Report: Macau Discusses Bill That Proposes to Make Digital Currencies Legal T...
Macau, one of China’s special administrative regions, recently concluded discussing a bill that seeks to make digital currencies legal tender, a report has said. The report also suggested that individuals who reject or refuse to accept legal tender will be fined between $123 and $1,230. Improving Macau’s Legal System An executive council of Macau, an autonomous region on China’s south coast, recently completed discussing the draft bill proposing to include digital forms of currency in its basket of financial instruments that are accepted as legal tender. As....
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Macau is inching closer to the eventual adoption of a digital currency as it strives to develop a more comprehensive set of measures to prevent the flow of dirty money and tax evasion in the largest gambling hotspot in the planet. Macau’s executive committee has recently deliberated on a draft measure whose objective is to incorporate digital currency […]
Indira Kempis, senator of the Mexican Congress, has proposed a bill that would make bitcoin legal tender in the country. The bill bases its action on the hardships that Mexican citizens are facing went trying to access financial products and education. However, the Central Bank of Mexico has been against the introduction of bitcoin into the financial system of the country.
Bill Proposes to Make Bitcoin Legal Tender in Mexico
Mexico is another of the countries in Latam that is taking a look at what bitcoin might bring when introduced to its economy. This week, Senator Indira....
Congressman Steve Stockman. US Representative, Steve Stockman (R-TX) has submitted a new bill that proposes a five-year moratorium on digital currency regulation. The HR 5777 bill, (download the text here) or in full the Cryptocurrency Protocol Protection and Moratorium Act, seeks to hold off any "statutory restrictions or regulations" on digital currencies such as bitcoin for "the five-year period after June 15th, 2015." The bill was tabled on December 1st and was thereafter referred to two House committees, the Ways and Means; and the Financial Services committees. HR 5777 calls for....
Updates: This page indicates the last action was on Feb. 6, so there seems to be some confusion with regard to the passage of this. Editing title to reflect this. You can check the Examiner story that was sourced here. Working to get more info. Updates: See this link. Not terribly long ago, we wrote about a bill that aimed to make alternative currencies in the State of California legal through the amendment of Section 107 of the Corporations Code. Bill primer: This bill makes clarifying changes to current law to ensure that various forms of alternative currency such as digital currency,....
As the public standoff between the two agencies approaches fever pitch, the Ministry of Finance makes a formal move. Russia’s Ministry of Finance has upped the stakes in its drawn-out showdown against the country’s Central Bank by formally introducing a bill that proposes to regulate digital assets rather than banning them.On Feb. 21, the Ministry introduced a draft of the federal law “On digital currency” to the government. This stage of the legislative process precedes the bill’s introduction to the parliament for consideration.The agency cited the “formation of a legal marketplace for....