Auto Added by WPeMatico

Russian Parliament Postpones Adoption of Crypto Mining Bill

Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to…

Continue ReadingRussian Parliament Postpones Adoption of Crypto Mining Bill

Bank of England’s Cunliffe Pushes for Crypto Regulation — Sees ‘Real’ Benefits for UK

Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We…

Continue ReadingBank of England’s Cunliffe Pushes for Crypto Regulation — Sees ‘Real’ Benefits for UK

SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its…

Continue ReadingSEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler

Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal

According to court documents, Caroline Ellison said she and SBF signed off on “materially misleading financial statements” for Alameda lenders — knowing it was illegal.

Continue ReadingFormer Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal

President of Brazil Sanctions Cryptocurrency Law

President Jair Bolsonaro has approved law 14.478, which regulates cryptocurrency-related operations and virtual asset service providers (VASPs) in Brazil. The document, approved on the last day of the period allowed,…

Continue ReadingPresident of Brazil Sanctions Cryptocurrency Law

Buenos Aires to Tax Cryptocurrency Mining in 2023

The province of Buenos Aires in Argentina will begin taxing cryptocurrency mining and possibly staking, in 2023. A new proposal modifies the tax law to introduce cryptocurrency mining as a…

Continue ReadingBuenos Aires to Tax Cryptocurrency Mining in 2023

US Senator Introduces Bill to Regulate Payment Stablecoins

A U.S. senator has introduced a bill to “establish the first federal regulatory framework for payment stablecoins.” The lawmaker explained: “This bill will also ensure the Federal Reserve, which has…

Continue ReadingUS Senator Introduces Bill to Regulate Payment Stablecoins