Cryptocurrency Analysis and News Portal
The European Union's (EU) proposed Markets in Crypto Assets (MiCA) regulatory package is moving forward to the next phase of discussions without a controversial provision seeking to restrict the use of cryptos like bitcoin, that are based on proof-of-work. Source
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“There’s never a dull moment in this nascent industry. Although the proof-of-work amendment, which would have meant a de facto EU ban on Bitcoin and Ethereum, was voted down, the sigh of relief we are breathing is likely short-lived,” said Ian Taylor, executive director at CryptoUK, an independent industry association,
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A piece of legislation aimed at addressing supply chain issues to keep the U.S. economy and businesses competitive has passed the House of Representatives — without a provision many in the crypto space had criticized for giving the Treasury Secretary authority to shut down exchanges.In a 222-210 vote on Friday,
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The Indian government may be seeking to define just what is or is not a non-fungible token (NFT).Indian Finance Minister Nirmala Sitharaman announced the nation's budget on Tuesday, revealing it will tax digital assets at a 30% rate. A different section, however, is raising more alarm within the crypto industry.The
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Under existing law, the Treasury secretary, in consultation with the Federal Reserve chairman, secretary of state, federal regulators and other agencies, has the power to impose such restrictions on transactions. However, a public rulemaking notice must be issued with the restriction, and the restriction lifts after 120 days unless the
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North Carolina Representative Ted Budd submitted an amendment to the omnibus America COMPETES Act of 2022, specifically targeting the provision that would allow the Treasury Department to impose “special measures,” including surveillance and outright prohibitions, against “certain transmittals of funds.”As Cryptox reported, executives of crypto advocacy group Coin Center had
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Jerry Brito, the executive director of non-profit crypto policy advocate group Coin Center, suggested U.S. residents call their elected officials over possible privacy and due process concerns in a new bill proposed by House leaders.According to a Wednesday Twitter thread from Brito, the America COMPETES Act recently released by House
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