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Laws and Regulations
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Legal Status and Trading Restrictions of Bitcoin in Mainland China
In mainland China, the mere possession of Bitcoin by individuals is not considered illegal, with the law classifying it as virtual merchandise or virtual property. However, any transactions, exchanges, financing, and related commercial activities involving Bitcoin are strictly prohibited by Chinese regulators and are categorized as illegal financial activities. Financial institutions and payment service providers are also banned from offering virtual currency-related services. Participation in such activities may lead to legal risks and property losses, and related transaction contracts are not protected by law.
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Air France confirms compliance with Israeli rule barring crew from certain nations
Air France has confirmed it is complying with new Israeli restrictions that prohibit crew members from 31 Muslim-majority countries, including Iran, Saudi Arabia, and Pakistan, from flying into or ove
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Arizona Crypto ATM Law Helps 35 Scam Victims Recover $171K
The Arizona law allows qualifying new customers to receive full reimbursement, including fees, if they notify both the crypto ATM operator and law enforcement within 30 days of the scam.
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Myanmar parliament passes crypto scam bill with penalties up to life
Myanmar's parliament has passed an anti-online scam bill. The new legislation imposes prison terms ranging from 10 years to life for individuals involved in crypto scams and operating scam centers.
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CLARITY has added new provisions for self-custodied tokens to prevent them from being classified as lost assets due to inactivity on the blockchain.
Svmuu News: Galaxy’s Head of Research posted on X, stating that many people have overlooked an important addition to CLARITY: self-custodial tokens are protected from being deemed “lost” under unclaim
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Consideration of Russia's Bill on Criminal Liability for Cryptocurrency Transactions Postponed Until After the State Duma Elections
Svmuu News: Anatoly Aksakov, Chairman of the Russian State Duma’s Financial Markets Committee, stated that consideration of the bill on criminal liability for illegal cryptocurrency transactions will
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New Hampshire’s HB 639 Bill Has Been Filed, Clarifying Legal Protections for Digital Asset Payments, Self-Custody, and More
Svmuu News: House Bill 639 (HB639) in New Hampshire has completed the registration process. The bill specifies that state and local governments may not restrict individuals from using digital assets f
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Svmuu Morning Brief
1. Michael Saylor: U.S. stock markets are closed today, and volatility is inevitable; Bitcoin continues to operate; 2. HyperEVM has been criticized for positioning issues and a lackluster developer ex
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Air France confirms compliance with Israeli rule barring crew from certain nations
Air France has confirmed it is complying with new Israeli restrictions that prohibit crew members from 31 Muslim-majority countries, including Iran, Saudi Arabia, and Pakistan, from flying into or ove
-
Arizona Crypto ATM Law Helps 35 Scam Victims Recover $171K
The Arizona law allows qualifying new customers to receive full reimbursement, including fees, if they notify both the crypto ATM operator and law enforcement within 30 days of the scam.
-
Myanmar parliament passes crypto scam bill with penalties up to life
Myanmar's parliament has passed an anti-online scam bill. The new legislation imposes prison terms ranging from 10 years to life for individuals involved in crypto scams and operating scam centers.
-
CLARITY has added new provisions for self-custodied tokens to prevent them from being classified as lost assets due to inactivity on the blockchain.
Svmuu News: Galaxy’s Head of Research posted on X, stating that many people have overlooked an important addition to CLARITY: self-custodial tokens are protected from being deemed “lost” under unclaim
-
Consideration of Russia's Bill on Criminal Liability for Cryptocurrency Transactions Postponed Until After the State Duma Elections
Svmuu News: Anatoly Aksakov, Chairman of the Russian State Duma’s Financial Markets Committee, stated that consideration of the bill on criminal liability for illegal cryptocurrency transactions will
-
New Hampshire’s HB 639 Bill Has Been Filed, Clarifying Legal Protections for Digital Asset Payments, Self-Custody, and More
Svmuu News: House Bill 639 (HB639) in New Hampshire has completed the registration process. The bill specifies that state and local governments may not restrict individuals from using digital assets f
-
Svmuu Morning Brief
1. Michael Saylor: U.S. stock markets are closed today, and volatility is inevitable; Bitcoin continues to operate; 2. HyperEVM has been criticized for positioning issues and a lackluster developer ex
-
Legal Status and Trading Restrictions of Bitcoin in Mainland China
In mainland China, the mere possession of Bitcoin by individuals is not considered illegal, with the law classifying it as virtual merchandise or virtual property. However, any transactions, exchanges, financing, and related commercial activities involving Bitcoin are strictly prohibited by Chinese regulators and are categorized as illegal financial activities. Financial institutions and payment service providers are also banned from offering virtual currency-related services. Participation in such activities may lead to legal risks and property losses, and related transaction contracts are not protected by law.
Laws and Regulations
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