Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills

Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own BillsThe Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18. Media reports have revealed that Bank of Russia has been working on alternative bills. Russian Ministry of Finance to Open Consultations on New […]

Go to Source

Powered by WPeMatico

Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials

Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From OfficialsThe State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed the officials’ income. New Law Allows Russia to Prosecute Officials With Illegal […]

Go to Source

Powered by WPeMatico

Bank of Spain Approves Its First VASP License

spainThe Bank of Spain, the central bank of the country, has recognized the first cryptocurrency platform that will be able to operate and provide officially approved services in the country. The first exchange to receive this approval was Bit2me, which is now approved to act as a virtual asset service provider (VASP). While this is […]

Go to Source

Powered by WPeMatico

Ukrainian Parliament Adopts Amended Virtual Assets Law

Ukrainian Parliament Adopts Amended Virtual Assets LawUkrainian lawmakers have approved an updated version of legislation tailored to regulate the country’s crypto economy. The bill, which was first passed last year, was later returned to the legislature by President Volodymyr Zelensky who requested some changes. Majority of Ukrainian Deputies Back Law ‘On Virtual Assets’ Verkhovna Rada, Ukraine’s parliament, has adopted new legislation […]

Go to Source

Powered by WPeMatico