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“# Wyoming lawmakers introduce legislation for state-issued stablecoin ” Four members of the Wyoming Legislature have sponsored a bill that would allow the state treasurer to issue a stablecoin. On Thursday, Wyoming state Senators Chris Rothfuss and Tara Nethercott with House Representatives Jared Olsen and Mike Yin introduced Senate File SF0106, titled the “Wyoming Stable…
“# Bitcoin at the barricades: Ottawa, Ukraine and beyond ” Protesting anti-vax truckers blockading downtown Ottawa, Canada had their fund-raising platform shut down because their host fears the “promotion of violence.” The protesters move to a Bitcoin crowdsourcing funding service. It quickly raised $900,000. Russian troops gather on Ukraine’s borders. Ukrainian NGOs and volunteer groups…
“# Crypto community condemns Canada for freezing dissidents’ Bitcoin wallets ” Global cryptocurrency enthusiasts have expressed concerns over Canadian authorities freezing bank accounts and crypto wallets involved in funding local COVID-19 protests. On Thursday, Ontario Superior Court Justice Calum MacLeod issued an order freezing all the digital assets and bank accounts associated with “Freedom Convoy,”…
“# Crypto bill incoming: Russia’s finance ministry kicks off public comment period ” The Ministry of Finance of the Russian Federation has officially initiated work on the country’s cryptocurrency regulation bill, filing the first public notice on the federal legal portal. Russia’s finance ministry on Thursday filed two development notices announcing the start of the…
“# Binance exec to lead crypto expert center by Russian bank association ” Amid Binance halting its services in countries like Israel over licensing matters, the world’s largest cryptocurrency exchange by trading volume continues strengthening relations with Russia. Binance announced Thursday its entry into the Association of Banks of Russia, aiming to facilitate dialogue with…
“# Biden expected to issue executive order on crypto and CBDCs next week: Report ” The White House will reportedly be issuing an executive order as early as next week directing government agencies to study different aspects of the digital asset space with the goal of creating a comprehensive regulatory framework. In a Thursday report…
“# SEC chair hints at no spot Bitcoin ETFs yet, but cites ‘careful consideration’ for future ” Gary Gensler, chair of the U.S. Securities and Exchange Commission, has responded to a letter from lawmakers calling the regulator denying approval of Bitcoin spot exchange-traded funds “unacceptable.” In a Tuesday letter from Gensler addressed to Minnesota Representative…
“# FBI is launching team to address crypto exploitation: US Deputy Attorney General ” U.S. Deputy Attorney General Lisa Monaco has announced that the Federal Bureau of Investigation will be increasing efforts to address enforcement in the digital asset space with the formation of a new team. Speaking at the Munich Cyber Security Conference on…
“# Binance stopped ‘all activities focused on Israel’ following regulatory request: Report ” Major crypto exchange Binance has reportedly halted activities and marketing to Israelis following a request from one of the country’s financial regulators over licensing. According to a Thursday report from Israel-based news outlet Globes, the Capital Market, Insurance and Savings Authority requested…
“# India’s crypto tax provides little legal clarity for traders and exchanges ” Earlier in February, Indian Finance Minister Nirmala Sitharaman announced a tax proposal that would bring the relatively unregulated digital asset space under the purview of tax authorities. The proposal includes a 30% income tax on crypto returns and a 1% tax deducted…