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The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents from a recent meeting have indicated. The executive power in Moscow favors regulation over the prohibition of cryptocurrencies and related activities. Government Inclined to Legalize Rather Than Ban Cryptocurrency in … Read more
A 600-page document proposes changes to the definition of an exchange that could extend to include DeFi protocols. Go to Source Powered by WPeMatico
A provision originally included in the bill had critics saying the Treasury Secretary would not have had limits on surveilling crypto firms suspected of illicit transactions, nor open the matter to include public feedback. Go to Source Powered by WPeMatico
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply Exceeds Demand on Russian Market for Mining Chips Mining hardware is … Read more
House Representative Suzan DelBene, introducing the latest iteration of the bill, said the United States needs to “ensure that our tax code evolves with our use of virtual currency.” Go to Source Powered by WPeMatico
Leading exchanges, polled by the Russian press, have indicated they are not afraid of the upcoming strict crypto regulations. A requirement for coin trading platforms to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency Exchanges to Set Up Shop in Russian Federation Some … Read more
Russians may own more cryptocurrency than previously thought, a new estimate reportedly used by the government has indicated. The quoted figure amounts to over a tenth of the global holdings and may serve as an impetus for the government to regulate Russia’s crypto market rather than outlaw it. Estimated 12% of Crypto Allegedly Held by … Read more
Meta’s Diem co-creator David Marcus said that he was a “big fan of Bitcoin,” calling it digital gold back in 2019. Go to Source Powered by WPeMatico
Colombia’s tax authority is tightening the screw on Bitcoin and cryptocurrency-related tax evasion against a backdrop of burgeoning cryptocurrency adoption. Go to Source Powered by WPeMatico
“The proposal includes very expansive language, which, together with the chair’s apparent interest in regulating all things crypto, suggests that it could be used to regulate crypto platforms,” said Hester Peirce. Go to Source Powered by WPeMatico