicable legislation. Advisory Board to Take On Matters Related to Cryptocurrency Taxation in Ukraine The National Securities […]

Go to Source

Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads

DIGIT — Sat, 19 Nov 2022 11:00:27 +0000

Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted advertising of crypto-related products and services. New Attempt to Legalize Cryptocurrency Mining in Russia After months of deliberations, efforts continue in […]

Go to Source

Brussels to Spur Rollout of Instant Payments in Euro, Proposes Legislation

DIGIT — Sat, 29 Oct 2022 10:30:48 +0000

The European Commission has approved a proposal to accelerate the introduction of euro instant payments. The technology is there and Europeans should be able to send and receive money immediately, the executive body said, revealing its intentions to push the industry toward wide adoption. EU Moves to Make Instant Payments Widely Available Throughout Europe A […]

Go to Source

Georgia to Update Crypto Regulations to Incorporate EU Rules, Legalize Industry

DIGIT — Thu, 01 Sep 2022 14:00:32 +0000

The government of Georgia has approved amendments to the legal framework for the Caucasian nation’s financial sector, including additional regulations for crypto and fintech activities. The move aims to align Georgian law with relevant EU provisions. Parliament of Georgia to Vote on Crypto Legislation in Coming Months A legislative package expanding the regulatory framework for […]

Go to Source