'Secretly circulating' draft crypto bill could be a ‘boon’ to DeFi
A crypto bill that industry advocates previously said would “kill DeFi” has seen an updated draft released online with one commentator saying the U.S. is “finally getting their act together.” A new draft of the Digital Commodities Consumer Protection Act (DCCPA) bill has started to circulate online, with some commentary suggesting it could be positive for decentralized finance (DeFi) and crypto.A prior draft version of the bill drew heavy criticism from industry representative bodies for containing too broad a definition for a “digital commodity platform,” which “could be interpreted as a....
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The draft bill proposes to eliminate anonymous crypto projects, with DAOs, DeFi and exchanges required to legally register in the United States. A leaked copy of a United States draft bill concerning cryptocurrency started doing the rounds on Twitter earlier on Tuesday. The 600-page copy of the leaked bill highlights some of the key areas of concern for regulators including decentralized finance (DeFi), stablecoins, decentralized autonomous organizations (DAOs) and crypto exchanges.here you go (plz RT) pic.twitter.com/UOVhIUiUBu— slam (@bot_slam) June 7, 2022 User protection seems to be....
Ukraine's parliament has approved the first version of a draft cryptocurrency bill, bringing regulation of the industry a step closer.
The Ministry of Justice in Russia has, once again, not agreed to a draft bill put forth by the Finance Ministry seeking to ban bitcoin and introduce criminal liabilities to those who adopt, transact or mine the cryptocurrency. The Russian Ministry of Justice has disagreed with the bitcoin bill prepared by the Ministry of Justice, despite the bill being the second version of the draft, due to be entered into the State Duma – the lower chamber of the Russian Parliament. The first draft saw the Ministry of Justice disagreeing with some of the wording of the bill, specifically the lack of a....
The draft bill would define bitcoin and other cryptos as "currency" instead of an "asset" for tax purposes.
Bosnia and Herzegovina, a European country in the Balkans region could start regulating the crypto environment within its territory. The country is preparing to draft a bill that would help establish a regulatory framework for cryptocurrencies within its territories. Bill Is Part Of A Modernization Move Bosnia and Herzegovina’s Union for a Better Future (SBB), […]