Russia’s Prosecutor General Wants Cryptocurrency Recognized as Property Under Criminal Law

The Prosecutor General’s Office of Russia has proposed to define cryptocurrency as property in the country’s Criminal Code. Decentralized digital money has already been qualified as such in the provisions of several other laws although various aspects of cryptocurrencies remain unregulated. Prosecutors in Russia Draft Legislation Granting Cryptocurrency Property Status The Prosecutor General’s Office of the Russian Federation has prepared a draft law to recognize cryptocurrency and other virtual assets as property. The legal definition will be used in court proceedings within the framework of the Criminal Code, Russia’s Prosecutor…

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OneCoin Billions Still in Bulgaria

BULGARIAN GOVERNMENT ASSISTED PYRAMID SCHEME  Billions in Assets Still Under Control of OneCoin Mastermind Ruja Ignatova  Sofia:  A Petition has been filed with the Bulgarian Constitutional Ombudsman alleging the Bulgarian government has failed in its European Union mandated duties to victims of the up to €20 billion OneCoin pyramid scheme headquartered in Sofia.  OneCoin is one of the largest and most successful financial pyramids in history. Victims however have not received any restitution with the vast majority of funds still in the hands of the OneCoin organization.  The Petitioner, Dr.…

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Lawmakers push back on crypto provisions in Infrastructure Bill

The latest proposal from a group of House Democrats seeks to change how updates to the tax code affect crypto entities “who do not engage in brokerage services.” Lawmakers from both sides of the aisle are fighting back against changes to tax reporting rules for crypto brokers and transactions over $10,000 in the newly passed Infrastructure Bill.  Ten U.S. Democratic Congresspeople led by Rep. Darren Soto from Florida called for revisions to the definition of a broker in the infrastructure bill that was passed into law on Nov. 15. The…

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