Florida Senator Drafting Bill That Could Recognize Bitcoin as Money
A Florida state senator is drafting legislation that could see bitcoin recognized as money in the US state. Senator Dorothy Hukill says that while in the early stages, the draft legislation will seek to balance protections for consumers and startups. The effort carries additional weight given that a Florida judge tossed out charges in a criminal case earlier this year on the grounds that bitcoin doesn't fit the state's definition of money transmission. Hukill, a Republican who represents Florida's eighth district and serves as chair of the Finance & Tax Committee, suggested that the....
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The state of Florida has an interesting relationship with Bitcoin. The sunshine state has seen many legal cases on the subject — most notably the recent Michell Espinoza trial. Amid the proceedings, lawmakers in Florida are preparing to draft legislation that may finally recognize Bitcoin as a currency. Florida’s Senate Will See a Bitcoin Bill This Year.....
Turkey is reportedly drafting crypto legislation to be submitted to parliament in the coming weeks. The bill may also impose taxes on some crypto transactions.
New Turkish Crypto Legislation Underway
Turkey is drafting a bill to establish new rules for the crypto industry, Bloomberg reported last week, citing two unnamed Turkish officials familiar with the matter.
According to the officials, the governing AK Party of President Recep Tayyip Erdoğan plans to submit the cryptocurrency bill to parliament in the coming weeks.
Under the new regulatory....
Florida Representative Webster Barnaby has filed House Bill 183, a reopened attempt to let state officials put public money into digital assets, including Bitcoin and crypto exchange-traded products. Related Reading: Crypto Gets An Address: New York City Unveils US’ 1st Official Crypto Office According to the Florida Senate bill text, the proposal would let the […]
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
U.S. Senator Cynthia Lummis is reportedly preparing to introduce a comprehensive crypto bill next year. The Republican senator from Wyoming explained that the bill will cover everything from how cryptocurrencies are taxed....
The anti-money laundering bill concerning bitcoin Florida legislators just passed via an appropriations committee has been approved May 6 by both houses. The only remaining step in the process is for Florida’s governor to sign it into law, in which case it will go into full effect. The intent of the bill is to prevent money-launderers from using bitcoin....