New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and reduce what its sponsors label as uncontrolled consumption of electricity ...
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US senator bill seeks to cushion crypto exchanges from SEC enforcement actions
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United States Senator Bill Hagerty, a member of the Senate Banking Committee, introduced legislation seeking a safe harbor for cryptocurrency exchanges from “certain” Securities and Exchange Commission (SEC) enforcement actions. The Digital Trading Clarity Act of 2022, introduced by Sen. ...
US Lawmakers Introduce Bill Allowing Crypto Investments in 401(k) Retirement Plans – Regulation Bitcoin News
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Several U.S. lawmakers have introduced the Retirement Savings Modernization Act to provide 401(k) retirement savers access to a wide range of investments, including crypto assets. “With inflation at record highs, a stock market downturn, and a potential recession on the ...
Paraguayan Senate Rejects Presidential Veto to Cryptocurrency Bill – Bitcoin News
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The Paraguayan Senate has decided to reject the total veto that President Mario Abdo exerted over a proposed cryptocurrency bill on September 2. The Senate defended the initiative, stating that passing the bill would benefit the country due to its ...
California Governor Newsom Vetoes Bill to Regulate Crypto — Calls for ‘More Flexible Approach’ – Regulation Bitcoin News
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California Governor Gavin Newsom has vetoed a bill to regulate crypto in his state. He stressed that “a more flexible approach is needed” to “keep up with rapidly evolving technology and use cases” in the crypto sector. Bill to Regulate ...
Moscow Exchange drafting bill on digital financial assets and securities trading: Report
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The Moscow Exchange (MOEX) is drafting a bill to allow trading in digital financial assets (DFAs) and securities based on them, according to a report in the Russian press. The stock exchange is writing the bill on the behalf of ...
Stablecoin bill has ‘outside chance’ of finalizing this year
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There is a small chance the U.S. House of Representatives could pass the bill to regulate stablecoins by year-end, though it’s more likely it will pass in the first quarter of 2023, says U.S. Congressman Warren Davidson. According to a ...
UK gov’t introduces bill aimed at empowering authorities’ to ‘seize, freeze and recover’ crypto
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The government of the United Kingdom has introduced a bill aimed at cracking down on money laundering and fraud, specifically by expanding the authorities’ ability to target cryptocurrencies used for illicit purposes. In a Thursday announcement, the U.K. government said ...
Draft US stablecoin bill would ban new algo stablecoins for 2 years
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Draft legislation in the United States House of Representatives would place a two-year ban on new algorithmic stablecoins such as TerraClassicUSD (USTC) which de-pegged from the US dollar earlier this year causing widespread crypto market contagion. The bill would criminalize ...
Russian official says bill will give businesses leeway in use of crypto internationally
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A Russian Finance Ministry official has provided new details about a bill on digital currencies that is currently being drafted. The bill provides local infrastructure for settlements and regulation on mining, but will leave many details for businesses to work ...