Tag: bills

Aug 17 2022

Unpacking The “Lummis-Gillibrand Responsible Financial Innovation Act”

A line-by-line analysis and critique of the recently proposed bill to regulate “digital assets.” To say it’s misguided is an understatement.This is an opinion editorial by Beautyon, the CEO of Azteco.In this post, I parse the above-named act, pointing out the glaring flaws and errors in it....

Nov 05 2021

Draft Bill Seeks To Allow Brazilian Workers to Be Paid in Bitcoin

Nov 05 2021 Published at Bitcoin Magazine under tags  bills brazil markets paid in bitcoin

The bill seeks to change the current law that dictates Brazilian workers can only be paid with the national currency.A draft bill seeking to allow Brazilian workers to be paid in bitcoin was presented to the country’s Deputies Chamber on November 5. The author, deputy Luizão Goulart (REPUBLIC- PR), shared the natural evolution of money as a...

Oct 18 2021

Brazil Is Not Making Bitcoin Legal Tender: A Look Inside The Bill

Oct 18 2021 Published at Bitcoin Magazine under tags  bills brazil legal tender markets

Brazil is not following El Salvador's example; here's a breakdown of the country's cryptocurrency bill.Brazil is not making bitcoin a legal tender.The Brazilian "virtual asset" bill seeks to define virtual assets and virtual asset services providers and increase investor protection by increasing regulation.The Central Bank of Brazil is more focused on developing its CBDC, the digital...

Aug 04 2021

New Spanish Bill Aims To Foster Digital Transformation But With The Wrong Tools

Aug 04 2021 Published at Bitcoin Magazine under tags  bills bitcoin blockchain business spain

New Spanish bill aims to enable innovation in different sectors but shows a lack of understanding of Bitcoin and its real innovation.A new draft bill introduced in Spain by the People's Party (PP) aims to foster digital transformation by outlining possible innovations, how they should work, who is entitled to develop them,...

Jul 29 2021

Israeli Draft Bill Aims To Force Investors To Report Bitcoin Holdings Above $61K

An Israeli draft bill seeks to demand that investors report bitcoin holdings above $61,000 to tax authorities, bitcoin advocates oppose.On Tuesday, a draft law was published by the Ministry of Finance of Israel that would demand investors there to report bitcoin holdings more significant than $61,000 to...

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