Crypto Industry Shows Some Love To New ‘Industry-Friendly’ Bill Regulating Di...
As of this writing, the market capitalization of cryptocurrencies totals $1,7 trillion, comprised of around 18,140 cryptocurrencies and 460 exchanges. Approximately $90 billion worth of cryptocurrencies, namely Bitcoin and Ethereum, are traded every day. Given the magnitude of the market and the coming legislative thrust, it is important to assess the present status of the […]
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Representatives of the blockchain industry spoke today at a North Carolina Senate Finance Committee meeting to advocate for a bill that they believe is among the more favorable seen so far at the state legislative level. At the center of discussion today was the state’s Money Transmitters Act, and changes to the legislative framework that would update the rules in accordance with guidance issued by the North Carolina Office of the Commissioner of Banks (NCCOB) last December. Sponsored by Senator Rick Gunn, Senate Bill 680 would update the definition of money transmission to include any....
The U.S. continues to be a global leader in regulating and embracing the cryptocurrency industry, but the Stablecoin TRUST Act may set up some barriers for newcomers. The United States continues to be a global leader in embracing the cryptocurrency industry thanks to the work of Sen. Patrick Toomey, with the White House being at the forefront of crypto regulation. Last year, President Joe Biden signed a $1.2 trillion bipartisan infrastructure bill — and it included some new legislation that would impact the crypto sector. And more recently, the U.S. president announced a....
Following the appointment of the new prime minister in the UK, who is a pro-crypto-enthusiast, the lower parliament house of the state assembly votes in favour of regulating virtual assets as per the Financial Services and Markets Bill. Lawmakers favoured the amendments to the bill that the parliamentarian Andrew Griffith presented on October 25. The […]
The leader of the Nigerian blockchain association, Senator Ihenyen, has implored the country’s lawmakers — currently pushing for the securities law to be revamped — to consider crafting laws that regulate the crypto industry.
Proposed Law Does Not Expressly Mention Cryptocurrencies
As Nigerian lawmakers debate a bill that proposes a ten-year jail term for operators of Ponzi schemes, a leader of a Nigerian blockchain lobby group, Senator Ihenyen, has urged the country’s lawmakers to consider crafting a law to govern the cryptocurrency industry. He....
Crypto mining falls under the “gray zone” in Russia, which means even though it's not banned, it doesn’t fall under the purview of law which could pose risks for those involved. Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate.The energy consumption share of the crypto mining industry has exceeded the country’s agricultural sector, showing signs of recovery after Russia fell out of the top three in the global Bitcoin (BTC) mining hash rate share.Russia's deputy minister of trade and industry Vasily Shpak....