CRYPTO LEGISLATION
Coinbase CEO Armstrong Pushes for Swift Crypto Market Structure Legislation
Coinbase CEO Brian Armstrong is eager to advance crypto market structure legislation as Senate Democrats engage with industry leaders in a pivotal roundtable.
U.S. Enacts GENIUS Act, Establishing Framework for Stablecoins
The U.S. introduces the GENIUS Act, the first major crypto legislation, setting clear guidelines for stablecoins and paving the way for future market reforms.
Exploring Onchain Democracy: The Future of Voting and Governance
As the U.S. elections approach, the potential for blockchain in democratic processes gains traction, with liquid democracy and onchain voting at the forefront.
Coinbase Legal Chief Urges Swift US Crypto Legislation Amid Israel-Hamas Tensions
Coinbase's Chief Legal Officer, Paul Grewal, emphasized the importance of preventing cryptocurrency misuse and advocated for sensible crypto legislation in the US amidst geopolitical unrest involving Israel and Hamas. Grewal highlighted Coinbase's proactive measures like KYC checks and law enforcement partnerships to curb illicit activities on its platform. The discourse also spurred reactions from the crypto community regarding asset seizures and the role of other crypto exchanges like Binance.
Australia Surpasses Asia in Crypto ATM Installations
Australia has surpassed Asia in the total number of crypto ATMs installed, with 364 machines as of January 2023. The country has consistently added Bitcoin ATMs over the last eight months and is on a crypto ATM installation spree. Internal documents from Australia’s Department of the Treasury suggest that crypto legislation is on the horizon.
Japan’s Finance Minister Says No Plans to Lower Taxes for Cryptocurrencies Amid Call for Tax Rate Cut
Japan’s finance minister stated that there is no need to lower crypto tax rates.
South Korea Passes Comprehensive Law Officially Legalizing Cryptocurrency Trading And Holding
A day after India’s Supreme Court lifted the ban on cryptocurrencies, South Korea has followed in their footsteps as the nation’s National Assembly has amended the Act on Reporting and Use of Specific Financial Information. This move fully legalizes cryptocurrencies in South Korea.