Government Financial News

04.10 / 00:21

Government CFTC SEC lawmakers US Treasury recommends lawmakers decide which regulators will oversee crypto spot market

Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation to determine which “rulemaking authority” will be responsible for regulating parts of the crypto spot market.

03.10 / 19:25

Government Law regulation Japanese prime minister says gov't investment in digital transformation will include Metaverse, NFTs

Fumio Kishida, the prime minister of Japan since 2021, has said the government will be making efforts to promote Web3 services, including those dealing with nonfungible tokens, or NFTs, and the Metaverse.

30.09 / 05:01

Government Law Europe Us Crypto Regulation The 'Brussels Effect' wields real influence over US crypto regulation

The right to privacy is enshrined in many legal traditions around the world. In the United States, it’s protected by the Fourth Amendment; in the European Union, it falls under Article 8 of the European Convention for Human Rights. While definitions differ between jurisdictions, most of us have a right to a reasonable expectation of privacy for our correspondence, in our homes and about our persons.

30.09 / 05:01

Government Binance education Lack of ‘qualified people’ without more Web3 education, say academics

Australian blockchain academics and educators have called for more robust Web3 education in schools, preparing students for a world that will be dominated by blockchain technology.

29.09 / 19:41

markets Government Interest rates Bitcoin US Treasury yields are soaring, but what does it mean for markets and crypto?

Across all tradeable markets and currencies, U.S. Treasuries — government bonds — have significant influence. In finance, any risk measurement is relative, meaning, if one insures a house, the maximum liability is set in some form of money.

29.09 / 16:41

Government defi regulation Ooki DAO members explore options in response to CFTC lawsuit

Members of the decentralized autonomous organization (DAO) called Ooki DAO have started looking into an appropriate response to the charges filed by the United States Commodities Futures Trading Commission (CFTC).

29.09 / 13:39

Government Bitcoin Kazakhstan ready to legalize crypto as Russians flock to the country

Kazakhstan is ready to legalize a mechanism for converting cryptocurrencies to cash if there is demand, said President Kassym-Jomart Tokayev, per local news agency Informburo on Sept. 28.

29.09 / 02:49

Government Law Framework Biden’s cryptocurrency framework is a step in the right direction

The White House released its first comprehensive framework this month for the Responsible Development of Digital Assets following President Joe Biden’s March 9 executive order. The order called for regulators to assess the industry and develop recommendations to safeguard investors while simultaneously promoting innovation. While more work is needed, the framework is a step in the right direction as it shows the willingness of regulators to provide the industry with the much-needed regulatory clarity it seeks.

28.09 / 07:59

Government Blockchain Bank of America Bitcoin Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead

U.S. think tank Bitcoin Policy Institute is calling for the United States to reject Central Bank Digital Currencies (CBDCs) and look to Bitcoin (BTC) and stablecoins as alternatives.

25.09 / 21:25

Government Law Stablecoin Europe Stablecoin adoption MiCA is already stifling stablecoin adoption in the EU

The digital asset landscape in the European Union is evolving ahead of the passage of the Markets in Crypto-Assets (MiCA) regulation framework that aims to instill regulatory clarity around crypto assets. While well-intentioned, the current structure of MiCA may throttle innovation. But if a revised version of this policy passes, it could see the European Union become one of the leaders in the digital payment space. If not, then there is a genuine possibility of the continent falling behind.

25.09 / 10:55

Government Adoption Framework regulatory California Gov. Newsom vetoes crypto licensing and regulatory framework

Adding to the existing regulatory hurdles for the crypto ecosystems, California Governor Gavin Newsom refused to sign a bill that would establish a licensing and regulatory framework for digital assets.

25.09 / 00:51

Government Law crypto framework Framework Biden's anemic crypto framework offered us nothing new

The long-awaited cryptocurrency regulation framework released by President Joe Biden’s Treasury Department this month attempted to outline a plan for managing the burgeoning crypto industry. Unfortunately, the department’s assessment failed to embody more substance than a mere mission statement.

24.09 / 00:41

Government regulation Trading Framework Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision

Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should a bill get enough votes.

23.09 / 21:55

Government regulation security Pentagon contracts with Inca Digital for a security-focused digital asset mapping tool

Digital asset data analytics company Inca Digital will study the implications of digital assets for national security under a year-long contract with the Defense Advanced Research Projects Agency (DARPA), the company announced on Friday. DARPA is the R&D branch of the United States Department of Defense.

23.09 / 16:09

Government Law Adoption Bitcoin tracking El Salvador's Bitcoin decision: Tracking adoption a year later

El Salvador, the small Central American nation that made history just over a year ago when it made Bitcoin (BTC), recently marked its first year of BTC adoption.

23.09 / 03:09

business Government Blockchain Rushing ‘token mapping’ could hurt Aussie crypto space — Fintech founder

Australian crypto entrepreneur and investor Fred Schebesta has described the Australian government's prioritization of token mapping as “wonderful,” but warns that rushing it could lead to detrimental effects on the economy.

22.09 / 22:05

business Government Law Get ready for a swarm of incompetence at the IRS in 2023

The Internal Revenue Service is hiring 87,000 new agents, but taxpayers will not feel the pain for another two to three years. That’s how long it will take the agency to hire and train agents. Few have discussed the extent of this pain. Still, it’s something to think about when you consider the majority of coming audits will be conducted by new agents, many of whom will have been hastily hired and operating with minimal supervision.

22.09 / 13:45

business Government Binance Middle east Regulated fintech in Bahrain enables crypto payments with Binance

Cryptocurrency adoption continues growing in the Kingdom of Bahrain, with local companies enabling payments in crypto like Bitcoin (BTC).

21.09 / 23:39

business Government Binance services Binance receives green light for crypto services in Dubai

Crypto exchange Binance received a Minimal Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA), enabling the crypto exchange to offer a range of virtual asset services to qualified retail and institutional investors, the company disclosed on Tuesday.

21.09 / 17:07

Government Technology Law Tornado Cash is the latest chapter in the war against encryption

The sanctions imposed by the United States government on Tornado Cash have reignited a public debate on privacy. For many in the relatively young crypto community, such an intervention by the federal government seems groundbreaking. However, tussles between the private sector and the state on the issue of privacy are far from new and can provide compelling insights on what we might expect next for privacy in the crypto industry.

20.09 / 22:49

Government regulation sanctions Mixers Crypto mixers US Treasury official says crypto mixers are a 'concern' in enforcing sanctions

Elizabeth Rosenberg, the assistant secretary for terrorist financing and financial crimes at the United States Department of the Treasury, suggested sanctioning cryptocurrency mixers could help strengthen the government’s response to foreign entities looking to use digital assets for illicit means.

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