China to stiffen crypto regulations with new anti-money laundering laws

China plans to revise its Anti-Money Laundering policies to include cryptocurrencies. The move remains crucial as the nation has never updated its AML rules since its 2007 inception. Anticipated to start operating in 2025, legal experts proposed the revised draft in 2021.

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Australia Unveils Plans for Fresh Licensing Framework for Cryptocurrency Exchanges, Targets Draft Legislation by 2024

Сообщение Australia Unveils Plans for Fresh Licensing Framework for Cryptocurrency Exchanges, Targets Draft Legislation by 2024 появились сначала на Coinstelegram.

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Taiwan to propose crypto regulation in November

Taiwan is moving forward with plans to regulate the crypto industry by proposing a draft special law for first reading by the end of November, according to a lawmaker.

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Leaked Draft Reveals EU Commission’s Plans for Digital Euro: A Closer Look at the CBDC

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Circle CEO praises US stablecoin bill in remarks prepared for House committee hearing

Circle CEO Jeremy Allaire published a June 12 blog post featuring testimony that he plans to present to Congress regarding draft stablecoin regulation. Allaire urges for pro-U.S. stablecoin rules Allaire said in his prepared remarks: “The stablecoin bill is a crucial piece of legislation that should be the first step in creating a regulatory framework […] The post Circle CEO praises US stablecoin bill in remarks prepared for House committee hearing appeared first on CryptoSlate.

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EU Crypto Tax Plans Include NFTs, Foreign Companies, Draft Text Shows

Laws set to be agreed next week would require crypto companies to register with tax authorities, even if they’re based outside the bloc or offering non-fungible tokens.

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Crypto Wants Productive Privacy, Governments Often Say No

Last November, the EU’s plans to ban all privacy coins were leaked to the press. The early draft, seen by CoinDesk, would outlaw all “anonymity-enhancing coins. ” It has provoked a frenzied debate in parts of the crypto community.

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U.S. Lawmakers Draft Bill To Allow Bitcoin, Crypto In 401(k) Plans

The bill amends ERISA of 1974 to include digital assets under “covered investments,” thereby shielding investment managers from liability.

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Russia Plans to Offer International Crypto Payment Options, Says Finance Ministry Official

The draft bill on digital currencies prepared by the Finance Ministry should create a framework for crypto settlements, a statement by a Russian official confirmed on Sept. 19. The post Russia Plans to Offer International Crypto Payment Options, Says Finance Ministry Official appeared first on BeInCrypto.

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Russia To Roll Out Its Own Digital Ruble In 2024 – In Time For Elections

Russia moves forward with its plans to create its own digital ruble by 2024. Recently, the Central Bank of the Russian Federation (CBR) released a draft proposal outlining the primary monetary policy parameters for the next three years.

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Celsius Mining Plans to Go Public in Latest IPO Draft Registration With SEC

Celsius Mining LLC has filed a draft registration statement on Form S-1 with the Securities and Exchange Commission to go public. The post Celsius Mining Plans to Go Public in Latest IPO Draft Registration With SEC appeared first on BeInCrypto.

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The Estonian Regulator Assures there are no Plans to Ban Cryptocurrency

On Sunday, the Estonian Ministry of Finance squashed reports that it would prohibit cryptocurrency ownership and trading. According to their new draft legislation for virtual asset service providers (VASPs), customers will not be banned from possessing or trading virtual assets.

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Iranian Draft Bill to Regulate Crypto, Ban Bitcoin Payments

A bill drafted by the Iranian Parliament’s Economic Commission is to set out a framework for regulating cryptos that includes plans to develop a national cryptocurrency. The bill titled “support...

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Iran Plans to Ban Bitcoin Payments

A draft bill prepared by Iranian lawmakers bans the use of all non-national cryptocurrencies for payments

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UK unveils plans for regulating stablecoins and launching a CBDC

The UK Treasury Department is working on a draft to regulate privately-owned stablecoins. The department disclosed this news on November 9 through an official announcement, noting that it is also researching how it could use a Central Bank Digital Currency (CBDC) as an alternative to cash.

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Zimbabwe: Central Bank Set to Introduce Regulatory Sandbox for Cryptocurrency

Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ) is making plans to regulate the cryptocurrency industry, as there is a draft policy framework underway. A robust regulatory framework in place will see the development of the crypto sector in the country.

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New York Regulators Require Crypto Firms to Submit Coronavirus Plans

Regulated crypto firms in New York City have been asked to draft detailed plans outlining how they will cope with the coronavirus outbreak

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Ukraine Plans to Tax Crypto Gains at Low 5% Rate (for a While, Anyway)

A draft bill setting out how crypto-related income should be taxed in Ukraine would tax gains at 5 percent for the first five years if passed.

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European Union Ponders Issuing a Public Digital Currency to Compete With Facebook’s Libra

The European Central Bank (ECB) has recently considered the idea of issuing its public digital currency via a new draft document, according to Reuters. This is seen as a response against the Facebook backed project, as the company’s upcoming launch of the Libra has made regulators all over the world wary. Since Facebook shared plans […]

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Litecoin Publishes Proposal For MimbleWimble Implementation

After Litecoin founder Charlie Lee teased new privacy features early this year,  it has finally published the first draft plans. Litecoin has proposed MimbleWimble (MW) transactions to bring on updated scaling and privacy features.

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INX, Crypto and Security Token Exchange, Planning to Raise $130 Million via IPO

Coinspeaker INX, Crypto and Security Token Exchange, Planning to Raise $130 Million via IPOINX Limited, a crypto exchange startup is in plans to raise $129,5 million through an IPO. And it has already reportedly filed a draft F-1 with the SEC.

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Calls Intensify for Indian Government to Regulate Cryptocurrency

Since the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government is examining are.

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How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U. S. government seem fearful of a giant tech establishing itself as a financial institution.

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How the US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U. S. government seem fearful of a giant tech establishing itself as a financial institution.

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Russia’s Parliament Could Apply Crypto Defining Regulations Within Quarter 1 of 2019

Russia’s lower house called the State Duma plans to discuss a draft crypto regulation bill in the next two months. This will most likely take place in the next two months. According to an official of the State Duma, the long-awaited crypto bill for digital assets, in part of an initiative to regulate investment platforms […]

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Philippines: Regulator Expects Draft Cryptocurrency Exchange Laws Within 2 Weeks

Filipino cryptocurrency exchanges could see draft rules outlining their treatment as trading platforms as soon as next week, the country’s financial regulator told local media last week. ‘Regulate Them As Trading Platforms’ As The Manila Times reports September 3, the Philippines’ Securities and Exchange Commission (SEC) plans to release “draft rules” governing exchanges, which currently operate on a case-by-case approval basis, by the middle of the month.

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EU to fine social media platforms that take more than 1 hour to remove extremist content

The European Union is reportedly planning to impose stricter regulations on social media platforms including Facebook, YouTube, and Twitter over the removal of online terrorist propaganda. The Financial Times reported on Sunday that according to new draft regulations to be published next month, the EU plans to impose fines on companies if terrorist content is not deleted within an hour of posting, abandoning its earlier approach of getting internet platforms to remove such content voluntarily.

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EU MEP Suggests Including ICOs in New Crowdfunding Regulation

The European Union plans to treat ICOs as crowdfunding platforms, which are soon to be regulated by the lawmakers, according to a draft proposal.

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South Africa Releases Draft Cryptocurrency Tax Law

The South Africa Revenue Service (SARS) recently released a draft cryptocurrency tax legislation. The draft defines the framework of virtual currency taxation in the country. Details of the Draft Cryptocurrency Tax Legislation The draft cryptocurrency tax legislation follows on from the press release issued by SARS in April 2018.

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South African Releases Draft Cryptocurrency Tax Law

The South Africa Revenue Service (SARS) recently released a draft cryptocurrency tax legislation. The draft defines the framework of virtual currency taxation in the country. Details of the Draft Cryptocurrency Tax Legislation The draft cryptocurrency tax legislation follows on from the press release issued by SARS in April 2018.

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Blockchain Meeting for Fintech leads: Bitcoin and Blockchain conference will be held in Malta

Why Malta The government of Malta actively works on the development of transparent and favorable laws in the field of blockchain industry regulation. There are plans to establish a special agency – a Digital Innovation Authority that would control and certify blockchain companies.

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