Argentine lawmaker introduces bill for workers to be paid in crypto
The proposal may help Argentinians in the export business avoid heavy taxes from foreign currency payments. Go to Source Powered by WPeMatico
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Russian lawmakers prepare legal amendment to confiscate crypto
Russia’s prosecutor general, Igor Krasnov, says new crypto regulations are needed to combat corruption as — in his view — digital assets are often used to facilitate crime. Go to Source Powered by WPeMatico
Class action lawsuit against Binance targets exchange’s futures trading
The investors in the class action suit allege they lost “tens of millions” of dollars due to not being able to manage their positions and view their balances during peak trading hours. Go to Source Powered by WPeMatico
Bithumb Hong Kong subsidiaries reportedly face civil suit from Thai partner
A Thai firm claims that Bithumb’s Hong Kong subsidiaries caused it serious damage by unilaterally halting its business in Thailand. Go to Source Powered by WPeMatico
Russia’s Famous Hermitage Museum Aims to Raise Funds With NFTs
The Hermitage Museum in Saint Petersburg is considering issuing NFTs for works of art from its rich collection and is holding talks with Binance on the matter. The museum’s management expects the tokens to bring extra funding, provided Russian authorities exempt NFTs from current digital assets regulations. Hermitage Museum in Talks With Binance for Artwork … Read more
New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate Exchange
Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the country, it aims to support cryptocurrency mining and regulate the exchange market. Draft Law Prohibits Crypto Payments in Islamic Republic Members of the Islamic Consultative … Read more
Proposed bill in Iran could ban all foreign-mined cryptocurrencies
Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments. Go to Source Powered by WPeMatico
Thai SEC and Cayman Islands regulator take action on Binance
Thai SEC and the Cayman Islands Monetary Authority are the latest regulators to join the global scrutiny against Binance. Go to Source Powered by WPeMatico
Kazakhstan to introduce new energy fees for crypto miners in 2022
The new law introduces an additional tax levy for energy used by crypto miners starting from January 2022. Go to Source Powered by WPeMatico
Kazakhstan Introduces Surcharge for Electricity Used by Crypto Miners
Cryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive industry. Coin Miners in Kazakhstan to Pay Extra Fee per Kilowatt-hour of Electricity Crypto mining entities … Read more