Incoming House Financial Services Committee chair reintroduces crypto bill

North Carolina’s Representative Patrick McHenry, an incoming chair of the House Financial Services Committee, has reintroduced a crypto bill. The reinstatement of the Financial Services Innovation Act McHenry, who had pushed the Financial Services Innovation Act in 2016 and 2019,…

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UK's Financial Services and Markets Bill Should be Passed by Spring 2023, Treasury Says

The Financial Services and Markets Bill which is currently being debated, will give regulators more power over crypto.

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UK Financial Regulator Seeks Comments on Ad Approval Process for Crypto

Only companies with Financial Conduct Authority permission will be allowed to approve promotional material, and crypto firms will be hit once the Financial Services and Markets Bill becomes law.

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The Members of Congress Who Have Stablecoin Issuers Watching Their Next Moves

Anticipation for a crypto bill out of the House Financial Services Committee ran so high this year that stablecoin issuers have been trying to meet the bill’s expected standards before the rules are even set.

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Brazil’s Congress Passes Bill Legalizing Bitcoin, Ether Payments

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South Korean lawmakers seek tough punishments for crypto fraud

The National Assembly of South Korea is collaborating with the country’s Financial Services Commission on a bill that seeks to introduce greater oversight of crypto firms and introduce tough punishmThe post South Korean lawmakers seek tough punishments for crypto fraud appeared first on AMBCrypto.

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UK Lawmakers Favor Regulating Crypto As Financial Instrument

Following the appointment of the new prime minister in the UK, who is a pro-crypto-enthusiast, the lower parliament house of the state assembly votes in favour of regulating virtual assets as per the Financial Services and Markets Bill.

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Crypto Assets Could Become Regulated Financial Instruments in the U.K.

A new amendment to the Financial Services and Markets Bill could regulate crypto assets like Bitcoin alongside stablecoins. The post Crypto Assets Could Become Regulated Financial Instruments in the U.K. appeared first on BeInCrypto.

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Палата общин Великобритании проголосовала за криптовалютную поправку

Британские законодатели выступили в поддержку регулирования криптовалют на базе имеющегося законодательства. Сегодня, 25 октября, Палата общин парламента Великобритании проголосовала за криптовалютную поправку в рассматриваемый законопроект Financial Services and Markets Bill.

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UK Lawmakers Vote to Recognize Crypto as Regulated Financial Instruments

The lower house of the parliament voted in favor of adding crypto assets to the scope of activities to be regulated via the proposed Financial Services and Markets Bill – which already seeks to extend payments rules to stablecoins.

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Amendment to UK financial services bill provides regulation for crypto activities

The bill addressed stablecoin regulation from the start; now the Financial Conduct Authority will be empowered to regulate activities with crypto assets if the amended bill passes.

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UK introduces crypto regulation amendment to finance markets bill

The UK government is seeking to provide further clarity on the regulation of cryptocurrencies, per the latest amendment to the Financial Services and Markets bill. According to an amendment note introduced on Friday, 21 October, the UK legislature wants to give regulators more control over crypto ads and ban unregistered crypto service providers.

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Rep. McHenry gives progress report on stablecoin legislation, says it’s an ‘ugly baby’

The ranking member of the House Financial Services Committee praised the bipartisanship behind the coming bill, but says there are “complex conversations” ahead.

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TerraUSD-Like Stablecoins Would Be Banned For Two Years Under New House Committee Plan

The House of Representatives Financial Services Committee has proposed a bill that would put a two-year ban on algorithmic stablecoins such as TerraUSD Classic (USTC), which collapsed dramatically —  making the entire ordeal one of the single-biggest capital destructive events in the history of crypto.

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House’s Stablecoin Bill May Face Fatal Delays for 2022 Progress

One of Congress’ most serious efforts toward stablecoin oversight may have hit an insurmountable snag as negotiations in the House Financial Services Committee drag out further than the calendar is likely to allow.

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US stablecoin bill delayed until after congressional recess

The bipartisan bill on stablecoin regulation in the United States has been pushed back by the House Financial Services Committee, according to a statement issued by committee Chairwoman Rep. Maxine Waters (D-CA).

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US Stablecoin Bill Delayed by Congressional Committee Until After August

The legislation that could establish U.S. regulations for stablecoins has formally been delayed until after the August congressional break, according to Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee.

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Stablecoin Bill Officially Delayed Past August, Committee Chairwoman Says

The legislation that could establish U.S. regulations for stablecoins has formally been delayed until after the August congressional break, according to Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee.

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New UK Treasury Minister Proposes New Regulations for Stablecoins

U.K. Chancellor of the Exchequer Nadhim Zahawi laid out plans in the Financial Services and Markets bill to regulate stablecoins. The post New UK Treasury Minister Proposes New Regulations for Stablecoins appeared first on BeInCrypto.

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Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says

Companies that issue stablecoins would have to face bank-like regulations and back their tokens with conservative assets in the latest plan for U.S. legislation still being negotiated by leaders of the House Financial Services Committee, according to a source familiar with the talks.

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UK Regulators to Introduce Rules for Stablecoins in New Markets Bill

The much-anticipated financial services and markets bill presented to the country’s parliament includes rules for stablecoins as a means of payment.

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Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says

Congress may rebuff U.S. regulators who wanted stablecoins to be the exclusive territory of banks, according to a lawmaker familiar with a legislative effort now in motion. Democrats on the House Financial Services Committee have been working on requirements that may not be as restrictive as the Treasury Department and financial regulators had asked.

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Compass Mining denies allegations of $1.2M unpaid electricity bill, CEO, CFO resign

Compass Mining, a hosting company offering managed mining services to Bitcoin (BTC) miners, announced that both its CEO and CFO have resigned. The post Compass Mining denies allegations of $1.

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Bitcoin mining company Compass Mining loses facility for not paying electricity bill

Compass Mining is a Bitcoin (BTC) hosting company offering managed mining services to Bitcoin miners. The post Bitcoin mining company Compass Mining loses facility for not paying electricity bill appeared first on CryptoSlate.

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Louisiana State Governor Signs off on Crypto Custody Bill

The governor of Louisiana has signed a bill that will permit financial institutions to offer crypto custody services.  The post Louisiana State Governor Signs off on Crypto Custody Bill appeared first on BeInCrypto.

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Solstin opposes Lummis’ bill; says Bitcoin should be separate from other digital assets

United States Senate candidate Brian Solstin in a Tweet opposed Senator Cynthia Lummis‘ bill aimed at incorporating digital assets into the United States financial system by arguing that Bitcoin should be considered separately from other digital assets, using a report published by the financial services company  Fidelity Investments to explain why.

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Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House

The Republican congressman is supporting Sen. Tommy Tuberville’s Senate bill and financial services companies that want to include crypto in their 401(k) product offerings.

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U.K. Treasury Confirms Stablecoin Legislation Part of Upcoming Bill

Her Majestys Treasury has confirmed plans to legalize stablecoins as a form of payment in a new Financial Services and Markets Bill announced on May 10. U.K to Regulate Stablecoins...

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Virginia Senate Passes Bill Allowing State Banks To Offer Bitcoin Custody Services

A bill passed in the Virginian Senate allows banks to offer custodial services for bitcoin in either a fiduciary or non-fiduciary capacity once signed into law.

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US Virginia Senate allows state banks to offer crypto custody services

Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services.

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Lawmakers push back on crypto provisions in infrastructure bill

The latest proposal from a group of House Democrats seeks to change how updates to the tax code affect crypto entities “who do not engage in brokerage services.”

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Mass Adoption - Abra, the Crypto Bank for everyone

Bill Barhydt is the CEO of Abra, a platform that enables crypto banking services for consumers and institutions in over 100 countries. Abra’s mission is to become a crypto bank that replaces the need for legacy banking services.

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Congressman Reintroduces Bipartisan Blockchain Regulatory Certainty Act to Redefine Money Transmitters

The redesigned bill aims to provide a “safe harbor” for developers and blockchain services providers in the wake of the infrastructure bill discussion. The post Congressman Reintroduces Bipartisan Blockchain Regulatory Certainty Act to Redefine Money Transmitters first appeared on BitcoinExchangeGuide.

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Will U.S. Bitcoin Miners Be Exempted From New Tax Rules If Infrastructure Bill Proposal Goes Through?

A new proposal to amend the U. S. bipartisan infrastructure bill introduced to the Senate on Sunday could exempt cryptocurrency miners, those staking crypto, and users of their services from reporting and paying tax on their cryptocurrencies.

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El Salvador’s Bitcoin bill has 5 key benefits, says Bank of America

US financial services player Bank of America, one of the world’s largest banks, has come out in support of El Salvador’s Bitcoin bill in a note to clients last week. The post El Salvador’s Bitcoin bill has 5 key benefits, says Bank of America appeared first on CryptoSlate.

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Allied Payment Network to Put BTC on Balance Sheet & Allow Bill Pay In Bitcoin

Allied has partnered with NYDIG to offer Bitcoin services. According to its CEO, providing access to Bitcoin is a “game-changer.” The post Allied Payment Network to Put BTC on Balance Sheet & Allow Bill Pay In Bitcoin first appeared on BitcoinExchangeGuide.

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Bitcoin as legal tender – Paraguay follows El Salvador’s lead

South American nation, Paraguay, has proposed a bill that will legally recognize Bitcoin (BTC/USD) as its official currency. The move is coming after El Salvador made a similar proposal, making Bitcoin legally accepted for the payment of goods and services.

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Nebraska Signs a new Law to Create Crypto Bank Charter

Nebraska has signed a bill into law that will allow financial institutions in the state to function as digital asset depositories. With the new state banking charter, institutions can offer cryptocurrency-related services to customers.

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Nebraska Approves Bill Allowing Banks Offer Crypto Services

The Nebraska state legislature has approved a bill that would allow banks in the state to offer cryptocurrency services to customers. Nebraska's Crypto Banking Charter Bill Nebraska state senators have voted for the bill that would allow banks to register as cryptocurrency depositories and offer crypto trading services to customers.

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Nebraska bill allowing banks to offer crypto services moves forward

Nebraska senators have favored a measure that would allow state banks to facilitate crypto transactions like those in Wyoming.

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Former Finance Secretary Urges Indian Government to Encourage Crypto Services, Regulate Cryptocurrencies

Former Finance Secretary Subhash Chandra Garg, who headed the committee that drafted India’s cryptocurrency bill, says that the government should not ban cryptocurrencies but regulate them instead.

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Lawmaker Introduces Bill to Prohibit Crypto Mining in NY, Pending Environmental Assessments

Bitcoin’s rallies have brought the crypto industry to the fore of financial services, but it has also presented environmental issues. Bitcoin mining has shot up due to increased demand for the world’s oldest cryptocurrency.

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Congress Passes Bill That Would Provide Regulatory Clarity On Cryptocurrencies

The United States House of Representatives has passed a bill that aims to provide regulatory clarity to Bitcoin. The bill called “The Eliminate Barriers to Innovation Act of 2021” was first introduced to the Financial Services Committee in March by ranking Member Patrick McHenry (R-NC).

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New Russian Law Bans Bitcoin Payments for Goods and Services

Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading.

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Russia to ban bitcoin payments from 2021

The Russian parliament adopted a bill on digital financial assets, which contains a clause prohibiting payments for goods and services in cryptocurrencies. However, it is officially allowed to own and buy cryptocurrency and blockchain tokens.

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‘Digital Dollar’ Stripped From Latest US Coronavirus Relief Bill

The latest version of a U.S. House bill to stimulate the economy during the coronavirus pandemic no longer includes any language around a digital dollar, though a Financial Services Committee bill still does.

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EARN IT: The US Anti-Encryption Bill That Threatens Private Speech Online

There’s a new bill in the works to fight against child sexual abuse material and other risky services on the internet — but it will come at a cost to online privacy. The post EARN IT: The US Anti-Encryption Bill That Threatens Private Speech Online appeared first on Bitcoin Magazine.

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Rhode Island Introduces ‘Economic Growth Blockchain Act’

The state of Rhode Island introduced a bill, March 11, to establish an ‘economic growth blockchain act’. The aim of the bill is to create a blockchain-friendly business environment to encourage innovators to develop the next generation of digital products and services in the state.

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This Country is Now Open to Global Crypto Exchanges Expanding Locally

With Singapore’s Payment Services Act coming into effect, crypto exchange platforms can now apply for operating licenses in the country. Crypto Exchange Platforms Now Legalized in Singapore Back in September 2019, Singapore’s parliament passed the Payment Services, Bill, into law, creating the Payment Services Act with the new law coming into effect on Tuesday (January 28, 2019).

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