Search Results for: WM

South Korea May Have to Postpone Crypto Taxation, Lawmaker Declares

Rep. Noh Woong-rae of the Democratic Party of Korea has expressed his scepticism about the possibility of the country’s Ministry of Strategy and Finance actualising its plans of taxing incomes from transacting digital currencies. According to local news sources Thursday, the lawmaker believed the entities involved do not have the right infrastructure to carry out … Continue reading South Korea May Have to Postpone Crypto Taxation, Lawmaker Declares

Brazilian Lawmaker Advocates for Workers to Receive Payment in Crypto

Brazilian Federal lawmaker, Luizão Goulart has proposed a bill that will see both government and private employees receive their remuneration in digital currencies. According to the details of the bill, the allowance will only be permitted after a mutual agreement has been reached by both the employee and the employer. The employees will have the … Continue reading Brazilian Lawmaker Advocates for Workers to Receive Payment in Crypto

London Lawmaker Urges Government to Ban Crypto Ads on Public Transport System

A London Assembly member from the Green Party, Sian Berry, is pushing for a broad crackdown on advertisements featuring digital currencies on the London Transport System. While the lawmaker said she is not targeting any specific advert, she said it is unethical for the city’s rail and buses to feature unregulated digital tokens. As contained … Continue reading London Lawmaker Urges Government to Ban Crypto Ads on Public Transport System

India Sees a Step Backward as Lawmaker to Advocate Crypto Ban

Despite the recent progress being made with respect to the regulations of digital currencies in India, a Lok Sabha lawmaker, Nishikant Dubey, advocated that the nation should ban cryptocurrencies rather than embrace these nascent assets through regulation. As reported by the local news channel NDTV, the lawmaker raised the talk in the late hours at the … Continue reading India Sees a Step Backward as Lawmaker to Advocate Crypto Ban

Despite Clear Divide Amongst Lawmakers, Crypto CEOs Request Clear Regulations

Top executives representing the biggest companies in the American digital currency ecosystem appeared before Congress to testify on the state of the crypto industry. While CEOs met with a divided House who seemed unable to agree on the approach to employ in regulating the nascent industry, demands for clear regulations were vocally spelt out. “We need … Continue reading Despite Clear Divide Amongst Lawmakers, Crypto CEOs Request Clear Regulations

Spanish Lawmaker Tables a Proposal to be Bitcoin Mining Hub after Kazakhstan Internet Shutdown

Maria Munoz, a member of the Congress of Deputies, seeks to make Spain a Bitcoin mining hub while the turmoil is still rocking Kazakhstan. Munoz pointed out: “The protests in Kazakhstan have repercussions all over the world including Bitcoin. We propose that Spain position itself as a safe destination for investments in cryptocurrencies to develop a … Continue reading Spanish Lawmaker Tables a Proposal to be Bitcoin Mining Hub after Kazakhstan Internet Shutdown

British Lawmakers Sense Risks Over Use of Digital Pound

As talks about the release of a digital pound by 2025 are yet to happen, British members of parliament are already doubtful that their use could harm financial stability, raise the cost of credit and erode privacy. In order to fight private sectors from gaining total domination over digital payments and the fall of cash … Continue reading British Lawmakers Sense Risks Over Use of Digital Pound

Canadian Lawmaker Introduces Bill, Seeking to Aid Crypto Industry's Growth

Michelle Rempel Garner, a member of the House of Commons of Canada, has introduced a bill that seeks to provide leeway for cryptocurrencies and their ecosystem to thrive in the country. According to Bill C-249, cited as the Encouraging the Growth of the Cryptoasset Sector Act, the Minister of Finance is expected, in consultation with … Continue reading Canadian Lawmaker Introduces Bill, Seeking to Aid Crypto Industry's Growth

US Lawmakers Introduce ‘ECASH Bill’ Aimed at Creating Digital Dollar

A group of U.S. lawmakers announced Monday that they introduced a law bill that calls for developing an electronic version of the U.S. dollar that has the same privacy expectations and legal status as fiat currency. Supported by serval lawmakers, including Stephen Lynch (D-Mass.), Jesús Chuy Garcia (D-Ill.), Ayanna Pressley (D-Mass.) and Rashida Tlaib (D-Mich.), … Continue reading US Lawmakers Introduce ‘ECASH Bill’ Aimed at Creating Digital Dollar

New York Lawmakers to Make Rug Pulls in Crypto a Crime

The State of New York may soon make a move to christen “Rug Pulls” in the digital currency ecosystem as an offence, which could come as a bill, dubbed Senate Bill S8839 when it is passed into law. The Bill was introduced by Senator Kevin Thomas and alongside an accompanying Assembly Bill A8820 filed at the … Continue reading New York Lawmakers to Make Rug Pulls in Crypto a Crime

Exit mobile version