Kazakhstan Greenlights Crypto Regulation and Mining Bills
The lower house of Kazakhstan’s parliament yesterday approved in the first reading five bills regulating the issuance and circulation of cryptocurrencies in the country.
The lower house of Kazakhstan’s parliament yesterday approved in the first reading five bills regulating the issuance and circulation of cryptocurrencies in the country.
Senators Cynthia Lummis and Marsha Blackburn have drafted amendments to the Cybersecurity Act of 2015 and have proposed to include cryptocurrency.
Kazakhstan is now preparing to allow the conversion of cryptocurrencies into fiat money.
The US Securities and Exchange Commission (SEC) has clearly demonstrated it intends to “damage or destroy the cryptocurrency industry in the United States.”
The US Internal Revenue Service (IRS) will send out invitations to appear at the department to users who do not report and do not pay tax on crypto transactions.
The SEC and Ripple Labs have just filed motions for a summary judgment in the case of possible violation of the Securities Act.
Thailand’s authorities plan to tighten their control over the digital currency market in the near future.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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