A draft law designed to amend California’s legislation to create legal grounds for the implementation of crypto‐related technologies has been passed by the state’s legislature. Assembly Bill 2658 contains important definitions of some key blockchain and crypto terms..
The numbers of both jobs and job seekers in the Asian crypto space are growing, according to leading recruiters in the region. Also in The Daily, Colombia may soon become a crypto‐friendly nation, California and Russia want to use blockchain tech for insurances and pensions, and Malaysians remain bullish on cryptocurrencies, despite market trends this year..
A new draft introducing amendments regarding the taxation of crypto incomes has been published in Poland. The bill differentiates between decentralized cryptocurrencies and centralized virtual money and clarifies the tax regime applicable to crypto trading and mining.
A draft law prepared by deputies and representatives of the industry aims to introduce light taxation of crypto incomes in Ukraine.
In recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations, a U.S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN, and a candidate of the Wisconsin Libertarian Party is accepting donations in the form of bitcoin despite a state Ethics Commission finding that cryptocurrency donations may not be legal..
The Russian Association of Cryptocurrencies and Blockchain has created a registry of whitelisted companies that offer crypto‐related products or services. Meanwhile, the bill to regulate cryptocurrencies in Russia has been delayed..
Romania has drafted an emergency ordinance to regulate cryptocurrency issuing.
The U.S. House of Representatives has unanimously passed a bill to help prevent the illicit use of cryptocurrencies, including bitcoin, dash, zcash, and monero. This bill follows a testimony by the Secret Service asking Congress for help stopping these activities..
Lawmakers in the House of Representatives have passed a bill that would approve a study of the use of cryptocurrencies in the sex and drug trades.
The bill, “On Digital Financial Assets,” proved to be a hit with lawmakers, who approved the measures almost unanimously.