Crypto Regulatory Bill Faces Pushback In Australian Senate: What’s Next?

A controversial bill to ban the use of cash for transactions over $10,000 has been voted out by the Australian Senate A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous Senate vote. One Nation Senator Malcolm Roberts brought the motion to remove the bill today after more than a year of trenchant opposition to it from a cross section of the community, including cryptocurrency proponents. Many saw it as infringing on Australians’ rights and freedom to use cash and to protect the privacy of their transactions. Early....

Australia has passed a controversial new law that will allow media companies to request that “pirate” sites be blocked, in an attempt to stop these websites from “stealing” intellectual property. This law will even affect sites that are registered in other countries, since the law enables the blocking of sites at the ISP level. This bill, titled the “Copyright Amendment (Online Infringement) Bill 2015,” was introduce to the Australian parliament in March 2015. After passing a committee investigation in early June, the law was cleared to be sent to the Australian Senate, where the bill was....

The Paraguayan Senate has approved a bill that seeks to regulate cryptocurrencies and their operations in the country. The bill, which had already been submitted to the deputy chamber, was approved with some changes suggested, establishing clear definitions and tax exemptions for companies in the cryptocurrency and crypto mining sectors. Paraguayan Cryptocurrency Bill Passes Senate Discussion Countries in Latam are seeking to standardize and regulate cryptocurrency to bring more clarity to investors dedicated to the industry in the area. On July 14, the Paraguayan senate....

It's a historic day for cryptocurrencies in Brazil, as the Senate has finally approved the country's first bill aimed at regulating the crypto market. The bill still needs to be approved in the Chamber of Deputies and then sanctioned by President Jair Bolsonaro. Brazil’s Senate has passed the country's first bill governing cryptocurrencies in a plenary session, which will set the stage for the creation of a regulatory framework for the country’s crypto industry. The bill must be approved by the Chamber of Deputies and then signed off by President Jair Bolsonaro to become law in the....

The Paraguayan Senate has decided to reject the total veto that President Mario Abdo exerted over a proposed cryptocurrency bill on September 2. The Senate defended the initiative, stating that passing the bill would benefit the country due to its effect on tracking the energy consumption of crypto miners and the income that mining taxes would bring to the state. Paraguayan Senate Affirms Cryptocurrency Bill Approval The Paraguayan Senate is ready to fight against the president when it comes to the passing of the recently approved cryptocurrency bill. President Mario Abdo exerted....