In a pivotal moment for global finance, Russian President Vladimir Putin has emphatically asserted that Bitcoin and other cryptocurrencies are on an irreversible path to prominence. At the Investment Forum held in Moscow on December 4, Putin advocated for the increasing role of digital currencies in promoting economic efficiency and resilience. By positioning Bitcoin as
Property
In a significant move, Russia’s Federation Council has passed extensive amendments to the Tax Code, specifically targeting the burgeoning sector of digital currencies, including Bitcoin (BTC). This legislation, finalized on November 27, marks a pivotal moment in the country’s approach to cryptocurrency regulation. Introduced by Alexander Shenderiuk-Zhidkov, the Deputy Chairman of the Federation Council’s Committee
Hong Kong is positioning itself as a burgeoning hub for cryptocurrency innovation, with a strong commitment from its government to expand the licensed crypto exchange landscape. Financial Secretary Paul Chan recently announced expectations for the licensing of additional cryptocurrency exchanges by the end of the year, signaling a proactive approach to regulation. This initiative will
On October 23, Vietnam unveiled a groundbreaking National Blockchain Strategy, signifying the country’s ambitious pursuit to harness blockchain technology at the forefront of the Fourth Industrial Revolution. This plan is not merely a response to technological trends; it is a well-thought-out initiative aiming to establish Vietnam as a premier center for blockchain innovation, research, and
The Law Commission of the United Kingdom (UK) Parliament recently introduced the Property (Digital Assets, etc.) Bill to bring digital holdings under the purview of the country’s legal system. This groundbreaking legislation will redefine how assets such as cryptocurrencies, non-fungible tokens (NFTs), and carbon credits are treated under English and Welsh property laws. The proposed
Bitcoin has been the subject of much speculation in recent years, with experts like hedge fund manager James Lavish predicting that the flagship cryptocurrency could rise to an impressive $428,000. Lavish pointed out that for this ambitious price target to be achieved, Bitcoin would need to become 1% of the $900 trillion investment assets worldwide.
US Senator Cynthia Lummis (R-WY) recently introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act” in the Senate with the aim of supercharging the US dollar and paying down the national debt through the establishment of a strategic Bitcoin reserve. The BITCOIN Act proposes the creation of a Strategic Bitcoin Reserve
Robert Kennedy Jr., an independent candidate for the US presidency, has recently unveiled a groundbreaking financial policy plan during the industry day of the annual Bitcoin conference in Nashville, Tennessee. This plan aims to position the United States as the world’s largest holder of Bitcoin, with the strategic acquisition of Bitcoin valued at $619 billion
Recently, Baroness Stowell of Beeston, a member of the UK’s House of Lords, expressed her concerns regarding the need for stronger regulation and oversight in the UK’s AI market competition. In a letter to the UK Secretary of State, she highlighted the government’s lackluster efforts in modernizing copyright laws to keep up with the advancements
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