Law Financial News

29.04 / 00:39

Law regulation Tokens US needs 'electronic tokens' with functionality of cash — Software Freedom Law Center legal director

Mishi Choudhary, the legal director of the Software Freedom Law Center, supported the efforts of some United States lawmakers to develop an electronic version of the U.S. dollar.

28.04 / 22:37

Law regulation Panama's legislature approves bill regulating crypto

Lawmakers in Panama have passed a bill that will regulate cryptocurrencies, including Bitcoin, in the Latin American country.

28.04 / 22:09

Government Law regulation FinCEN acting director says PATRIOT Act provision isn't 'right sized' for crypto enforcement

Him Das, the acting director of the United States Financial Crimes Enforcement Network, or FinCEN, said some of the government bureau’s tools to fight money laundering and terrorism financing may be ill suited for crypto.

28.04 / 20:09

Government Blockchain Law identity Backed Profiles Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles

The capital of Argentina and an agglomeration with more than 12 million citizens, Buenos Aires will make blockchain a vital part of its digitalization drive. Specifically, the city will accept public financial transactions in crypto.

28.04 / 14:39

Government Law regulation Agency Russian security agency wants exchanges to share data with crime investigators

Russia's Federal Security Service (FSB) and the Ministry of Internal Affairs (MVD) have submitted their review notes on the forthcoming “crypto bill,” developed by the country's Finance Ministry. Law enforcement agencies push for requiring crypto firms to share transaction data with investigators and for clarifying the terms on which digital assets can be seized.

27.04 / 19:39

Law regulation Africa Bitcoin Central African Republic will adopt Bitcoin as legal tender: Report

The roughly five million residents of the Central African Republic, or CAR, will now reportedly be able to use Bitcoin in addition to the country's franc as legal tender.

27.04 / 15:11

Government Law regulation Gibraltar rolls out new virtual asset regulation to combat market abuse

The British overseas territory of Gibraltar introduced a new regulatory package for distributed ledger technology (DLT) service providers. The document elaborates on the responsibilities of crypto businesses in regards to threats of market manipulation and insider trading.

27.04 / 07:37

Government Law proof-of-work POW Power New York State Assembly passes ban on new BTC mines that don't use green power

The New York State Assembly passed a bill late on Tuesday April 26 that would place a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon based fuel to power their operations.

25.04 / 23:01

Government Law Earth Law Decoded: Competing narratives around crypto clash on the Earth Day, April 19-26

Regulation by enforcement, a fast and economical substitute for thorough rulemaking, is widely regarded as some of the U.S. executive agencies’ preeminent approach to crypto regulation. It could be summed up as letting crypto firms explore the boundaries of what is permissible by themselves and then punishing industry participants in case their exploratory actions come to look like a transgression. Others will take heed and learn from the explorer’s negative experience.

25.04 / 21:07

Law Environment proof-of-work week New York legislators to vote on PoW mining moratorium this week

The New York state legislature might ban Proof-of-Work (PoW) crypto mining in the state for at least two years, citing environmental concerns.

25.04 / 19:23

Law regulation Taxes ECB regulatory ECB needs 'globally coordinated regulatory action' on crypto, says official

European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks.

24.04 / 09:29

business Blockchain Law Adoption NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds

New York State Senator Kevin Thomas introduced a new bill amendment request to establish certain offenses related to rug pulls and other frauds related to virtual token distribution, misuse of private keys and hidden interests in crypto projects.

23.04 / 12:33

Law Europe European Union Macron or Le Pen: What promise does each presidential candidate hold for crypto?

As France braces for the April 24 presidential election in a runoff, political pundits around the globe are making their bets. The choice is between the centrist incumbent Emmanuel Macron and right-wing populist Marine Le Pen. Much of the political debate this time revolves around economics, but there is one indispensable part of it that is largely absent from the candidates’ electoral agendas: digital assets. While both have a record of public statements on matters related to crypto, neither Macron nor Le Pen seems to be likely to trigger any significant policy change with regard to the French digital economy.

22.04 / 14:17

Law Europe European Union Financial Emmanuel Macron on crypto: 'I don't believe in a self-regulated financial sector'

Mere days before the second round of the fateful presidential election in France, the incumbent President of the Republic, Emmanuel Macron, sat down with local media to share his thoughts on the digital economy — a subject he didn’t speak on much before. While emphasizing the importance of the sector, Macron once again reiterated his support for the pan-European approach to financial technology regulation.

22.04 / 03:27

Law Banks AML compliance OCC issues order against Anchorage Digital over AML compliance

The United States Office of the Comptroller of the Currency, or OCC, has said it intends to pursue cease and desist proceedings against cryptocurrency custody bank Anchorage Digital for violating certain anti-money laundering requirements.

20.04 / 21:15

Law regulation veteran Financial FCA veteran becomes interim head of financial regulator's digital assets unit

Victoria McLoughlin, who has worked more than11 years at the Financial Conduct Authority, is temporarily heading the digital assets department of the United Kingdom’s financial watchdog.

20.04 / 16:05

Law Europe European Union letter open Crypto Companies 'Let’s build a Europe where Web3 can flourish:' Crypto companies sign an open letter to EU regulators

Forty crypto companies cosigned an open letter to the European Parliament, European Commission and other principal E.U. institutions with a call to ensure common-sense regulation, standardized compliance procedures, and an innovation-friendly business environment.

20.04 / 15:19

Law Taxes foreign Tax Authority Russian tax authority proposes using crypto as a foreign trade payment tool

Russia's Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally.

20.04 / 13:51

Law Taxes Russia to include crypto into its tax code: Here is what the rules might look like

In the last few months, the standoff between the Central Bank of Russia (CBR) and the country’s Ministry of Finance over crypto regulation has become the key regulatory plot for the Russian crypto community to follow. Simultaneously, however, another important legislative development has been unfolding somewhat under the radar: negotiations around tax code amendments that would make cryptocurrencies a taxable asset class. Here’s how it went down so far.

20.04 / 06:21

Blockchain Law Bitcoin Agent Smith says Secret Service seized $102M in crypto in 254 cases since 2015

A top official from the U.S. Secret Service (USSS) says the agency can track the flow of Bitcoin and other cryptocurrencies in a similar manner to email addresses, and it has seized more than $102 million in crypto across 254 cases since 2015.

19.04 / 08:41

Law Donations foreign crypto donations Ireland bans political crypto donations on foreign interference fears

Donations made to political parties using cryptocurrencies will be banned in Ireland under new political integrity laws drafted due to concerns around foreign interference in politics.

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