Russia Advances Bill To Regulate Crypto Market, Eyes July 1st Implementation
Russia has advanced a key crypto bill on its first reading, as part of its efforts to establish a framework and fully bring the digital assets market out of the shadows in the next few months. Related Reading: No Stablecoin Mention: Bank Of Korea’s New Governor Signals CBDC Push Russia Moves To Regulate Crypto Market […]
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Over 100 industry organizations have pressed the Senate to move forward with a markup of the crypto market structure bill to “future-proof” the industry and “cement” US leadership in financial innovation. Related Reading: Russia Advances Bill To Regulate Crypto Market, Eyes July 1st Implementation Crypto Groups Push Senate For Markup Date On Thursday, the Crypto […]
Russia’s parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies but income from their activities will also be subject to taxation. Cryptocurrencies to Be Considered Property in Russia Russia’s State Duma, the lower house of Parliament, adopted a bill that recognizes cryptocurrencies as property and subjects income from them to taxation in the first reading, RIA Novosti reported last week. Noting that the document was submitted to the parliament by the government on Dec. 1,....
Authorities in Russia are preparing a number of changes to existing laws in order to adopt rules for the country’s market for non-fungible tokens, or NFTs. A working group has discussed the matter and proposed solutions to legally define and regulate transactions with the digital collectibles. Economy Ministry Takes Initiative to Regulate NFTs in Russia The Ministry of Economic Development in Moscow is planning to put forward several amendments to the Civil Code and the law “On Digital Financial Assets,” to regulate the NFT market in the Russian Federation. The news....
The Ministry of Finance suggested letting banks sell bitcoin while the Chamber of Commerce thinks mining should become an established business.
A cryptocurrency bill introduced in July to the Senate of Paraguay has been approved. The text, which defines several important concepts including virtual assets, and establishes the need for licenses to mine cryptocurrencies, will now advance to the Deputy Chamber to be discussed.
Paraguay Could Approve Crypto Law by Next Year
A new cryptocurrency bill has taken its first step toward being approved as law in Paraguay. The project, which was introduced in July, was approved in the Paraguayan Senate after a heated discussion, according to reports from its promoter, Senator....