Government Financial News

12.08 / 19:31

Government Blockchain Ruble 2024 Russia plans to roll out digital ruble across all banks in 2024

The Bank of Russia continues working towards the upcoming adoption of the central bank digital currency (CBDC), planning an official digital ruble rollout in a few years.

11.08 / 18:41

Government regulation crypto legislation Financial South Korea's financial watchdog wants to 'quickly' review crypto legislation: Report

The chair of South Korea’s Financial Services Commission said the regulator plans to expedite its review of 13 bills pending in the country’s National Assembly related to digital assets.

11.08 / 16:47

Government Blockchain Adoption information Web3 helps Taiwan secure information against cyberattacks

The Taiwanese Ministry of Digital Affairs (MODA) plans to implement decentralized technology into its web portal in an effort against cyberattacks. InterPlanetary File System (IPFS) is a Web3 technology that government officials will employ for decentralized file sharing.

08.08 / 18:41

Government regulation Cybercrime US Treasury sanctions USDC and ETH addresses connected to Tornado Cash

The United States Treasury Department has added more than 40 cryptocurrency addresses allegedly connected to controversial mixer Tornado Cash to the Specially Designated Nationals list of the Office of Foreign Asset Control, or OFAC.

08.08 / 17:51

Government Law Adoption US ethics advisory on federal employee's crypto has basis in legislation

When the United States Office of Government Ethics (OGE) released its Legal Advisory 22-04 on July 5, most attention was given to its conclusion that federal employees who own any amount of cryptocurrency or stablecoins whatsoever may not participate in regulation and policymaking that concerns crypto. The legal advisory (LA) raised some eyebrows, as de minimis exemptions, threshold amounts below which assets holdings are permissible, are common in the government. The LA is more comprehensible when seen in a larger context.

07.08 / 11:03

Government Ripple XRP The UK cannot afford to send mixed messages on crypto

The United Kingdom is paving the road for cryptocurrency services, courting startups and established players alike while leading the way in pioneering regulation on stablecoins and nonfungible tokens.

05.08 / 18:47

Government regulation inclusion lawmakers US lawmakers US lawmakers request crypto firms provide info on diversity and inclusion

A group of five lawmakers from the United States House of Representatives has requested data on the diversity and inclusion practices of 20 major firms dealing with cryptocurrencies and Web3.

02.08 / 16:25

business Government Bitcoin Blockchain.com wins registration next to parent firm on the Cayman Islands

Blockchain.com, one of the oldest Bitcoin (BTC) infrastructure firms, is strengthening regulation and compliance efforts by securing registration in the Cayman Islands.

02.08 / 16:25

Government Adoption Asia Bitcoin What Kazakhstan’s new tax regime means for the crypto mining industry

On July 11, the President of Kazakhstan, Kassym-Jomart Tokayev, signed new tax rates for crypto mining operators into law. While these amendments reflect the country’s growing frustration with the undertaxed and non-transparent usage of the national power grid by both foreign investors and domestic perpetrators, the new taxes could hardly be called excluding.

01.08 / 08:59

Government Adoption regulation Israel puts the brakes on cash to spur digital payments

Authorities in Israel on Monday has in put in place further restrictions on cash payments as a means to combat illegal activity and spur digital payments in the country.

30.07 / 10:33

business Government Adoption Dubai Dubai permits full operation to FTX subsidiary FZE via first MVP license

On Friday, FZE, a subsidiary of crypto exchange FTX, was awarded Dubai’s first Minimal Viable Product (MVP) license, allowing full operation of the exchange in the region.

30.07 / 00:35

Government regulation NOT Deposits at non-bank entities, including crypto firms, are not insured — FDIC

The United States Federal Deposit Insurance Corporation, or FDIC, has issued an advisory informing the public it “does not insure assets issued by non-bank entities, such as crypto companies.”

29.07 / 11:50

Government regulation Scams lawmaker crypto apps US lawmaker calls for Apple and Google to provide info on fake crypto apps

Senator Sherrod Brown, chair of the Senate Banking Committee, has penned letters to the CEOs of Google’s parent company Alphabet and Apple calling for the tech firms to provide information on the ways they prevent certain apps from promoting crypto scams.

29.07 / 11:45

Government regulation policies Final candidates for next UK prime minister have made pro-crypto statements

Rishi Sunak, the former chancellor of the Exchequer, and Liz Truss, Secretary of State for Foreign, Commonwealth and Development Affairs, two of the final candidates to become the next prime minister for the United Kingdom, have both previously expressed pro-crypto views.

29.07 / 11:44

Government Adoption Court Marriages and court cases can be held in the Metaverse

Legal marriage proceedings, court case disputes and government services may one day be offered on the Metaverse, according to a Singaporean government minister.

28.07 / 02:35

Government Blockchain Art censorship Cuban NFT artists say they face censorship within the crypto market

Cuba’s art market shut down completely during the pandemic, leading the community to turn to digital markets for survival. However, artists say that they remain censored due to the United States sanctions against Cuba, with US based platforms like Open Sea going to the extremes of deleting content and accounts linked to the country itself.

27.07 / 22:16

Government regulation European Union European banking regulator sees 'major concern' in retaining staff to handle crypto: Report

The chair of the European Banking Authority, or EBA, a European Union agency that regulates banking activities, has reportedly expressed concern that a dearth of talent experienced in the crypto space could hurt its ability to oversee the market.

27.07 / 01:13

Government regulation Crypto Council for Innovation hires government insiders to build leadership team

The Crypto Council for Innovation, or CCI, a crypto advocacy group that establishes dialogues with governments and regulatory agencies on the benefits of crypto, has hired two new experts with experience in financial regulatory policy in the United States.

27.07 / 00:19

Government Kraken OFAC us sanctions Treasury's OFAC is investigating Kraken for violating US sanctions: Report

The United States Treasury Department’s Office of Foreign Assets Control, or OFAC, is reportedly investigating crypto exchange Kraken for allegedly allowing users based in Iran and other countries to buy and sell crypto — a potential violation of U.S. sanctions.

26.07 / 14:58

business Government Bitcoin SEC Philippines to investigate Binance over alleged illegal operations

Philippines’ think tank Infrawatch PH continues efforts to ban Binance in the country by asking more regulators to investigate the cryptocurrency exchange over alleged illegal operations.

25.07 / 13:47

Government Investments Bitcoin Thai SEC launches digital hotline for Zipmex users

In the aftermath of the Thai cryptocurrency exchange Zipmex stopping withdrawals last week, local financial regulators are stepping in to look into potential losses by investors.

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