Tag: congress

US: Bill Exempting Non-Custodial Crypto Services From Certain Laws Reintroduced to Congress

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A bill exempting companies providing non-custodial crypto services from certain state money transmitting laws has been resubmitted to the Congress. A bill exempting companies providing non-custodial crypto services from certain state money transmitting laws has been resubmitted to the United States Congress. Data confirming this was published on the Congress’ official website on Jan. 14. […]

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From Blanket Ban to Its Own Stablecoin: How Facebook’s Relationship With Crypto Changed Over 2018

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Facebook is now making a stablecoin for WhatsApp, reports suggest. On Dec. 20, Bloomberg reported that Facebook is making a stablecoin for WhatsApp users. The cryptocurrency will reportedly be used for money transfers made within the messaging app and will focus on the Indian market. The move provides a curious juxtaposition for the social media […]

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Crypto Assets to Be Regulated Differently in the US, Potential Impact on Industry

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The United States government could regulate crypto assets and tokens differently than stocks and traditional assets. The United States government could regulate crypto assets and tokens differently than stocks and traditional assets by altering the existing regulatory framework on securities. On Dec. 22, CNBC reported that two congressmen — Warren Davidson and Darren Solo — […]

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US Lawmakers Introduce Bill to Impose Sanctions on Iranian National Cryptocurrency

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U.S. lawmakers recently introduced a bill that would impose further sanctions on Iranian financial institutions and its national cryptocurrency. United States lawmakers have introduced a bill to levy further sanctions on Iranian financial institutions and the development and use of the national digital currency. HR 7321 was introduced in the House of Representatives by Rep. […]

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US Federal Government: Confusing Regulation For Crypto, Full Clearance For Blockchain

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With more influential voices in academia and politics speaking out against burdensome federal regulations, is change imminent? Individual US states seem to be in competition for the title of the most crypto-friendly in the Union – Ohio’s recent announcement of imminent crypto tax payments being the latest example. Meanwhile, federal authorities remain in disarray with regard […]

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Two US Bills Focus on Cryptocurrency Market Manipulation and Improving Regulations

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The proposals come in the wake of dissatisfaction within and beyond the industry with current regulatory practices. Two new bills focusing on cryptocurrency market manipulation aim to “position the United States to be a leader in the cryptocurrency industry,” their sponsors claimed Dec. 6. The bills, dubbed “The Virtual Currency Consumer Protection Act of 2018” […]

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‘Hope Coin’: The Story of Malaysia’s Crypto Political Fundraising Platform

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Crypto fundraising might be a great tool to fight corrupt regimes, but what happens when freedom fighters seize power? The ongoing controversy surrounding Malaysia’s proposed political cryptocurrency, Harapan Coin, is far from letting up. On Nov. 26, the country’s finance minister, Lim Guan Eng, weighed in on the issue by reiterating that any entity looking to issue […]

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Taiwan is Tightening Regulations on Crypto Exchanges, Possible Pressure From China?

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Taiwan has implemented new AML regulations on crypto exchanges. Was it influenced by China? On November 2, Taiwan officially tightened anti-money laundering (AML) policies targeted at crypto exchanges, requesting exchanges to monitor and prevent any illegal transaction processed using digital assets. According to the newly drafted Money Laundering Control Act and Terrorism Financing Prevention Act […]

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