In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia. Also read: Bitcoin Legal in India — Exchanges Resume INR […]
The post Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures appeared first on Bitcoin News.
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The U.S. state of Illinois has advanced a bill to consider unclaimed cryptocurrencies at custodians abandoned after five years. The coins will then be liquidated and the proceeds remitted to the State Treasurer. The cryptocurrency owners will have no recourse against the custodians or the state. Also read: US Lawmaker Introduces Crypto-Currency Act of 2020 […]
The post US State Wants to Legally Seize Unclaimed Cryptocurrencies Left at Custodians appeared first on Bitcoin News.
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A U.S. congressman from Arizona has introduced the Cryptocurrency Act of 2020 while under coronavirus quarantine. The bill clarifies which federal agencies regulate which type of crypto assets. “It’s crucial that America remains the global leader in cryptocurrency,” the lawmaker said. Also read: Bitcoin Legal in India — Exchanges Resume INR Banking Service After Supreme […]
The post US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine appeared first on Bitcoin News.
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