#RUSSIA: Bill Seeks to Regulate Issuance Of Cryptocurrencies

[world politics news]

 

Russian authorities are accelerating cryptocurrency regulation with the introduction of a new bill seeking to govern the issuance of cryptocurrencies. 

A bill under consideration before the country’s parliament spells out that individuals or companies involved in the illegal issuance of cryptocurrencies will be subject to significant fines. 

According to the bill by Anatoly Aksakov, if adopted into law, individuals will be fined up to 5,000 Russian rubles ( $90) and 30,000 ($550) for officials. Legal entities will part with a fine of between 700,000 and 1,000,000 rubles.

[FULL STORY HERE]

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#MEXICO: Finance Ministry May Now Blacklist Those Suspected Of Money Laundering

[world politics news]

Mexico’s parliament has voted in favor of expanding the power of the country’s finance ministry to allow the blacklisting of individuals suspected of money laundering and other financial crimes.

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.

#UK: Group In Parliament Seeks Crackdown On Money Laundering In UK Overseas Territories

[world politics news]

Tax havens under the UK's jurisdiction could be forced to be more open about who owns assets held there. A group led by Conservative MP Andrew Mitchell and Labour's Margaret Hodge want UK overseas territories to introduce a beneficial ownership register. This, they hope, will shine a light on money laundering and the proceeds of people trafficking and other crimes.

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.