Legislation

Hawaiian Bill Would Let Banks Act as Crypto Custodians
Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets.

New Law May Encourage German Banks to Offer Crypto Services From 2020
With the passing of new legislation, banks in Germany may soon feel more confident to offer direct sales and custody of crypto assets.

Swiss Government Moves to Remove Legal Barriers for Blockchain Development
The Swiss Federal Council has adopted a revised proposal to remove legal hurdles still holding up blockchain innovation, and will pass the legislation to the parliament.

Ukraine Plans to Tax Crypto Gains at Low 5% Rate (for a While, Anyway)
A draft bill setting out how crypto-related income should be taxed in Ukraine would tax gains at 5 percent for the first five years if passed.

Uzbekistan Plans Massive Hike in Electricity Prices for Crypto Miners
A new bill from Uzbekistan's Ministry of Energy would triple the price of power for miners, raising fears it could stifle the local mining industry.

Germany Passes National Policy to Explore Blockchain But Limit Stablecoins
Germany's cabinet has passed a national strategy for exploring blockchain tech, while limiting the threat of stablecoins like Facebook's Libra.

Ripple Hires Legal Expert Behind Token Taxonomy Act
Blockchain payments tech provider Ripple has hired a former political adviser to assist its advocacy efforts with lawmakers in Washington, D.C.

Iran's Cabinet Ratifies Bill Recognizing Cryptocurrencies and Mining
Iran's government has introduced a bill that lifts the illegal status of cryptocurrencies and authorizes mining as an official industry.

Montana Passes Bill to Exempt Utility Tokens From Securities Laws
"Big Sky Country" has gone crypto friendly, with new legislation exempting utility tokens from securities laws.

Bahamas Securities Regulator Proposes Rules for Token Sales
The Securities Commission of the Bahamas is pushing for a new token framework to draw blockchain businesses to the island nation.

