Government Financial News

05.05 / 10:37

Government Adoption Digital Currency regulation Reserve Bank of Zimbabwe Backed Zimbabwe sets price to sell gold-backed digital tokens

Zimbabwe’s central bank has set a price for its gold-backed digital tokens. The country is planning to sell its gold-backed digital currency to investors starting May 8. The tokens will be sold at a minimum price of $10 for individuals and $5,000 for corporations and other entities.

04.05 / 21:35

Government regulation us government white house AML Digital Asset KYC New White House standards strategy could have implications for crypto industry KYC

The administration of United States President Joe Biden released a national standards strategy for critical and emerging technologies on May 4. The strategy stated that the United States would prioritize standards development in eight areas. Among the prioritized areas are “digital identity infrastructure and distributed ledger technologies, which increasingly affect a range of key economic sectors.”

03.05 / 19:39

Government regulation Social Media Europe European Union French Senate proposal would allow influencers to promote cryptocurrency

The French Senate’s Committee on Economic Affairs recently approved an amendment to pending legislation allowing registered cryptocurrency companies to hire social media influencers for advertising and promotional purposes.

03.05 / 14:35

Government Law Adoption regulation privacy Decentralized Exchange Decentralization US regulators Will compromise on anonymous crypto appease US regulators, spur adoption?

Cryptocurrencies were designed to be anonymous or pseudonymous, so there is an inherent tension when protocols come up against jurisdictional authorities.

03.05 / 02:37

business Government inflation Betting Bitcoin Dollar Balaji pays out his crazy $1M Bitcoin bet, 97% under price target

A $1 million Bitcoin (BTC) price bet has been closed out 97% under its target price, with its backer Balaji Srinivasan choosing instead to donate a total of $1.5 million to three different entities as a settlement.

02.05 / 15:11

Government regulation policies NOT British MP Lisa Cameron is 'not invested personally' in crypto but advocates for regulation

Lisa Cameron, a Member of Parliament in the United Kingdom since 2015, may not have used the Bitcoin Lightning Network in her time as a lawmaker, but spends a lot of her time in office focused on digital assets.

02.05 / 13:41

Government Law Adoption SEC coinbase Kraken Crypto Staking boost SEC crackdown on crypto staking in the US could boost decentralization

The Ethereum network underwent the successful Shapella hard fork on April 12, allowing validators to withdraw their long-staked Ether (ETH) from the Beacon Chain after three years. In the first week of withdrawals, more than a million ETH was unstaked by validators.

01.05 / 16:05

Government Law Adoption SEC Congress Us Crypto Regulation hearing What the Gensler hearing means for US crypto regulation and policy

Gary Gensler, the United States Securities Exchange Commission (SEC) chair, recently appeared before the U.S. House of Representatives Financial Services Committee for a hearing regarding his leadership of the regulatory agency.

01.05 / 10:29

Government Law Adoption regulation Europe European Union Euro Liechtenstein adapts blockchain laws to developing crypto landscape

The blockchain and crypto industry is constantly growing and changing around the world, and the Principality of Liechtenstein is no exception.

28.04 / 04:05

Government CFTC regulation Court Bitcoin penalty fraud case CTFC wins record $3.4B penalty payment in Bitcoin-related fraud case

A record-breaking $3.4 billion penalty has been handed down by a Judge in a lawsuit brought by a United States financial regulator involving a fraudulent scheme involving Bitcoin (BTC).

27.04 / 17:01

business Government regulation Trading Europe Belgian crypto platform Bit4You suspends operations after CoinLoan halts activity

Belgian cryptocurrency trading platform Bit4You has suspended all operations, including withdrawals, amid an insolvency investigation of one of its key partners.

27.04 / 13:21

Government Law Adoption regulation us government Utah DAO Act: How the law was made and what it means for decentralized business

In March, the Utah State Legislature passed the Utah DAO Act, granting legal recognition and limited liability protections to decentralized autonomous organizations (DAO) in the state.

26.04 / 21:35

Government Law privacy us government Congress Senate 2024 Elizabeth Warren wants the police at your door in 2024

In 2022, Massachusetts Senator Elizabeth Warren authored a bill that would require cryptocurrency wallet providers to comply with bank Anti-Money Laundering rules. No crypto exchanges, mind you, but the wallets themselves. Kansas Senator Roger Marshall joined her on the proposal as a co-sponsor.

26.04 / 20:45

Government Law Stablecoin regulation Trading regulatory South Korea’s sweeping crypto bill passes first regulatory hurdles

South Korean legislators passed a first phase review of proposed regulations that would give the nation’s Financial Services Commission authority to investigate and supervise financial activity related to “digital assets,” including cryptocurrency.

25.04 / 17:53

business Government Europe European Union AI companies EU data watchdog warns of ‘hell on Earth’ scenario for US AI companies

Europe’s data watchdog, Wojciech Wiewiórowski, predicts a sour predicament for United States-based artificial intelligence (AI) companies currently being investigated for alleged GDPR violations.

24.04 / 22:13

Government Stablecoin regulation Draft bill suggests separating legislation on payment stablecoins and digital asset markets

Republican lawmakers with the United States House Financial Services Committee have released a draft of a bill focused on payment stablecoins rather than overseeing other aspects of digital asset markets.

24.04 / 16:27

business Government regulation Machine Learning ChatGPT OpenAI’s CTO says government regulators should be ‘very involved’ in regulating AI

Mira Murati, the chief technology officer at OpenAI, believes government regulators should be “very involved” in developing safety standards for the deployment of advanced artificial intelligence models such as ChatGPT.

24.04 / 11:35

Government Adoption NFT Decentralization Mainstream National Romania plugs into Web3 with national NFT marketplace

Romania’s National Institute for Research and Development in Informatics (ICI Bucharest) aims to drive Web3 adoption in the country with the launch of an in-house nonfungible token trading platform.

23.04 / 09:11

Government CBDC Adoption Payments regulation Chinese city public servants to receive digital RMB salaries from May

A notice issued by authorities governing the Chinese city of Changshu stated that all civil servants in its jurisdiction will be paid their full salaries in digital RMB or digital yuan from May 2023.

17.04 / 13:05

business Government Law Adoption Binance exchanges Bitcoin Price Peer-to-peer crypto exchanges struggle to navigate shifting legal landscape

A peer-to-peer (P2P) cryptocurrency exchange is an online marketplace that connects buyers and sellers of cryptocurrencies like Bitcoin (BTC). The platform enables them to conduct direct business with one another without the need for intermediaries.

15.04 / 15:47

Government Ethereum Adoption regulation us government Open Source Bitcoin Fight between crypto and governments “just getting started”, says ShapeShift CEO

Despite the unprecedented regulatory pressure that crypto has been facing recently in the United States, the fight between the American government and the crypto industry has just started, believes ShapeShift CEO Erik Voorhees.

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