US Lawmakers Introduce 'ECASH' Bill in New Push to Create a Digital Dollar

2022-3-28 17:13

The ecash would be a digital analogue to the greenback, and could preserve privacy and anonymous transactions, according to an adviser on the bill.

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Irish Govt to Target Cryptocurrencies Use in Money Laundering And Terror Financing

The Irish government aims to implement stricter and more stringent laws to curb money laundering and terrorism financing in its financial system, including digital assets. In a report first published by Irish Examiner, the Cabinet is set to approve Justice Minister Helen McEntee’s bill, Money Laundering and Terrorist Financing Amendment Bill 2020, to place more […]

2020-8-11 16:38


Putin Approves Cryptocurrency Bill, Stopping Russians From Using Bitcoin for Payments

On Friday, Vladimir Putin, Russia’s president, signed one of the two digital assets bills into law, Russian media outlet RIA reports. The new law was passed by Russia’s parliament, Duma, last week and states that firms can provide virtual securities on blockchain platforms provided they are well registered with the country’s central bank, Bank of […]

2020-7-31 22:04


US House Rep. Member Launches Bill to Promote National Advancement Of Blockchain Tech

The global digital technology integration race is on with leading states in Europe and Asia taking the first step in developing national blockchain strategies. With the U.S. lagging behind, U.S. Representative for Kentucky's 2nd congressional district, Brett Guthrie, presented a bill titled “Advancing Blockchain Act” to the Federal Trade Commission (FTC) to enhance the study […]

2020-5-23 18:10


US Congress Members Reintroduce ‘Digital Dollar’ in Automatic Boost to Communities Act

The U.S government has begun distributing the COVID-19 stimulus checks in a bid to boost the economy. In a new development in the Lower House, Representative Rashida Tlaib (D-MI) is looking to introduce a digital wallet in the new bill titled, ‘Automatic Boost to Communities Act (ABC)” to which the $2000 extended monthly payment will […]

2020-4-19 23:40


The US is discussing the creation of a digital dollar to combat coronavirus

Representatives of the Democratic Party of the United States of America are developing a bill to issue a digital dollar to overcome the economic consequences of the coronavirus pandemic. The preliminary document does not contain the concepts of “cryptocurrency” and does not mention the technology of a decentralized registry, and the definition of a digital […]

2020-3-25 19:56


New Bill To Stimulate The Economy Removes ‘Digital Dollar’ Term, Hours After Draft Issued

The latest US coronavirus-related bill submitted to the House of Representatives included mentions of the digital dollar, but it seems these mentions have been stripped. The latest version of the House Democrats’ Take Responsibility for Workers and Families Act was revealed on March 23, but it no longer contains anything about the digital dollar in […]

2020-3-24 19:51


South Carolina’s Senate Passes Resolution to Promote Blockchain Tech Adoption

The solutions around blockchain tech are gradually being considered by stakeholders such as legislators looking to create a sustainable ecosystem for digital assets. It is, therefore, no surprise that South Carolina has passed a bill named ‘A Senate Resolution To Acknowledge The Importance Of Emerging Blockchain Technology And To Call Upon The Residents Of South […]

2020-3-14 22:56


Hawaii Lawmakers Submit a Bill to Allow Banks to Provide Custody for Digital Assets

Hawaiian lawmakers have submitted a bill SB2594 on Jan. 18 that would make it legal for the banks to provide custody for digital assets. As per this bill, Hawaiin banks will be allowed to hold “Digital asset,” “Digital consumer assets,” “Digital security,” “Virtual currency,” and any other “open blockchain token” for their customers. Banks can […]

2020-1-24 19:33


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Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies

In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines […] The post Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies appeared first on Bitcoin News.

2020-1-23 07:55


New Congressional Bill Seeks To Exempt Small Crypto Transactions From Taxes

A Congressional bill seeking to exempt daily crypto purchases and transactions from capital gains taxation has been returned to the US Congress. The bill known as “The Virtual Currency Tax Fairness Act of 2020,” seeks to exempt digital currency expenditures that are personal transactions from capital gains taxation. Users will not be required to report […]

2020-1-17 00:18