Global #legislation

Ukraine is taking a significant step to formalize its digital asset sector by advancing a new bill that would give cryptocurrencies legal status and establish a tax framework.

Under the Donald Trump presidency, the position of crypto in the U.S. economy has undergone a dramatic shift. Once a vocal critic of digital assets, Trump has rebranded himself as the "Crypto President," working to transform America into the global "crypto capital."

The Governor of the National Bank of Ukraine (NBU), Andriy Pyshnyy, has stated that while the legalization of cryptocurrencies is on the table, they will not be permitted to function as a means of payment.

Michael Saylor of Strategy has joined a growing chorus of voices calling for the U.S. to establish a clear crypto taxonomy.

Sponsored by Choi Eun-Seok of the ruling People Power Party, a new amendment to South Korean law aims to enhance oversight of cryptocurrency transactions to combat money laundering and foreign exchange crimes.

The South Korean cryptocurrency sector has suffered a significant setback following the declaration of martial law in early December.

The Dutch government is seeking public feedback on proposed legislation that would require cryptocurrency service providers, including exchanges, to collect and share user data with the local tax agency, aligning with European Union regulations.

Ireland is taking proactive steps to develop new cryptocurrency regulations in anticipation of the European Union’s forthcoming Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) legislation, set to take effect on December 30.

On September 30, Ohio made a significant move towards integrating digital currencies into its financial operations with the introduction of a bill that would permit the acceptance of Bitcoin and other cryptocurrencies for state taxes and administrative fees.

Alabama Representative Mike Shaw, R-Hoover, has announced his intent to introduce legislation aimed at regulating cryptocurrency and blockchain technology in the state.

In response to escalating international sanctions impacting its financial landscape, Russia is intensifying efforts to regulate cryptocurrency usage.

In a bold move that signals the growing embrace of cryptocurrency in mainstream American politics, Senator Cynthia Lummis is set to introduce legislation aimed at establishing a strategic reserve of Bitcoin.