Cryptocurrency Analysis and News Portal
Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable it to preserve its forex
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Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to support friendly legislation.Porter, who first discovered Bitcoin (BTC) in 2017, told Cointelegraph his path on advocating the benefits of mining
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Several United States senators have reportedly penned a letter requesting answers from Silvergate Capital — the parent company of Silvergate Bank — related to the collapse of cryptocurrency exchange FTX.According to a Jan. 31 Bloomberg report, U.S. Senators including Elizabeth Warren, Roger Marshall and John Kennedy said Silvergate had not
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One promise on which President Yoon has been able to deliver, however, is the legalization of securities tokens, which are blockchain-based digital forms of traditional securities. On Jan. 19, FSC Chairman Kim Joo-Hyun announced that security token offerings (STO) had officially been legalized in South Korea. Source
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The bill was supported by some representatives of both the Republican and Democratic parties.A new bill has been submitted by Senator Josh Hawley, this bill is expected to refrain members of Congress from trading and possessing stocks, leveraging the name of his legislation to criticize the investment activities of Rep.
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Lawmakers in the Arizona State Senate are considering a bill aimed at having voters decide whether virtual currency is exempt from property taxation.In legislation introduced to the first session of the Arizona State Senate in 2023, Senators Wendy Rogers, Sonny Borrelli, and Justine Wadsack proposed having Arizona residents decide on
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In December, Senator Hervé Maurey said crypto companies that aren’t registered with France’s Financial Markets Authority (AMF) by Oct. 1, 2023 should be obliged to seek a license – something that requires extra checks on governance and financial management, and which no crypto firm has yet succeeded in gaining. Original Source
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The Economic and Monetary Affairs Committee of the European Parliament has voted for measures requiring banks holding cryptocurrencies to set aside a punitive amount of capital.In a Jan. 24 notice, the European Parliament announced the committee had voted overwhelmingly in favor of amendments to its Capital Requirements Regulation and Capital
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The report “suggests the introduction of a European tax on crypto-assets, whose revenues would flow into the European budget,” said the report by French lawmaker Valérie Hayer and Portuguese social democrat José Manuel Fernandes. “Regulating and taxing crypto-assets at EU level is more efficient than at national level given their
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In the meantime, “banks will be required to hold a euro of own capital for every euro they hold in crypto," Markus Ferber, the economic spokesperson for the parliament's largest political grouping, said in a statement. “Such prohibitive capital requirements will help prevent instability in the crypto world from spilling
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