Law

No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal

by

A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the…

Draft Law About NFTs Submitted to Russian Parliament

by

Lawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation. The authors of the draft say the rights of those who own non-fungible tokens need to be protected as Russians are currently dealing…

Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament

by

A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party which also didn’t win backing to raise an electricity tax for…

Republic of Ireland to Prohibit Political Cryptocurrency Donations

by

The government of Ireland is preparing to ban political parties from accepting campaign donations in cryptocurrency. The move aims to block the perceived threat of Russian interference in the European nation’s elections against the backdrop of a clash between the West…

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

by

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market for…

Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions

by

The Ministry of Finance of the Russian Federation has revised a draft law designed to regulate the country’s crypto space, introducing provisions for cryptocurrency mining. The bill has been resubmitted to the government and may be adopted during the parliament’s spring…

Russia’s Finance Ministry Submits Bill to Legalize Crypto Investments, Ban Payments

by

Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “On Digital Currency” aims to introduce rules for investment in cryptocurrencies while at the same time cementing a ban on their…

Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials

by

The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if…

European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year

by

The executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish the legal basis for the digital version of the common European…

Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils

by

A roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law enforcement agencies, Russian media reported. The document, which aims to regulate Russia’s crypto market by the end of this year, comes amid disagreements between the…