**The state of Montana has just released a bill that will exclude cryptocurrencies from the securities law and will describe the use of utility tokens in a in a clear and straightforward manner.** The Governor of Montana, Steve Bullock signed House Bill 584 which proposes the new provisions, as a result, making the State of Montana a desirable location for crypto startups. The bill with th...

**New changes to a local crypto legislation were introduced by Estonian Ministry of Finance.** According to the updated rules the processing time of applications changed from 30 to 90 days along with a mandatory registration of a company or its branch in Estonia. Among other crucial changes the cost of the license was increased almost 10 times, to 3,330 euros. Due to new regulations introdu...

... related to "new" legislation in Estonia began to appear on the Internet. One of the main sources of such information was the local consulting firm ESTI. According to their report, Estonian Ministry of Finance (EMF) released amendments to local crypto legislation that have significantly raised the bar for new potential crypto-companies. The report also states that the application processing t...

...RY IS STILL UNCERTAIN At the same time, Nabiullina reaffirms the bank’s position in relation to digital currencies, which has previously spoken against the legalization of the virtual asset class. Nevertheless, it seems that the creation of crypto legislation might not be a priority at the moment since it was reported last week that the Prime Minister of Russian Federation officially stat...

...cryptocurrency. The inability to govern and control crypto assets was making those institutions really upset. Being a conservative country with solid roots in a traditional economy, Russia nevertheless has chosen the progressive path by adopting crypto legislation instead of prohibiting digital currency. Although even the Central Bank of Russia perceives cryptocurrency as a threat to Russia’...

...t as a safe haven for crypto. In order to tackle ICOs and STOs, regulators included the concept of electronically recorded transferable rights (ERTRs) under the FIEA. Despite the fact that Japanese officials have introduced amendments into local crypto legislation, Offshorelicenese team are ready to assist to our clients with Japan Crypto license obtaining according to new legislation requirem...

...market. The new recommendations follow IFWG’s previous crypto consultation paper, issued in Jan 2019 - IFWG’s newest recommendations are open for comment through May 15. Considering South Africa’s official’s intentions to introduce new crypto legislation, Offshorelicenese team are ready to assist our clients to apply for the South Africa’s FSCA license according to legislation requ...