FDIC Urges Enhanced Digital Asset Policy to Conserve US Influence
In a speech on March 11, the US FDIC warned that if blockchain technology regulation is handled poorly, bank clients and the US economy may lose out on prospects.
Tag crypto regulation
Wyoming Passes Law Granting Legal Framework to DAOs
Key Takeaways Wyoming Governor Mark Gordon has signed a groundbreaking bill into law, laying the groundwork for the establishment and management of decentralized autonomous organizations (DAOs). This move marks a significant step forward in the state’s embrace of blockchain technology.…
US Senator Cynthia Lummis Proposes Legislation to Regulate Stablecoins
US Senator Cynthia Lummis is drafting legislation on stablecoins, a kind of cryptocurrency whose value is based on real-world assets to maintain price stability.
Arizona Senate Considers Bitcoin ETFs for State Retirement Systems
Key Takeaways The Arizona State Senate is currently mulling over a proposal that could potentially shake up the investment landscape for the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). This proposal suggests delving into…
Virginia Senate Passes Pro-Crypto Legislation
Key Takeaways The Virginia Senate passed a significant bill aimed at advancing the understanding and utilization of blockchain technology and cryptocurrencies within the state. Senate Bill No. 339, introduced on Feb. 5, proposed the creation of a dedicated workgroup tasked…
Taiwan’s Upcoming Digital Currency Laws Expected in September: Report
The FSC has revealed that in September 2024, a new draft of digital asset legislation for Taiwan will be proposed.
Hungary Drafts Law Permitting Banks to Provide Crypto Services
Hungary is pushing a bill allowing banks, investment firms, and asset managers to provide services in Bitcoin and other cryptocurrencies.
Indonesia Looks to Reconsider Dual Crypto Taxation Policy
Key Takeaways Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) is pushing for a reconsideration of the country’s cryptocurrency taxation policies. Currently, Indonesia levies a 0.11% value-added tax (VAT) on each crypto transaction and imposes a 0.1% income tax on capital…
Hong Kong’s Proposed Stablecoin Rules Face Critique from the Crypto Council
Key Takeaways The Crypto Council for Innovation (CCI) has raised significant concerns regarding proposed stablecoin regulations in Hong Kong, outlined in a consultation paper by the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB).…
US House Committee Votes to Scrap SEC’s Crypto Custody Bulletin
Key Takeaways The U.S. House Financial Services Committee took a significant step by voting in favor of a resolution aimed at scrapping the Securities and Exchange Commission’s Staff Accounting Bulletin 121 (SAB 121). This resolution, known as H.J. Res. 109,…
