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The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted suggestions for lawmakers to consider in potential legislation on the tax treatment of digital assets.In a Sept. 8 letter to U.S. Senators Ron Wyden and Mike Crapo, the Blockchain Association said lawmakers should support the Keep Innovation in America
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Anatoly Aksakov, head of Russia’s Banking Committee, believes that the digital ruble could potentially render traditional banking institutions obsolete. In a discussion at the AiF.Media club, Aksakov opined that the evolving landscape of financial technology could reduce
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Stand with Crypto Alliance, a new advocacy organization by Coinbase, was launched to mobilize the crypto community to help shape the crypto regulation in the US. Yet, with varying opinions within the community, its success remains uncertain. A lack of regulatory clarity has been one of the prickliest thorns on the
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Australia’s Senate Committee on Economics Legislation has finally provided feedback to the cryptocurrency bill introduced by senator Andrew Bragg.The committee on Sept. 4 reported on the draft bill referred to as “The Digital Assets (Market Regulation) Bill 2023,” asking the bill authors to add some amendments.The Senate particularly concluded that
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied UK lawmakers wish to unite global efforts to safeguard the masses against bad actors who misuse artificial intelligence, or AI. The UK’s House of Commons issued a report acknowledging the potential benefits of AI, such as enhanced
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Cryptocurrency advocacy group Coin Center has provided suggestions for United States lawmakers to consider in potential legislation related to the taxation of digital assets.In an Aug. 21 letter to Sens. Ron Wyden and Mike Crapo, Coin Center pointed to the Virtual Currency Tax Fairness Act — a bill previously introduced
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United States lawmakers on the House Financial Services Committee have demanded answers from the heads of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding under what circumstances Prometheum obtained a special purpose broker-dealer license (SPBD).In separate letters dated Aug. 9, House committee chair Patrick McHenry
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Three members of the United States Senate have reportedly sent a letter to the White House and Treasury Department in an effort to crack down on North Korea using cryptocurrency to fund its nuclear program and evade sanctions.According to an Aug. 4 report in the Wall Street Journal, Senators Elizabeth
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Two United States lawmakers have written to Apple CEO Tim Cook, raising concern about how the company’s guidelines may restrict crypto and NFTs. Congressman Gus Bilirakis of Florida and his Illinois counterpart Jan Schakowsky, on July 28,
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Representatives Gus Bilirakis, from Florida and of the Republican Party, and Jan Schakowsky, representing Illinois and affiliated with the Democratic Party, both serving in the United States Congress joined forces and took the initiative to address their concerns directly to Apple CEO Tim Cook. on the California-based company's App Store
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