US lawmakers issue warnings about digital yuan as Winter Olympics kicks off
“Do not accept any digital yuan,” said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China. Go to Source Powered by WPeMatico
Law
Auto Added by WPeMatico
PoS validator turns down IRS tax refund offer, pushes for clear policy on staking taxation
The Tezos validator who took the IRS to court argues that staking rewards should be treated as created property rather than income. Go to Source Powered by WPeMatico
Law Decoded: Russia flounders, America competes, IMF keeps fuming, Jan. 24–31
Uncertainty about crypto regulation can engender internal disagreement even within seemingly monolithic governments. Go to Source Powered by WPeMatico
Averted a year ago, controversial transaction monitoring rule is back on Treasury’s radar
The Treasury will consider imposing KYC regulations on transactions involving self-custodied wallets. Go to Source Powered by WPeMatico
Blockchain is just a database without crypto, legal expert says
Separating blockchain from crypto leaves all the exciting opportunities out, legal expert Elçin Karatay told Cointelegraph. Go to Source Powered by WPeMatico
Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law Suggests
A new Russian law may oblige potential crypto investors to take a test before being allowed to purchase digital assets over a certain limit. The authors are also hoping to regulate cryptocurrency mining and cut access to cheap energy for those who mint coins in their homes. Bill to Bring ‘Tight Regulation’ to Crypto Industry, … Read more
Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils
A roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law enforcement agencies, Russian media reported. The document, which aims to regulate Russia’s crypto market by the end of this year, comes amid disagreements between the central bank and other government institutions about the future of decentralized digital money in … Read more
U.S. Congressman wants to scrub bill provision that crypto advocates say is a potential disaster
Representative Ted Budd stated that the provision would let the Treasury unilaterally prohibit certain financial transactions without public input. Go to Source Powered by WPeMatico
Staying cool: Is crypto snowballing to 1 billion users this year?
Demographics rule: “Younger people are more likely to embrace crypto than older generations.” Meanwhile, the Great Transfer of Wealth is coming. Go to Source Powered by WPeMatico
House members urge US Treasury Secretary to clarify definition of broker in infrastructure law
“We must ensure requirements imposed on the digital asset ecosystem are both crafted and implemented in such a way to ensure the United States remains at the forefront of financial innovation,” said the letter to Janet Yellen. Go to Source Powered by WPeMatico