A U.S. lawmaker has introduced the Blockchain Regulatory Certainty Act to ensure that developers and non-custodial service providers in the crypto space are not considered money transmitters and are not subject to the same level of regulation as custodial cryptocurrency exchanges. “The longer we delay providing this commonsense clarification, the AffirmBillBitcoinBlockchaincryptoexchangeDevelopersExchangesIntroducesLawmakerMoneyNewsNonCustodialRegulationServicesTransmitters Read More
The Montana Senate recently passed a bill designed to protect crypto miners operating within the state. The proposed law, which is currently making its way through the state's House of Representatives, seeks to protect both individual and commercial miners in Montana against discriminatory laws by scrapping some of the rules ApprovedbenefitBillBitcoincryptoexchangeExchangesMiningMontanaProCryptoStands Read More
It is unclear yet if this measure will extend to bitcoin (BTC) applications, but El Salvador and its president are known for being bitcoin-friendly, in 2021 becoming the first nation to make the crypto legal tender. The country's legislature earlier in 2023 passed a law paving the way for a BillBukeleEliminatingInnovationsIntroduceNayibPresidentSalvadorTaxesTechnology Read More
Republican Senator Ted Cruz has introduced a bill to block the United States Federal Reserve from launching a “direct-to-consumer” central bank digital currency (CBDC).In a March 21 statement, Cruz said he introduced the bill to prevent the Fed from developing a retail CBDC “which could be used as a financial BillBlockCBDCCruzSenatorTed Read More
The United States has been working on its own CBDC after the Biden-led administration developed policy objectives in 2022.
The governor of Florida, Ron DeSantis, is proposing a law that seeks to ban the use of central bank-issued digital currencies (CBDCs) in the state. According to a press release, the governor BanBillCBDCsDeSantisFloatsFloridaGovernorRON Read More
So it's more robust, I would say. [The legislation has] been on a diet and it's been on exercise, so it's meatier and a little shorter, but we also have tried to address some issues that we think are important to address. From the original bill where we were proposing BillCryptoCryptoCurrencyCynthiaLummisPlansQueenSenator Read More
Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency.
Russian State Duma Passes Digital Ruble Draft Law BillBitcoinDigitalDoorFinanceNewsOpeningParliamentRubleRussianVotes Read More
“Article 30, as currently drafted, goes a step too far in addressing the issues raised by immutability,” Thibault Schrepel, an associate professor at VU Amsterdam University, tweeted ahead of the vote. “It endangers smart contracts to an extent that no one can predict.”
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A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines.
Forced Labor Awaits Miners and Traders BillBitcoinCryptocryptoexchangeEvadingExchangesMinersMiningNewsPrisonRevisedRussianSuggestsTaxationTime Read More
South Dakota governor Kristi Noem has formally rejected legislation that would have excluded bitcoin (BTC) and other cryptocurrencies from the definition of money.
Bill excluded crypto but classified CBDCs as money
The legislation, known as House Bill 1193, was intended to amend provisions of South Dakota’s Uniform Commercial Code to exclude digital BillCryptosDakotaDefinitionExcludingGovernorMoneySouthVetoes Read More