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A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working on in the past few months. Changes … Read more
The collapse of algorithmic stablecoin UST created a ripple effect not just in the crypto market but among world regulators as well. Go to Source Powered by WPeMatico
A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state budget. Revised Crypto Mining Legislation Submitted to Russian Parliament Without Amnesty for Miners … Read more
While the calls for globally coordinated regulation for cryptocurrencies is a noble effort, the practicality of the situation is far from ideal. Go to Source Powered by WPeMatico
British regulators intend to amplify the enforcement of crypto and make stablecoins a payment method. Go to Source Powered by WPeMatico
Are crypto inheritance solutions a centralizing force? To some, yes, but to others, decentralized solutions are out there. Go to Source Powered by WPeMatico
Lawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation. The authors of the draft say the rights of those who own non-fungible tokens need to be protected as Russians are currently dealing with NFTs at their own risk. Russian Deputies Propose Amendments Legally Defining NFTs Members … Read more
The United Kingdom’s Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets. Go to Source Powered by WPeMatico
“If the law has clauses related to money laundering activities — anti-money laundering activities — that’s very important to us,” said Panama President Laurentino Cortizo. Go to Source Powered by WPeMatico
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate. Go to Source Powered by WPeMatico