News list for " a bill"
According to Reuters, Pakistan and Binance have signed a Memorandum of Understanding (MOU) to explore the tokenization of up to $2 billion in treasury securities and commodity reserves. The Ministry of Finance of Pakistan said that this cooperation is an important step for the country to introduce blockchain technology, enhance asset liquidity, and attract foreign investment, and may also pave the way for more state-owned physical assets to go online. The move comes as Pakistan accelerates the l...
The Russian State Duma is working on a bill to apply anti-money laundering measures to the digital ruble platform. According to the State Duma Committee on financial marekt, now is the time to pass this bill allowing banks to block suspicious transactions. Once approved, the bill will come into force on January 1, 2025.
The North Carolina Legislature has passed a bill banning the state from implementing a central bank digital currency (CBDC) issued by the US Federal Reserve, and the Senate has overturned Governor Roy Cooper's veto power. The bill bans North Carolina from accepting CBDCs as a payment method and prohibits it from participating in future CBDC tests by "any branch of the Federal Reserve." On September 9, the Republican-dominated Senate passed the bill by a vote of 27 to 17, just above the 60 percen...
The National Assembly of Seychelles has approved a draft bill aimed at regulating virtual asset service providers (VASPs). The bill requires VASPs seeking permission to establish a substantive business in Seychelles, such as having a resident director and an office staffed with competent staff. The law aims to balance innovation with anti-money laundering efforts and comply with the recommendations of the Financial Action Task Force (FATF).
Two U.S. senators have introduced a bill to expand the Secret Service's powers to fight cryptocurrency-related crimes. CatherineCortezMasto of Nevada and Charles Grassley of Iowa recently introduced the Cybercrime Money Laundering Act of 2024, which would expand the Secret Service's powers to investigate cryptocurrency transactions by unlicensed money transfer businesses and potential fraud against the U.S. Financial Institution Group. Cortez Masto emphasized the importance of the bill...
The Russian State Duma has proposed a bill to regulate cryptocurrency mining, aimed at curbing illegal activities and promoting investment and employment. The bill, proposed by the chairperson of the Duma's financial marekt committee and supported by key deputies, requires strict guidance for miners, including registration and government supervision. If passed, the law will come into force on September 1.
The North Carolina General Assembly on Wednesday passed a bill restricting the use and acceptance of central bank digital currencies (CBDCs) issued by the Federal Reserve by the state government. House Bill 690 is now before Governor Roy Cooper for approval, a day after the Senate passed it by a 39-5 vote. On June 26, the House passed the bill by a 109-4 vote. If Cooper signs the bill into law, it would immediately ban...
