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In Washington, a meeting of legislators with 50 representatives of the cryptocurrency industry was held. Among them, there were businessmen, top managers of leading companies, the heads of organizations from Wall Street and venture funds. All of them urged the Congress to pay attention to the issues of industry regulation and to solve existing problems.

Mike Lempers, the chief lawyer and risk manager of Coinbase in San Francisco, pointed out that they want fair market relations that would be legislated. However, the existing regulatory tools leave much to be desired. Several companies warned the government that if the issue is not resolved, they will have to transfer the business abroad. It will naturally deprive the US budget of one of the financial inflows.

The claims of the representatives of the cryptocurrency industry concern the outdated legislative base, which is used by the US Securities and Exchange Commission. The law, which comes from the decision of the Supreme Court of 1946, is more than 70 years old. In his opinion, the SEC believes that all cryptocurrencies are securities. The only exceptions were Bitcoin and Ethereum. The initiative group asked the Congress to withdraw the status of securities from virtual assets. After all, the SEC punishes not only the evident fraudsters, but also those who simply could not register correctly.

Because of the negative attitude of the authorities to cryptocurrencies, many American companies are forced to work abroad. In spite of this, the representatives of the initiative group do not lose hope. They are convinced that a change in regulatory tools will recover lost and lead the United States into the leaders in innovation and their application.

The large Russian banks are already ready to work with digital assets, but so far they cannot do it because of the lack of the legislative base. As RBC informs, a round table was held at the Moscow Stock Exchange, dedicated to the future of financial markets and the regulation of cryptocurrencies. The meeting was attended by the largest Russian banks, including Sberbank, Alfa Bank, VTB, VEB, Gazprombank and others, as well as international financiers.

The publication cites the opinion of the ex-Minister of Justice and Minister of Finance of Luxembourg, the member of the Board of Directors of the Luxembourg Stock Exchange and the chairman of the board of the Luxembourg's largest bank BIL Luc Frieden, about the development of the European ecosystem:

"The developed financial ecosystem allows the government to stimulate innovations in the financial sector. In order to strengthen the Luxembourg's leading position as the leading financial hub, we intend to further develop the regulation and infrastructure for financial entrepreneurship,” he promised.

Earlier at the closed meeting, the Russian banks were actively interested in the peculiarities of the legal foundations of the cryptocurrency sector in other countries and complained about the inability to work in this sphere in Russia and talked about preparing a collective proposal for the Russian government.

"The group met on these topics in order to work out the approach, how to change the legislative agenda in the future," the representative of the banking sector pointed out.

The source added that one large bank is working with the State Duma on the new version of the draft law on digital assets, which would allow attracting the capital at a different level.

As previously was stated, the renewed version of the draft law "On Digital Financial Assets" is planned to be submitted in October for the public discussion.

23 people's deputies of the Verkhovna Rada of Ukraine initiated the draft law on taxation of the operations with digital assets. It is already registered and waiting for consideration.

The draft law provides for levying taxes on profits from cryptocurrency operations at a rate of 5% from natural persons and 18% – from legal persons. However, the project authors are ready to give the enterprises some indulgence and until 2024 not to take more than 5% from them.

Taking into account that the financial regulators of Ukraine have plans to recognize the cryptocurrency as financial instruments on an equal basis with the bills of exchange, shares, bonds and other securities, the draft law entered the parliament in a timely manner. After all, at the moment, the status of digital money in the country is not defined.

The recognition of the cryptocurrency and the adoption of the draft law will allow the citizens to legally use the new financial instruments and invest in digital assets. In addition, large volumes of financial transactions will be withdrawn from the shadow markets. Consequently, Ukraine will be able to replenish the budget through taxation, as well as significantly stimulate the development of the virtual assets market.

The experts of the company Diar revealed that more than 50% of all the mined bitcoins are controlled by the so-called "whales".

The “whales” have about 55% of all the bitcoins and store in the wallets with the balance of more than 200 BTC or $ 1.25 million. The wallets over 100 BTC own 62% of all the bitcoins. It is noteworthy that 1/3 of the dominant digital currency lies in the wallets in general without any outgoing transactions.

The experts believe that one should not forget about the existence of cryptocurrency exchanges with the reserve of cryptocurrency. At five addresses, exactly belonging to stock exchanges, 3.8% of all bitcoins are stored – this is about $ 4.2 billion.

Also, the analysts do not exclude the possibility that a certain number of the owners have forgotten their private keys and lost bitcoins. Such forgotten funds amount to almost $ 20 billion.

In India, the Supreme Court hears the case between the Reserve Bank of India (RBI) and local cryptocurrency companies that require the repeal of the ban on working with digital assets.

The participants of the cryptocurrency industry considered the introduction of the ban as an unconstitutional decision, and the Reserve Bank, because of the lack of legal control in the cryptocurrency environment, believes that cryptocurrencies cannot be used as a means of payment.

Earlier we reported that the Central Bank of India imposed restrictions on the processing of transfers, which in one way or another are related to cryptocurrency market. This ban was extended to all financial institutions of the country. After that, the groups of activists decided to defend their rights and created petitions for reviewing the decision of the Reserve Bank.

At present, India has begun to study the experience of implementing blockchain technology in the framework of cooperation with BRICS. Although the ban on operations with cryptocurrencies was introduced in India, the main bank of the country recognizes the need to regulate the sector of the cryptocurrency.

Bitcoin has lost 13% of its value over the last week, dropping from $ 7387 to $ 6422, Litecoin (-16%), Ethereum (-33%) and Bitcoin Cash (- 25%).

One of the reasons for the fall in the value of cryptocurrency may also be the statement made by Business Insider according to which Goldman Sachs, one of the the leading investment banks, has for the time being postponed its trading plans for cryptocurrency trading.

According to the information provided by Business Insider, one of the main reasons for such a decision made by the American investment bank is the uncertainty that still persists with regard to the legal regulation of cryptocurrancy.

We remind you that the news agencies reported in early August that Goldman Sachs, which for a long time is one of the most prominent defenders of cryptocurrency, is about to launch a cryptocurrency depository service soon.

At the same time, the decision of Goldman Sachs threatens the approval of the possible bitcoin-ETF by the Securities and Exchange Commission, the decision of which is expected by the end of the month. And, although the analysts point out that, according to technical indicators, the impulse of the buyers is still being observed at the market, the pessimistic mood of investors may have a negative impact on the first rate of cryptocurrency.

This step is part of the initiative to combat the hidden tracking of browser users. The new update aimed at closing this vulnerability is expected to appear in a few months.

In one of its studies using the Ghostery browser extension, Firefox noted that 55.4% of the total time required to download the average statistical website is spent on downloading information and data to tracking systems.

The future versions of Firefox will prevent the implementation of the hidden mining on the user devices in the case of visiting certain sites if they contain similar scripts. Firefox will also block any kind of user tracking and will offer “an exact set of control tools.” Firefox wants to provide its users with more options in the area of data selections, they share and exchange with Internet sites.

The cryptocurrency exchange Bitfinex receives $100 million Tether (USDT). As has happened many times, the analysts predict the bitcoin price increases to around $ 7,500 - 8,000, and then an automatic-fall.

In the past we have observed similar price fluctuations ( due to Tether inflow) in relation to Binance.

The Bitcoin weekly volatility (fluctuations) reaches the minimum since the beginning of 2018, reports Crypto Briefing.The Bitcoin volatility this week is 8.8%, but from the beginning of the year it is 20%. In some periods of time the bitcoin volatility this year reached 30-40%, but after the positive news from the US Senate in February – 74%.