News list for " Amendment"
The Utah Blockchain and Digital Innovation Amendment has been sent to the Senate for approval. If passed, it would allow the state to invest 10 percent of state funds in bitcoin and other digital assets. Utah remains ahead in the state reserve bill race, followed by Arizona and Oklahoma.
El Salvador's Congress has quickly passed legislation amending its bitcoin laws to comply with international monetary fund (IMF) agreements. Elisa Rosales, a lawmaker from the ruling party, said the amendment aims to ensure the permanence of bitcoin as a legal tender while promoting its practical application.
On June 19, 2024, the Securities Supervision Commission issued the "Eight Measures on Deepening the Reform of the Science and Technology Innovation Board to Serve Scientific and Technological Innovation and the Development of New Quality Productive Forces", which proposed to carry out the pilot program of deepening the issuance and underwriting system. In the pilot program of the Science and Technology Innovation Board, the offline investment institutions with a higher lock-up ratio and a longer...
The newly revised "Anti-Money Laundering Law of the People's Republic of China" will come into force on January 1, 2025. Ying Yong, Secretary of the Supreme People's Procuratorate Party Group and Prosecutor General, stressed that it is necessary to coordinate and strengthen the fight against money laundering crimes, accurately grasp the provisions of the revised Anti-Money Laundering Law on improving the scope of predicate crimes of money laundering, implement the Anti-Money Laundering Law and t...
The Pakistani government's proposal to amend the SBP Act, or herald its attempt to legalize cryptocurrencies, marks a shift in the country's financial policy. The amendment will allow the Central Bank of Pakistan (SBP) to issue digital currencies and manage the country's currency in both physical and digital forms, in addition to granting the SBP the authority to conduct CBDC operations,...
On November 1st, the Ministry of Commerce, the China Securities Supervision Commission, the State-owned Assets Supervision and Administration Commission of the State Council, the State Administration of Taxation, the State Administration of Market Regulation, and the State Administration of Foreign Exchange revised and issued the "Measures for the Administration of Strategic Investment by Foreign Investors in Listed Companies". The revised "Measures" relax the asset requirements of foreign inves...
The police in the Australian state of Victoria have successfully seized $142,679 worth of cryptocurrency for the first time after a recent law amendment allowed police to take control of digital assets. The Victorian Police Service released its Annual Report 2023-2024 on October 31, highlighting the recent "new powers" authorised following the addition of "Section 92A Seizure of Digital Assets on Search Warrants" to the Confiscation Act 1997. Effective August 1, 2023, the law change authorises V...
South Korea's Financial Services Commission (FSC) is actively pushing for amendments to the law to critically scrutinize major shareholders and governance of crypto exchanges. Currently, the FSC lacks the statutory authority to scrutinize shareholders under existing laws, including the Virtual Asset User Protection Act. In a parliamentary audit, FSC Chairperson Kim Byoung-hwan said that amendments to the Act on Reporting and Use of Specific Financial Transaction Information have been submitted t...
Amendments to the United Arab Emirates' Value Added Tax (VAT) regulations will exempt the transfer and conversion of virtual assets, including cryptocurrencies. PwC said the new regulations include VAT exemptions for additional services, including managing investment funds and transferring and converting virtual assets.
On September 25th, Japan's Financial Services Agency discussed providing enterprises with a more convenient mechanism for processing cryptoassets (virtual currencies) at a panel meeting on the revision of its fund settlement law. Participants believed that reducing the burden on enterprises will promote the participation of large domestic gaming companies and promote the research and development of related blockchain ecosystems. The meeting also mentioned that with the expansion of the virtual c...
