A US Senator known for her crypto advocacy is reportedly planning to introduce a bill to modernize how regulators treat digital assets next year. Republican Senator Cynthia Lummis of Wyoming, who owns Bitcoin (BTC), intends to propose a sweeping bill in 2022 that would change how crypto assets are taxed and categorized.
President Tayyip Erdogan Says Cryptocurrency Bill Is Ready
President Recep Tayyip Erdogan said during a meeting on Friday that the country's cryptocurrency bill is ready, local media NTV reported. Erdogan said: "The bill is ready. We will send it to the parliament as soon as possible." And he added: "More and more countries are regulating the growing industry, while financial regulators and governments in other countries are actively working on cryptocurrency regulations."
Turkish Regulator Fines Binance for AML Violations
Binance's Turkey operation has been fined nearly 8 million Turkish Lira, worth $750,000, for violating Anti-Money Laundering laws, as overseen by the Financial Crimes Investigation Board of Turkey (MASAK). The amount was reported as the maximum possible administrative fine for the offense.
Shiba Inu is the Most Viewed Cryptocurrency on CoinMarketCap in 2021
Meme coin, which has become the best-performing cryptocurrency of the year, has consolidated its place in the mainstream, receiving 188 million views. SHIB surpassed Bitcoin (145 million) and its competitor Dogecoin (107 million) in the viewership rankings. Ethereum and Cardano occupy the fourth and fifth places with 86 million and 81 million views.
Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month
Since November 9, 2021, transaction fees on the Ethereum network have been cut by more than half the rate they were on that day. At the time, the average fee for moving Ethereum was $62.84 per transfer, and since then, the fees have dropped 62.85% to $23.34 per transaction.
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