Government Financial News

21.07 / 00:27

Government Law Congress regulatory Tech trade group calls for regulatory clarity, claiming crypto job losses threaten US interests

The tech trade group Chamber of Progress called on members of the United States Senate and House of Representatives for regulatory clarity in the crypto space in an effort to prevent firms from leaving the country.

20.07 / 17:21

Government Law Stablecoin Europe Demand for widely used euro stablecoin is huge, says DeFi expert

The market capitalization of Tether (USDT), a United States dollar-pegged stablecoin, is currently over $65 billion. USD Coin (USDC), another stablecoin backed by the U.S. dollar, clocks in near $55 billion. Some reports estimate that the total market cap of dollar-backed stablecoins is over $160 billion.

20.07 / 09:03

Government CFTC SEC Lummis-Gillibrand crypto bill likely deferred to next year

The major bipartisan crypto bill led by U.S. Senators Cynthia Lummis (Republican) and Kirsten Gillibrand (Democrat) will most likely be deferred to next year according to the duo.

20.07 / 06:15

Government regulation AML NOT Japan's crypto self-regulation 'experiment' not working

Japan’s self-regulation “experiment” for the crypto industry is reportedly not working as well as intended, according to local government and industry experts.

19.07 / 18:39

Government regulation SEC lawmaker NOT US lawmaker criticizes SEC enforcement director for not going after 'big fish' crypto exchanges

Brad Sherman, the congressperson who previously called for banning cryptocurrencies in the United States, criticized the Securities and Exchange Commission’s approach to enforcement among major crypto exchanges.

18.07 / 18:25

business Government Stablecoin Bitcoin Backed ‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin

The Russian government-backed tokenization platform Atomyze has issued its first digital asset backed by palladium in collaboration with the local bank Rosbank.

18.07 / 02:57

Government Adoption Asia regulatory The regulatory implications of India’s crypto transactions tax

The Indian crypto landscape lost some momentum this year as the government introduced two laws demanding crippling taxes on crypto-related unrealized gains and transactions.

17.07 / 09:29

Government Blockchain Technology Environment How blockchain technology is used to save the environment

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.

16.07 / 00:35

Government regulation SEC Lee Financial SEC commissioner Allison Lee departs, readying financial regulator for Jaime Lizárraga

Allison Herren Lee, one of five members of the United States Securities and Exchange Commission’s board, has officially left the regulatory body after more than three years as a commissioner.

15.07 / 11:31

Government regulation Aussie FPA supports 'crypto rule book' and regulation of exchanges

The Financial Planning Association of Australia (FPA) has shown its support for the “crypto rule book” idea and called for regulating exchanges instead of crypto assets.

14.07 / 23:35

Government Law CFTC foreign CFTC labels 34 crypto and forex firms as unregistered foreign entities

The United States Commodity Futures Trading Commission, or CFTC, has added 34 unregistered foreign entities to its Registration Deficient List, including at least six providing crypto-related services.

14.07 / 20:19

business Government News Italy's Prime Minister Mario Draghi to resign over coalition crisis

Italy's Prime Minister Mario Draghi has said he will tender his resignation on Thursday night, after his coalition government collapsed.

14.07 / 00:33

Government Federal Reserve Senate vice chair US Senate confirms Michael Barr as Fed vice chair for supervision

The United States Senate has confirmed the nomination of law professor Michael Barr to become the next vice chair for supervision for the Federal Reserve.

13.07 / 01:13

Government regulation Executive executive order US Treasury calls for public comment on digital asset policy, following Biden's executive order

The United State Department of the Treasury has requested comments from the public on the potential opportunities and risks of digital assets in compliance with President Joe Biden’s executive order from March.

11.07 / 16:21

Government Blockchain Adoption Us Crypto Regulation US crypto regulation bill aims to bring greater clarity to DAOs

On June 7, United States Senators Cynthia Lummis and Kirsten Gillibrand launched the much anticipated Responsible Financial Innovation Act, proposing a comprehensive set of regulations that address some of the biggest questions facing the digital assets sector. By providing holistic guidance to the rapidly growing industry, the bill offers a bipartisan response to President Biden’s call for a whole-of-government approach to regulating crypto.

11.07 / 11:57

Government Adoption Bank of England Bitcoin Crypto needs regulation to mitigate risks, says Bank of England exec

Bank of England (BoE) deputy governor for financial stability, Jon Cunliffe, recommended forming a set of regulations — similar to conventional financial systems — to tackle risks within the crypto ecosystem while improving investor confidence.

10.07 / 05:21

Government Stablecoin Earth fall After Terra’s fall to Earth, get ready for the stablecoin era

Stablecoins were supposed to be the boring uncle of the crypto world — safe, sensible and dull. They’re probably not what Satoshi Nakamoto had in mind, but they’re supposed to be a reassuring haven of calm and utility away from the turbulence of pure-play cryptocurrencies.

09.07 / 08:25

Government Blockchain Technology Adoption businesses A mandate for blockchain businesses is to rebuild global trust

Trust is the cornerstone of socioeconomic success and geopolitical balance. Our current world is exhibiting a massive trust deficit. Distrust is resulting in socioeconomic failures and geopolitical angst. Blockchain’s superpower is trust. It is time to mandate blockchain businesses to rebuild trust, success and balance across global systems.

08.07 / 18:21

Government Law Adoption identity Future Customer Know thy customer: The future of KYC in crypto

Crypto and Know Your Customer (KYC) guidelines seem to be an unhappy marriage — pseudonymity in the digital currencies’ DNA doesn’t match the old-school centralized protocols of traditional finance, but cohabitation is inevitable for the maturing industry.

08.07 / 16:53

Government Blockchain Court rights Web3 activists fight for reproductive rights with NFTs, DAOs and protests

Web3 community members are fighting back against the United States Supreme Court’s ruling to overturn Roe v. Wade.

08.07 / 00:43

Government regulation foreign Framework US Treasury issues framework addressing engagement on crypto with foreign regulators

The United States Department of the Treasury has delivered to President Joe Biden a framework on crypto for U.S. government agencies to work with their foreign counterparts.

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