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  • The US Congress Drafting Bill Again Suppresses Libra, Which May Be Good News for BTC

    UU.Block Comments Regardless of Libra’s fate, Facebook and the US government are big winners. Although Libra has a short-term impact on the dollar, the dollar is more used for bulk commodity trading. Libra anchors bank deposits, government bonds, and a basket of currencies to measure the value of goods, while serving as a medium for small-value goods and services, and as a target to enter the category of public wealth storage. Even if Libra does not have the status of a global legal currency, it can fully operate as a digital currency in the field of goods and services like Bitcoin, and the value space created for it by a large user group must be much broader than any other digital currency. This draft is more like cake distribution. Libra will certainly represent a wider range of interests in the United States. A draft discussion bill titled “Keep Big Tech Out of Finance Act” had surfaced on July 13 afternoon. The bill aims to prevent tech colossuses from becoming financial institutions. It also seeks to prohibit these companies from “establishing, maintaining, or…

    Jul 15, 2019
  • Official: Russia to Postpone Adoption of Bill on Digital Currencies

    Russia’s parliament, the State Duma, may defer the adoption of the country’s major crypto bill “On Digital Financial Assets” (DFA) until the autumn session, local news outlet TASS reported on July 9. The Duma is considering shifting the adoption of the DFA bill to the autumn session, while the representatives have largely agreed on a bill on crowdfunding, according to the chairman of the State Duma Committee on Financial Markets, Anatoly Aksakov. Aksakov further explained that officials have not been able to reach a common position on the fate of digital currencies in Russia, saying: “The law on the DFA is set to decide whether we will prohibit cryptocurrencies as a medium of exchange in Russian legislation, meaning that there will be no exchange points nor exchanges that work with cryptocurrencies. We have not yet reached consensus on the issue. We need to define what cryptocurrency is at the legislative level. Then there is a fork in the road: we either prohibit organizing infrastructure for the purchase and sale of cryptocurrencies in Russia, or allow it.” Initially, the country’s parliament planned to adopt the law at the…

    Jul 10, 2019
  • Nevada Governor Signs Multiple Blockchain-Focused Bills

    Nevada has passed several distributed ledger technology (DLT) related bills to boost blockchain investment in the state.

    Jun 17, 2019
  • Gov’t of Brazil to Consider Bill Requiring Public Administration to Promote Blockchain

    The Brazilian government will consider a draft bill that requires all units of local public administrations to promote new technologies such as blockchain.

    Jun 13, 2019
  • US Congress Introduces Two New Cryptocurrency Bills

    US lawmakers are exploring new blockchain regulations. US Congress just introduced two new cryptocurrency bills aimed to address price manipulation and boost the country’s competitive edge in the new industry.

    Apr 2, 2019
  • Russia Quietly Removes All Cryptocurrency, Smart Contract and Token Mentions in Digital Assets Bill

    The bill, which is focused on how to regulate digital assets in the country and in the creation of some sandbox for their development in Russia, all mentions to three terms: cryptocurrencies, tokens, and smart contracts, were completely removed from the text.

    Mar 26, 2019

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