Government Financial News

05.03 / 17:47

business Government Blockchain Technology Adoption Environment Energy Can blockchain help combat climate change?

With rising temperatures, melting ice caps and more frequent and intense extreme weather events, the effects of climate change are becoming more and more obvious. There is an urgent need to prevent climate change, and numerous technologies and methods are being investigated to do so. Blockchain technology is one of these possibilities, and it has the potential to be very effective in the fight against climate change.

03.03 / 17:57

business Government Adoption Investments movie Wall Street Top 7 Wall Street movies you must watch

Wall Street movies offer insightful perspectives into the worlds of business, finance and power. They also emphasize how vital creativity, risk-taking and tenacity are to success. Viewers can learn more about the financial sector and its effects on society by watching these films. They can also serve as a source of encouragement and inspiration for people wishing to pursue a profession in business or finance.

01.03 / 09:51

business Government Blockchain Adoption us government Federal Reserve US lagging on CBDCs could spell ‘trouble’ — Crypto Council policy head

A cryptocurrency researcher and former CIA analyst believes the United States government’s relatively slow start on Central Bank Digital Currency (CBDC) development may result in it losing grip on controlling the global financial system.

01.03 / 00:47

business Government Law regulation Bitcoin Regulation Crypto Policy Coinbase launches grassroots campaign for pro-crypto policy in the U.S.

Coinbase has launched a grassroots political campaign to promote pro-crypto policies, according to a Feb. 28 Twitter thread from the company.

27.02 / 17:33

business Government Binance regulation SEC security us government Is the SEC’s action against BUSD more about Binance than stablecoins?

Binance branded stablecoin, Binance USD (BUSD), is a dollar-backed stablecoin issued by blockchain infrastructure platform Paxos Trust Company, and is the third largest stablecoin after Tether’s (USDT) and Circle’s USD Coin (USDC).

26.02 / 19:21

Government Adoption regulation G20 Central Bank crypto framework Framework FSB, IMF and BIS papers to set global crypto framework, says G20

The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, announced on Feb. 25 the group of the 20 biggest economies of the world, collectively known as G20.

25.02 / 17:11

Government Law Adoption regulation Europe European Union Bitcoin Regulation new cryptocurrency The limitations of the EU’s new cryptocurrency regulations

The final vote on the European Union’s much-awaited set of crypto rules, known as the Markets in Crypto Assets (MiCA) regulation, was recently deferred to April 2023. It was not the first delay — previously the European lawmakers rescheduled the procedure from November 2022 to February 2023.

25.02 / 00:37

Government Law regulation Web3 us government Bitcoin Regulation Change lies ahead for haphazard crypto regulation

The World Wide Web, as its name implies, is borderless, and so is crypto. The internet and cryptocurrency’s common ethos is wide-open communication and exchange, unimpeded by national boundaries. On the ground, however, as crypto has become a more significant player in the financial system, nations have begun to consider issues of sovereignty and regulation. While many countries have so far remained open to crypto, others have restricted its use or outright banned it. The same reason that some have advocated for crypto and blockchain technology — as a means of revolutionizing the international financial system — has alarmed plenty of world leaders.

24.02 / 18:05

Government Adoption Investments us government Pensions Retirement Bitcoin retirement plans elicit caution from regulators

Even as the crypto market continues to forge an impressive recovery from the 2022 bear market, the industry continues to attract the wrath of regulators worldwide, especially in the United States. Three U.S. financial watchdogs recently issued stern warnings to individuals looking to invest in retirement funds offering exposure to digital assets.

23.02 / 04:17

business Government Web3 Funding exchanges Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3

Cryptocurrency exchange Gate.io is gearing up to launch a presence in Hong Kong following the local government's planned $6.4 million (50 million Hong Kong dollar) cash injection into Web3 as per the city’s 2023-24 budget.

23.02 / 01:19

Government Law regulation SEC us government NOT Gary Gensler’s SEC is playing a game, but not the one you think

On Feb. 13, a federal judge put the Securities and Exchange Commission and the Commodity Futures Trading Commission cases against former FTX CEO Sam Bankman-Fried on hold. You’ll be forgiven if you missed this story — headlines and social media were dominated by the breaking news that the SEC was suing crypto firm Paxos for minting Binance’s stablecoin, Binance USD (BUSD).

23.02 / 00:49

markets business Government Blockchain Technology Mining Web3 Costs Enterprise blockchain is transforming business operations and reducing costs — Web3 exec

Blockchain technology is often a valuable tool in solving various business challenges due to its ability to create secure, trusted, transparent data sources, and it has gained traction across various industries as businesses seek efficiency and cost reductions.

22.02 / 22:11

Government Law regulation FTC announces investigation into Voyager’s ‘deceptive and unfair marketing’ of crypto

The United States Federal Trade Commission said it had started an investigation of crypto lending firm Voyager Digital parallel to the company’s bankruptcy proceedings.

20.02 / 00:53

Government Adoption regulation Africa Zambia tests technology for crypto regulation, says minister Mutati

Bank of Zambia and the country's securities regulator are "testing technology" to enable the regulation of cryptocurrencies, said Technology and Science minister Felix Mutati on the ministry's website. The country's move aims to "achieve an inclusive digital economy."

17.02 / 19:31

Government Adoption SEC security Kraken us government SEC vs. Kraken: A one-off or opening salvo in an assault on crypto?

In a year of crypto upheavals, the United States Securities and Exchange Commission’s settlement with crypto exchange Kraken, announced on Feb. 9, set off yet another tremor. Agency chief Gary Gensler took to mainstream media last week to explain the agency’s action, which seemed to be an attack on crypto staking — part of the validation mechanism used by a number of blockchain platforms, including Ethereum, the world’s second-largest network.

16.02 / 01:27

Government Law regulation SEC Kraken us government The SEC shook Kraken down for $30M, but it doesn't mean they had a case

The settlement between Kraken (Payward Ventures) and the United States Securities and Exchange Commission set off alarm bells in the crypto community this month. Apparently, Kraken — one of the most compliance-minded crypto exchanges in existence — decided to buy its peace rather than fight with the SEC for years over whether it was offering unregistered “securities” through its staking program. The nature of the settlement is that Kraken neither admitted nor denied the SEC’s allegations, and the existence of the settlement, technically speaking, cannot be used as legal precedent for any argument either side of the issue might present.

15.02 / 15:43

Government Adoption Bitcoin open El Salvador to open a ‘Bitcoin Embassy’ in the United States

The world’s biggest cryptocurrency, Bitcoin (BTC), is connecting more countries as the government of El Salvador is opening a “Bitcoin Embassy” in the United States.

15.02 / 02:01

business Government Law SEC Gold Dollar Binance CEO: crypto industry will probably move to non-dollar stablecoins

The crypto industry will “probably” start using euro, yen, or Singapore dollar based stablecoins in the future, reducing its reliance on US dollar based stablecoins, according to a Feb. 14 statement on Twitter Spaces by Binance CEO Changpeng Zhao, also known as “CZ.”

14.02 / 23:00

Government Law regulation SEC us government Expect the SEC to use its Kraken playbook against staking protocols

The United States Securities and Exchange Commission (SEC) settledwith Kraken on Feb. 9 for an action taken against the exchange’s staking rewards program. Kraken paid a $30 million fine and agreed to halt the program.

14.02 / 22:59

markets business Government Blockchain Technology Investments Funding Digital Asset Provider Raises $65M in Series B Led by Credit Suisse

Taurus, a digital asset infrastructure provider for financial institutions in Europe, has raised $65 million in a Series B capital raise led by Credit Suisse. The funding round also saw participation from several other institutional investors, including Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.

12.02 / 17:15

business Government Blockchain Technology Adoption Banks Monetary policy: Definition, types and tools

Monetary policy refers to the actions taken by a central bank or monetary authority to manage the supply of money and interest rates in an economy, with the aim of promoting economic growth and stability. To affect the price and accessibility of credit, this may entail altering the money supply, setting interest rates or utilizing other instruments.

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