Government Financial News

09.02 / 23:21

business Government regulation SEC Banks Banks under pressure from U.S. authorities to cut ties with crypto firms

United States authorities appear to be resurrecting past techniques to crack down on crypto firms and banks offering services to the industry, several sources told Cointelegraph.

09.02 / 19:59

Government Law the bahamas New Hampshire could become an alternative for crypto firms moving to the Bahamas

New Hampshire is on the verge of becoming a national leader in cryptocurrency if its legislature follows through on recommendations made by a commission appointed by Governor Chris Sununu. The recommendations would establish a legal framework for blockchain and crypto businesses in the state, providing clarity and certainty to entrepreneurs and regulators while avoiding the onerous and largely pointless special rules federal regulators and members of Congress want to impose on the industry. The proposed rules would also protect consumers, depositors and investors.

09.02 / 17:15

Government Law Adoption regulation SEC security us government Crypto and securities: New interpretation of US Howey test gaining ground

The crypto community celebrated a victory in court on Jan. 30 when the United States Securities and Exchange Commission (SEC) admitted in the remedies hearing of the LBRY case that secondary sales of its LBC coin were not securities sales. John Deaton, who represents Ripple in court in the SEC’s case against it, was so excited that he created a video for his Twitter-hosted CryptoLawTV channel that evening.

09.02 / 01:31

Government regulation Senate hearing Crypto Council for Innovation GC to testify at US Senate 'crypto crash' hearing

United States lawmakers with the Senate Banking Committee have announced three witnesses scheduled to appear before a hearing scheduled on Feb. 14.

08.02 / 18:51

Government Law Adoption regulation Drugs us government Congress Crypto and psychedelics: Clarifying regulations could help industries grow

This year, investors are watching for big spikes in biotech companies working with psychedelics, especially as the once-controversial compounds return to the spotlight touting mental health benefits — and uniting lawmakers at the United States Capitol across party lines.

08.02 / 09:57

Government Stablecoin regulation Altcoin Terra South Korean officials traveled to Serbia to find Do Kwon

The hunt for the controversial founder of the now-collapsed Terra ecosystem, Do Kwon, has intensified with South Korean officials reportedly confirming they sent at least two people to Serbia to track him down.

07.02 / 05:39

business Government Blockchain UK government Bitcoin Jail Crypto firms could face 2 years jail for breaching UK advertising laws

Newly proposed advertising rules in the United Kingdom could potentially see executives of crypto firms face up to two years of prison for failing to meet certain requirements around promotion, according to the U.K. financial watchdog.

06.02 / 22:55

Government Law defi Tokens us government Did dYdX violate the law by changing their tokenomics?

On Jan. 24, the dYdX Foundation, the entity responsible for the dYdX decentralized crypto exchange, announced “changes” to its tokenomics — the way it distributes tokens to early investors, employees and contractors, and, of course, the public.

05.02 / 17:03

business Government Blockchain Technology Adoption Banks Bitcoin global economy Financial What is the global financial crisis and its impact on the global economy

When the financial system or the economy as a whole undergoes a rapid and large decline, it is said to be in a financial crisis. Financial assets like stocks, bonds, and real estate often see a sharp and significant decline in value during financial crises. They can also be identified by a decline in credit availability and a loss of faith in financial institutions like banks.

04.02 / 17:19

business Government Law us government Taxes Bitcoin strategies Tax strategies allow crypto investors to offset losses

2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022.

04.02 / 00:01

Government CFTC regulation CFTC head looks to new Congress for action on crypto regulation

Rostin Behnam, chair of the United States Commodity Futures Trading Commission, or CFTC, has said he will be continuing efforts for the agency to regulate non-security tokens.

03.02 / 22:17

Government regulation FTX Congress hearing US Congress to hold ‘crypto crash’ hearing on Feb. 14

United States lawmakers with the Senate Banking Committee have scheduled a second hearing exploring the impact of a crypto market crash.

03.02 / 08:33

business Government Blockchain Adoption regulation Scams Australia bolsters crypto watchdogs in ''multi-stage' plan to fight scams

The Australian government is bolstering its market regulator's digital asset team as part of a “multi-stage approach” aimed at clamping down on crypto and ensuring proper risk disclosures from crypto firms.

03.02 / 00:31

Government Stablecoin Adoption defi regulation Europe Euro approved Euro stablecoin launched in Finland, claims to be first approved in the EU

Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.”

02.02 / 22:43

Government NFT regulation Web3 DAO Support Japanese Prime Minister says DAOs and NFTs help support government’s 'Cool Japan' strategy

Fumio Kishida, the Prime Minister of Japan, has come out in support of blockchain as a potential solution for technological issues facing the country.

02.02 / 17:05

Government regulation IRS us government Taxes Bitcoin Mind What crypto hodlers should keep in mind as tax season approaches

Filing taxes for cryptocurrency can be a confusing and daunting task for many individuals. The United States Internal Revenue Service (IRS) treats cryptocurrency as property subject to capital gains taxes. Knowing this appears to make filing crypto taxes simple, but crypto’s unique nature means there are many unanswered questions.

02.02 / 08:39

markets Government Law Adoption Digital Currency regulation SEC moody’s regulatory Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s

Recent charges brought against Mango Markets exploiter Avraham Eisenberg will have a positive impact on the decentralized finance (DeFi) space, according to credit rating firm Moody’s.

01.02 / 00:47

business Government Blockchain Technology security us government Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program

Blockchain solutions provider SIMBA Chain has been selected for a $30 million Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF). The initiative is focused on identifying and advancing technologies that could secure the future dominance of the U.S. Air Force.

30.01 / 20:59

Government Law NFT Europe European Union UK government Opinion: Should Bored Ape buyers be legally entitled to refunds?

Should people who purchase nonfungible tokens (NFT) be entitled to refunds if they decide they don’t like their digital pictures? Some Europeans are beginning to make that case under a 25-year-old law.

28.01 / 17:07

Government Law Adoption regulation Trading Celsius fall NOT Genesis Capital’s fall might transform crypto lending — not bury it

Is crypto lending dead, or does it just need better execution? That’s a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed the demise of other prominent crypto lenders, including Celsius Network and Voyager Digital in July 2022, and BlockFi, which filed for Chapter 11 bankruptcy protection in late November 2022.

28.01 / 05:03

Government Blockchain us government integration California DMV to digitize car title management system via Tezos

The California Department of Motor Vehicles (DMV) is testing out the digitization of car titles and title transfers via a private Tezos blockchain.

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