committee – DIGIT INFO

‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament

DIGIT — Thu, 26 Jan 2023 08:30:12 +0000

Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators Approve Draft Law Implementing the Basel III Capital Regulations for Banks Members of […]

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FTX customers want more info on FTX’s plans to sell subsidiaries

DIGIT — Fri, 06 Jan 2023 05:26:17 +0000

While the Ad Hoc Committee does not want to prevent the sales from occurring, it argued it needs to be involved to ensure that customers’ interests are represented.

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Argentina Organizes National Blockchain Committee to Implement State Level Strategy

DIGIT — Sat, 10 Dec 2022 05:30:41 +0000

The government of Argentina has designated a national blockchain committee in order to establish the directives for a state-level blockchain adoption strategy. In a document, Argentina remarks on the importance of this tech for the future and presents several use cases that would benefit from the introduction of blockchain for the digital transformation of the […]

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Key EU Parliament Committee Approves MiCA Deal to Regulate Crypto

DIGIT — Wed, 12 Oct 2022 11:30:24 +0000

European Parliament’s economic committee has backed the adoption of the comprehensive Markets in Crypto Assets (MiCA) regulation. It has also supported the introduction of rules for tracing cryptocurrency transfers, part of the latest EU anti-money laundering push. European Union’s MiCA Crypto Law Passes Another Hurdle Before Final Adoption The European Parliament Committee on Economic and […]

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Europe’s MiCA Crypto Rules Submitted, ECON Committee to Vote in Mid-March

DIGIT — Wed, 09 Mar 2022 13:30:43 +0000

The European Union’s regulatory proposal for crypto markets, MiCA, has been filed with the European Parliament. The latest version of the draft framework does not feature a controversial provision that could have effectively prohibited cryptocurrencies like bitcoin that rely on proof-of-work mining. Economic and Monetary Affairs Committee to Vote on Latest MiCA Draft on March […]

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Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says

DIGIT — Sun, 23 Jan 2022 08:30:40 +0000

Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining. Mining and Some Stablecoins Can Be Legalized in Russia, Duma Deputy Insists […]

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Financial Market Committee Chair Aksakov Joins Calls for Identification of Russian Crypto Owners

DIGIT — Wed, 19 Jan 2022 06:30:02 +0000

Anatoly Aksakov, head of the Financial Market Committee at the Russian parliament, has reiterated a warning for cryptocurrency investors and insisted that Russians owning coins should declare their digital assets. The parliamentarian also urged for the comprehensive regulation of crypto mining and taxation. Aksakov Warns Russian Crypto Investors They Can Lose Everything Russians have put […]

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Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs

DIGIT — Mon, 03 Jan 2022 11:00:55 +0000

Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing. Ruling Party of South Korea […]

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Russians Have Invested Over $67 Billion in Cryptocurrency, Lawmaker Reveals

DIGIT — Tue, 21 Dec 2021 13:15:25 +0000

Interest in cryptocurrencies has been growing in Russia, not least among non-qualified investors. According to recently quoted estimates, Russians have already put more than $67 billion into the crypto market, the capitalization of which has increased significantly this year. Russians Spent Some 5 Trillion Rubles on Crypto Russian residents have swapped 5 trillion of their […]

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Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn

DIGIT — Sat, 20 Nov 2021 12:30:04 +0000

Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may arise in the field of information security. Financial Market Committee Sees Threats in Digital Ruble Project Russia’s digital fiat, currently under development, brings certain risks […]

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