provisions – DIGIT INFO

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

DIGIT — Sat, 18 Mar 2023 04:30:29 +0000

The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in […]

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Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads

DIGIT — Sat, 19 Nov 2022 11:00:27 +0000

Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted advertising of crypto-related products and services. New Attempt to Legalize Cryptocurrency Mining in Russia After months of deliberations, efforts continue in […]

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No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal

DIGIT — Thu, 26 May 2022 06:00:34 +0000

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 The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state budget.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 […]

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Trade Minister Expects Russia to Legalize Cryptocurrency

DIGIT — Thu, 19 May 2022 13:40:05 +0000

Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week. Crypto Legalization Is Current Trend, Russian Minister Acknowledges Cryptocurrency can be legalized in the Russian Federation, according to a […]

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Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring

DIGIT — Mon, 08 Nov 2021 07:00:24 +0000

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 […]

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10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline

DIGIT — Fri, 24 Sep 2021 16:00:25 +0000

Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for New Korean Crypto Regulations Expires Friday Registering with Korea’s Financial Intelligence Unit (FIU) is […]

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Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto Market

DIGIT — Thu, 09 Sep 2021 11:30:12 +0000

The parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine. The law “On Virtual Assets” recognizes cryptocurrencies as intangible goods while denying them the status of legal tender. It also regulates the activities and obligations of crypto businesses. Ukraine Legalizes Crypto Activities, Defines Virtual Assets Ukraine’s Verkhovna Rada, the country’s […]

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Mexico Publishes Crypto Rules, Puts Central Bank in Charge

DIGIT — Sat, 15 Sep 2018 09:35:54 +0000

The government of Mexico has published provisions regarding cryptocurrency. The Bank of Mexico will decide which cryptocurrencies are legal and fintech companies must gain approval from the central bank to operate in the crypto space. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Fintech Law Applies to Crypto The Mexican government published […]

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