News list for " legislation"
The first Digital Assets Subcommittee of the U.S. Senate Banking Committee held a hearing on February 27, focusing on stablecoin regulation and the legislative framework for digital assets, chaired by Wyoming Republican Senator Cynthia Lummis. "We are at a critical juncture in the final creation of a bipartisan legislative framework for stablecoins and market structures," Lummis said in her opening statement.
According to market news, the strategic bitcoin reserve legislation in Montana has passed committee consideration and is about to enter the House of Representatives voting stage. Previously reported, on February 9, Montana House Bill 429 would authorize the state treasurer to invest up to $50 million from the general fund in'digital assets with a market capitalization of more than $750 billion, 'or bitcoin, until July 15, 2025. These investments must be held by a qualified custodian or made thro...
According to Fox News, Tether is in direct talks with U.S. lawmakers on stablecoin legislation to influence how the U.S. regulates stablecoins.
El Salvador's Congress has quickly passed legislation amending its bitcoin laws to comply with international monetary fund (IMF) agreements. Elisa Rosales, a lawmaker from the ruling party, said the amendment aims to ensure the permanence of bitcoin as a legal tender while promoting its practical application.
Texas Lieutenant Governor Dan Patrick has announced his state's legislative priorities for 2025, which include a proposal to establish a Texas Bitcoin Reserve. Texas joins at least five U.S. states that are pushing for the establishment of Bitcoin (BTC) or cryptocurrency reserves, including Arizona and Utah, whose strategic reserve bills have passed in committee.
U.S. President Donald Trump decided to delay the entry into force of the TikTok-sell-ban law by 75 days, and said that if China does not approve the deal, it may impose tariffs on China.
Russia has previously announced that it has advanced legislation to set the issuance date of the digital ruble as July 1, 2025, but representatives of Sberbank have called for a delay in the issuance of the digital ruble because the relevant central bank digital currency (CBDC) platform is still under development. It is reported that Sberbank's deposit market share accounts for about 45% of the entire Russia. If the bank is not ready, it may affect the issuance of the digital ruble.
Russian companies have started using bitcoin and other digital currencies in Global Payments after legislative changes to allow them in response to Western sanctions, Russian Finance Minister Anton Siluanov said on Wednesday. This year, Russia allowed the use of cryptocurrencies in foreign trade and has taken steps to legalize the mining of cryptocurrencies, including bitcoin. Russia is one of the leading countries in the world for bitcoin mining. Siluanov said: "Such transactions...
Market news: Texas has announced draft legislation requiring the establishment of a strategic bitcoin reserve.
The Russian government's Committee on Legislative Activities advanced a bill on cryptocurrency taxation on November 11, 2024. The bill defines cryptocurrencies as property and sets different tax requirements for individual and corporate miners. According to the new regulations, companies need to register with the Federal Tax Service to legally carry out mining operations, while individuals with monthly electricity consumption below 6,000 kWh do not need to register. The new framework adopts a tw...
Irish Finance Minister Jack Chambers has told the Cabinet that emergency legislation will be drafted to update cryptocurrency regulations before the European Union law comes into force on December 30. No details were given about the new cryptocurrency legislation or when it will take effect. The European Union's Anti-Money Laundering and Combating the Financing of Terrorism Act, which will come into force in December, strengthens the powers of financial intelligence units to enable them to...
New Zealand's tax minister has proposed legislation to implement the OECD framework for the exchange of crypto-asset information. The proposed amendments are expected to come into force in April 2026. New Zealand crypto providers will be required to collect transaction information and submit it to the tax authority in 2027, or face a $300 fine for each violation, and a $1,000 fine for users who do not provide information.
The City of Chico, California is looking to get a combination of state legislation and local ordinances to better regulate Bitcoin ATMs or ATMs. During a local government committee discussion held on August 7, Butte County Chief Administrative Officer Andy Pickett spoke about the ongoing regulation of Bitcoin. Pickett reported on recent state-level legislation aimed at limiting cases of fraud associated with Bitcoin ATMs. In October 2023, an investigation by the California legislature found that...
On August 1st, the official website of the Guangzhou Municipal People's Congress released the "Regulations on the Innovation and Development of Intelligent Connected Vehicles in Guangzhou (Draft Revised Draft. Exposure draft) ", which supports the application of intelligent connected vehicles in transportation hubs such as highways, airports, ports, and urban buses, taxis and other travel service scenarios. The urban government will steadily promote the large-scale operation of intelligent conne...
A draft piece of legislation introduced by U.S. Senator Cynthia Lummis shows that the new strategic bitcoin reserve would be funded in part by revaluing the Federal Reserve's gold. The plan would buy up to 200,000 bitcoins a year for five years, totaling 1 million bitcoins. The bitcoins would be held for at least 20 years, primarily to pay off federal debt. The draft also proposes a decentralized network of secure bitcoin storage facilities across the United States. In addition, the plan include...
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