However, crypto advocates feel the rule may be too restrictive for a country that said it wants to support the digital asset industry. Judith OkonkwoThis weeks tech personality is the founder of Imisi 3D, Judith Okonkwo.Imisi 3D is Nigerias first Virtual Reality (VR) creation lab championing the move from technology consumption to creation.It is dedicated to growing a community of VR developers in Nigeria, creating solutions using VR, and providing educational and engaging experiences with VR. crypto bill In the U.K., crypto firms have to go through a complex process to register with the FCA, which oversees anti-money laundering compliance. Read more: UK Financial Regulator to Limit Crypto Ads to Sophisticated, Wealthy Investors. Kerala Governor Arif Mohammed Khan removed from the post of chancellor of the Kerala Kalamandalam deemed to be University by the Pinarayi Vijayan-led LDF government. Currently, no crypto firm is an authorized firm so they cant approve their advert, said Mark Aruliah, senior policy adviser at Elliptic at the Blockworks Digital Asset Summit in October. 8 January 2022: The IRS confirms the tax deadline for 2022 is extended to Monday the 18th of April. The Nigeria Startup Bill (NSB) has been passed into law and is now recognised as the Nigeria Start-up Act, 2022. These are among the key findings of a statewide survey on state and national issues conducted from October 14 to 23 by the Public Policy Institute of California: Copyright 2022 FINODES LLC. bill One suggestion is to extend the rule to foreign companies looking to enter the market. The situation was particularly critical in Korea as crypto traders were on "suicide watch". Since its launch, it has been on a mission to help students prosper, irrespective of their available resources at home or school. Bill In order to become law, the DCCPA would need to make it out of the House and be passed by the Senate before being signed by President These fees will apply to all companies wishing to become or remain incorporated on the Companies House register. The European Council has passed the Markets in Crypto-Assets (MiCA) regulatory bill; final voting will be held on October 10. 2022. You can email us at: hello@thisdaylive.com or visit our contact us page. Crypto These are among the key findings of a statewide survey on state and national issues conducted from October 14 to 23 by the Public Policy Institute of California: PPIC Statewide Survey: Californians and Their Government We rely on regulators so frequently because of this. Legislators still need to decide on two important issues: whether agencies already have enough power to regulate the market, and if not, which agency should have that authority. As per reports, the Rajasthan government led by Congresss Ashok Gehlot in July was considering bringing in legislation to give the Chief Minister the power to appoint chancellors for the 28 state-funded universities. Following the Economic Crime (Transparency and Enforcement) Act passed earlier this year, the bill is designed to tackle the growing problem of dirty money flowing into the UK. But the question that comes in the minds of people is whether the state government has the power to remove the Governor from the post of chancellor? Mathieu Hardy, from asset management app OSOM, feels theres almost a tech-based discrimination when it comes to foreign currencies. CoinDesk journalists are not allowed to purchase stock outright in DCG. California passed a law requiring employers to post salary ranges on all job listings, and some must show median gender and racial pay gaps a first for a U.S. state. Back in 2021, the Maharashtra government led by the then chief minister Uddhav Thackeray amended the appointment process in state universities to give the final say to the government. bill In order to become law, the DCCPA would need to make it out of the House and be passed by the Senate before being signed by President Joe Biden. With our international expansion underway in the UK and India, we have already shown that affordable and accessible vehicle financing for mobility entrepreneurs is a global challenge and one we are committed to solving at moove. The U.K. could make it difficult for crypto companies to advertise to clients within its borders if a new proposed bill is passed into law. Sen. Cynthia Lummis (R-Wyo. Kerala Assembly passes Bill giving state government upper hand in selection of V-Cs. The Kerala Assembly, few months back, had passed a bill Kerala University Laws (Amendment) Bill, which give power to the state government in the selection of the vice chancellors. The UKs Financial Services and Markets bill is home to new amendments seeking to regulate crypto and ban unauthorized service providers, following an amendment paper published on Friday.. Andrew Griffith, financial services minister, tabled amendments and added a note "to clarify that the powers relating to financial promotion and regulated GMBL stock falls 17%; Is Esports Entertainment now a buy? For the unversed, all the Bills that are passed in the state Assembly have to go to the respective Governor of the state to get the consent. The events that have transpired this week reinforce the clear need for greater federal oversight of the digital asset industry, Boozman wrote. The DCCPA bill was first introduced on Aug. 3. As it stands, Section 2A of the Criminal Justice Act 1987 only allows the SFO to compel entities to provide information during pre-investigation stages for suspected cases of international corruption and bribery. In a Parliamentary debate last month City Minister Andrew Griffith, who proposed the amendment to his own bill, did reassure participants that the Treasury will consult on its approach with industry and stakeholders ahead of using the powers, to ensure that the framework reflects the unique features, benefits and risks posed by crypto activities. This consultation is set to occur in the coming weeks. I strongly encourage them to actively exercise those authorities when necessary, he wrote. The entire European Parliament will vote on final approval of the legislation later in October. Crypto So investors in the U.K. are kept safe, said Aruliah of Elliptic. He claimed that because of its limited authority, the CFTC should be active. Digital Journal crypto bill These rules would require any type of advertisement or invitation to the public to engage in an investment activity targeting consumers to be approved by an authorized entity, according to industry representatives. The Minister of Communications and Digital Economy, Isa Pantami, disclosed this via his Twitter handle.He said the new act would establish the National Digital Innovation and Entrepreneurship Council.The bills passage into an act automatically eradicates the legal uncertainties that have trailed the startup industry in the past.The new act is a joint initiative by Nigerias tech startup ecosystem and the Presidency to harness the potential of the countrys digital economy through co-created regulations. In 2018, an increase in crypto-related suicides was noticed after the cryptocurrency market crashed in August. The biggest crypto news and ideas of the day. The bill being discussed was the Financial Services and Markets Bill ushered in by Sunak, which, if passed into law, could give local regulators broad power over the crypto industry. Liang Hanjing expects that the bill containing this change will be passed in the citys Administrative Chamber in the main quarter of 2023. By using this website you agree to our terms and conditions and privacy policy. Originally published September 30, 2022, updated October 11, 2022. According to Boozman, the committee is collaborating with the CFTC and other parties to make sure that the legislation that we suggested would safeguard situations like this from happening and protect consumers, he said in an interview. In June, the basic framework of the law that establishes reserve criteria for stablecoins in order to prevent a collapse such to the one that occurred with TerraUSD was adopted, and in October, the complete text of the legislation was released. WebSome of biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges. Until you are fully aware of what is occurring, you cannot truly understand the changes., Sam Bankman-Fried, the former CEO of FTX, was questioned in an interview about whether he contributed to the bills creation. Congress passed the most significant federal gun restrictions in decades, sending the bill to President Joe Biden's desk. Opposition in Kerala to oppose LDFs Bill. 2022. By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. The vote on the Financial Services and Markets Bill passed in the UK's lower house of parliament on October 25 and now faces further rounds of scrutiny from lawmakers. crypto The bill focuses on reforms to Companies House, the seizure of suspected criminal cryptoassets, the role of limited partnerships, and new intelligence-gathering powers. Microsoft says a Sony deal with Activision stops Call of Duty Disclaimer: This is for general information only. Microsoft says a Sony deal with Activision stops Call of Duty Currently, firms not registered in the U.K. can reach out to serve clients based there because there are no rules to stop them from doing so. This could include significant fines, deregistration, and, in some cases, prison sentences. 15 February 2022: Updated to include new 2022 tax rates. Founded in 2020 by Nader Abdelrazik, Mustafa Eid, and Anisha Sekar, MoneyHash is building a super-API for payment orchestration and revenue operations expected to solve problems around operational inefficiencies and technicalities involved in integrating payment across Africa. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Eric Dunne • Updated: 17 November 2022 Updated : Updated: 17 November 2022. Indian Finance Minister Urges IMF to Spearhead Crypto Regulation, The United Kingdom adds more crypto regulatory measures against Russia, Storj Price Prediction for Today, November 21: STORJ/USD Bulls May Touch $0.350 Resistance, Oryen Network surges incredible 140%, beats DOGE and Big Eyes easily. At its core, the proposed legislative updates are designed to bring cryptoassets within the scope of civil forfeiture powers in Part 5 of the Proceeds of Crime Act 2002 (POCA). The move comes a day after the Kerala government voted to bring in an ordinance to remove Arif Mohammed Khan from the post of chancellor of universities in Kerala. Will Crypto Prices Go Lower, or Is it a Good Time to Invest? Key Takeaways from the UKs New Economic Crime and CoinDesk journalists are not allowed to purchase stock outright in DCG. The impact assessment for these proposed intelligence-gathering reforms can be found here. This website is free for you to use but we may receive commission from the companies we feature on this site. ), a proponent of the industry who has co-authored a different comprehensive regulation bill with Sen. Kirsten Gillibrand, declared that this is now a front-burner issue (D-N.Y.). After declaring bankruptcy on Friday, FTX, previously one of the biggest exchanges in the sector and a leading voice in Washington, is being investigated to see if customer cash were misappropriated. The entire European Parliament will vote on final approval of the legislation later in October. Firstpost - All Rights Reserved. Crypto & Blockchain Interesting. Currently, the CFTC is largely concerned with financial derivatives like futures contracts. Stay on top of regional trends and novel criminal techniques so you can protect your business from financial crime. crypto bill The FCA registration allows crypto companies to serve clients in the U.K. but it does not give firms the go-ahead to authorize their own advertisements, Ossio said. California passed a law requiring employers to post salary ranges on all job listings, and some must show median gender and racial pay gaps a first for a U.S. state. Download the guide. The attack utilized a trojan that targeted computers running Microsoft Windows, and was believed to have first been posted to the Internet on 5 September 2013. Hong Kong officials announce Q1 2023 crypto bill to address rapidly expanding market. WebFirst Bancorp Of Indiana, Inc. Hong Kong officials announce Q1 2023 crypto bill to address rapidly expanding market. Ed-tech Startup Gives Students Online Resources Via WhatsappThe ed-tech startup, Foondamate, has expanded its operations in Nigeria to give students access to online learning resources in multiple languages through low-data instant messaging applications like Whatsapp.The South African fintech uses WhatsApp to teach students, as the platform helps students who do not have adequate access to the internet to learn with the aid of localised chatbots.It also enables students to use the platform to search for concepts, download research papers, do simple mathematics calculations, and define words. 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