Ukraine to Revise Virtual Assets Law in Line With EU Crypto Rules

Work is underway in Ukraine to update the legal act that applies to cryptocurrencies in order to align the nation’s legislation with European standards. Several government institutions in Kyiv are preparing changes to the bill “On Virtual Assets,” which was signed into law earlier this year. Ukraine to Transpose European Crypto Regulations Into National Law Ukraine’s law “On Virtual Assets,” the main piece of legislation that concerns the country’s crypto space, will be amended in accordance with the provisions of the European Union’s Markets in Crypto Assets (MiCA) legislative package.…

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Bitcoin Mining Threatens America’s Climate Change Efforts, White House Science and Tech Department Says

The Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a report that says politicians should take action against crypto mining. The federal government’s entity recommends the Biden administration should encourage more research about mining’s electricity consumption and codify public policy for the entire mining industry. Office of Science and Technology Policy Report Claims Something Needs to Be Done to Stop Crypto Mining Pollution According to the U.S. Office of Science and Technology Policy (OSTP), bitcoin mining…

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Canada Employs ‘Terrorist Financing’ Rules To Stop Trucker Convoy

[ad_1] The below is a direct excerpt of Marty’s Bent Issue #1163: “If at first you don’t succeed label peaceful protestors ‘terrorists’ and forcibly take their money.” Sign up for the newsletter here. Well that escalated quickly. We’ve been covering the Freedom Convoy in Canada over the last few weeks. When we first wrote about the subject, GoFundMe had shutdown a campaign dedicated to the cause after being pressured by the Canadian government. In light of this bitcoiners sprung into action to spin up a Tallycoin campaign so that organizers…

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Crypto innovators of color restricted by the rules aimed to protect them – Cointelegraph Magazine

[ad_1] Historically, Black and Brown communities have had restricted access to opportunities for generational-wealth building. Crypto offers a chance to redress that balance… but an opaque mess of laws and regulations around crypto services and a prohibition on certain wealth-generation opportunities are standing in the way of that happening.  Controversial language in the United States’ recently enacted infrastructure bill may have unintentionally contributed to that cycle. The document contains broad tax-reporting language directed at “brokers.” The ambiguity of the term means it could apply to those who have nothing to…

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Tim Draper’s ‘odd’ rules for investing in success – Cointelegraph Magazine

[ad_1] It’s true, Tim Draper has picked losers. He tells me this even before I ask him. The VC legend who backed Hotmail, Tesla, SpaceX, Coinbase, Ledger and many other successful companies readily coughs up that he has invested in lemons. Some, he says, have totally gone out of business, but others just didn’t give him the money back. “By the same token, there are winners that make us a couple of times on the money and then some that give 1000x the investment,” he tells Magazine during a rare…

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Ready Player Cats DAO, surging NFT interest, court rules crypto is not property – Cointelegraph Magazine

[ad_1] This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   After enforcing global KYC requirements for all users, Binance’s dominance in CeFi has slipped from about two-thirds to just over one half, according to the FTX volume monitor. The big three of Huobi, Binance and OKEx now look like a big five, with Hong-Kong based FTX and Singapore based Bybit closing the gap.  The global NFT fever…

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Bitcoin’s Rules Are Enforced By Physics

[ad_1] The following article is an expanded, longer version of the original Medium article of the same name by the author, Tomer Strolight, in his series of articles on Bitcoin entitled “Why Bitcoin,” covering many aspects of Bitcoin, each with an average reading time of only three minutes. No Speed Limits Lead To Faster, Safer, More Reliable Cars. The German Autobahn highways have no legally-enforced speed limits. The laws of physics are the only limitations as to how fast automobiles can travel there. As such, Germans have figured out how…

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