Ukraine's Zelenskyy Signs Virtual Assets Bill Into Law, Legalizing Crypto

Ukrainian President Volodymyr Zelenskyy legalized crypto in the country, signing into law a bill on virtual assets.

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EU Passes Historic Crypto Regulation, Seeks To Protect Consumers In The Market

On Monday, the much-anticipated Markets in Crypto Assets Regulation (MiCA) bill was enacted. It will concentrate on a coordinated strategy to crypto by all EU members. Because of its significant power consumption, the law originally included an indirect provision to prohibit proof-of-work mining.

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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 Senate On The Verge Of Passing New Legislation To Closely Monitor The Risks Associated With El Salvador’s Bitcoin Adoption

Bipartisan senators present a bill to combat the risks facing America as a result of El Salvador’s Bitcoin Law.   The bill highlights concerns over how it affects US sanctions and money laundering.

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Ukraine legalizes Bitcoin as tensions with Russia persist

Ukraine has now legalized Bitcoin and cryptocurrencies after the country’s parliament approved a final reading of the “Law on Virtual Assets” bill. The post Ukraine legalizes Bitcoin as tensions with Russia persist appeared first on CryptoSlate.

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Ukraine Crypto: Lawmakers Legalize Cryptocurrencies As Fears Of Russian Attack Grow

Legislators have given their nod to the Ukraine crypto bill, making the use of crypto assets in the country easier as Ukraine teeters on the verge of a military confrontation with Russia. With 272 votes, the Ukrainian parliament gave its thumbs-up for the Law of Ukraine on Digital Assets.

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Bukele tells U.S Senators El Salvador’s Bitcoin Law is not their concern

President Bukele reacted to a U. S Senate bill on El Salvador’s Bitcoin Law by saying, “stay out of our internal affairs. ” The bill, titled “Accountability for Cryptocurrency in El Salvador (ACES) Act,” calls for the State Department to assess El Salvador’s adoption of Bitcoin with a view to “mitigate potential risks” to the United States financial […] The post Bukele tells U.

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New bill aims to ‘mitigate risks’ to US from El Salvador’s Bitcoin Law

Three U.S. senators proposed a bill that would commission a lengthy report detailing the inner workings of El Salvador’s Bitcoin Law and a subsequent action plan to mitigate risk.

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Colombian Watchdog Mandates Crypto Reporting In New Law

Colombia is the newest entrant to a block of countries that seek to bring the crypto industry under their regulatory purview. According to a recent Bill that has since been approved to law, Bitcoin, Ether, crypto users, and exchanges operating within the country’s jurisdiction will be required to report transactions over a certain amount. Per […]

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Paraguay’s Passes Bill To Regulate Crypto, Targets Mining Companies

The Senate of Paraguay has passed a bill on Thursday that aims to regulate cryptocurrency mining and trading in the country. Bill Seeks To Regulate Crypto Trading On Thursday, the Senate of Paraguay enacted a law aimed at regulating Bitcoin and cryptocurrency trading and mining in the country.

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US infrastructure law could brace up digital assets — but first some fixes

Assuming a fix for its troublesome language, the bill might eventually prove a boon — another sign “digital assets are here to stay.”

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No Proposal to Recognize Bitcoin as Currency, Says Indian Finance Minister

The Lok Sabha, the lower house of India's bicameral Parliament, will debate and deliberate the cryptocurrency bill before the upper house of Parliament reviews it, after which it will be sent to the president to be signed into law.

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US lawmakers introduce bill to ‘fix’ crypto reporting requirement from infrastructure law

The bill proposes pushing back the mandated reporting requirements to 2026 as well as changing the definition of broker.

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Senator Cruz Wages War On Infrastructure Bill’s “Devastating Attack” On The Crypto Industry

The infrastructure bill was recently signed into law but leading figures in the crypto industry have vowed to continue lobbying until the reporting provision for entities in the crypto industry is addressed.

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U.S. senators hurry to retroactively tweak the infrastructure bill concerning crypto

US senators Ron Wyden and Cynthia Lummis rush to tweak the controversial crypto provision, in an effort to narrow some of the new tax reporting rules outlined in the $1,2 trillion infrastructure bill President Joe Biden signed into law on Monday, Bloomberg reported.

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DeFi strategist Matt West claims the infrastructure bill can be fixed

Matt West, a DeFi strategist, and a Democratic congressional candidate believes there is still time to amend the US infrastructure bill, which President Biden signed into law on November 15. The bill passed into law without amendments to the broad provisions that could introduce stricter reporting requirements on crypto network validators and software developers.

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Law Decoded: Which currency is the paycheck of your city’s mayor in? Nov. 1–7

The infrastructure bill has passed, much to the crypto community's chagrin, yet the key battles lie ahead.

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Top-Ranking Senate Banking Republican Wants to Fix Anti-Crypto Language in Newly-Passed $1.2 Trillion Bill

U.S. Senator pledges to remove harsh crypto rules before law takes effect in 2024

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Draft Bill Seeks To Allow Brazilian Workers to Be Paid in Bitcoin

The bill seeks to change the current law that dictates Brazilian workers can only be paid with the national currency.

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8-word crypto amendment in Infrastructure Bill an ‘affront to the rule of law’

A proposed bill waiting for vote in Congress contains a “dangerous” amendment.

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Korean Lawmakers Aiming to Pushback Crypto Tax Regulation Implementation

South Korean lawmakers from the opposition People Power Party (PPP) are formulating a bill aimed at postponing the January 1, 2022 implementation of the 20-25 percent crypto tax law in the nation to 2023.

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Is Brazil Considering A Bitcoin Law? Here’s What The Bill Actually Says

If Bitcoin becomes legal tender in a massive country like Brazil, it would be monumental. However, is that plan really on the table? Here are the facts: 1. - A bill to regulate cryptocurrencies was discussed and approved in Brazil’s House of Representatives, but it still has a long way to go before it becomes law.

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Law Decoded: Infrastructure woes and benevolent punishments, Sept. 27–Oct. 3

As House Democrats grapple over the infrastructure bill, the Biden administration and Federal Reserve eye stablecoin regulation.

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Infrastructure Bill’s Overlooked “Digital Assets” Tax Provision is a Disaster and an Attack on Privacy

The trillion-dollar infrastructure bill passed by the Senate and now pending in the House that has an overreaching definition of ‘broker’ also contains an overlooked “digital assets” provision. If this bill becomes law, that would be a disaster, said Abraham Sutherland, an adjunct professor at the University of Virginia School of Law and an adviser […] The post Infrastructure Bill’s Overlooked “Digital Assets” Tax Provision is a Disaster and an Attack on Privacy first appeared on BitcoinExchangeGuide.

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Inside Ukraine's Bitcoin Bill

The Ukrainian Parliament passed a law that legalized and regulated bitcoin in the country, providing official clarity on the asset which was not previously clear.

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Ukrainian Parliament Passes Law Legalizing Cryptocurrency

Ukraine’s parliament, the Verkhovna Rada, has adopted a virtual asset bill legalizing and regulating cryptocurrency. The post Ukrainian Parliament Passes Law Legalizing Cryptocurrency appeared first on BeInCrypto.

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LATAM’s Crypto Adoption: Panama Introduces Bill to Regulate Crypto and Recognize BTC and ETH as Payment Methods

With crypto law, the country seeks to become “compatible with the blockchain, crypto assets, and the internet” along with smart contracts and DAOs. The post LATAM’s Crypto Adoption: Panama Introduces Bill to Regulate Crypto and Recognize BTC and ETH as Payment Methods first appeared on BitcoinExchangeGuide.

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Reddit community to buy $30 in Bitcoin in show of solidarity with El Salvador and Brazil

El Salvador’s Bitcoin legal tender bill passes into law on Tuesday, September 7, despite objections from locals who appear to be against its implementation. The post Reddit community to buy $30 in Bitcoin in show of solidarity with El Salvador and Brazil appeared first on CryptoSlate.

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Jack Dorsey Explains “Broker” Meaning in Ongoing Cryptocurrency Tax Bill Dispute

People are reacting differently to the US cryptocurrency tax bill that is shaking the community in recent times. There is a high apprehension that the bill might win the debate and becomes a law in the United States.

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ETH Crosses $3,000 as Crypto Bill Goes to the Wire

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“Bad For Bitcoin”: Congressman Warren Davidson Blasts Last-Minute Crypto Tax Insertion In Infrastructure Bill

As the U. S. Senate plans to hold a popular vote on the proposed infrastructure bill under which a last-minute cryptocurrency tax law was introduced, some believe that the whole bill is ill-fitted due to its vagueness and could prove colossal to the industry and by large, the U.

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Illinois Congressman Wants Law Allowing Reversal of Crypto Transactions

Rep. Bill Foster stated the need for legislation that would allow for the United States government to reverse cryptocurrency transactions. The post Illinois Congressman Wants Law Allowing Reversal of Crypto Transactions appeared first on BeInCrypto.

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Congressman Bill Foster Wants Government To Have Power To Reverse Crypto Transactions

A law should be put in place to allow federal courts to identify cryptocurrency owners and reverse transactions where necessary, according to Democratic Rep. Bill Foster of Illinois, the co-chair of the House blockchain caucus.

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US Congressman Calls for Law Allowing Government to Reverse Cryptocurrency Transactions

A U. S. congressman has called for a law that allows the government to identify cryptocurrency users and reverse crypto transactions. “There’s a significant sentiment, increasing sentiment, in Congress that if you’re participating in an anonymous crypto transaction that you’re a de-facto participant in a criminal conspiracy,” he said.

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Russian Billionaire Slams Central Bank’s Crypto Policy, Says Even El Salvador Realizes the Need for Bitcoin

Russian billionaire Oleg Deripaska wants the Bank of Russia, the country’s central bank, to embrace cryptocurrency, citing El Salvador’s bitcoin law as an example. El Salvador recently passed a bill making bitcoin legal tender in the country.

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Indian Government Review Bill That Proposed Ban on Cryptocurrencies

It has been reported that the Indian government and top industry stakeholders are revisiting provisions of the law that advocated a ban on cryptocurrency. The bill in question is dubbed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 that was developed years back but never introduced during parliament’s budget session. Bloomberg Quint recentlyRead More

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Texas Governor Signs Groundbreaking Cryptocurrency Bill into Law

Texas Governor Greg Abbott has signed a bill that recognizes the legal status of virtual currencies

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Bill banning crypto mining for 3 years dies in NY state assembly

The NY state assembly needs to approve any bill or propose amendments before it can be signed into law by Governor Andrew Cuomo.

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Texas regulator allows state-chartered banks to hold Bitcoin

The Texas House of Representatives passed a bill to recognize cryptocurrencies under commercial law last month.

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El Salvador Passes Historic Law Declaring Bitcoin Legal Tender

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El Salvador Bitcoin Law Making BTC Legal Tender Passes With Supermajority

The bill to make bitcoin legal tender in El Salvador has been approved by a supermajority in the Salvadoran Congress. “The purpose of this law is to regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private natural or legal persons require carrying out,” […]

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Bill to make Bitcoin legal tender passes in El Salvador

President Nayib Bukele’s Bitcoin Law was passed in the Salvadorian congress tonight.

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Texas Law Creates Legal Clarity For Bitcoin

The bill formally defines virtual currencies and offers individuals and businesses a clear legal environment for bitcoin investment.

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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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Telcoin-drafted crypto banking legislation signed into law in Nebraska

In an effort to bring the state of Nebraska to the forefront of national financial regulatory innovation, Governor Pete Ricketts signed into law today Legislative Bill 649, also known...

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Nebraska signs law to authorize state-chartered banks to custody crypto

The bill was co-authored with the cryptocurrency firm Telcoin and introduced by Republican state senator Mike Flood.

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Crypto wagering for online sports betting now legal in Wyoming

The bill already signed into law legalizes online sports betting in the state with bookmakers permitted to accept cryptocurrency deposits from bettors.

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Texas Governor Wants State to Lead in Crypto Adoption as it Did With Gold

With the recent Crypto law proposal, Texas emulates Wyoming with regards to Crypto Assets legislation in the hope of catching up on the trend, but experts detect a flaw in the Texas bill. Sometime mid-March Nathaniel “Tan” Parker—Texas businessman and Representative—presented an amendment bill for the Texas Uniform Commercial Code, UCC. The bill, House Bill […]

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Kentucky Governor Signs Two Bills to Provide Tax Breaks to Crypto Mining into Law

Two bills relating to the taxation of the commercial mining of cryptocurrency have been signed into law this week by the Kentucky governor. As per the bill, a new section of KRS 139 has been created, which defines various terms relating to commercial mining of cryptocurrency using blockchain technology and provide sales and use tax […] The post Kentucky Governor Signs Two Bills to Provide Tax Breaks to Crypto Mining into Law first appeared on BitcoinExchangeGuide.

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