Crypto.com Weekly Regulatory Update (10/02/2022 – 16/02/2022, Week 6)
U.S. congressman files bill protecting individuals’ crypto wallets. EU to consider formally digital euro legislation in 2023.
Key Takeaways
U.S. Congressman Warren Davidson has introduced the ‘Keep Your Coins’ bill in the House of Representatives to protect individuals’ self-custodied crypto wallets from U.S. government agency control.
The European Union (EU) will formally consider digital euro legislation in 2023, as disclosed by the European Commission’s finance chief Mairead McGuinness on Wednesday.
The U.S. Internal Revenue Service will not classify crypto miners, stakers, or coders as brokers, the U.S. Treasury stated on Friday. The concern came after the Infrastructure Bill left such determinations up to the Treasury.
Russia’s Ministry of Economic Development is proposing to legalise Bitcoin mining in areas where energy is abundant. This proposal aims to recognise crypto mining as a commercial activity and introduce taxes on its realised profits.
Highlights
U.S. introduces bill for government-backed insurance of ‘qualified’ stablecoins
Billionaire Bill Ackman urges New York governor and mayor to remove crypto barriers
CFTC chair asks congress for greater oversight on crypto market
Crypto lending firm set to pay $100M to settle allegations from SEC and State
U.K. tax regulator seizes NFTs for first time as part of fraud investigation
Canada to become crypto power house by introducing a new cryptocurrency bill
Argentinian tax authority will be able to confiscate digital wallets to collect tax debts
Hungary’s central bank head calls on EU to ban crypto mining and trading
Bloomberg outlines bullish catalysts for U.S. spot Bitcoin ETF approval and regulation
Belarus president signs decree to support free circulation of crypto
G20’s Latest Crypto Policies
G20's Regulatory Stance on Crypto
G20’s Crypto Taxation
Disclaimer:
The information provided in this newsletter is for general informational purposes only. It is not intended to constitute legal or other professional advice in any way whatsoever. All information in the newsletter is provided in good faith. However, we have not verified the information independently and make no representation or warranty of any kind, either express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information in the newsletter. Views and opinions expressed do not necessarily reflect the view of Crypto.com or any of its officials. The information provided in this newsletter should not be relied on or treated as a substitute for professional advice.
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