Government Financial News

26.01 / 03:43

business Government Blockchain Law Adoption SEC us government Lawyers regulatory Crypto lawyers to be in demand as regulatory pressure reaches boiling point

Crypto-versed lawyers will play an increasingly important role in Web3 firms — particularly after the implosion of FTX and the industry braces for regulatory turbulence, two legal academics believe.

25.01 / 01:37

business Government Blockchain Technology coinbase Coinbase stock Surojit Chatterjee to retain 249,315 shares of Coinbase stock after departing company

Surojit Chatterjee, the former chief product officer at Coinbase, will officially leave the company on February 3rd after reportedly making an estimated $105 million in stock sales.

25.01 / 01:37

Government CBDC regulation Job UK gov't is hiring a central bank digital currency lead for Treasury team

HM Treasury in the United Kingdom has begun calling for applicants to lead the central bank digital currency team behind efforts towards a digital pound.

24.01 / 17:15

Government Law Adoption regulation us government Central Bank Cash Winter Olympics Amid crypto winter, central banks rethink in-house digital currencies

Over the last couple of years, numerous reports have surfaced regarding governments worldwide exploring the issuance of their very own central bank digital currency. In fact, to date, nine countries have rolled out an active CBDC offering. In this regard, China’s digital yuan witnessed widespread use during the 2022 Winter Olympics.

20.01 / 09:45

Government Law Ethereum Binance regulation Bitcoin FTX reboot could falter due to long-broken user trust, say observers

Several crypto industry commentators have laid skepticism on FTX CEO John Ray’s vision to potentially reboot the crypto exchange, citing trust issues and “second-class” treatment of customers as some reasons why users may not “feel safe to go back.”

20.01 / 01:45

business Government Blockchain regulation SEC lending us government settlement Nexo agrees to $45M settlement with SEC and NASAA over earn product

Crypto lender Nexo Capital has agreed to pay $45 million in penalties to the United States Securities Exchange Commission (SEC) and The North American Securities Administrators Association (NASAA) for allegedly failing to register the offer and sale of its Earn Interest Product (EIP).

19.01 / 11:57

Government Adoption World Economic Forum Davos NOT Metaverse not the endgame, but 'ongoing digital transformation': Davos 2023

The metaverse has been a buzzword inside and out of the Web3 world over the last year. Moreover, development in the metaverse is something that has remained strong relative to the overall turmoil of the decentralized space.

18.01 / 07:59

business Government Blockchain Bitcoin Bitcoin price rise TUCKER Tucker Carlson outlines wild theory to explain Bitcoin price rise: 'Maximum tin foil'

Controversial Fox news television host Tucker Carlson has proposed a curious conspiracy theory that seeks to link airline delays in the United States and Canada with a surge in the Bitcoin price.

16.01 / 20:51

business Government Metaverse Seoul government opens city's metaverse project to public

The Seoul Metropolitan Government has launched its Metaverse Seoul project, allowing residents of the South Korean capital city to access city services in a virtual environment.

13.01 / 15:25

business Government Court Bitcoin Crypto lender Nexo wants to sue Bulgaria after office raids

Troubled cryptocurrency firm Nexo is planning to sue the Bulgarian government in the aftermath of massive raids at the company’s offices in Sofia.

13.01 / 01:09

Government Congress us house House Republicans US House Republicans plan to establish crypto-focused subcommittee: Report

Republicans in the United States House of Representatives reportedly plan to step up their oversight of the crypto industry with the creation of a new subcommittee.

13.01 / 00:49

business Government Blockchain Investments letter Crypto Community unimpressed by SBF’s lengthy substack letter

The crypto community has voiced their opinions on Sam Bankman-Fried’s latest “pre-mortem overview” of the collapse of FTX, published on Jan. 12 as a letter on substack.

12.01 / 20:15

Government Law Adoption crypto legislation Congress may be ‘ungovernable,’ but US could see crypto legislation in 2023

The United States House of Representatives finally elected a speaker last week, concluding a four-day, 15-ballot ordeal that left many wondering if political gridlock was now the new normal in the U.S., and if so, what the consequences would be.

11.01 / 09:11

Government Law South America Holdings Crypto Holdings Proposed bill in Argentina to encourage citizens to reveal crypto holdings

Argentina’s Ministry of Economy, the country’s economic policy manager, has drafted a bill to encourage Argentines to declare their cryptocurrency holdings with the inducement of discounted tax rates.

10.01 / 23:29

business Government Blockchain Ex-Coinbase manager's brother sentenced to 10 months in insider trading case

The brother of a former Coinbase product manager, Nikhil Wahi, has been sentenced to 10 months in prison for wire fraud conspiracy charges, in what is believed to be the first insider trading case involving cryptocurrency.

09.01 / 15:21

Government regulation Bitcoin Hong Kong wants to become crypto hub despite industry crisis

The government of Hong Kong remains committed to the development of cryptocurrency infrastructure despite the ongoing industry crisis triggered by the FTX collapse.

08.01 / 18:37

Government Africa Bitcoin Bitcoin, Sango Coin and the Central African Republic

In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin (BTC) as a legal tender.

06.01 / 23:45

Government Technology Adoption Bitcoin Strategy El Salvador’s Bitcoin strategy evolved with the bear market in 2022

Cryptocurrency adoption has been on the rise in El Salvador in recent years, with the country becoming the first in the world to adopt Bitcoin (BTC) as a legal tender. This landmark decision has attracted the attention of the global cryptocurrency community and has sparked discussions on the potential benefits and challenges of widespread adoption.

05.01 / 00:11

Government regulation Congress Investigations US Congress investigations into FTX are in limbo without a House Speaker

At the time of publication, the United States House of Representatives was at a historic standstill in its process of choosing a Speaker for the 118th Congress — a quagmire that could lead to lawmakers delaying committee hearings.

04.01 / 22:07

Government Asia Crypto regulation world: How laws for digital assets changed in 2022

Effective regulations are one of the key gateways to cryptocurrency’s mainstream adoption. Due to greater compliance, crypto businesses saw broader acceptance from regulators worldwide. While the crypto ecosystem was awarded countless operational licenses and exposure to new markets, the fall of Terraform Labs, FTX and Celsius, among others, had a negative impact on the industry's reputation with investors and regulators alike.

04.01 / 03:59

business Government Blockchain Ripple regulatory Ripple CEO optimistic about US 'regulatory clarity for crypto'

Ripple's CEO, Brad Garlinghouse, shared in a Jan. 3 Twitter thread he's “cautiously optimistic” about the United States gaining "breakthrough" regulatory clarity for the cryptocurrency industry in 2023.

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