Government Financial News

08.12 / 10:03

business Government Stablecoin us government Terra Classic Fried FTX's Bankman-Fried to face market manipulation probe, Do Kwon chimes in

United States federal prosecutors have reportedly begun investigating whether the collapse of the Terra ecosystem was in fact triggered by market manipulation tactics by former FTX CEO Sam Bankman-Fried.

07.12 / 16:39

Government regulation Bitcoin Bank of Russia wants to ban miners from selling crypto to Russians

The Russian central bank continues to maintain an extremely negative stance on cryptocurrencies, proposing to ban local miners from selling coins to local people.

07.12 / 06:11

Government CFTC SEC Senate Crypto will be regulated as securities — ICE boss and Senator Warren

Most cryptocurrencies are likely to be regulated as securities in the United States according to the CEO of Intercontinental Exchange Inc (ICE), Jeffrey Sprecher, and Senator Elizabeth Warren.

07.12 / 01:13

Government Law Adoption Cryptocurrency has become a playground for fraudsters

News involving crypto and fraud is ubiquitous in the white-collar crime sphere and, perhaps more worryingly, these fraudulent activities in the crypto sector are not limited to a single type of crime.

07.12 / 00:05

Government Law regulation South America Paraguay's legislature fails to reverse presidential veto on crypto regulation law

The Chamber of Deputies, the lower house of Paraguay's bicameral legislature, failed to move forward on a bill aimed at promoting crypto mining through the use of surplus electricity following a veto from President Mario Abdo Benítez.

06.12 / 09:41

Government regulation Senate A loophole allowed FTX to secure its Aussie license without full checks: ASIC's Longo

Joseph Longo, the chairman of the Australian Securities and Investments Commission (ASIC) is calling for a regulatory loophole to be closed that allowed FTX to acquire an Australian Financial Services License (AFSL) in the country without the full suite of checks.

06.12 / 05:49

business Government Blockchain Bitcoin Kentucky to scrutinize contracts offering cheaper electricity to miners

The Kentucky Public Service Commission (PSC) has reportedly opened a formal investigation into two proposed contracts that would offer discounted electricity prices to new crypto-mining operations.

05.12 / 21:57

Government Law National Treasury officials would have done more for national security by leaving Tornado Cash alone

One of the most powerful moments in a new crypto user’s journey happens the first time they send a sizable amount of money to their private wallet. It’s an awe-inspiring, serious moment — and it’s a little scary to experience the power and personal responsibility of the technology firsthand with your own real money.

05.12 / 20:45

Government Technology regulation Investments regulatory Malta prepares to revise regulatory treatment of NFTs

The Malta Financial Services Authority (MFSA) is currently reviewing requests to revise the “regulatory treatment” of Non-Fungible Tokens (NFTs) within its Virtual Financial Assets Framework.

05.12 / 17:51

Government Law Adoption regulatory Brazilian crypto industry gets regulatory clarity amid global uncertainty

As the global crypto community is still licking its wounds from the FTX collapse, a liquidity crisis continues to spread around centralized exchanges and decentralized finance (DeFi) alike.

04.12 / 19:05

Government Adoption SEC Regulators face public ire after FTX collapse, experts call for coordination

2022 is nearing an end and might go down as one of the most eventful years for the crypto industry owing to the prolonged winter that had wiped more than 70% of the market cap from the top and the barrage of crypto firms imploding. This was mainly due to internal mismanagement and unchecked decision-making process.

01.12 / 22:23

Government regulation Investments Bitcoin Italy to impose 26% capital gains tax on crypto profits

Italy is planning to tighten regulations on digital currencies by expanding its tax laws to include cryptocurrency trading in 2023, according to budget documentation released on Dec. 1.

30.11 / 17:13

business Government regulation Singapore’s Temasek sees ‘reputational damage’ due to FTX, official says

Singapore government-owned investment firm Temasek has suffered a lot more than just financial losses due to investing in FTX, according to Deputy Prime Minister Lawrence Wong.

30.11 / 17:01

Government Adoption Europe Bitcoin European Central Bank blasts Bitcoin —community responds

In light of the recent FTX collapse and liquidity scandal, regulators in the European Union have joined other global lawmakers in a push for more clear guidelines and regulations on cryptos.

29.11 / 13:33

Government Blockchain Central Bank National National Bank of Ukraine releases draft concept for digital hryvnia

The National Bank of Ukraine (NBU) has introduced a draft concept for its central bank digital currency (CBDC) candidate digital hryvnia, or e-hryvnia.

29.11 / 06:15

Government Blockchain Twitter Bitcoin Calls for regulation get louder as FTX contagion continues to spread

Crypto executives and politicians are becoming louder in their calls for crypto regulation as the aftermath of the FTX collapse continues to reverberate through the industry.

26.11 / 20:35

Government ETF Bitcoin bitcoin etfs Canada crypto regulation: Bitcoin ETFs, strict licensing and a digital dollar

In October, Toronto-based Coinsquare became the first crypto trading business to get dealer registration from the Investment Industry Regulatory Organization of Canada (IIROC). That means a lot as now Coinsquare investors’ funds enjoy the security of the Canadian Investment Protection Fund in the event of insolvency, while the exchange is required to report its financial standing regularly.

26.11 / 01:19

business Government Blockchain Investments the bahamas Trouble in the Bahamas following FTX collapse: Report

Following the collapse of crypto exchange FTX, which was headquartered in the island nation of Bahamas, Bahamians are reportedly still trying to find a way to make sense of everything, while remaining optimistic about the future.

25.11 / 11:21

Government regulation Asia Bitcoin Crypto licenses Uzbekistan issues first crypto licenses to two local ‘crypto stores’

As Uzbekistan prepares to adopt a new cryptocurrency framework in 2023, the Uzbek regulators have started issuing regulatory approvals to local crypto service providers.

24.11 / 11:29

Government Law Central Bank Russia intends to launch a ‘national crypto exchange’

Russian lawmakers are working on amendments to launch a national crypto exchange. This effort is reportedly supported both by the Ministry of Finance and the Central Bank of Russia which have a long history of disagreement over crypto regulation in the country.

21.11 / 17:19

Government Blockchain Election tally: Does blockchain beat the ballot box?

In October, Greenland was reported to be exploring the feasibility of an online voting platform for its national elections. Among the options being considered is a blockchain-based system.

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