legislation

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07 Mar 23

US lawmakers push for new crypto legislation

U.S. lawmakers are pushing for the reintroduction of the bill responsible for reforming how digital assets are evaluated for tax purposes. Lawmakers push for “Keep Innovation in America Act” Lawmakers in the United States led by congressmen Ritchie Torres and Patrick McHenry have begun moves to revamp the premise surrounding the implementation of crypto tax […]

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24 Feb 23

Montana senate enacts legislation shielding crypto miners from exploitation

On Feb. 23, the Montana state legislature passed a new crypto bill protecting miners from various exploitative acts. The bill seeks to give crypto miners competitive advantages. The bill will ensure miners are not charged electricity rates discriminately by the commission involved. Additionally, it will change the zoning ordinance. Therefore, home crypto miners who live […]

11 Jan 23

Argentina legislation may force citizens to declare their digital asset holdings

Argentina is set to introduce a new draft bill requiring citizens to declare their cryptocurrency holdings. Otherwise, they could face hefty tax penalties. Argentina’s new draft bill targets crypto assets The bill is meant to tighten the country’s anti-money laundering rules and will be presented to the Federal Administration of Public Revenues (AFIP) in the […]

Russias Former President Dmitry Medvedev Banning Crypto May Lead to the Opposite Result

01 Jan 23

Draft legislation for the digital Ruble forwarded by legislators in Russia

A group of Russian legislators, headed by Anatoly Aksakov, Chairman of the Financial Market Committee, have proposed draft legislation to create the digital Ruble that the Bank of Russia will issue. The bill outlines the necessary changes to establish the conditions for introducing the central bank-backed currency (CBDC). The proposed draft legislation According to reports, the main […]

22 Dec 22

US Senator proposes bill for better stablecoin legislation

Outgoing Pennsylvania Senator Pat Toomey on Wednesday introduced a bill that he expects would serve as a model for stablecoin legislation in the coming year. The bill seeks to give stablecoin an immunity status from the regulatory powers of the security and exchange commission (SEC) and the Commodities Futures Trading Commission (CFTC) Senator Pat Toomey’s […]

20 Dec 22

Indian government updates parliament on crypto legislation and exchange probes

The Indian government has updated the Lok Sabha, India’s lower house of parliament, on the status of its cryptocurrency bill and investigations into crypto exchanges. Indian government responds to concerns regarding the crypto bill On Dec. 20, the Indian government responded to various questions concerning cryptocurrency and its regulation from members of the Lok Sabha, India’s lower […]