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| July 16, 2018

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CNN

Death toll in Nicaragua protests reaches 273, human rights group says

July 15, 2018 |

At least 273 people have died and 2,000 have been injured in the unrest that’s rocked Nicaragua since April, according to the human rights arm of the Organization of American States (OAS).
CNN.com – RSS Channel – Regions – Americas

Charlottesville Organizer Plans ‘White Civil Rights’ Rally in DC

June 21, 2018 |

Police in Washington, DC are going to be busy on Aug. 11 and 12: The National Park Service has given initial approval for Jason Kessler, organizer of last year’s deadly “Unite the Right” rally in Charlottesville, to hold rallies to mark the anniversary of the Virginia event, WSET reports. The…
Newser

3 Gay Rights Activists Found Dead in Mexico

June 20, 2018 |

Mexican officials say three gay rights activists have been shot dead and left along a highway in the troubled southern state of Guerrero. Guerrero security spokesman Roberto Alvarez says the bodies were found Sunday on a road between Taxco and Cuernavaca with bullet wounds to the head. Alvarez said Tuesday…
Newser

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

Sen. John Kennedy: Gun rights are being threatened by big banks

June 15, 2018 |

Taxpayers have long memories, especially when it comes to how their hard-earned money is spent. I bet taxpayers remember providing more than $ 812 billion to Citigroup and Bank of America, two Wall Street banks, in 2009 to bail them out during the 2008 financial crisis.
FOX News

Amazon wins rights to English Premier League soccer games

June 7, 2018 |

Amazon.com stepped up its move into live sports programming Thursday by winning the rights to broadcast some soccer games from the hugely popular English Premier League.

Although the three-year pact is narrow in scope, the deal emphasizes Amazon’s ambition to seize a bigger role in the multibillion-dollar…


L.A. Times – Business

Only 1 More State Needs to Ratify Equal Rights Amendment

June 1, 2018 |

Illinois has ratified the Equal Rights Amendment a mere 36 years after the deadline for ratification, 46 years after it passed Congress, and 97 years after it was introduced. The amendment, which calls for men and women to have equal rights under state and federal law, was approved by 35…
Newser

CNN

Human rights group condemns Nicaragua’s use of force in protests as death toll rises

May 23, 2018 |

A human rights watch group is accusing Nicaraguan authorities of using excessive force, threats and torture against demonstrators since protests began in the country last month.
CNN.com – RSS Channel – Regions – Americas

Rights group: Rohingya insurgents massacred Myanmar Hindus

May 23, 2018 |

Myanmar’s army was not the only group that slaughtered civilians in the country’s volatile west last year, Amnesty International said in a new report accusing ethnic Rohingya insurgents of massacring dozens of Hindus during an escalation of a long-running communal conflict in Rakhine state.
FOX News

Cryptocurrencies to be Called “Digital Money” in Russia, Tokens – “Digital Rights”

May 18, 2018 |

Cryptocurrencies to be Called “Digital Money” in Russia, Tokens – “Digital Rights”

Russia’s Prime Minister Dmitry Medvedev has shed some light on the progress authorities are making towards adopting the long-awaited crypto regulations. Legislators will replace common words like “cryptocurrencies” and “tokens” with legal terms such as “digital money” and “digital rights”, he revealed. Two draft laws have been filed in the Duma. One of the bills is scheduled for first reading next week.

Also read: EU Adopts Rules to Reduce Anonymity for Crypto Users

Replacing “Slang” with “Strict Legal Concepts”

Cryptocurrencies to be Called “Digital Money” in Russia, Tokens – “Digital Rights”The work on the Russian crypto regulations has been going on for some time, with unresolved questions and disagreements between institutions postponing their adoption. Two pieces of legislation have been filed in the State Duma, the lower house of Russia’s parliament – a bill defining crypto activities like initial coin offerings and mining, and a draft law amending the Russian civil code to regulate crypto transactions. According to Parlamentskaya Gazeta, the law legalizing token sales has been approved by the Financial Market Committee and will hit the House floor on May 22.

Words like “cryptocurrency” and its derivatives have gained popularity beyond crypto communities, yet authorities around the world tend to avoid them. Russian officials are no exception. According to comments made by Prime Minister Dmitry Medvedev, the new Russian legislation on “digital financial assets” will not use the colloquial terms either, RIA Novosti and RBC reported. In a speech during the plenary session of the St. Petersburg International Legal Forum he said:

We need to consolidate the basic provisions and translate them into the language of the law. Therefore, instead of common slang expressions such as “cryptocurrencies” and “tokens”, lawmakers are developing the more strict legal concepts of “digital money” and “digital rights.”

Regulating Everything Is Counterproductive

We need to consolidate the basic provisions and translate them into the language of the law. Therefore, instead of common slang expressions such as “cryptocurrencies” and “tokens”, lawmakers are developing the more strict legal concepts of “digital money” and “digital rights.”Medvedev emphasized that the ruble is and will remain in the future “the only legal means of payment” in Russia but admitted that “deals in the digital environment are a reality we can no longer ignore.” He added that the new regulations would help to ensure judicial protection against abuse, prevent the transfer of assets into an uncontrolled digital environment, and develop a basis for taxation.

The head of the Russian government noted, however, that attempts to regulate everything are not effective in the digital world and authorities need а flexible legal regulation in this sector that does not hamper its development. “Prohibitions in the digital environment do not work because one can immediately find ways to circumvent them,” Dmitry Medvedev explained, quoted by ITAR-TASS. “It is quite difficult to enforce a ban,” he noted.

“Attempts to regulate everything in the digital world be absolutely counterproductive and unrealistic. It is changing very quickly and we need to have flexible legislation that sets some basic terms without interfering with the development of the digital space. Finding this balance is probably the most difficult task,” the Russian Prime Minister admitted.

Regulator Wants to Identify Users of Crypto ATMs

While the fine tuning of the upcoming legislation continues in the Duma, other institutions are trying to push forward their own ideas for the new regulatory framework. Russia’s federal financial regulator, Rosfinmonitoring, has recently insisted on introducing mandatory identification for persons using the services of crypto exchange bureaus and Bitcoin ATMs.

We need to consolidate the basic provisions and translate them into the language of the law. Therefore, instead of common slang expressions such as “cryptocurrencies” and “tokens”, lawmakers are developing the more strict legal concepts of “digital money” and “digital rights.”According to the Deputy-Director of the agency, Vladimir Glotov, the identity verification procedure for buyers and sellers of cryptocurrency should copy the identification process for traders of foreign currency. “This is, in fact, our job – we must see the person, look at his transactions and try to understand if they are related to money laundering or tourism financing,” Glotov said.

The deputy head of Rosfinmonitoring added that in the case of cryptocurrencies, the vigilance of the regulatory bodies is especially important as digital coins provide anonymity. “That’s why we are very cautiously and we take part in all discussions,” Glotov told Prime.

The official said he was also positive towards another initiative to expand the scope of the regulations. The Russian Association of Cryptocurrencies and Blockchain (RACIB) has recently proposed the creation of a special register of crypto investors and the assignment of Taxpayer Identification Numbers to all cryptocurrency traders in the country.

Why do you think officials prefer to use different terms when referring to cryptocurrencies? Tell us in the comments section below.


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