Russian Duma creates working group to tackle crypto mining regulations
Some regulators feel that a lack of clear laws for the industry is helping crypto miners avoid paying taxes. Go to Source Powered by WPeMatico
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Law Decoded: Which currency is the paycheck of your city’s mayor in? Nov. 1–7
The infrastructure bill has passed, much to the crypto community’s chagrin, yet the key battles lie ahead. Go to Source Powered by WPeMatico
Russia to Change 13 Laws and Codes for Digital Ruble
Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the national fiat needs to be regulated separately from other digital forms of money such as cryptocurrencies. Russia Prepares to Trial Digital Ruble, Officials Say CBDC … Read more
Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring
The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back Law Concerning Crypto Services in Kazakhstan Members of the upper house in Kazakhstan’s parliament, the … Read more
Brazilian federal deputy proposes crypto payment option for workers
Goulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies. Go to Source Powered by WPeMatico
Jack in the Box claims in court FTX US ripped off its character to create ‘Moon Man’
The filing shows FTX refused to stop using its mascot, claiming “Jack in the Box has only narrow protection limited to the behatted ping pong‐headed clown who exploded out of a box to sell burgers.” Go to Source Powered by WPeMatico
Connecticut jury finds crypto-related products are not securities
Once again, the question of whether digital assets constitute securities is under question. Go to Source Powered by WPeMatico
Aussie firm to launch $100M class action over dodgy QOIN token
The issuers of the Australian token QOIN are set to face a $100 million lawsuit accusing them of pyramid selling and fraud. Go to Source Powered by WPeMatico
Law Decoded: Sketching the boundaries of regulatory mandates, Oct. 25 – Nov. 1
U.S. financial regulators are close to working out the limits of their authority over at least one class of digital assets. Go to Source Powered by WPeMatico
Federal Security Service of Russia Seeks Powers to Obtain Information From Crypto Platforms
The Federal Security Service of the Russian Federation has issued a draft order allowing its agents to request information from cryptocurrency platforms among other organizations. The move follows changes made to the anti-corruption legislation in Russia, the agency noted. FSB Wants Access to Crypto Data for Anti-Corruption Checks in Russia Russia’s main law enforcement agency, … Read more