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US Lawmakers to Visit Switzerland to Discuss Crypto, Facebook’s Libra

A delegation of the United States House of Representatives will visit Switzerland on cryptocurrency concerns, with Facebook’s not-yet-released stablecoin Libra being in the focus.As local weekly news outlet NZZ am Sonntag reported on Aug. 17, a six-member delegation from the House Financial Services Committee is going to meet with

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Walmart Crypto Project More Agreeable to Lawmakers Than Libra

A senior policy analyst at investment banking corporation Cowen, Jaret Seiberg, said that Walmart’s proposed digital coin should not face as much regulatory pushback as Libra, Facebook’s proposed virtual currency.As Bloomberg reports on Aug. 5, Seiberg also added that Walmart’s crypto may have a demographic appeal to Democratic legislators

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US Lawmakers Push to Keep Big Tech Out of the Financial World with New Proposed Legislation

In a legislative draft titled “Keep Big Tech Out Of Finance Act,” members of the US Democratic Party are working towards passing stringent rules to discourage big tech firms eyeing the financial market.This legislation is especially targeted at big firms such as Facebook who wants to function as a financial

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Indian Lawmakers Propose Adoption of 10-Year Jail Term for Crypto Dealings

Indian lawmakers have reportedly proposed to enforce a 10-year jail term for citizens who deal with cryptocurrencies, local financial news agency BloombergQuint reports on June 6.The new tough crypto regulation is a part of a recently proposed draft bill called “Banning Cryptocurrencies and Regulation of Official Digital Currency Bill

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US Lawmakers Introduce Bill to Impose Sanctions on Iranian National Cryptocurrency

United States lawmakers have introduced a bill to levy further sanctions on Iranian financial institutions and the development and use of the national digital currency. HR 7321 was introduced in the House of Representatives by Rep. Mike Gallagher on Dec. 17.In a bid to combat money laundering and terrorism-related activities,

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Russian Lawmakers Wash Their Hands of Crypto and Mining Regulation

Russian Lawmakers Wash Their Hands of Crypto and Mining Regulation October 24, 2018 by Jeff Fawkes Russian lawmakers have excluded “mining” and “cryptocurrency” definitions from the infamous cryptocurrency draft law, as requested by Anatolii Aksakov, head of the Gosduma committee for financial markets, during the Finopolis 2018 fintech forum. Interestingly, on October

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