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.
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.
A legal amendment to an act addressing the South Korean crypto industry would criminalize unregistered exchanges, but has loosened other requirements.
With the passing of new legislation, banks in Germany may soon feel more confident to offer direct sales and custody of crypto assets.
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.
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.