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Bitcoin Country El Salvador’s New Bill Offers Tax Breaks For Tech Innovation

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The popular crypto-friendly country El Salvador has taken a huge step to improve economic growth via technology. It recently reviewed its tax system exempting technology innovations to boost developments. 

Recall that El Salvador was the first country that made bitcoin legal tender and pushing for more adoption. This latest move is expected to attract more developers into the country, given it has become a tax haven for them. 

El Salvador Offers Tax Exemptions For Tech Developers

President Nayib Bukele sent the bill to Congress on April 1. The El Salvador tax exemption covers developers in coding apps and AI development, software programming, communications hardware manufacturing, and computing. It eliminates all import tariffs, income capital gains, and property taxes from these sectors.  Read more...

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Texas Senate Committee Hears Testimony On Bill That Would Ban Certain Energy Arrangements With Bitcoin Miners

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Pierre Rochard, VP of research at Riot Platforms testified yesterday that Bitcoin is a net positive for the state.

The Senate Committee on Business and Commerce heard testimony in regards to a Texas bill that would prohibit flexible load agreements between bitcoin miners and energy providers yesterday.

The bill aims to ban the arrangements in which energy providers like ERCOT would pay bitcoin mining operators to turn off their facilities, effectively freeing the now-excess energy for usage during emergencies or high demand time periods.  Read more...

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Texas House Introduces Bill To Boost Local Bitcoin Economy And Protect Rights Of Individual BTC Ownership

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A new bill introduced in the Texas House could set the state up to be the nucleus of Bitcoin development in the United States.

A bill that would fully protect and “welcome the Bitcoin economy.” has been introduced to the Texas State House of Representatives.

Sponsored by Rep. Cody Harris (R), and co-authored by the Bitcoin Policy Institutes’ Natalie Smolenski and Jason Brett, House Concurrent Resolution 89 describes how the Chinese government’s banning of bitcoin mining and trading in 2021 is an “authoritarian form of rule” that is “in complete opposition to the values of the United States.” This ban led to the quick migration of hash rate from China into the United States, mainly Texas, which has been reaping the benefits of the explosion in activity.  Read more...

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Crypto Industry Receives Protection With New Blockchain Regulatory Bill

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Member of the US House of Representatives and Majority Whip Tom Emmer has recently introduced a new bill to provide regulatory clarity for the blockchain and cryptocurrency industry. The bill is called the Blockchain Regulatory Act (BCRA).

According to Emmer, the purpose of this bill is to establish legal clarity for blockchain developers and service providers who do not hold or manage consumer funds. The bill proposes that these entities should not be considered money transmitters subject to “stringent” regulation. 

Additionally, the BCRA is a bipartisan bill co-led by Representative Darren Soto of Florida, supported by members of both political parties. This support increases the chances of the bill passing through Congress.  Read more...

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Texas Senator Ted Cruz Introduces Anti-CBDC Bill

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Ted Cruz has joined a myriad of politicians in demonstrating their contempt for CBDCs in America — but what about pro-Bitcoin legislation?

Texas Governor Ted Cruz has joined a growing group of politicians who have come out in support of anti-CBDC bills, reintroducing legislation to the Senate that would prohibit a direct to consumer Federal Reserve-issued CBDC.

Recent weeks have seen several U.S. state politicians at the center of these actions. The trend was seemingly kicked off by the introduction of Congressman Tom Emmer’s “CBDC Anti-Surveillance State Act,” a bill that would prohibit the Federal Reserve from issuing a CBDC directly to anyone.  Read more...

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Crypto Miners To Report Emissions Once Bill Pushed Back By US Lawmakers Gets Approved

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Crypto miners are now in the crosshairs of US legislators.

A crypto mining bill that pushes for transparency on gas emissions data is being pushed back in Congress, courtesy of U.S. Sen. Edward Markey and Rep. Jared Huffman.

The bill is being reintroduced in advance of a hearing on the environmental impact of crypto mining scheduled for Tuesday.

Crypto Mining Bill To Mandate Study On Emissions Impact

First proposed in December, the Crypto-Asset Environmental Transparency Act would require the Environmental Protection Agency (EPA) to investigate the effects of large-scale crypto mining operations on global warming.  Read more...

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Crypto Bill Seeks To Protect Financial Freedom, Here’s How

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Amid the turmoil that the Securities and Exchange Commission (SEC) and the crypto industry have been involved in over the past few weeks, digital assets may see a step forward in regulatory relief. In particular, new legislation seeks to enhance financial freedom for American customers in the U.S. 

On February 22nd, member of the House of Representatives Tom Emmer introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act to implement monetary policies that help to prevent the control of the economy and promote financial freedom for Americans. Tom Emmer stated:  Read more...

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U.S. Legislators Introduce Bill That Would Prohibit Creation Of An American CBDC

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The bill would effectively put an end to the debate over the creation of a Federal Reserve-issued CBDC.

U.S. Congressman Tom Emmer (R-MN) has introduced a bill that would prohibit the Federal Reserve from issuing a CBDC directly to anyone.

The bill, titled the “CBDC Anti-Surveillance State Act” details that “Except as specifically authorized under this Act, a Federal Reserve bank may not offer products or services directly to an individual, or maintain an account on behalf of an individual, or issue a central bank digital currency directly to an individual.” It goes on to further detail specifically that “The Board of Governors of the Federal Reserve System and the Federal Open Market Committee may not use any central bank digital currency to implement monetary policy.”  Read more...

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Wyoming Legislature Passes Bill Protecting Bitcoin Private Keys From Courts

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It is now up to the governor of Wyoming to put the final stamp of approval on the landmark bill.

The U.S. state of Wyoming has passed a bill that protects its citizens from having to disclose their private keys, with a singular exception. Having now been approved by the state Senate and House of Representatives, it now simply needs to be signed by the Governor in order to take effect.  Read more...

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New York Assembly Receives Crypto Payment Bill For State Agencies

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The New York State Assembly has received a bill that will legalize state agencies to accept cryptocurrency as a means of payment for fines, taxes, fees, civil penalties, and other state-related dues. 

The bill was introduced on Thursday during a legislative session by Clyde Vanel, a prominent cryptocurrency advocate and a member of the Democratic party.

Clyde Vanel serves as the representative of the 33rd district of New York and is quite popular for sponsoring several crypto-friendly bills in the past, most notably the Cryptocurrency and Blockchain Study Task Force bill.   Read more...

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Bitcoin As Legal Tender: Arizona Senator Pushes Bill To Make Crypto Legal Form Of Currency

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In the past year, bitcoin’s price has declined by about 60% from its all-time high. This has diminished the excitement surrounding the alpha coin, but not entirely.

There are still many who have faith in the cryptocurrency’s future. One of them is Arizona state Sen. Wendy Rogers.

Rogers, a Republican, has presented legislation that would make bitcoin legal currency in Arizona and allow state agencies to accept it.

The law proposed on Wednesday would, if passed, make Arizona the first state in the United States to recognize bitcoin as a legal form of currency.  Read more...

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Arizona Senator Introduces Bill To Make Bitcoin Legal Tender In The State

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A bill introduced by Sen. Wendy Rogers reflects growing interest in bitcoin from U.S. states.

State Sen. Wendy Rogers (R-AZ) has introduced a set of bills aimed at making bitcoin legal tender in Arizona and allowing state agencies to accept bitcoin.

The proposed legislation aims to recognize bitcoin as a legal form of currency in Arizona, allowing it to be used to pay for debts, taxes and other financial obligations. This would mean that all transactions that are currently done in U.S. dollars could potentially be done with bitcoin, and individuals and businesses would have the option to use bitcoin as they see fit.  Read more...

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El Salvador’s Legislature Approves Landmark Digital Securities Bill Paving Way For Bitcoin Bonds

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The country’s legislative body has completed the next step towards the issuance of El Salvador’s bitcoin bonds.

El Salvador has voted to pass a bill which paves the way for the issuing of President Nayib Bukele’s bitcoin bonds.

The plan, which was announced in November 2021, would entail El Salvador issuing $ 1 billion in bonds on Blockstream’s Liquid Network, a federated Bitcoin sidechain. The goal of the bond issuance would be to invest half of the money into bitcoin, and the other half into infrastructure necessary to build out the bitcoin industry in the Central American country. The bonds, according to the statement at the time, would yield 6.5% and enable a fast-track for investors to acquire citizenship in the country.  Read more...

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Fiji’s New Pro-Bitcoin Prime Minister Ponders Legal Tender Bill: Report

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Newly elected Fiji Prime Minister Sitiveni Rabuka is pro-Bitcoin and is reportedly considering pushing a bill to adopt BTC as legal tender in the country.

Pro-Bitcoin politician Sitiveni Rabuka recently took office as the new Prime Minister of the Pacific Islands of Fiji. Now, it seems the new PM is actively considering the adoption of bitcoin as legal tender there.

While Rabuka himself hasn’t been very public about his opinions on Bitcoin thus far, Lord Fusitu’a, a noble and former member of parliament of neighboring nation Tonga, has reportedly confirmed that the Fijian politician is a bitcoin bull.  Read more...

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Brazilian President Signs Bill Regulating Use Of Bitcoin As Payment

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Brazil’s President has signed a complete regulatory framework for crypto, regulating the use of bitcoin as payment.

Brazilian President Jair Bolsonaro on Thursday morning signed a bill into law that establishes a complete regulatory framework for the trading and use of bitcoin in the country, according to the federal government’s official journal (DOU).

President Bolsonaro enacted the bill approved by Congress without any modifications. As previously reported, the new rules recognize bitcoin as a digital representation of value that can be used as a means of payment and as an investment asset in the South American nation.  Read more...

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Brazilian President Has Finally Signed The Crypto Bill Into Law

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The President of Brazil, Jair Bolsonaro, has just signed the crypto regulation bill into law. This will ensure a regulated framework within which cryptocurrencies will operate. It now concludes the regulatory aspect that Brazil has been talking about for more than a year.

The bill was passed by the country’s Chamber of Deputies and the Senate. This is the legislative body that sent the bill to the president on November 29. With the President’s signature, this move will permit Bitcoin trading and payments in Brazil, among other developments that will follow.  Read more...

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Sen. Elizabeth Warren Introduces Sweeping Anti-Privacy, Anti-Freedom Bitcoin Bill

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U.S. Senators have introduced a bill that would have a direct impact on the categorization and regulation of bitcoin miners, wallets and nodes.

Senators Elizabeth Warren (D-Mass) and Senator Roger Marshall (R-Kan) have introduced the “Digital Asset Anti-Money Laundering Act Of 2022,” a bill which would have sweeping impacts on the privacy of bitcoin users.  Read more...

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The Digital Asset Anti-Money Laundering Act: An Unconstitutional Bill For An Unconstitutional World

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The Digital Asset Anti-Money Laundering Act Of 2022 from Elizabeth Warren proposes unconstitutional privacy restrictions for bitcoin users.

This is an opinion editorial by L0la L33tz, a privacy and security researcher and hacking advocate.

Yesterday, the U.S. Senate proposed the Digital Asset Anti-Money Laundering Act Of 2022 — a bill that is not only deeply concerning to international human rights, but unconstitutional and in direct opposition to current U.S. consumer privacy regulations.

What’s In The Bill?

The Digital Asset Anti-Money Laundering Act Of 2022, proposed by Senator Elizabeth Warren, proposes the following regulations, among others:  Read more...

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Here’s Everything That’s In Brazil’s Bitcoin And Crypto Bill

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Brazil’s Congress just approved a complete regulatory framework for cryptocurrency markets in the country. Here’s everything that’s in it.

On Tuesday, Brazil’s Chamber of Deputies approved a landmark cryptocurrency legislation that sets the tone for how the country will regulate bitcoin.

Key aspects of the bill relate to the way “virtual assets” are defined and their possible local uses, who can provide services to the public and what are the penalties for fraud and money laundering that involve cryptocurrencies.

The bill had been discussed in Congress for seven years, but recent events in local and global markets, including the fall of prominent exchange FTX, placed urgency on its voting and subsequent approval.  Read more...

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Latest EU Bill Targets Crypto Influencers For Manipulating Market

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The role of European duties involve creating the possibility for social progress and the sustainability of the market economy, including the crypto sector. In terms of the crypto economy, the European Union is now interested in providing a regulation bill that will place the ecosystem in a proper state.

Primarily, the European Union focuses on the well-being of citizens. To achieve this purpose, it takes the proper measures to regulate immigration and asylum while preventing crime.

Latest EU Bill Targets Crypto Influencers For Manipulating Market  Read more...

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