SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of Value

SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of ValueThe chairman of the U.S. Securities and Exchange Commission (SEC) has explained how the U.S. government is regulating cryptocurrency. He calls bitcoin a store of value, noting that its rise is driven by the inefficiencies of the current payment system. How Bitcoin Is Regulated in the US SEC Chairman Jay Clayton explained how the U.S. […]

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Russia Proposes Harsh Penalties for Unreported Cryptocurrency Holdings

Russia Proposes Harsh Penalties for Unreported Cryptocurrency HoldingsRussia’s Ministry of Finance has drafted a bill with harsh penalties for anyone who does not report their cryptocurrency holdings above a certain level. Penalties include jail terms and fines. New Russian Crypto Bill The Russian Ministry of Finance has sent out a new draft bill addressing the circulation of cryptocurrency in Russia to interested […]

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New Russian Law Bans Bitcoin Payments for Goods and Services

New Russian Law Bans Bitcoin Payments for Goods and ServicesRussian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. It had already won backing from senior lawmkers like Anatoly […]

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