Government Financial News

29.08 / 16:37

Government Law Adoption Bitcoin Future What the Taliban crackdown means for crypto's future in Afghanistan

With the rise of the Taliban last year in August, Afghanistan faced global sanctions that led to many international organizations and money transaction services halting operations in the country. This made room for digital currencies and stablecoins to be widely used, at least to send or receive remittances.

29.08 / 14:23

Government Adoption Investments MAS doesn’t trust retail crypto investments, mulling more regulations

The managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, addressed the agency’s mixed signals on crypto in the public sphere at a seminar on Aug. 29.

26.08 / 22:44

Government Law regulation Regulators have a weak case against FTX on deposit insurance

In a cease-and-desist letter to fast-growing crypto exchange FTX, the Federal Deposit Insurance Corporation (FDIC) shed light on a now-deleted tweet from the exchange’s president, Brett Harrison, and issued a stark warning over the company’s messaging.

26.08 / 16:07

business Government Court recovery Celsius bankruptcy Celsius bankruptcy proceedings show complexities amid declining hope of recovery

The Celsius Network is one of many crypto lending firms that has been swept up in the wake of the so-called “crypto contagion.”

24.08 / 10:03

business Government regulation Australia's markets regulator to prioritize shielding citizens from crypto harm

Australia’s financial regulator, Australia's Securities and Investments Commission (ASIC) has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years.

23.08 / 17:59

business Government Asia Malaysian regulators add Huobi to investor alert list

The Securities Commission (SC) of Malaysia issued a statement on Monday regarding Huobi's operations in the country. According to the statement, the crypto exchange is now on the SC’s Investor Alert List.

23.08 / 10:09

Government regulation Ethereum 2.0 censorship Ethereum community splits over solutions for transaction censorship

The Ethereum (ETH) community has been divided over how to best respond to the threat of protocol-level transaction censorship in the wake of the United States government sanctions on Tornado Cash-linked addresses.

22.08 / 05:47

business Government Senate Australia's new government finally signals its crypto regulation stance

Three months after being elected into power, the Australian Labor party has finally broken its silence on how it's planning to approach crypto regulation.

19.08 / 16:57

Government Law us government Biden is hiring 87,000 new IRS agents — and they're coming for you

The Inflation Reduction Act, signed into law this month by President Joe Biden, empowers the IRS with nearly $80 billion in new funds. The world’s most powerful tax collection agency is using the money to go on a hiring spree to fuel much tougher enforcement efforts.

19.08 / 07:51

Government Blockchain CBDC Adoption 'Programmable money should terrify you' — Layah Heilpern

Government controlled “programmable money should terrify you”, says social media influencer and TV Host Layah Heilpern, who sees central bank digital currencies (CBDCs) as a way for banks and governments to reign control over their people.

19.08 / 05:35

Government Ethereum privacy Wife of arrested Tornado Cash dev forbidden to speak with him — Rally organized

Ksenia Malik, the wife of Tornado Cash creator Alexey Pertsev Wife has lashed out at Dutch authorities for treating her husband like a "dangerous criminal" following his arrest last week.

19.08 / 01:13

Government regulation Environment lawmakers Consumption US lawmakers US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption

Four members of the United States House of Representatives from the Energy and Commerce Committee have demanded answers from four major crypto mining firms in regards to the potential effects of their energy consumption on the environment.

18.08 / 07:41

Government Bitcoin Aid for Ukraine's $54M crypto fund buys vests, scopes, and UAVs

The crypto community has poured in an impressive $54 million worth of crypto funds through “Aid For Ukraine," aimed at supporting the country's military efforts against Russia, the Ukrainian Deputy Prime Minister has revealed.

18.08 / 06:43

business Government regulation Ontario crypto exchanges impose $30K annual limit on altcoin buys

Canada-based crypto exchanges Bitbuy and Newton are enforcing a $30,000 (CAD) annual “buy limit” for "restricted coins" for their users based in Ontario in order to “protect consumers” amid tightened regulations.

17.08 / 21:15

Government Law regulation privacy Tornado Cash sanctions will ultimately undermine the US and strengthen crypto

The United States' move to sanction the open-source code that makes up the Tornado Cash privacy protocol may be shocking, but it’s not surprising. America has been tightening her grip over the global financial system for decades, ostensibly to cut down on bad behavior, but also to project power abroad.

17.08 / 13:09

Government Central Bank Taxes National tax evasion Colombia to prevent tax evasion with national digital currency: Report

Amid Colombia’s economic growth beat expectations in the second quarter, an official at the country’s tax and customs agency has hinted at some national digital currency plans.

16.08 / 19:03

business Government regulation Huobi Global suspends derivative trading in New Zealand

Crypto exchange Huobi Global announced the suspension of derivatives trading in New Zealand. The statement from Huobi said the new restrictions against derivative offers are in light of compliance with local regulations.

16.08 / 17:53

Government Law regulation privacy Tornado Cash shows that DeFi can’t escape regulation

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued sanctions against Tornado Cash this month, marking its first action against a decentralized finance (DeFi) mixer in what may prove to be a watershed moment for DeFi regulation.

16.08 / 00:43

Government Law regulation Coin Center may challenge US Treasury's sanctions on Tornado Cash in court

United States-based crypto policy advocacy group Coin Center said it intended to “pursue administrative relief” for individuals affected by Tornado Cash sanctions imposed by the Treasury Department’s Office of Foreign Asset Control, or OFAC.

15.08 / 05:37

Government Ethereum Adoption Investments Institutional Adoption Kevin O’Leary says sacrificing Tornado Cash worth it for institutional adoption

Clamping down on crypto applications that “mess with the primal forces of regulation” is necessary, says Shark Tank host and millionaire venture capitalist Kevin O’Leary, who argued that Tornado Cash and similar services are preventing real institutional capital from coming into the space.

14.08 / 14:17

Government Law Adoption AML AML and KYC: A catalyst for mainstream crypto adoption

For Satoshi Nakamoto, the creator of Bitcoin (BTC), the motivation to create a new payment ecosystem from scratch in 2009 stemmed from the economic chaos caused by the banking sector’s over-exuberant and risky lending practices mixed accompanied by the bursting of the housing bubbles in many countries at the time.

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