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The act, which establishes rules on the sharing of data, received 481 votes in favor and 31 votes against, according to a press release. The legislation now needs formal approval from the European Council, a body comprising the 27 member nations' heads of state. Original Source
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On Oct. 25, Taiwanese legislators introduced the Virtual Asset Management Bill to the unicameral parliament, the Legislative Yuan. The bill aims to provide “better protection” for the customers and “properly supervise” the industry. The 30-page bill appears moderate in its demands for the industry. It suggests some common sense obligations for
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The Economic Crime and Corporate Transparency Bill covers a range of criminal activities from drug trafficking to cybercrime and is expected to get the King’s approval on Thursday that will put into force. Provisions in the bill give broader powers to local cops, and would let them seize crypto with
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The European Parliamentary Research Service (EPRS) highlighted the need for tighter oversight from non-European Union regulators to ensure greater stability and development in the global cryptocurrency market.MiCA implementation timeline. Source: esma.europa.euAs the Markets in Crypto-Assets Regulation (MiCA) Act continues on the road to implementation by December 2024, an EPRS report cited the
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“The metaverse is in scope of the bill, which, as noble Lords know, has been designed to be technology neutral and future-proofed to ensure that it keeps pace with emerging technologies,” Lord Stephen Parkinson, a member of the Parliament's upper house and minister at the Department for Culture, Media and
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South Korea’s parliamentary ethics subcommittee has voted down a motion to expel Kim Nam-kuk, a former member of the main opposition Democratic Party.A parliamentary ethics subcommittee of South Korea has voted down a motion to expel Kim Nam-kuk, a former member of the main opposition Democratic Party (DP), the local
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The central bank digital currency (CBDC) project in Russia made one large step closer to reality. On July 11, Gosduma, the lower chamber of the Russian parliament, passed a “digital rouble” bill in the third reading. Now the document faces confirmation in the higher chamber and, afterward, the President’s signature. The
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On June 5, a bill proposing exemptions from capital gains taxes on the sale of digital currencies in Israel passed the preliminary reading in the country’s parliament, the Knesset. The bill offers extra tax advantages for people
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Lawmakers wanted to see a 7% rate for crypto held longer than a year Source
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Parliament members in the European country of Slovakia voted in approval of lowering crypto taxes, among additional measures affecting cryptocurrency holders. On June 28 the Slovakian parliament voted to approve an amendment that will reduce personal income tax for profits gained from the sale of cryptocurrencies that have been held by
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