News
The Arizona House of Representatives approved two bills proposing different methods that the state could use to establish a cryptocurrency reserve.
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Government News
Led by people in various positions of power, governments create and enforce different laws and guidelines. Governments worldwide vary significantly in approach, procedures, laws, etc. With the advent of the internet and social media, government news is now readily accessible to the public online.
Government cryptocurrency overwatch has increased in the years since Bitcoin’s launch in 2009. The European Union has taken a ground-breaking step by enacting regulations requiring crypto service providers to spot and suppress illegal cryptocurrency activity. Similarly, the Canadian government has established itself as a proactive regulator by authorizing the nation’s first Bitcoin exchange-traded fund (ETF).
In contrast to Singapore’s policy of not taxing long-term capital gains, Japan has taken a progressive stance by recognizing cryptocurrencies as legal property under the Payment Services Act. However, China is a leader in developing its government-backed digital currency, the digital yuan (e-CNY), with numerous pilot projects underway. China has outlawed cryptocurrency exchanges, citing unlawful public financing.
Additionally, government news also throws some light on major economies like the EU, the United Kingdom and the United States that are actively developing and exploring their own central bank digital currency (CBDC) initiatives, while nations like the Bahamas and Nigeria have already implemented CBDCs.
- News
The IMF’s non-accumulation agreement may leave room for Bitcoin accumulation through non-governmental entities, industry watchers told Cointelegraph.
4227 - News
Russia’s central bank announced a proposal in March to allow a limited number of Russian investors with a certain amount of assets to buy and sell cryptocurrencies under a three-year experimental regime.
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The legislation proposed by New York Representative Nydia Velázquez came after the Puerto Rico Governor floated a 4% capital gains tax for new applicants.
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The federal financial regulator issued guidelines on "covered" tokens in April that had some members of a Wyoming commission questioning its rollout for a state-issued stablecoin.
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The deputy head of Russia’s Finance Ministry’s financial policy department, Osman Kabaloev, has reportedly said the country should be developing its own stablecoins.
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Bitcoin Policy Institute executive director Matthew Pines said that tariff earnings are “budget-neutral” and can be used by the US government to buy Bitcoin.
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The chair of Ukraine’s securities regulator, Ruslan Magomedov, says it made the crypto tax framework for lawmakers to make informed decisions on the various options.
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Tokinvest co-founder Scott Thiel told Cointelegraph that the new development opens up Dubai’s real estate market to global investors.
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Binance founder Changpeng Zhao has agreed to advise Kyrgyzstan on blockchain and crypto-related matters to strengthen the country’s government and economy.
13748 - Analysis
Economic observers are concerned over Trump’s tariff policy, which has markets worried about a possible recession.
4261 - Opinion
Elon Musk’s ambitious plan to integrate blockchain into the US Treasury has sparked intense debate. While blockchain promises transparency and accountability, its implementation faces significant challenges.
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Messaging apps gather users’ data and violate their privacy. Session co-founder Kee Jeffreys says encryption and decentralization are the solution.
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Vanuatu has passed crypto regulation and licensing legislation that a government adviser says is strict to dissuade bad actors that may seek to take advantage of small island nations.
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Two special elections have the potential to narrow Republicans’ majority in the House of Representatives, but many experts suggested the races are a long shot for Democrats.
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