The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in the entities it regulates, such […]
The Russian Federation has a new prime minister, Mikhail Mishustin, with a track record of statements regarding cryptocurrencies and an affection for digitalization. A stated goal of his government will be to turn the country into a digital platform “for the people.” Time will tell, however, whether his plan encompasses the legal use of decentralized […]
The post Russia’s New Prime Minister Has an Opinion of Cryptocurrencies appeared first on Bitcoin News.
A new political force is being born in Russia out of the country’s tech business circles. The idea has been conceived by representatives of the country’s growing digital economy sector who want to embark on finding solutions to numerous issues that concern the crypto space. Also read: Eastern Europe Sees More Fiat Options for Trading […]
The post Direct Democracy Party to Solve Issues With Crypto Rights in Russia appeared first on Bitcoin News.
Indian Parliament member Dr. Subramanian Swamy has shared his view on cryptocurrency. Advocating for India to make the transition to crypto, he reportedly said, “cryptocurrency is inevitable.” The lawmaker will chair a conference at the UN India’s headquarters next week where issues surrounding cryptocurrency in the country will be discussed. Also read: Regulatory Roundup – […]
The post Indian Lawmaker Says ‘Cryptocurrency Is Inevitable’ appeared first on Bitcoin News.
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country. Also read: Crypto Startups to Get up to […]
The post New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments appeared first on Bitcoin News.
The new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed or are under preparation to accommodate the nascent industry, from which the Ukrainian […]
The post Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky appeared first on Bitcoin News.
One of Europe’s smallest but richest nations, Liechtenstein, has made a significant step towards clarifying the regulatory environment in its already crypto-friendly jurisdiction. The parliament of the German-speaking principality in the heart of Europe has just passed a law that is likely to entice even more crypto companies to its territory. Also read: Turkish Government […]
The post Liechtenstein Adopts Token Act to Attract Crypto Business appeared first on Bitcoin News.
A member of the upper house of the Indian parliament has given the crypto community some advice on what can be done to influence the government’s crypto decisions. He encourages anyone to reach out to him and discuss their concerns, including issues related to the draft bill to ban cryptocurrencies in India. His words and […]
The post Indian Lawmaker Raises Hope of Positive Crypto Regulation appeared first on Bitcoin News.
The Indian parliament has repeatedly asked the finance minister about the government’s plans for cryptocurrency. In July alone, the Ministry of Finance answered three sets of questions: two in Rajya Sabha, the upper house, and one in Lok Sabha, the lower house of the parliament. Also read: Indian Finance Minister Addresses Crypto Proposal – Industry […]
The post Indian Government Updates Parliament on Crypto Plans appeared first on Bitcoin News.
Lim Guan Eng, the finance minister of Malaysia, has warned individuals and companies planning to issue new cryptocurrencies with a stern: â€œdonâ€™t do itâ€�. Addressing parliament on Nov. 26, Guan Eng advised to wait for legal guidance from Bank Negara Malaysia, the southeast Asian countryâ€™s central bank. Also read:Â Law Firm: South Africa’s Draft Law Could […]
The post Malaysian MP â€�Concerned About Threatâ€� from Cryptocurrencies to Government Money appeared first on Bitcoin News.