Category: bill

Indian Lawmaker Raises Hope of Positive Crypto Regulation

Indian Lawmaker Raises Hope of Positive Crypto RegulationA member of the upper house of the Indian parliament has given the crypto community some advice on what can be done to influence the government’s crypto decisions. He encourages anyone to reach out to him and discuss their concerns, including issues related to the draft bill to ban cryptocurrencies in India. His words and […]

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Indian Government’s New Report Views Crypto Positively

Indian Government’s New Report Views Crypto PositivelyA new Indian government report has put cryptocurrency in a positive light, viewing the mechanisms surrounding it, including initial coin offerings, as “revolutionizing the global fintech landscape.” The report also discusses the regulation of coins and tokens. Also read: Indian Exchanges Innovate as Calls for Positive Crypto Regulation Escalate Steering Committee’s Report The Indian Ministry […]

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Dutch Central Bank Prepares to Start Regulating Crypto Sector

Dutch Central Bank Prepares to Start Regulating Crypto SectorThe central bank of the Netherlands is preparing to supervise the country’s crypto sector. The bank has requested crypto exchanges and wallet providers to come forward and submit some information. Once the law takes effect, these operators will be required to register with the central bank to continue operations. Also read: Crypto Can Boost Indian […]

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RBI Defends Its Power Over Crypto in Indian Supreme Court

RBI Defends Its Power Over Crypto in Indian Supreme CourtThe Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read: RBI’s Power Over Crypto Challenged at Length in […]

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India Plans to Introduce Crypto Bill Next Parliament Session – A Look at Community Responses

India to Introduce Crypto Bill Next Parliament Session - A Look at Community ResponsesThe Indian government has submitted a draft crypto bill to the supreme court and expressed its intention to introduce the bill in the next parliament session. The court subsequently set a new date to hear the case relating to crypto regulation. Meanwhile, the Indian crypto community has ramped up efforts to influence the government’s final […]

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Calls Intensify for Indian Government to Regulate Cryptocurrency

Calls Intensify for Indian Government to Regulate CryptocurrencySince 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. Also read: G20 Leaders Issue Declaration on […]

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Indian Government Official Resigns After Drafting ‘Flawed’ Crypto Bill

Indian Government Official Resigns After Drafting 'Flawed' Crypto BillThe Indian government official who headed the committee which drafted the bill to ban cryptocurrencies has resigned after releasing the report and draft bill which the crypto community calls “flawed.” Meanwhile, the government has confirmed that cryptocurrency is currently not prohibited in the country and the recommendations are being examined by relevant authorities. Also read: […]

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Indian Government Breaks Silence on Crypto Regulation

The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation has already been submitted by the interministerial committee tasked with drafting the […]

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Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status

Georgia Exempts Bitcoin From VAT to Become the Next Country Affirming Its Currency StatusCryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation to free crypto-fiat transactions from […]

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110 Cryptocurrency Exchanges Want to Launch in Japan – A Look at Recent Changes

110 Cryptocurrency Exchanges Want to Launch in Japan - A Look at Recent ChangesFollowing G20 meetings, where Japan led several discussions regarding crypto assets, the country’s top financial regulator told news.Bitcoin.com that 110 crypto exchanges are now interested in launching in Japan. The country recently passed a new cryptocurrency bill, and some approved crypto trading platforms have undergone changes. Also read: G20 Leaders Issue Declaration on Crypto Assets […]

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Indian Government Shed Light on Proposed Crypto Regulation

Indian Government Shed Light on Proposed Crypto RegulationSince leaked information regarding India’s cryptocurrency bill emerged, there have been constant discussions about what it entails. Four different government bodies have been asked about their involvement in the drafting of the bill. South Korea went through a similar situation, causing confusion to the public. Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms RTIs […]

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Indian Crypto Community Petitions Government for Regulation

Indian Crypto Community Petitions Government for RegulationFollowing widespread reports of the upcoming Indian cryptocurrency bill, the crypto community has started a petition for the government to quickly implement a regulatory framework for cryptocurrencies. In addition, a television network operated by the Upper House of the Indian Parliament has aired a program discussing the bill, and three Right to Information requests have […]

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Leaked Details of India’s Supposed New Cryptocurrency Bill Analyzed

Leaked Details of India’s Supposed New Cryptocurrency Bill AnalyzedExcerpts from what could be India’s new cryptocurrency bill have been leaked. While local media have made outrageous claims about the details of the bill, industry experts have pointed out numerous flaws and inaccuracies. Meanwhile, the country’s finance secretary has confirmed that the crypto regulation is ready to be submitted to the finance minister for […]

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India’s Central Bank Denies Knowledge of Bill to Ban Cryptocurrencies

India's Central Bank Denies Knowledge of Bill to Ban CryptocurrenciesIndia’s crypto regulation is reportedly ready and there has been much speculation about what it contains. An Indian lawyer has gotten some answers from the Reserve Bank of India about a bill allegedly seeking to ban cryptocurrencies. Surprisingly, the central bank claims that it does not have any knowledge of this bill and did not […]

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New Cryptocurrency Bill Advances in Japan, Regulator Explains

New Cryptocurrency Bill Advances in Japan, Regulator ExplainsJapan’s House of Representatives has passed a new cryptocurrency bill with additional requests for the government to incorporate into law. News.Bitcoin.com talked to Japan’s top financial regulator to find out the implications of this bill and the proposed resolution. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Japan’s New Crypto Bill Passes […]

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5 Major Indian Laws That Apply to Cryptocurrency

5 Major Indian Laws That Apply to CryptocurrencyIndia has a number of laws that currently apply to cryptocurrency. A new Cambridge University report explains some of these laws. News.Bitcoin.com talked to one of the authors of the report to uncover more details. Meanwhile, the Indian government is currently finalizing regulations specific to crypto assets. Also read: Indian Supreme Court Postpones Crypto Case […]

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Russia Adopts Law to Isolate Runet From the Internet

Russia Adopts Law to Isolate Runet From the InternetRunet, the Russian segment of the internet, is about to be isolated from the rest of the web. A new law adopted by the State Duma aims to do so in order to supposedly protect it from external threats and turn it into a “sovereign” space. Russian taxpayers and end users will pay the bill […]

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In the Daily: Liberstad Coin, Mining Contracts, Luxembourg Law

In the Daily: Liberstad Coin, Mining Contracts, Luxembourg LawIn this edition of The Daily, we look at Liberstad’s progress toward building a libertarian community in Norway. The city has just issued its own digital coin. Also, crypto mining contracts have been classified as securities in the Canadian province of Quebec. And in Europe, Luxembourg has adopted a law that protects crypto traders and […]

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Wyoming Senate Passes Bill Recognizing Cryptocurrency as Money

Wyoming Senate Passes Bill Defining Cryptocurrency as PropertyThe Senate of the U.S. state of Wyoming has passed a bill which defines cryptocurrency as property and establishes rules including for allowing banks to provide crypto custodial services. For secured transactions, however, the bill recognizes cryptocurrency as money subject to some of the same rules as money in the state. Also read: Indian Supreme Court Moves […]

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Colorado Introduces Bill With Securities Law Exemptions for Cryptocurrencies

Colorado Introduces Bill With Securities Law Exemptions for CryptocurrenciesThe U.S. state of Colorado has introduced the “Colorado Digital Token Act” which provides some “exemptions from the state securities laws for cryptocurrencies,” according to the text of the bill. Meanwhile, the state’s securities commissioner has already taken action against 20 initial coin offerings. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive […]

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Bill to Curb Iranian National Crypto Filed in US Congress

Draft legislation designed to hamper Iran’s efforts to create a sovereign cryptocurrency has been introduced in the U.S. Congress. The Blocking Iran Illicit Finance Act bans U.S. citizens and companies from all transactions and dealings in Iranian digital currency. The bill also introduces sanctions against foreign nationals and organizations that support the development of the […]

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US Lawmakers File Bill to Exclude Cryptocurrencies From Securities Definition

US Lawmakers File Bill to Exclude Cryptocurrencies From Securities DefinitionTwo U.S. congressmen have introduced a bill aimed at amending the country’s securities laws to exclude cryptocurrencies from the definition of a security. The bipartisan bill also seeks to adjust taxation and create tax exemptions for certain cryptocurrency transactions. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Bill Introduced U.S. Reps. Warren […]

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Russian Parliament Postpones Adoption of Digital Assets Bill

The State Duma, the lower house of Russia’s parliament, has postponed the second reading of a long-awaited bill intended to regulate cryptocurrencies in the country. Lawmakers will review the draft law “On Digital Financial Assets” during the spring parliamentary session next year, the house deputy speaker Sergey Neverov announced. Also read: Transnistria Welcomes Crypto Miners, […]

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Russians to Be Allowed ICO Investments up to $9,000 per Year

Russians to Be Allowed to Invest in ICOs up to $9,000 per YearRussian lawmakers have revised another bill regarding the regulation of the industry built around cryptocurrencies. In its latest version, the draft law on crowdfunding sets the maximum amount of money ordinary Russians will be permitted to invest in projects such as ICOs at less than $9,000 per year.      Also read: Lawyers to Help the […]

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