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| November 15, 2018

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L.A. City Council committee endorses $1.2-billion expansion of convention center and hotel

November 14, 2018 |

A proposal for a $ 1.2-billion subsidized development that would add hundreds of hotel rooms at L.A. Live and substantially enlarge the Los Angeles Convention Center was moved forward Tuesday by a City Council committee.

Members of the Economic Development Committee approved recommendations in a…


L.A. Times – Business

Disney appears to gain a friendly majority in Anaheim City Council. The ‘living wage’ initiative is still too close to call

November 8, 2018 |

After butting heads for two years with the Anaheim City Council, Walt Disney Co. appears to have won a favorable majority on the panel as candidates backed by the media giant were well ahead in a wide field of hopefuls.

Three City Council candidates, including the mayor, who received campaign support…


L.A. Times – Business

Measure to create L.A. public bank fails in setback for Council President Herb Wesson and advocates

November 7, 2018 |

Los Angeles voters rejected a ballot measure that would have allowed for the creation of a city-owned bank — a major setback for supporters of public banking and for City Council President Herb Wesson, who had made the bank one of his priorities.

Measure B, which would have amended the city charter…


L.A. Times – Business

Trump’s ‘space force’ should be created — and here’s how to start, National Space Council says

October 24, 2018 |

In creating the “space force” that President Trump wants, one of the first steps should be to make an agency that buys cutting-edge space technology for all branches of the U.S. military, the National Space Council said Tuesday.

Creating a new branch of the military would be subject to Congress’…


L.A. Times – Business

Disney and labor unions are spending big on Anaheim’s ‘living wage’ measure and council races

October 18, 2018 |

With less than a month before election day, labor unions and Walt Disney Co. have shelled out more than half of all contributions to campaigns that will decide the fates of a controversial ”living wage” initiative and a majority of the seats on the Anaheim City Council.

The unusually expensive…


L.A. Times – Business

Anaheim City Council gets an earful over opinion that Disneyland Resort won’t be subject to ‘living wage’ measure

October 10, 2018 |

Business leaders and union organizers clashed at a crowded Anaheim City Council meeting Tuesday night as the city attorney delivered his legal opinion that the Disneyland Resort won’t be subject to a Nov. 6 ballot measure requiring certain hospitality businesses to pay workers a “living wage.”


L.A. Times – Business

Trump Opens UN Security Council Meeting With Accusation

September 26, 2018 |

President Trump on Wednesday accused China of trying to meddle in the 2018 elections in a bid to keep him down. While opening a UN Security Council meeting, Trump put it like so, per the BBC : “In my remarks yesterday to the United Nations General Assembly, I laid out my…
Newser

Ukraine’s Financial Stability Council Supports Crypto Regulatory Concept

July 20, 2018 |

Ukraine’s Financial Stability Council Supports Crypto Regulatory Concept

Ukraine has taken a positive step towards legalizing cryptocurrencies. A new regulatory concept, one that recognizes coins and tokens as financial instruments, has won support from the members of the country’s Financial Stability Council. The body includes representatives of the National Bank, the Finance Ministry and other government agencies.

Also read: Minsk Mulls Rules for Exchanges, Qiwi Awards Employees with Tokens

Ukraine Adopts Regulatory Concept for Cryptocurrencies

It’s been quite a while since Ukraine made any notable progress towards regulating its crypto sector. A new decision in Kiev, however, qualifies as an important development. The country’s Financial Stability Council has supported a concept to regulate crypto transactions. The body is composed of representatives from the National Bank of Ukraine, the Ministry of Finance, the Deposit Guarantee Fund, the National Securities and Stock Market Commission, and the National Financial Services Market Commission.

Ukraine’s Financial Stability Council Supports Crypto Regulatory ConceptThe news about the decision of the council was announced on social media by Timur Khromaev, head of the National Securities and Stock Market Commission (NSSMC). “This is an important first step in building a consensus among government agencies and financial regulators which confirms the readiness to work with the Verkhovna Rada and the crypto market on forming a legislative and a regulatory framework that will ensure transparency and quality of relations between investors and crypto market participants,” Khromaev said in a Facebook post.

The newly approved concept recognizes certain categories of cryptocurrencies and tokens as financial instruments. It also determines the roles and functions of government agencies, such as the National Bank, the Finance Ministry, the State Fiscal Service, the State Financial Monitoring Service, and the NSSMC, in regards to regulating the circulation of cryptos, licensing of participants in crypto transactions, and disclosure of information.

Cryptocurrencies Still Unregulated, Not Legal in Ukraine

The status of cryptocurrencies in Ukraine is still undetermined. Three bills designed to legalize and regulate them and the related economic activities have been filed in the Rada since October but no significant progress has been made towards their adoption. These are the laws “On the Circulation of Cryptocurrency in Ukraine”, “On Stimulating the Market of Cryptocurrencies and Their Derivatives”, and a supplementary draft addressing crypto taxation. The recently voted Currency Law did not mention cryptocurrencies at all.

Ukraine’s Financial Stability Council Supports Crypto Regulatory ConceptThe NSSMC, one of the regulators that would be responsible for overseeing the crypto industry, did not support the bills introduced in the Rada. At the time, the commission objected to the use of the term “cryptocurrency” in the legal texts, stating that it is a result of what it called “financial engineering” and not a currency. The National Bank, the National Securities and Stock Market Commission and the National Financial Services Market Commission did not recognize cryptocurrencies as legal means of payment or money surrogate.

Cryptocurrencies have been steadily gaining popularity in Ukraine, especially in the last couple of years. Local media claim that the country is among the top 10 by number of crypto users. According to some recent reports, the estimated daily crypto-hryvnia turnover on the three major Ukrainian exchanges reaches $ 1.9 – $ 2 million USD. The actual volume may be much higher, given the large number of small trading platforms and individuals offering exchange services.

Do you expect Ukraine to adopt comprehensive crypto regulations? Let us know in the comments section below.


Images courtesy of Shutterstock, Timur Khromaev (Facebook).


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The post Ukraine’s Financial Stability Council Supports Crypto Regulatory Concept appeared first on Bitcoin News.

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Anaheim City Council votes to put ‘living wage’ initiative on its November ballot

June 20, 2018 |

After emotional statements from Disneyland workers and Anaheim business owners, a divided Anaheim City Council voted Tuesday to put on its November ballot a measure that would require hospitality operations that accept a city subsidy to pay a “living wage.”

The council narrowly rejected a proposal…


L.A. Times – Business

US Is Leaving UN Human Rights Council

June 19, 2018 |

The United States announced Tuesday it was leaving the United Nations’ Human Rights Council, with Ambassador Nikki Haley calling it “an organization that is not worthy of its name.” It was the latest withdrawal by the Trump administration from an international institution. Haley, Trump’s envoy to the UN, said the…
Newser