Delay In India’s Crypto Bill Justified Due To Its Complexity: Experts

Delay In India

The delay in India’s cryptocurrency bill is justified, due to its complexityThe delay in India’s cryptocurrency and digital assets legislation is justified because of its complexity and the impact such a decision will have on investors and broader financial markets, said experts.In its current form, the Cryptocurrency and Regulation of Official Digital Currency Bill aims … Read more

Today in Crypto: Brazil Bill Advances

Today in Crypto: Brazil Bill Advances

The Brazilian Senate’s economic affairs committee Tuesday (Feb. 22) approved a bill legitimizing crypto transactions, CoinDesk reported. The bill was introduced by Sen. Flávio Arns and still has to be approved by the full Senate and the lower house. If approved, it will designate crypto companies as “virtual service providers” and keeps the Brazilian Securities … Read more

Russian Government Introduces Crypto Bill to Parliament Over Central Bank Objections

Russian Government Agrees on Road Map to Regulate Crypto: Report

The announcement highlights the policy split with the Bank of Russia, which opposes regulation and would rather see cryptocurrency trading and mining banned. The central bank, which has been pushing forward the pilot of its central bank digital currency, the digital ruble, has suggested punishing crypto trading and issuance with fines up to 500,000 rubles … Read more

Bipartisan Bill in Tennessee Would Allow the State to Invest in Crypto and NFTs

Bipartisan Bill in Tennessee Would Allow the State to Invest in Crypto and NFTs

One challenge going forward – whether in Nashville or in Washington, D.C. –  is education, said Powell. “It’s an issue that a lot of people – a lot of my colleagues – don’t understand … But at the end of the day, it’s a conversation I’m going to continue. Hopefully we can get it passed … Read more

Is the New Infrastructure Bill Really Anti-Crypto?

Is the New Infrastructure Bill Really Anti-Crypto?

Image source: Getty Images President Biden signed a new $1.2 trillion Infrastructure Investment and Jobs Act, also known as the Infrastructure Bill, into law at the end of last year. The legislation covers spending on all kinds of infrastructure, including water, electricity, internet, roads, rails, and airports. One of the ways the government hopes to … Read more

Congress Introduces A Radical Crypto Bill To ‘Unleash Innovation’ As The Price Of Bitcoin And Ethereum Suddenly Soar

Congress Introduces A Radical Crypto Bill To ‘Unleash Innovation’ As The Price Of Bitcoin And Ethereum Suddenly Soar

Bitcoin and ethereum, the two largest cryptocurrencies have suddenly surged higher this week, with prices leaping following a much stronger than expected U.S. jobs report. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains The bitcoin price, which has fallen sharply from a peak … Read more

House Bill Could Let Treasury Secretary Block International Crypto Transactions

House Bill Could Let Treasury Secretary Block International Crypto Transactions

The Treasury Secretary already has this power in limited quantities. Under existing law, the regulator, in consultation with the Federal Reserve Chair, Secretary of State, federal regulators and other agencies can impose these restrictions on transactions. However, a public rulemaking notice must be issued alongside the restriction, and the restriction will lift after 120 days … Read more

Crypto Advocates Decry Bill That Could Ban Transactions

Crypto Advocates Decry Bill That Could Ban Transactions

‘Special Measure’ in COMPETES Act Would Further Empower FinCEN Dan Gunderman (dangun127) • January 27, 2022     Photo: Executium via Unsplash Democratic lawmakers on the House Committee on Financial Services this week outlined nine provisions of the proposed America COMPETES Act of 2022 – one of which has been criticized by the cryptocurrency community … Read more

Turkish Parliament To Weigh In On New Crypto Bill

Turkish Parliament To Weigh In On New Crypto Bill

According to a senior government official, the upcoming crypto regulations under review in the Turkish Parliament do not include a 40% tax on crypto. Cryptocurrency investors in Turkey can breathe a collective cautious sigh of relief. A legal framework designed to prioritize transparency, safety, and auditability of crypto exchange platforms, will be delivered to Parliament … Read more

In charts: Investors not affected by uncertainty over crypto bill, platforms continue to attract users

In charts: Investors not affected by uncertainty over crypto bill, platforms continue to attract users

NEW DELHI Despite uncertainty over crypto taxation and the impending Cryptocurrency Bill, leading industry players continue to attract investors, according to data analysed by conversion media platform Bobble AI. Crypto trading platform CoinDCX witnessed a 45.78 per cent spike in installed users between October and November 2021, while industry player Bitbns leads in terms of … Read more

cryptocurrency: Sign-ups lag on crypto exchanges as government defers bill

cryptocurrency: Sign-ups lag on crypto exchanges as government defers bill

Mumbai: Crypto exchanges that registered a double-digit growth until recently are witnessing slowdown in their new sign-ups in December after New Delhi deferred discussions on the proposed cryptocurrency law to the budget session. New signups, across platforms, were increasing at 10% month on month until October-November in anticipation of a legal framework expected to be … Read more

Pro-Bitcoin Senator to Introduce Comprehensive Crypto Bill in US – Regulation Bitcoin News

Pro-Bitcoin Senator to Introduce Comprehensive Crypto Bill in US

The pro-bitcoin U.S. Senator Cynthia Lummis has reportedly unveiled her plan to introduce a comprehensive crypto bill that will cover everything from how cryptocurrencies are taxed and categorized to consumer protections. The bill will also propose creating a new entity to oversee the digital asset market. Comprehensive Crypto Bill Coming up in US, Says Senator … Read more

Crypto Bill Deferred, No Cabinet Approval Yet: Report

Crypto Bill Deferred, No Cabinet Approval Yet: Report

The Cryptocurrency Bill proposes to ban all private cryptocurrencies in India and facilitate regulation.New Delhi: The much-awaited Cryptocurrency Bill is unlikely to be presented in the ongoing winter session of Parliament as the Centre is yet to finalize details of the legislation, news agency Bloomberg reported citing people familiar with the development. Prime Minister Narendra … Read more

On Crypto Bill, More Changes Likely, Government Goes Slow: 10 Points

On Crypto Bill, More Changes Likely, Government Goes Slow: 10 Points

The size of crypto assets in India is about Rs 45,000 crore. The Cryptocurrency Bill will not be discussed by Prime Minister Narendra Modis cabinet today and may not be brought into Parliament in this session, sources have told NDTV, signalling that the government doesn’t want to rush on the law. Here’s Your 10-Point Cheatsheet … Read more

India: ‘Crypto bill can take India to the forefront of blockchain tech’

India: 'Crypto bill can take India to the forefront of blockchain tech'

Leaders of global crypto exchanges have said that while India’s messaging on cryptocurrencies has so far been mixed, the proposed bill likely to be introduced in the winter session of parliament gives New Delhi a chance to bring in a progressive regulatory framework that could propel the country to the forefront of blockchain technology. Stakeholders, … Read more

Ex-Fin Secy who Drafted Bill

Ex-Fin Secy who Drafted Bill

With the winter session of the Parliament officially kick-starting, I sat down with Subhash Garg, the former finance secretary who drafted the Crypto Bill to understand what has changed from 2019 to now. The description of the listed bill – The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 said that all private cryptocurrencies … Read more

Cryptocurrency Bill 2021 Live Updates: Crypto & Official Digital Currency Bill To be Introduced in Parliament Winter Session

Financial Express - Business News, Stock Market News

Modi Govt to introduce Cryptocurrency Bill 2021 in Parliament during Winter Session. Cryptocurrency Bill 2021 in Parliament Live Updates: The Central Government is set to introduce the much-awaited The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in Parliament during the ongoing Winter Session, starting today. The Crypto industry is awaiting a positive regulation … Read more

crypto bill: The get-rich-quick crypto wave can lead to more meaningful crypto products

crypto bill: The get-rich-quick crypto wave can lead to more meaningful crypto products

The crypto mania generated a kind of lure of easy money few other things could match. Overnight rises of 64,000% per cent are almost inconceivable and defy any logic of investment and growth. This, coupled with the ever-extending advisements from crypto exchanges started luring everyone to this crypto maze. Then came NFT cryptos. Everyone thought … Read more

Crypto Prices Crash After Government Announces Ban On Private Crypto Coins In Winter Session’s Bill

The Bill That Caused Massive Crypto Crash: Explained

The upcoming crypto bill aims toregulate the digital currency in IndiaHours after the government announced that it will introduce the cryptocurrency bill in the Parliament’s winter session, which seeks to prohibit all private cryptocurrencies in the country, all crypto prices crashed by 15 per cent and more. As of 11:45 PM on November 23, all major cryptocurrencies saw a fall … Read more

Crypto Prices Crash After Centre Plans Bill To Bar Private Cryptocurrencies

NDTV News

All crypto prices crashed by 15 per cent and more, hours after the government announced that it will introduce the cryptocurrency bill in the Parliament’s winter session, which seeks to prohibit all private cryptocurrencies in the country, with a few exceptions.Also, the government will introduce the Banking Laws (Amendment) Bill 2021 – which aims to privatise two public … Read more

Crypto Regulation Tucked Into Infrastructure Bill Raises Surveillance Concerns; Receivers Would Have To Collect Tax IDs on Transactions Over $10,000

Gavel over U.S. flag and Bitcoin showing crypto regulation in infrastructure bill

A little-known law from 1984, originally intended to discourage large cash transfers, has been repurposed as a crypto regulation and tucked into the massive US infrastructure bill. The new rule would require receivers of a crypto payment that totals at least $10,000 to collect and report the Social Security number or tax ID of the … Read more

Biden signs infrastructure bill, handing crypto broker definitions to the US Treasury

Biden signs infrastructure bill, handing crypto broker definitions to the US Treasury

President Joe Biden signed the Infrastructure Investment and Jobs Act into law on Monday, with controversial crypto tax definitions now in the Treasury Department’s hands. Biden appeared alongside Congressional leadership on the White House lawn in an event advertised as a bipartisan show of support for the new legislation and “the historic benefits the Bipartisan … Read more

Cryptocurrency exchanges, experts raise concerns over government’s Budget Crypto Bill plan

Cryptocurrency exchanges, experts raise concerns over government's Budget Crypto Bill plan

Crypto exchanges are lobbying for definition of different types of crypto assets while the government looks to table the cryptocurrency bill in the parliament this budget session, said people with direct knowledge of the matter. The government’s current plan includes creating a broad framework around crypto assets that would give them a legal credence in … Read more

ether hit an all-time high, NFT.NYC, infrastructure bill

ether hit an all-time high, NFT.NYC, infrastructure bill

The cryptocurrency market is now worth over $3 trillion, according to CoinGecko. This comes as the top digital coins, including ether and bitcoin, rally on Monday.Ether, the second-largest cryptocurrency by market value under bitcoin, hit a new all-time high above $4,700 on Monday. It is currently trading at around $4,785, according to Coin Metrics data.Along … Read more

House Sends Infrastructure Bill With Crypto Tax Provision to US President

House Sends Infrastructure Bill With Crypto Tax Provision to US President

Another provision included in the bill to amend Tax code section 6050I has also stoked fear in the crypto industry. The law, written nearly 40 years ago to apply to in-person cash transactions over $10,000, essentially requires recipients to verify the sender’s personal information and record their Social Security number, the nature of the transaction … Read more

Wild without GM Bill Guerin, multiple coaches due to COVID-19 protocol

Wild without GM Bill Guerin, multiple coaches due to COVID-19 protocol

The Minnesota Wild will be without two assistant coaches and a video room staffer due to COVID-19 protocol as they begin a three-game road trip Tuesday starting in Vancouver, general manager Bill Guerin said.Guerin said he also was in COVID-19 protocol recently and is not with the team in Vancouver because he tested positive for … Read more

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