Government Financial News

02.11 / 07:17

Government Asia Singapore bank DBS uses DeFi to trade FX and state securities

DBS Bank, a major financial services group in Asia, is applying decentralized finance (DeFi) for a project backed by Singapore’s central bank.

02.11 / 06:07

business Government BTC miner CleanSpark scoops up thousands of miners amid 'distressed markets'

Sustainability-focused Bitcoin (BTC) mining company CleanSpark has snapped up another 3,843 cryptocurrency miners amid a backdrop of mining industry consolidation.

29.10 / 04:01

Government Law Adoption Sunak UK Prime Minister Rishi Sunak's win was a victory for crypto

A former investment banker turned savvy politician, Rishi Sunak has had an incredibly prolific career in just a short period of time. At only 42, he has served as a member of the United Kingdom’s Parliament, chief secretary to the treasury and chancellor of the exchequer — and now, he’s starting his tenure as prime minister.

27.10 / 05:39

Government regulation Taxes foreign Aussie federal budget reaffirms BTC won’t be treated as foreign currency

The first federal budget under the Anthony Albanese led-government has outlined that Bitcoin (BTC) will continue to be treated as a digital asset, and not taxed like a foreign currency.

26.10 / 23:33

Government Law Banks United Kingdom banks hate crypto, and that's bad news for everyone

In 2018, the United Kingdom’s Financial Conduct Authority (FCA) wrote to the heads of the country’s biggest high street banks to emphasize the importance of due diligence when dealing with crypto businesses. That seems to have led to widespread high-risk ratings and bans on crypto-related banking, impacting both crypto businesses hoping to operate in the U.K. and investors alike.

26.10 / 22:03

Government Law regulation Vietnam's prime minister calls for crypto regulation: Report

Pham Minh Chinh, the prime minister of Vietnam, has reportedly said the country’s government should study crypto regulation in part based on residents continuing to trade digital assets despite their lack of legal recognition.

26.10 / 17:39

business Government Bitcoin strategies Bitcoin miners rethink business strategies to survive long-term

The Bitcoin mining industry continues to face a challenging year as the price of Bitcoin (BTC) hovers below $20,000, coupled with rising energy costs in North America and Europe. Regulators have also recently started clamping down on crypto mining, as a recent report from the Bitcoin Mining Council (BMC) found that Bitcoin has seen a 41% increase in energy consumption year-on-year (YoY). As a result, a number of crypto mining companies have been forced to sell off equipment, while others have filed for bankruptcy.

26.10 / 00:41

Government regulation Bitcoin Transactions Chinese agents used Bitcoin transactions through Wasabi to allegedly bribe US government employee

The United States Department of Justice has announced charges against two Chinese intelligence officers who allegedly bribed a double agent with Bitcoin.

23.10 / 23:17

Government Twitter Bitcoin Celsius users concerned over personal info revealed in bankruptcy case

Crypto lending platform Celsius filed for Chapter 11 bankruptcy on July 13, 2022. Although the Celsius case involves digital assets, it remains subject to United States Bankruptcy Code under the Bankruptcy Court for the Southern District of New York.

19.10 / 10:27

Government Blockchain Adoption Ava Labs Erdoğan Turkey taps blockchain for e-Human project, President Erdoğan announced

Turkish President Recep Tayyip Erdoğan unveiled new details about the e-Human project powered by blockchain ahead of Turkey’s national blockchain summit.

17.10 / 17:44

business Government Law What new EU sanctions mean for crypto exchanges and their Russian clients

Nine months into the conflict between Ukraine and Russia, sanctions against the latter have continued to grow at an aggressive pace. This time around, legislators for the European Union announced that they are introducing a complete ban on all cross-border crypto payments between Russia and its citizens.

17.10 / 03:43

Government Law CFTC SEC CFTC action shows why crypto developers should get ready to leave the US

Considerable anxiety exists in the world of Web3 related to regulation and the legal status of cryptocurrency projects. It’s particularly apparent in the United States, where the Commodity Futures Trading Commission (CFTC) fueled concerns in September with an announcement that it was imposing a $250,000 fine on a decentralized autonomous organization (DAO), Ooki DAO, and its investors. The fine was particularly ominous, considering DAOs are intended to be “regulation proof.”

16.10 / 21:47

Government Law stake KYC to stake your ETH? It's probably coming to the US

Over the last few years, the cryptocurrency industry has been a primary target for regulators in the United States.

16.10 / 11:17

Government CLIMATE CRISIS Photography Killing open Two men open fire at Russian military range in Belgorod, killing 15 and wounding 11

Two men gunned down a group of Russian soldiers on a military firing range in Belgorod on Saturday, killing 11 and wounding 15, Moscow authorities said.

15.10 / 22:04

Government Law Time It’s time for the feds to define digital commodities

This month, the European Union (EU) agreed on the text for a unified licensing regime for cryptocurrency exchanges to operate across the EU bloc as part of its Markets in Crypto Assets Regulation (MiCA). The United States — despite being a traditional global leader in legal frameworks for technological innovation — has not provided that same regulatory clarity.

15.10 / 18:41

Government Nature Mahsa Amini: Protesters in Iran take to the streets once more despite repression

Angry demonstrators took to streets across Iran again Saturday despite more than a hundred casualties and continued harsh pushback, including internet access restrictions, as the protest movement sparked by Mahsa Amini's death in custody entered the fifth week.

14.10 / 22:51

Government SEC The SEC should be aiming at Do Kwon — But it’s getting distracted by Kim Kardashian

In less than a week, Terraform Labs founder Do Kwon’s passport will expire. Interpol issued a red notice for Kwon last month, and this month, his assets were reportedly frozen by the South Korean government.

13.10 / 20:03

Government Blockchain regulation UK gov't introduces bill to digitize trade documents — potentially traced using blockchain

Members of the United Kingdom’s House of Lords have introduced legislation aimed at eliminating the need for paper trade documents, increasing the likelihood of using blockchain technology to trace records.

06.10 / 14:29

Government Blockchain Binance Asia services Kazakhstan grants Binance permanent license to offer digital asset services

After a build-up of multiple memorandums of understanding (MoU) and an initial “in-principle” approval to operate in Kazakhstan, Binance received a permanent license to operate in the country.

05.10 / 13:09

Government NASDAQ SEC Bitcoin Nasdaq needs clear regulations to launch crypto exchange, says VP

Nasdaq, the American stock exchange, has no immediate plans of launching a crypto exchange until there’s better regulatory clarity from policymakers, said Tal Cohen, the company’s executive vice president.

04.10 / 06:05

Government Blockchain Stablecoin Tether Tether commercial paper exposure now under $50M, says CTO

Stablecoin issuer Tether (USDT) has nearly completely slashed its commercial paper holdings, with less than $50 million worth of commercial paper units as of Sept. 30, 2022.

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