UK Promises New Laws to Promote, Seize Crypto
Prince Charles promised legislation on economic crime and financial services as he formally opened a new session of parliament. Source
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Senators Bragg and Lummis discuss crypto laws collaboration between US, Australia
Australian Senator Andrew Bragg hasmet with U.S. Senator Cynthia Lummis to discuss potential collaboration on cryptocurrency regulation between the two countries. Senator Bragg is a crypto-friendly politician from the ruling Liberal Party (a conservative center right party) that has been one of the driving forces behind a proposed forward-thinking regulatory
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Trading on Indian Crypto Exchange Continues to Slump Following New Tax Laws; Cryptos Higher
The largest cryptocurrency by market capitalization was recently trading just over $39,200, up over 2% over the last 24 hours. Ether, the second-largest crypto by market cap, was changing hands at roughly $2,880, a more than 1.9% gain over the same period. Trading volume and volatility remained at low levels
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Are Crypto ‘Legal Tender’ Laws Even Necessary?
Are Crypto ‘Legal Tender’ Laws Even Necessary? Original Source
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EU Crypto Firms Protest ‘Alarming’ Anti-Money Laundering Laws
The letter, seen by CryptoX and signed by academics, lobby groups and senior executives from companies such as Ledger, Aave and Blockchain.com, says current proposals to identify crypto users, known as the travel rule, endanger privacy and innovation in the EU. Source
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Half of assessed jurisdictions don’t have ‘adequate laws and regulatory structures’ — FATF
The Financial Action Task Force, or FATF, reported that many countries, including those with virtual asset service providers (VASPs), are not in compliance with its standards on Combating the Financing of Terrorism (CFT) and Anti-Money Laundering (AML).In a report released Tuesday on the "State of Effectiveness and Compliance with the
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Crypto Industry's Growing Sway in Shaping US States' Laws: NY Times
The article, the second deep dive into crypto by the Times in the last month, highlights mainstream media's increased coverage of the space. Source
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‘We Have Entered a Period of Pain,’ Says WazirX CEO of India’s New Tax Laws
Nischal Shetty, one of the most prominent figures in India’s crypto industry, talks candidly and at length about what’s at stake with the country’s new tax provisions. Original Source
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Amendments to Relevant Laws to Be Finalized in 2022 – Regulation Bitcoin News
The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury has said it expects the proposals to include
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Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills – Regulation Bitcoin News
The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18. Media reports have revealed that Bank of Russia has been working on alternative bills. Russian Ministry of Finance to
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