Israel: Foreigners may be excluded from taxes on digital asset gains under new bill

    coingeek 2023-07-11 56787 views Policy
    ​Israel is seeking to exclude foreigners from paying taxes on digital asset gains in a new draft bill to make the Middle Eastern nation a global digital currency hub.The bill was tabled in the Knesset, the country’s legislative body, in March and recently passed the preliminary reading. It’s sponsored by legislators Dan Illouz and Ariel Kellner and enjoys the support of the ruling coalition parties led by Prime Minister Benjamin Netanyahu.

    Hong Kong speeds up blockchain adoption under new Web3 task force

    coingeek 2023-07-08 40279 views Policy
    ​Hong Kong’s administrators have announced the creation of a new task force designed to promote Web3 development and encourage the adoption of blockchain technology.

    European Commission publishes digital euro bill, gives green light to ECB

    coingeek 2023-07-05 47453 views Policy
    The European Commission has published a draft bill detailing its plans for a digital euro, from preserving cash usage to protecting user privacy and security.The EU’s executive arm, unveiled its legislative proposals which details the Commission’s plan to make the digital euro legal tender and make it available across the eurozone while still preserving cash payments.

    South Korea Takes Significant Step to Protect Crypto Investors

    coinwire 2023-07-04 70582 views Policy
    ​A groundbreaking bill that was reportedly intended to protect the rights of crypto investors and create a legal framework for digital assets has been officially passed by South Korea‘s National Assembly. According to the official website of the Assembly, the proposal, also known as the Virtual Asset User Protection Act, is anticipated to become law within a year.

    UK Crypto Regulations Gain Legal Status with Royal Assent

    coinwire 2023-07-01 49780 views Policy
    The UK Crypto industry has taken a significant step towards regulating the cryptocurrency and stablecoin industry as a bill granting regulatory oversight received royal assent from King Charles. The Financial Services and Markets Act 2023, now an official law, brings digital assets within the scope of regulation and empowers authorities to establish rules and supervision for the sector. This move solidifies the United Kingdom’s commitment to becoming a global leader in cryptocurrency regulation and sets it apart from other major economies.

    North Carolina House Passes Bill to Study Holding Bitcoin and Virtual Currency

    coinwire 2023-07-01 74022 views Policy
    The North Carolina House of Representatives has passed a bill that calls for a study on the feasibility and benefits of the state holding Bitcoin and other virtual currencies. The study, which would be conducted by the Department of State Treasurer, aims to examine the potential impact, security measures, and custodial options associated with holding digital currencies. This proactive approach showcases North Carolina’s interest in exploring the benefits and risks of virtual currency holdings.

    Egypt’s Departure Boosts BRICS Bloc, Unleashing Cryptocurrency Opportunities

    coinwire 2023-06-17 75454 views Policy
    Ali Moselhy, Egypt’s Minister of Supply, has emphasized that Egypt is now strengthening its ties with the BRICS economic bloc by embracing the use of the US dollar in its trade. This strategic decision mirrors similar measures taken by numerous countries and aligns with the bloc’s ongoing efforts to reduce reliance on the dollar in recent months.

    Nigeria’s 10% digital asset tax gets mixed reactions

    coingeek 2023-06-16 53887 views Policy
    ​Despite having Africa’s largest digital asset industry and being one of the world’s most active P2P hubs, Nigeria has lacked clear regulations for the sector. While it could have started with formulating laws for the industry, the West African country chose to impose a 10% tax first. The tax has elicited mixed reactions, with some saying it legitimizes the industry while others say the tax is too high.

    Reserve Bank of India targets 1M CBDC users before end of June 2023

    coingeek 2023-06-15 55347 views Policy
    Barely seven months after the launch of India’s central bank digital currency (CBDC) pilot, the nation’s banking regulator is keen on onboarding 1 million users by the end of June.

    SEC Accusations Rattle Crypto Market, Bitcoin Plunges

    coinwire 2023-06-08 55160 views Policy
    In a tumultuous start to the week, the world’s leading cryptocurrency exchange, Binance, faces serious allegations from the U.S. Securities and Exchange Commission regarding violations of securities laws. Consequently, the crypto market experienced a sharp decline in prices.

    Japan digital yen pilot is a go after successful second proof-of-concept

    coingeek 2023-06-01 43464 views Policy
    The Bank of Japan (BoJ) has announced the completion of its proof-of-concept (PoC) for its central bank digital currency (CBDC) after nearly a year of research.

    French lawmakers to lighten rules in proposed digital currency influencer bill

    coingeek 2023-05-30 54334 views Policy
    ​French lawmakers have agreed to expand influencer marketing of digital currency products to a broader range of service providers following widespread criticism of the first draft bill.

    White House Warns of a 45% Crash in U.S. Stock Market if the Country Defaults on Its Debt

    coinwire 2023-05-23 53380 views Policy
    The White House has recently issued a stark warning concerning the potential consequences of the United States defaulting on its debt. Failure to raise the debt ceiling could result in a massive crash in the U.S. stock market, with a staggering 45% drop in value. With time running out for Congress to reach an agreement, this dire prediction highlights the urgency of the situation. This article will explore the various factors contributing to this potential catastrophe, as well as the potential impact it may have on the U.S. and global economy.

    Singapore and New York regulators collaborate on CBDC interoperability in new study

    coingeek 2023-05-22 74521 views Policy
    The New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) have completed a joint study on cross-border functionality for central bank digital currencies (CBDCs).

    Banks, lawmakers add to Circle, Coinbase, a16z critiques of custody rules

    theblock 2023-05-18 36167 views Policy
    Traditional financial players join lawmakers to decry a proposed tweak to rules around the custody of financial assets that would extend those standards to the crypto industry.

    Crypto implosion has states scrambling: Here are six crypto bills to watch

    theblock 2023-05-11 38254 views Policy
    In the wake of last year’s crypto chaos, state lawmakers are eyeing new legislation for digital assets. The New York Attorney General proposed tighter rules for the industry, while Florida is moving against central bank digital currencies.

    Ukraine to adopt MiCA for digital asset regulations

    coingeek 2023-04-30 76544 views Policy
    Just days after the European Parliament passed the Markets in Crypto Assets (MiCA) regulatory framework, Ukraine announced it would adopt the framework in its digital asset industry.

    Bank of England and BIS wrap up DLT-based settlements pilot with stellar results

    coingeek 2023-04-24 77739 views Policy
    The Bank of England (BoE) and the Bank for International Settlements (BIS) have concluded their pilot into a distributed ledger technology-based system for interbank settlements.

    Russia Announces an Increase in Rouble and Yuan Payments for Energy Exports

    coinwire 2023-04-22 55463 views Policy
    Alexander Novak, the deputy prime minister of Russia, recently asserted that given Moscow’s efforts to abandon US dollars and euros, Russia is bound to continue taking additional payments for energy exports in the rouble and the yuan.

    Montana Passes The ‘Right to Mine’ Bill With Few Amendments

    coinwire 2023-04-14 80194 views Policy
    The ‘right to mine’ cryptocurrency measure for Montana cleared the Senate in February and is now on Governor Greg Gianforte’s desk. The aforementioned bill aims to protect the rights of cryptocurrency miners in Montana, a state in the United States.

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