Legislators Unite to Respond to New FATF Rules on Crypto Transactions V20 SummitCoinCodexLegislators have shown their support for the V20 Summit which is set to take place alongside the G20 Leaders Summit in Osaka, Japan, 28 & 29 June 2019. The event will convene G20 representatives, national blockchain associations, the world’s leading Virtual Asset Service Providers (VASPs) and legislators from multiple jurisdictions to discuss implications and explore possible technical solutions to achieve the desired outcomes of a new set of recommendations proposed by the Financial Action Task Force (FATF). legislation
Russian Legislators debating to legalize cryptocurrency trading Ahmad AsgharCryptopolitanAccording to the latest report, the Ministry of Finance in Russia is considering to permit the trading of digital currencies. In coming weeks, the Russian parliament expected to adopt Russia's major crypto bill on, "On Digital Financial Assets (DFA)". On May 22, 2018, the bill "On digital financial assets" Bill No. 419059-7 was presented in the State Duma, the Russian parliament. The document explained the financial assets that are issued or created by using digital technology and IT. Alexei Moiseyev, the Deputy Minister of Finance, stated that even though the Russian Ministry of Finance has not yet reached any consensuses, trading legal legislation russia regulation
Facebook's Libra receives flak from US legislation: Asked to put a stop to its developments Manasee JoshiCryptopolitanA week after officially announcing its launch, Facebook's very own cryptocurrency Libra runs into more trouble with US lawmakers demanding the social media giant to halt all developments in this regard. Owing to Facebook's previous defamation lawsuits concerning user data breach and privacy violations, statesmen from both Republican and Democratic parties have cast a no-confidence vote on Facebook's digital currency. Reactions from law officials Congresswoman Maxine Waters, chair of the House Financial Services Committee (HFSC), published an official statement "Considering the fact Facebook has run into crisis over data-sharing scandals in past, I am not fully convinced of its capability legislation regulation
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