Tagged: legislation

January 2, 2020 @ 9:15 pm By Samantha Hurst  |  

South Korea officials are reportedly causing some confusion with the latest drafted legislation that will tax individual crypto profits. According to Cointelegraph, South Korea’s officials stated that under current law, the government cannot impose income taxes on individual profits that are from cryptocurrency transactions. South… Read More

December 23, 2019 @ 5:22 pm By Cali Haan  |  

Republican Congressman Paul Gosar has introduced a “discussion draft” of a bill designed to, “clarify which Federal agencies regulate digital assets, to require those agencies to notify the public of any Federal licenses, certification, or registrations required to trade such assets, and for other purposes.” “The… Read More

October 22, 2019 @ 10:47 am By JD Alois  |  

Draft legislation has been posted on the US House of Representatives, Financial Services Committee website that may designate “stablecoins” as securities. Sponsored by Representative Sylvia Garcia, the ‘‘Stablecoins are Securities Act of 2019″ would mandate that stablecoins are investment contracts and thus are regulated under… Read More

September 25, 2019 @ 9:35 pm By JD Alois  |  

The U.S. House of Representatives has passed H.R. 1595, the SAFE Banking Act, a Cannabis friendly act of legislation that may enable marijuana-based businesses to access the federal banking system. The bipartisan legislation was sponsored by Congressmen Ed Perlmutter (D-CO), Denny Heck (D-WA), Steve Stivers… Read More

September 10, 2019 @ 7:29 pm By JD Alois  |  

Tomorrow (September 11), the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, will hold a must-see hearing on “Examining Private Market Exemptions as a Barrier to IPOs and Retail Investment.”  The Subcommittee is Chaired by Representative Carolyn Maloney. The Hearing incorporates multiple pending… Read More

September 3, 2019 @ 7:50 am By Cali Haan  |  

A draft bill designed to bring Bulgaria in line with anti-money laundering regimes in Europe and smooth the country’s bid to join the European Exchange Rate Mechanism (ERM II) and Banking Union has passed first reading in the Bulgarian parliament, Kinstellar reports. According to the… Read More

August 28, 2019 @ 7:46 am By Cali Haan  |  

Andrew M Cuomo, Governor of the State of New York, has signed legislation restoring the statute of limitations pertaining to the state’s powerful Martin Act securities laws to six years from three. The previous six-year statute, which lawyers Wes Scott and Ryan Franklin say applied… Read More

July 22, 2019 @ 4:14 pm By Samantha Hurst  |  

Following the news that Indian “blockchain lawyer” Varun Sethi leaked a copy of draft legislation proposing a ban on cryptocurrencies in India, India Minister of State for Finance Anurag Thakur reportedly stated there is yet to be an official ban on cryptocurrency in India. According… Read More

July 15, 2019 @ 4:15 pm By JD Alois  |  

During the past few days a draft House Resolution has been circulating with the title, ‘‘Keep Big Tech Out Of Finance Act.’’ As it is a draft bill, the legislation may never get beyond being run up the flagpole to capture feedback from a wider… Read More

June 8, 2019 @ 8:45 am By Cali Haan  |  

Details emerging about a proposed bill to ban cryptocurrencies indicate that things have gone from bad to worse for the cryptocurrency sector in India. According to Bloomberg Quint, if passed, new proposed legislation to cover the crypto sector will impose 10-year sentences on individuals possessing,… Read More

April 27, 2019 @ 9:21 am By Cali Haan  |  

Despite several reports that the government of India will not be addressing cryptocurrency legislation and relevant court cases until after the national elections wrap up in July, there is now news that a draft bill to ban cryptocurrencies is being circulated among Indian legislators, The… Read More

April 18, 2019 @ 10:51 am By JD Alois  |  

The government of Switzerland wants create the very best environment for Fintech, and more importantly distributed ledger technology (DLT) to thrive. The Swiss Federal Council kicked off a consultation last month on the adoption of DLT/Blockchain seeking to “increase legal certainty, remove hurdles for DLT-based… Read More

April 9, 2019 @ 3:51 pm By JD Alois  |  

The House of Representatives has introduced the Token Taxonomy Act of 2019 (H.R. 2144) legislation – a bill that is designed to enable a digital asset that is a utility token unregulated by the Securities and Exchange Commission (SEC). The bill states: “… to exclude… Read More

March 14, 2019 @ 9:08 am By JD Alois  |  

Governor Jared Polis of Colorado signed the Colorado Digital Token Act into law last week. The legislation is designed to provide limited exemptions from the securities registration and securities broker-dealer and salesperson licensing requirements for persons dealing in digital tokens and cryptocurrencies. According to the… Read More

March 12, 2019 @ 4:17 pm By Cali Haan  |  

One of crypto’s main use cases -anonymity- has taken a hit in the state of Texas this week. An untitled bill (4371), which will require all cryptocurrency transactions to be conducted using unnamed “varied identity digital currencies,” has been introduced into the Texas state legislature…. Read More

March 9, 2019 @ 2:03 pm By JD Alois  |  

The initial coin offering (ICO) / Security Token Offering (STO) continues to endure a period of regulatory uncertainty. As things stand right now, ICOs are securities. End of story. If you completed an ICO after the Securities and Exchange Commission (SEC) issued the DAO Report… Read More

March 8, 2019 @ 1:00 am By Cali Haan  |  

The French National Assembly’s Finance Committee has issued a report on cryptocurrency and blockchain sectors in the country. The report’s introduction is written by Committee president Eric Woerth, who urges the country to continue refining regulations governing the sector. He also argues against promoting cryptomining… Read More

January 16, 2019 @ 11:23 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) is out with their policy goals for the incoming Congress. SBE Council is an entity that advocates on behalf of the sector of the economy (small business) that drives most job creation and economic growth. Thus, it… Read More

December 7, 2018 @ 10:08 am By Cali Haan  |  

Congressmen Darren Soto, a Democrat from Florida, and Ted Budd, a Republican from North Carolina, yesterday introduced two pieces of legislation into the American House of Representatives that they hope will support healthy cryptocurrency markets and innovation in the US. The bills target cryptocurrency price… Read More

December 6, 2018 @ 6:33 pm By JD Alois  |  

Several weeks back, CI covered the draft legislation for pan-European crowdfunding rules from the European Parliament. At that time, initial coin offerings (ICO) were part of the possible legislation. Crowdfunding is part of the European Union Fintech Action plan that directly aligns with the Capital… Read More