Washington Financial News

22.04 / 00:03

Provident Action Economic Impacts, Global Politics Limit Potential Actions Against Russia, Yellen Says

WASHINGTON—The U.S. and its allies are constrained in efforts to further punish Russia for its invasion of Ukraine because some potential steps lack international consensus and present risks to the global economy, Treasury Secretary Janet Yellen said.

21.04 / 18:29

UPS cryptocurrency AXY cryptocurrency news Cyber UN Body Coordinator Calls For Greater Focus On North Korea's Cyber Crimes

A UN body coordinator has sought greater focus on cyber crimes in North Korea

21.04 / 17:35

Citi Remark Biden Says U.S. to Send Ukraine $800 Million in Military Aid

WASHINGTON—President Biden said Thursday the U.S. would send roughly $800 million in additional military aid to Ukraine, as Russian forces tightened their grip on the strategically important port city of Mariupol.

21.04 / 17:03

PUMP Oil Trade Group Drafts Carbon-Tax Proposal That Could Raise Prices at the Pump

WASHINGTON—The nation’s biggest oil industry trade group has drafted a proposal urging Congress to adopt a carbon tax, which would put a surcharge on gasoline and other fossil fuels to discourage greenhouse-gas emissions.

21.04 / 11:13

markets ETF SEC Bitcoin Premium GBTC premium nears 2022 high as SEC faces call to approve Bitcoin ETF 'people really want'

Things are looking up for the United States’ largest institutional Bitcoin (BTC) product by asset holdings as pressure mounts on regulators.

21.04 / 07:25

NFT International Monetary Fund World Bank crypto framework Framework Crypto industry echoes Sitharaman's pitch for global crypto framework

Sitharaman pitched for a global framework to regulate the crytpo tokens, particularly their use in money laundering and terror financing. Speaking in a discussion hosted by the International Monetary Fund (IMF) in Washington DC, Sitharaman said, «I think the biggest risk for all countries across the board will be the money laundering aspect and the aspect of currency being used for financing terror.» The crypto industry is echoing the similar voices and said that global regulations are the need of the hour as no country can handle this alone. However, it will not be a cakewalk, they warned.

20.04 / 21:41

Provident Ukraine Needs $5 Billion Monthly to Keep Its Economy Afloat, IMF Chief Says

WASHINGTON—Ukraine estimates it needs $5 billion every month to cover essential government services and keep its economy functioning, raising urgent needs for nations to provide additional funding for the war-ravaged country, the head of the International Monetary Fund said Wednesday.

20.04 / 13:09

Blockchain Digital Platform CBOE services Chicago Board Options Exchange Files Trademark for NFT & Crypto Services

The Chicago Board Options Exchange (CBOE Exchange, Inc. (CBOE)) has filed for a trademark application for CBOE DIGITAL for a non-fungible token (NFT) trademark, attorney Michael Kondoudis announced through a tweet.

20.04 / 11:23

IMF Bitcoin Deal Bukele IMF Deal ‘Dead’ and So Is Bitcoin Bond Issuance, Claim Bukele Critics

The former Governor of the Salvadoran central bank, the Central Reserve Bank, claims that negotiations with the International Monetary Fund (IMF) are “practically dead” – and says investors are “not interested” in the delayed bitcoin (BTC) bonds issuance President Nayib Bukele wants to use to pay for his Bitcoin City project.

20.04 / 06:21

Blockchain Law Bitcoin Agent Smith says Secret Service seized $102M in crypto in 254 cases since 2015

A top official from the U.S. Secret Service (USSS) says the agency can track the flow of Bitcoin and other cryptocurrencies in a similar manner to email addresses, and it has seized more than $102 million in crypto across 254 cases since 2015.

20.04 / 05:47

World Bank Framework India bats for global crypto regulation framework

India has pitched for a global framework to regulate crypto currencies identifying their use in money laundering and terror financing as the biggest risks for all countries. «I think the biggest risk for all countries across the board will be the money laundering aspect and also the aspect of currency being used for financing terror,» finance minister Nirmala Sitharaman said at a discussion on “Money at a Crossroad” hosted by the International Monetary Fund (IMF) in Washington DC. The minister added that no country could handle these alone and they can be only regulated when countries come on board together.

19.04 / 18:09

Highways Biden Administration Restores Stricter Environmental Reviews

WASHINGTON—The Biden administration is restoring stricter environmental standards for approving new pipelines, highways, power plants and other construction projects, including requiring consideration of how such projects might affect climate change.

19.04 / 16:23

IMF Sees Global Economic Slowdown Amid Ukraine War

WASHINGTON—The International Monetary Fund said Tuesday it expects global economic growth to slow significantly this year as the repercussions of the war in Ukraine spread world-wide, a setback for many nations already grappling with the Covid-19 pandemic and rising inflation and interest rates.

19.04 / 15:47

regulation Indian crypto rules Indian minister wants global crypto rules to curtail money laundering risk

Indian Finance Minister Nirmala Sitharaman in her address to the International Monetary Fund called for a global cryptocurrency framework to keep a check on the use of cryptocurrencies for illicit activities.

19.04 / 14:57

Hot Economy, Rising Inflation: The Fed Has Never Successfully Fixed a Problem Like This

The Federal Reserve is setting out to do something it has never accomplished before: reduce inflation a lot without significantly raising unemployment.

19.04 / 14:17

consequences Janet Yellen Faces Challenge to Keep Pressure on Russia, While Addressing Global Consequences

WASHINGTON—How to balance a pressure campaign against Russia with a push to address growing crises like food insecurity will be a central test for Treasury Secretary Janet Yellen and other U.S. officials as they meet this week with their global counterparts.

19.04 / 12:19

regulation SEC crypto sector lawmakers SEC Faces Storm of Criticism from Crypto Sector, Lawmakers over ‘Exchange’ Re-definition Plans

The United States Securities Exchange Commission (SEC) and its Chairman Gary Gensler have received a slew of letters from pressure groups and parliamentarians voicing their concerns about proposed amendments to the Exchange Act, established in the 1930s. The agency plans to expand the legal definition of what an exchange is.

19.04 / 08:35

cryptocurrency Digital financing Biggest Risk Of Crypto Is Laundering, Terror Financing: Finance Minister

Nirmala Sitharaman is in Washington to attend the Spring Meetings with business leaders.

19.04 / 07:57

cryptocurrency Money laundering Finance Minister financing Money laundering and terror financing are biggest risks posed by crypto: Finance minister

Biggest risk of cryptocurrency could be money laundering and its use for financing terror, said Finance Minister Nirmala Sitharaman on Monday.

15.04 / 13:17

regulation SEC US SEC’s Proposal On 'Exchange' Definition Could Be Unconstitutional - Think Tank

A recent proposal by the US Securities and Exchange Commission (SEC) aims to amend the definition of 'exchange' and alternative trading systems (ATSs) in American regulation, but it could instead create “an inappropriately broad standard for registration” that would place unconstitutional restraints on the protected speech of software developers and technologists, according to Washington DC-based crypto think tank Coin Center.

15.04 / 12:09

JPMorgan Citigroup Chase Biden to Nominate Michael Barr as Top Fed Banking Regulator

WASHINGTON—President Biden will nominate Michael Barr, a former Treasury Department official, to serve as the Federal Reserve’s top banking regulator, the White House said, after Mr. Biden’s first pick for the job withdrew amid opposition from Republicans and a key Democratic senator.

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