In our “Legal” section, we cover regulations, compliance issues, and legal developments related to cryptocurrencies and blockchain technology. Here you will find information about crypto laws, government policies, and the regulatory landscape affecting digital assets. Read the “Legal” section on ForkNews to stay informed about the legal side of the crypto industry.
Government officials, fearing that a ban on cryptocurrency trading would lead to a mass exodus of investors from the country, came out in support of “normal” crypto trading. According to local media, this was announced by the head of the Financial Supervision Service, Cho Heung-sik.
The purchases from overseas exchanges come as Indian authorities and major exchanges such as Unocoin, Zebpay and Coinsecure seek to tighten regulation and oversight of cryptocurrencies. Indian citizens buy “overseas” bitcoin through friends and relatives, writes The Times of India.
The draft law, which will be developed by the highest government bodies, is promised to be prepared by September of this year. Moreover, the President of the Republic Shavkat Mirziyoyev approved the authorities’ intention to create a competence center for blockchain technologies at the Mirzo Ulugbek Innovation Center.
We continue the series of publications on the legal status of cryptocurrencies in the EU zone. Today the object of our research is Italy. Let’s try to figure out why this particular country can become a kind of separate testing ground on which the regulatory mechanism in the field of cryptocurrencies will be tested for the entire EU zone.
“The only means of payment on the territory of Kazakhstan is the tenge,” said representatives of the country’s main financial regulator during the discussion “Cryptocurrencies: to be or not to be.”
The Ministry of Telecom and Mass Communications of Russia submitted for consideration a bill on the accreditation of organizations providing the opportunity to issue digital tokens
16 out of 30 deputies voted for this law. “The taxpayer will now be able to pay income tax using bitcoin, litecoin or any other cryptocurrency recognized by the department using electronic payment systems,” the bill says.
While most of the world's major states began to put up all sorts of barriers to the free circulation of Bitcoin and other cryptocurrencies, the Canadian government decided to take a completely different path.
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