The Supreme Court of Panama is in the eye of the hurricane, as it is tasked with deciding the future of the local crypto industry. The President of Panama, Laurentino Cortizo, sent Bill No. 697, known as the "crypto bill", to the Supreme Court for review and approval. However, the government…
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Nigeria studies recognizing cryptocurrencies as investment capital
Nigeria has its digital currency (CBDC), called eNaira. Now, the West African country is studying a bill through which cryptocurrencies could be declared as capital for investment.
The announcement was made this Sunday, by the local…
Cryptocurrency regulation law in Paraguay was vetoed
Mario Abdo Benítez, president of Paraguay, this week restricted a bill that was intended to recognize cryptocurrency mining as an activity of the industrial sector.
One of the president's arguments is based on the fact that the high…
Italian government presents bill for social assistance
The Italian Government has presented a bill in Parliament that includes 14.3 billion euros in aid for workers, companies and families with the aim of softening the economic crisis unleashed by rising prices.
"I confirm the Government's…
Russian law exempts cryptocurrency issuers from taxes
Russia's parliament has passed a new bill that exempts issuers of cryptocurrencies and digital assets from canceling value-added tax (VAT) on "certain basic taxes."
The new bill also establishes a “tax rate of 13 % for Russian companies…
New York mayor challenges state mining ban
Eric Adams, mayor of the city of New York, indicated his disagreement with the bill, sanctioned by the state Congress, that prohibits crypto mining based on Proof of Work (PoW) considering that the “measure is not the way to follow to…
Bill for cryptocurrencies in the US was leaked
The cryptocurrency bill proposed by Senator Cynthia Lummis was recently leaked via social media.
This proposal addresses the regulation of digital assets in a comprehensive manner, as well as establishing the steps to be followed to…
They propose to suspend cryptocurrency mining in New York
New York lawmakers are preparing to amend the state's Environmental Conservation Law and are proposing to suspend cryptocurrency mining operations that use the proof-of-work (PoW) authentication protocol to validate business activities of…
Russia submits bill for cryptocurrency payments
The Russian Ministry of Finance presented a bill called "On Digital News", which aims to regulate the use of cryptocurrencies as an alternative means of payment to the monetary unit of the Russian Federation.
The document addresses issues…
US lawmakers propose ECASH bill
Lawmakers Stephen Lynch, Jesus Chuy Garcia, Ayanna Pressley and Rashida Tlaib introduced a bill called the Electronic Currency and Secure Hardware Act (ECASH Act) that seeks to instruct the Secretary of the Treasury to "develop and issue…
European Parliament rejects the ban on PoW mining
The European Parliament's Committee on Economic and Monetary Affairs has rejected the version of the draft Digital Assets Market Act (MiCA) that prevented cryptocurrencies based on Proof-of-Work (PoW) mechanisms.
The version of the law…
Russia introduced draft law on digital currencies
The Russian Ministry of Finance has sent a draft law for the regulation of digital currencies to the national government that aims to establish the legal bases for the cryptocurrency market and the rules for its circulation in the country.…