Government Financial News

26.03 / 13:23

business Government Blockchain Technology Adoption economics Bitcoin How does the economy work?

The economy is a complex system of production, distribution, and consumption of goods and services. Understanding how the economy works can be challenging, but it is essential for making informed decisions about personal finance, investing and public policy.

26.03 / 06:13

Government Adoption Venture Capital Bitcoin businesses Businesses should hold two payrolls 'worth of cash' in crypto: Tim Draper

American venture capital investor and entrepreneur Tim Draper advised founders to keep at least two payrolls worth of cash in Bitcoin (BTC) or alternative cryptocurrencies,in response to the uncertainty created by the collapse of Silicon Valley Bank (SVB).

25.03 / 15:35

business Government Blockchain Technology Law Adoption Bitcoin What is fiscal policy, and why does it matter?

Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how it works, and why it is important.

25.03 / 02:59

Government regulation Trading us government white house AIM White House report takes aim at Bybit — and forgot about Deribit

The White House released its annual economic report on March 20, and it dedicated an entire section to digital assets.

24.03 / 16:49

Government Law regulation us government Bitcoin approved How Montana stands to benefit if its pro-crypto mining bill is approved

The Montana Senate recently passed a bill designed to protect crypto miners operating within the state. The proposed law, which is currently making its way through the state's House of Representatives, seeks to protect both individual and commercial miners in Montana against discriminatory laws by scrapping some of the rules that have the potential to undermine their operations.

24.03 / 01:13

Government Stablecoin CBDC regulation privacy Future The world could be facing a dark future thanks to CBDCs

During the financial crisis of 2007–2008, many people lost trust in traditional financial institutions and turned to alternative forms of currency, such as cryptocurrencies. It was a way for people to maintain their financial freedom and privacy in a system that had let them down. However, the rise of central bank digital currencies (CBDCs) raises serious concerns about privacy and freedom.

23.03 / 16:13

Government Law regulation us government Bitcoin reform Crypto reform coming to US in 2023, says former White House chief of staff

In the United States, crypto reform legislation isn’t the province of a single political party, and that’s why a former U.S. Congressman, who also played a prominent role in the Trump administration, believes that passage of a federal “digital assets” law this year is a real possibility.

23.03 / 00:13

business Government Blockchain Technology Digital Currency Web3 Decentralization lawmakers Influencer French lawmakers propose ban on crypto influencer promotions

French lawmakers have proposed a ban on the promotion of certain financial products and services by electronic means, including crypto assets, in order to protect consumers from potential risks.

23.03 / 00:13

Government regulation Congress lawmakers US lawmakers US lawmakers reiterate concerns about 'sham' crypto firm audits to PCAOB

United States Senators Elizabeth Warren and Ron Wyden have cited the recent collapse of three major banks to call on the Public Company Accounting Oversight Board to “rein in” audits of crypto firms.

22.03 / 15:01

Government Adoption Banks Decentralization Decentralized Finance Bitcoin Tim Draper sings a Bitcoin song dedicated to SVB and world governments: PBW 2023

American venture capital investor and entrepreneur Tim Draper took the master stage at Paris Blockchain Week 2023 to give his keynote speech on, “The Decentralization of Everything" which he ended with a self-composed Bitcoin song.

21.03 / 23:19

Government Law regulation lawmaker resolution Texas lawmaker introduces resolution to protect Bitcoin miners and HODLers

Cody Harris, a member of the Texas House of Representatives, has introduced a resolution aiming to have the legislature say the “Bitcoin economy is welcome” in the state.

21.03 / 20:57

Government regulation CryptoUK calls on regulators to address de-banking of digital asset firms

The self-regulatory trade association CryptoUK has proposed providing a ‘white list’ of registered firms in the United Kingdom to address banks limiting or banning transactions to crypto companies.

21.03 / 18:31

Government Law privacy us government Congress Congressional privacy proposals could kill scores of blockchain projects

With public trust in large tech companies at an all-time low, Congress is once again considering comprehensive data privacy legislation. But the rise of blockchain technologies and the nascent decentralized web mean that these comprehensive proposals are already behind the times. Without major revisions, these legislative proposals risk strangling decentralizing technologies in the cradle.

19.03 / 14:31

business Government regulation us government FTX Court SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse

Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down around allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Long before FTX collapsed, an allegedly leaked email exchange with a top regulator shows SBF’s intent to get the exchange federally regulated.

19.03 / 11:07

Government regulation us government Bitcoin Dollar Financial Peter Schiff blames ‘too much gov't regulation’ for worsening financial crisis

The recent fall of major banks in the United States and the need for federal intervention reignited discussions to identify the most effective ways to safeguard the crumbling economies. Comparing the episode to the financial crisis of 2008, prominent economist Peter Schiff found that increasing banking regulations contribute to the worsening financial crisis.

13.03 / 15:07

business Government Stablecoin Banks banking Usd Coin BNY Circle taps Cross River as banking partner, expands ties with BNY Mellon

Circle has revealed that Cross River Bank — recognized for its services to fintech and crypto firms like Visa and Coinbase — is now its new commercial banking partner for producing and redeeming USD Coin (USDC).

10.03 / 20:25

business Government Banks Bitcoin Regulation Silicon Valley Bank shut down by California regulator

Silicon Valley Bank, a major financial institution for venture-backed companies, was shut down by California’s financial watchdog on March 10 — marking the first Federal Deposit Insurance Corporation-insured bank to fail in 2023.

10.03 / 00:49

Government Stablecoin CBDC Adoption UK government Future Time CBDCs threaten our future, so it’s time to take a stand

If the development of blockchain technology was a financial revolution, central bank digital currencies (CBDCs) are the counter-revolution. Their development has intensified in 2023 across the globe, and it’s now more important than ever for the world to know what could lay behind the acronym.

07.03 / 20:39

Government Law regulation Congress lawmakers US lawmakers US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report

A group of United States lawmakers is reportedly planning to reintroduce legislation to change the reporting requirements for certain taxpayers involved in crypto transactions.

06.03 / 20:31

Government Law regulation SEC us government lawmakers Lawmakers should check the SEC’s wartime consigliere with legislation

When Michael Corleone ordered hits on rival bosses in The Godfather, he had Don Cuneo locked inside a revolving door and shot. Getting whacked while trapped behind a barred door appears to be the treatment United States Securities and Exchange Commission Chair Gary Gensler has in mind for U.S. crypto projects based on recent SEC enforcement activity and comments by the chair.

06.03 / 07:29

Government Blockchain regulation Bitcoin Regulation Bitcoin crypto legislation Internal documents reveal Australia’s potential timeline for crypto legislation: Report

Crypto legislation in Australia could be dragged out past 2024 and beyond, with the government seemingly wanting to take its time in order to get a full picture of the industry, internal documents from the government have revealed.

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