Government Financial News

19.09 / 21:57

Government regulation crimes US Treasury plans to ask public if crypto-related regulations are 'no longer fit for purpose'

The United States Department of the Treasury will be calling for comments from the public on digital assets, including their views on how regulations may address illicit uses of crypto.

19.09 / 12:41

Government Federal Reserve Bitcoin Crypto market bloodbath leads to $432M in liquidation

The crypto market turmoil entered the third week of September as most of the cryptocurrencies started the week on a bearish note. The total crypto market cap dipped below $1 trillion again, with several cryptocurrencies recording a double-digit downfall over the past 24 hours.

16.09 / 20:57

Government regulation white house crypto framework Framework Blockchain Association calls White House's crypto framework a 'missed opportunity'

Members of the crypto space and advocacy groups reacted to United States President Joe Biden’s administration releasing a regulatory framework on digital assets, with many suggesting the White House focused on the potential negative aspects of crypto.

16.09 / 00:23

Government Law IOTA Congress IOTA co-founder: Lummis-Gillibrand is a blessing for the crypto industry

There’s never a good time for a crypto winter, but it would be difficult to envision a worse time than right now.

15.09 / 16:13

Government Law Bitcoin foreign Crypto for foreign trade: What do we know about Iran’s new strategy

With the Trade Ministry officially approving the use of cryptocurrencies for foreign trade, Iran will become the first-of-a-kind adopter in the world.

13.09 / 21:27

business Government Blockchain hyperledger Hyperledger announced new members at commencement of global forum

Hyperledger Foundation, a global open source collaboration of enterprise blockchain technologies, has commenced its largest annual event, the Hyperledger Global Forum 2022.

09.09 / 01:13

Government CBDC regulation lawmakers vice chair Republican lawmakers call for answers on digital dollar from Fed vice chair

Members of the House Committee on Financial Services have called for Federal Reserve vice chair Lael Brainard to clarify her position on a central bank digital currency ahead of deadlines set by United States President Joe Biden’s executive order on digital assets.

09.09 / 01:13

Government Adoption regulation UK economic secretary commits to make country a crypto hub under new PM

Richard Fuller, the Economic Secretary to the Treasury, said the government wants the United Kingdom to be the “dominant global hub for crypto technologies.”

08.09 / 22:15

Government Law SEC Sec Chair SEC chair suggests openness to crypto bills that don't 'inadvertently undermine securities laws'

United States Securities and Exchange Commission chair Gary Gensler supports legislation that gives the Commodity Futures Trading Commission greater authority over crypto — seemingly if it doesn't step on the SEC’s toes.

07.09 / 00:21

Government regulation Crypto Policy New finance minister Kwasi Kwarteng leaves crypto policy in the UK unclear

Recently elected Conservative Party leader and prime minister of the United Kingdom Liz Truss has appointed Kwasi Kwarteng as the country’s newest chancellor of the exchequer, or chief financial minister.

06.09 / 22:15

Government Stablecoin regulation settlement Russian gov't working on stablecoin settlement platform between friendly nations: State media

Russia's Finance Ministry has reportedly begun working with the governments of “friendly” nations to establish a cross-border stablecoin-based payments platform.

06.09 / 16:43

Government Adoption Cybersecurity Banks CBDCs require governments to put a special focus on security

Today’s financial world is becoming increasingly digitized, and naturally, central banks want to adapt to the changing environment. The use of cash is rapidly declining. Globally, the rise of digital payment apps and COVID-19 have only accelerated the decline in cash usage, fueling interest in digital currencies and demand for easier payment solutions.

06.09 / 11:59

Government Adoption Bitcoin foreign Australian Australian Treasury consults public on Bitcoin foreign currency tax exclusion

Australia’s ministerial department of Treasury reached out to the public to seek consultation regarding draft legislation that would exclude cryptocurrencies from being taxed as a foreign currency if passed.

05.09 / 19:29

Government Law Liz Truss, who said UK 'should welcome cryptocurrencies' will be the next prime minister

After a race for the leadership of the Conservative Party, Secretary of State for Foreign, Commonwealth and Development affairs Liz Truss defeated former Chancellor of the Exchequer Rishi Sunak and will be the next prime minister of the United Kingdom.

02.09 / 16:04

Government Blockchain Stablecoin Europe NOT MiCA coming in hot in October, NFTs not in focus: EU regulators

Members of the Germany-based Bundesblock, otherwise known as the German Blockchain Association, updated the community on the upcoming Markets in Crypto-Assets (MiCA) regulations in a virtual panel held on Thursday, Sep. 1.

02.09 / 01:57

Government Technology Bitcoin Crypto Companies Former blockchain skeptic David Rubenstein discloses investments in crypto companies

Carlyle Group co-founder David Rubenstein acknowledged on Sept. 2 that he has invested personally in a number of crypto companies, and is optimistic about the industry’s path to regulation in the United States.

01.09 / 23:15

markets Government Adoption Michael Saylor got wrecked, but Bitcoin investors needn't panic

As cryptocurrency investors know, the market moves in cycles. We had the up-cycle when Bitcoin (BTC) and Ether (ETH) hit their all-time highs, and now the bears are back in town.

31.08 / 21:35

Government Law Get ready for the feds to start indicting NFT wash traders

Studies show that most people who attempt to wash trade nonfungible tokens (NFTs) are unprofitable. But that doesn’t stop them from trying, which makes it a glaring regulatory and enforcement issue for the industry.

31.08 / 01:37

Government Blockchain Law Adoption President of Paraguay vetoes crypto regulation law

Paraguay's president, Mario Abdo Benítez, vetoed a bill that sought to recognize cryptocurrency mining as an industrial activity on Monday. He reasoned that mining's high electricity consumption could hinder the expansion of a sustainable national industry.

30.08 / 23:59

Government Law regulation lawmaker index Crypto 'cannot be partisan,' says US lawmaker who scored negative on bipartisanship index: Report

United States House of Representatives member Tom Emmer has reportedly suggested that regulating and encouraging innovation in the crypto space should not be a political win for either Democrats or Republicans.

30.08 / 17:29

Government Technology Law Crypto developers should work with the SEC to find common ground

Regulators are tasked with balancing between protecting consumers and creating environments where entrepreneurs and the private sector can thrive. When markets face distortions, perhaps due to an externality or information asymmetry, regulation can play an important role.

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