Blockchain legislation heads to US senate

Blockchain legislation in the United States has passed the House and is now headed...

The post Blockchain legislation heads to US senate appeared first on Coin Journal.

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Russia’s Largest Bank May Issue Its Own Stablecoin

On the heels of new crypto legislation, Russia’s largest (and state-owned) bank is considering launching its own stablecoin to simplify blockchain transactions. A Stable Ruble Sergei Popov, director of Sberbank’s Transactions Business department, has raised the possibility of the issuance of digital tokens.

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Bank of Russia Wants to Put Mortgage Issuance on a Blockchain

Russia's is eyeing use cases for blockchain even as proposed legislation will clamp down on crypto.

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Telegram’s Fight Against SEC Will Help Push Cryptocurrency Legislation, Says Trade Group

Telegram’s ongoing court battle with the SEC over its $1.7 billion token offering could put pressure on Congress to move cryptocurrency regulation forward, according to the Blockchain Association.

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Russian Economic Ministry To Create Crypto And Blockchain Regulatory Sandboxes In New Bill

The Russian Federal Ministry of Economic Development has proposed new legislation that seeks to legalize crypto as well as blockchain-based initiatives through a special regulatory framework. The Ministry of Economic Development has already crafted and introduced a draft legislation to the State Duma, Russian Parliament, in a bid to enable the testing of blockchain and […]

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NJ Politician Proposes New Crypto Regulatory Act

New Jersey lawmaker Yvonne Lopez is concerned. There is a lack of consumer protection in the crypto space and she wants to put that right by introducing new regulatory measures. A Bill Regulating Crypto in New Jersey New Jersey Assemblywoman Lopez is the prime sponsor of new legislation labeled the “Digital Asset and Blockchain Technology Act” (A-2891).

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Central Bank of Russia Proposes Amendments To Legal Framework for Tokenization

The proposed cryptocurrency legislation in Russia could change a lot, now that a new bill for tokenization has been filed. On February 17, the Central Bank of Russia (CBR) has made the announcement that it has completed a blockchain tokenization pilot program.

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“High Demand” for Crypto Custody Licenses among German Banks

Companies increasingly adopting blockchain technology while new legislation further propelling the demand Crypto virus has spread all over the world and with prices yet again gaining steam, everyone wants a piece of them, even banks.

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Swiss Government Moves to Remove Legal Barriers for Blockchain Development

The Swiss Federal Council has adopted a revised proposal to remove legal hurdles still holding up blockchain innovation, and will pass the legislation to the parliament.

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Thailand SEC to Amend Crypto Legislation

Following the recent U-turn by China?s leaders, which resulted in a bull rally for blockchain, Thailand SEC plans to give some breathing space.

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Libra Testnet Fails to Impress as New Legislation Looms

A November 15 blog post by Libra project developers detailing testnet developments has apparently failed to impress government regulators and influential voices in the space alike. CEO of blockchain company R3, David Rutter, commented at a London conference last week that “what they did was ridiculously stupid,” going on to call the announcement and approach […] The post Libra Testnet Fails to Impress as New Legislation Looms appeared first on Bitcoin News.

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Wyoming Sets Standard for U.S., Passing 13 Blockchain Laws in 2019

Last year, the state of Wyoming assembled its Blockchain Task Force, whose goal was to pass legislation to help make the jurisdiction an attractive choice for industry startups.   Dubbed the “Delaware of digital asset law,” a reference to Delaware’s lead in corporate law, Wyoming now has 13 laws in the books and 8 more proposed.

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Chinese Crypto FOMO is Bigger than Bakkt, Libra, ETFs Combined

Crypto markets have had one of their best performing weekends this year and the momentum is all coming from the same place. Chinese crypto assets are surging at the moment following recent comments by President Xi and new cryptography legislation to promote blockchain technology.

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Illinois congressman says Bitcoin transactions are ‘kind of traceable now’

At a panel discussion conducted by the Chamber of Digital Commerce on October 21, Illinois congressman and member of the Congressional Blockchain Caucus, Bill Foster, spoke on cryptocurrency legislation and his experience with policymakers.

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Blockchain-Friendly Minnesota Congressman To Head Fintech Task Force

Representative Tom Emmer of Minnesota will be the ranking member of Congress on a Task Force to advance the national discussion on emerging financial technology. Emmer previously sponsored legislation such as the Blockchain Regulatory Certainty Act, which helped exempt certain blockchain businesses from onerous reporting and licensing requirements when they do not take control of […] The post Blockchain-Friendly Minnesota Congressman To Head Fintech Task Force appeared first on Crypto Briefing.

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Bithumb Global Plans to Lobby Indian Government for a Regulated Cryptocurrency Exchange

India is the first country to propose going as far as passing legislation to ban the use and custody of cryptocurrencies. In an attempt to open the Indian government’s eyes to the potential of public ledger cryptocurrencies, Bithumb has set out to launch a regulated exchange in India, as per the Economic Times, October 3, 2019.

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US House Passes Bill for FinCEN to Study Blockchain Use

The House of Representatives passed legislation calling for FinCEN to study its use of “innovative technologies” — including blockchain.

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PundiX Partners with Chainzilla to Boost Cryptocurrency Payments in Panama

According to an official announcement made on August 13, Panama-based blockchain startup Chainzilla has teamed up with Pundi X to integrate the Pundi X cryptocurrency payment solution XPOS in the region.

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U.S.: Legislation Realizes Bitcoin Is Harder To “Ban” Than They Thought

Despite the fears of some that regulations would be the reason why cryptocurrency falls, and the “bubble” pops, an article by Forbes published on July 30th, 2019 reports that U. S. lawmakers have finally concluded that this wouldn’t be possible.

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The United States Seeks to Prohibit Big Tech from Banking and Finance

A copy of draft legislation barring big tech from entering the banking industry and providing financial services has been doing the rounds. It is believed that this draft has been circulated amongst the House Financial Services Committee’s Democratic majority.

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US Senate Committee Of Science, Commerce And Transportation Passes Blockchain Promotion Act

The US Senate is making positive progress on a crucial piece of legislation that will lay the ground for a regulatory framework for blockchain technology and how the government can benefit from the technology.

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New Rate for Energy Consumption in Colorado Raises Doubts over Crypto Mining

Colorado has guaranteed the emission of low-cost energy to large industrial or commercial customers. The new legislation, however, raises questions about how the cryptocurency mining industry might hurt the state’s clean energy goals.

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Industry bigwigs explain ‘blockchain’ in as few words as possible

The blockchain and cryptocurrency industry is always changing. Every week there seems to be new legislation, new technological developments, or new scandals capturing the headlines. It can be tough trying to keep up with how it’s all developing.

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What Bitcoin Ban? Indian Central Bank Denies Involvement in Crypto Ban Bill

By CCN Markets: The Reserve Bank of India (RBI) has denied knowledge of a proposed bill which would see Bitcoin and crypto ownership in India made entirely illegal. Reports surfaced last week that lawmakers in India were working on legislation that could carry a 10-year prison sentence for anyone caught holding cryptocurrency.

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Op Ed: Bitcoin in Africa, What Needs to Be Done to Encourage Adoption?

Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet.

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Interview with Robin Matze, Blockchain Lawyer and Advisor to the German government

There are few things more complex than Blockchain and crypto legislation, especially when it comes to getting laws passed that will bring about adoption. BTCManager speaks with Robin Matze, a blockchain lawyer and advisor to the German government about how to get those in positions of power to embrace blockchain and why blockchain education mightRead MoreRead More.

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New Jersey Legislators Vote Unanimously in Favor of Blockchain Bill

A bill looking to study the integration of blockchain technology into the recordkeeping and service delivery processes of the state, county, and municipal governments of New Jersey has been approved unanimously.

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IRS Commissioner Makes Crypto Tax Clarity a Priority

The U. S. Internal Revenue Service (IRS) is planning to overhaul its methods for determining the federal taxes due on cryptocurrency payments to improve clarity for taxpayers.

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Washington State signs bill recognizing blockchain technology into law

On Apr. 26th, Washington State Governor Jay Inslee signed SB 5638—an act “recognizing the validity of distributed ledger technology”—into law. The Act encourages the development of blockchain, recognizes its use in commerce and digital signatures, and amends legislation to provide definitions for the technology.

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Government Will Be Able To Use Blockchain Solutions, If New Ohio House Bill 220 Passes

Government Will Be Able To Use Blockchain Solutions, If New Ohio Bill Passes As governments look for ways to use cryptocurrencies for their own purposes, new legislation is required to make these things possible.

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Pro-Bitcoin Ohio Bill Promotes Government Adoption of Blockchain

By CCN. com: A bill introduced this week in the Ohio House of Representatives urges government entities to adopt blockchain, the technology underpinning bitcoin. Republican state representative Rick Carfagna sponsored the bill.

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Wyoming Passes New Blockchain Laws With Hopes Of Stimulating Economy Via Jobs Creation

Wyoming Passes New Blockchain Laws A year after passing several laws defining the legal framework of blockchain and cryptocurrencies, Wyoming has passed an additional few laws to advance blockchain technology for companies and individuals.

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Switzerland: Federal Assembly Approves Cryptocurrency Regulations Motion

Switzerland’s Federal Assembly on March 20, 2019, passed a motion in favor of adopting the existing cryptocurrency regulation legislation. The motion was supported by 99 assemblymen who voted in its favor and will now move to the upper house of the parliament for final voting.

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Switzerland’s Parliament Approves Motion for Cryptocurrency Regulations

The Swiss Federal Assembly, which handles government legislation, approved on March 20th a motion directing the Federal Council to regulate cryptocurrencies. Switzerland has long been recognized as a leading hub of blockchain and cryptocurrency technology, with the Swiss town of Zug internationally referred to as “Crypto Valley.

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Blockchain and Crypto Business Reps Protest Nevada Bill

Crypto and blockchain industry reps voiced their concern over a new piece of legislation in the Nevada State Senate

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Texas Representative Looks to Force Verify Cryptocurrency Users

A member of Texas House of Representatives Phil Stephenson has introduced a draft bill which if passed will require residents of Texas to give their identity before they can use cryptocurrencies like bitcoin.

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In the Daily: Colorado Digital Token Act, ITI Funds Crypto Index, Fortress Blockchain

In this edition of The Daily we cover new legislation that could make Colorado more attractive to digital businesses and token issuers, the launch of a new cryptocurrency index fund, and the latest miner to succumb to crypto winter.

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Pro-Bitcoin Colorado Governor Signs Crypto-Friendly Digital Token Act

Colorado Governor and avowed bitcoin fan Jared Polis signed the Digital Token Act on March 8, exempting cryptocurrencies from state securities laws under certain conditions. The new legislation also exempts crypto broker-dealers and salespeople from state licensing requirements under limited circumstances.

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Former IBM Chair Talks About the Struggles of Public Blockchain and EU Privacy Laws Co-Existing

You may remember when new privacy laws were passed in the European Union (EU) recently and almost all the sites you visited warned you that they changed their policies, right? Well, unfortunately, the public blockchains are yet to be fully adequate to this new legislation, according to Sam Palmisano, the retired chairman of IBM. Palmisano, […]

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Pending Cryptocurrency Legislation List Highlights High-Impact Areas

With the advent of blockchain and cryptocurrencies disrupting our financial systems, regulators are forced to investigate the utility of this technology and propose new rules to ensure that citizens are able to receive the maximum benefit from using decentralized digital assets while minimizing any of its potentially harmful effects.

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Bandwagon: Utah Senate Considers Blockchain Following Landmark Wyoming Legislation

Utah legislators are now considering blockchain treatment in a bill that goes before the state senate on Mar. 4 Following on the heels of a series of landmark bills passed by the state of Wyoming,.

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Cryptocurrency Regulation: Lawmakers in Rhode Island Introduce Bill Exempting Some Tokens from Securities Law

A group of state lawmakers in Rhode Island has introduced a bill that will provide an exemption for some cryptocurrency tokens from securities law. Rhode Island becomes the next state after Colorado and Wyoming to go about establishing clear-cut regulations for the emerging virtual currency landscape.

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Blockchain for Europe Is Unifying the Industry’s Voices

Blockchain for Europe is working with EU regulators to bring about reasonable legislation regarding new technology. Learn more in our interview here. The post Blockchain for Europe Is Unifying the Industry’s Voices appeared first on CoinCentral.

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Washington State Senate Introduces Bill Promoting Blockchain Technology

Washington State has decided to begin 2019 with a focus on technological innovation, and despite past difficulties by other states,  a group of senators recently introduced a bill that seeks to make a series of amendments to current legislation to promote the use of blockchain technologies, especially in the area of identity verification.

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Washington State Introduces Bill Encouraging Development of Blockchain and DLT

The Washington State Senate introduced a bill that would—through amending existing legislation—encourage the development of distributed ledger and blockchain technology. The bill appears to codify blockchain-enabled digital signatures and licenses and provide the legal recognition necessary to enforce these standards.

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Italy Joins the Crypto World with First Blockchain Regulation

A January 23, 2019 approval by the Italian Senate Committee has seen Mediterranean country approve its first piece of blockchain legislation which defined various blockchain terms and states that the technology can be used for authenticating the time stamp of documents.

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The DS (Digital Securities) Protocol: Securitize’s Infrastructure for Tokenized Securities

Cryptocurrency has come under serious scrutiny following incoming regulation and legislation. Despite this, however, things remain legally unclear for cryptocurrencies overall as well as token offerings and blockchain-issued assets in particular.

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Wyoming Releases New Comprehensive Blockchain Legislation Details as Crypto Bill Makes Its Way into Legal System

New details have emerged about the state of Wyoming’s upcoming blockchain legislation. As discussed by Caitlin Long on Twitter earlier today, the state of Wyoming is ready to pass comprehensive legislation governing blockchain technology.

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SAP’s new blockchain project helps weed out counterfeit drugs

SAP has launched a blockchain-based supply chain tracking system to allow drug wholesalers to authenticate pharmaceutical packaging returned by pharmacies and hospitals. That should help them weed out counterfeit drugs from their supply chain.

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