Russian Parliament to Review Bill Prohibiting Crypto Payments

Russian Parliament to Review Bill Prohibiting Crypto PaymentsLegislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payments with digital assets. Draft Law Banning Use of Cryptocurrency for Payments Submitted to Russian Parliament Russian lawmakers […]

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Draft Law About NFTs Submitted to Russian Parliament

Draft Law About NFTs Submitted to Russian ParliamentLawmakers 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 […]

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New Bill in Oklahoma Proposes Depository for Cryptocurrencies Used by Government

New Bill in Oklahoma Proposes Depository for Cryptocurrencies Used by GovernmentA bill has been introduced in the U.S. state of Oklahoma to establish a new type of state-chartered financial institution that will be “the central depository for virtual currency used by governmental agencies in this state.” The new establishment aims to provide financial and technical services to crypto innovators and developers. Also read: Regulatory Roundup: […]

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New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for PaymentsThe Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country. Also read: Crypto Startups to Get up to […]

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Tennessee Passes Bill Recognizing Smart Contracts and Blockchain Transactions

Tennessee Passes Bill Recognizing Smart Contracts and Blockchain TransactionsThe governor of Tennessee has signed a bill into law that recognizes “the legal authority to use blockchain technology and smart contracts in conducting electronic transactions.” The new bill also “protects the ownership rights of certain information secured by blockchain technology” under state law. Also Read: Hydro-Quebec Turns Down New Applications for Crypto Mining Operations Tennessee […]

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Several States Spearhead Bitcoin Adoption in the U.S.

Several States Spearhead Bitcoin Adoption in the U.S.U.S. states with positive attitudes have advanced towards bitcoin legalization – a process that a growing number of elected officials consider inevitable, if not desirable. Numerous crypto-friendly bills have been introduced, and some of them have received approval in committees and houses of state legislatures. One wouldn’t necessarily think of states like Arizona, Tennessee, and […]

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Arizona Closer to Accepting Bitcoin and Regulating ICOs

Arizona Closer to Accepting Bitcoin and Regulating ICOsArizona may become the first U.S. state to legalize bitcoin as a payment option for tax purposes. Bills to that end have been advancing in the State Legislature, with one of them already passed by the Senate Finance Committee. First reading of a draft law regulating ICOs has been scheduled, too. The Grand Canyon State […]

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