Government Financial News

29.04 / 05:27

Government us government Senate Senators Senators Bragg and Lummis discuss crypto laws collaboration between US, Australia

Australian Senator Andrew Bragg hasmet with U.S. Senator Cynthia Lummis to discuss potential collaboration on cryptocurrency regulation between the two countries.

28.04 / 22:09

Government Law regulation FinCEN acting director says PATRIOT Act provision isn't 'right sized' for crypto enforcement

Him Das, the acting director of the United States Financial Crimes Enforcement Network, or FinCEN, said some of the government bureau’s tools to fight money laundering and terrorism financing may be ill suited for crypto.

28.04 / 20:09

Government Blockchain Law identity Backed Profiles Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles

The capital of Argentina and an agglomeration with more than 12 million citizens, Buenos Aires will make blockchain a vital part of its digitalization drive. Specifically, the city will accept public financial transactions in crypto.

28.04 / 14:39

Government Law regulation Agency Russian security agency wants exchanges to share data with crime investigators

Russia's Federal Security Service (FSB) and the Ministry of Internal Affairs (MVD) have submitted their review notes on the forthcoming “crypto bill,” developed by the country's Finance Ministry. Law enforcement agencies push for requiring crypto firms to share transaction data with investigators and for clarifying the terms on which digital assets can be seized.

28.04 / 07:07

Government New York State BItlicense New York Mayor urges state to abandon ‘stifling' BitLicense scheme

New York City Mayor Eric Adams has hit out at his states’ BitLicensing regime, claiming that it stifles innovation and economic growth.

27.04 / 22:31

Government Stablecoin regulation Acting OCC comptroller calls for standards on stablecoins

Michael Hsu, the acting head at the United States Office of the Comptroller of the Currency, said stablecoins need standards comparable to the early internet.

27.04 / 15:11

Government Law regulation Gibraltar rolls out new virtual asset regulation to combat market abuse

The British overseas territory of Gibraltar introduced a new regulatory package for distributed ledger technology (DLT) service providers. The document elaborates on the responsibilities of crypto businesses in regards to threats of market manipulation and insider trading.

27.04 / 12:53

business Government Adoption South America VASP Cuban central bank makes it official: VASP licensing coming in May

In a move that could potentially foster the growth of Cuba's nascent tech industry, the Banco Central de Cuba (BCC), the country's central bank, will begin issuing licenses for Bitcoin (BTC) and other virtual asset services providers (VASPs).

27.04 / 07:37

Government Law proof-of-work POW Power New York State Assembly passes ban on new BTC mines that don't use green power

The New York State Assembly passed a bill late on Tuesday April 26 that would place a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon based fuel to power their operations.

27.04 / 00:11

Government Federal Reserve vice chair US Senate confirms Lael Brainard as Fed vice chair

After weeks of delays due, in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member of the Federal Reserve's board of governors, as the next vice chair of the central bank.

26.04 / 20:29

Government regulation Texas Bitcoin City of Fort Worth votes in favor of Bitcoin mining program

Fort Worth, Texas has launched a pilot program to mine Bitcoin in partnership with the Texas Blockchain Council.

26.04 / 09:21

business Government London Underground London ad Floki Inu resumes controversial ad blitz in London

Dogecoin rival Floki Inu has begun what it calls an “aggressive” marketing campaign in London, plastering advertisements around the city’s train stations and on its famous red buses.

25.04 / 23:01

Government Law Earth Law Decoded: Competing narratives around crypto clash on the Earth Day, April 19-26

Regulation by enforcement, a fast and economical substitute for thorough rulemaking, is widely regarded as some of the U.S. executive agencies’ preeminent approach to crypto regulation. It could be summed up as letting crypto firms explore the boundaries of what is permissible by themselves and then punishing industry participants in case their exploratory actions come to look like a transgression. Others will take heed and learn from the explorer’s negative experience.

24.04 / 08:29

Government Blockchain Technology Adoption Here is why Germany is ranked the most crypto-friendly country

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.

23.04 / 05:19

Government Adoption Taxes The new HM Treasury regulations: The good, the bad and the ugly

As the 2021-2022 United Kingdom tax year finished on April 5, 2022, Her Majesty's Treasury announced they were paving the way for the U.K. to become a global crypto asset technology hub. This could mean that the previously not particularly crypto-friendly U.K. is changing its strategy and trying its hand at making crypto investments more attractive. But what are the potential scenarios at play?

22.04 / 22:45

Government Binance AML Customer Binance pushes back against report exchange supplied customer data to Russian government

Major crypto exchange Binance challenged the accuracy of a report that one of its regional heads agreed to supply Russia's financial intelligence unit with customer data potentially related to donations for anti-corruption and anti-Putin activist Alexei Navalny.

21.04 / 23:31

Government Environment proof-of-work lawmakers US lawmakers US lawmakers sound alarm to EPA over environment concerns of crypto mining

United States House of Representatives member Jared Huffman and 12 other lawmakers have requested the Environmental Protection Agency, or EPA, assess crypto mining firms potentially violating environmental statutes.

21.04 / 22:31

Government regulation Taxes Caribbean Bahamian government hopes to allow residents to pay taxes with digital assets in 2022

Residents of the archipelago nation, the Bahamas, may soon be able to use digital assets including the world’s first central bank digital currency, or CBDC, to pay for taxes.

21.04 / 17:11

business Government Blockchain As labor struggle takes center stage, can DAOs democratize work?

Web3 has given rise to a number of innovative business models. In particular, decentralized autonomous organizations (DAOs) have started gaining traction as Web3 as the creator economy comes to fruition.

21.04 / 07:29

Government Blockchain regulation AUSTRAC releases 2 new guides to help spot illicit crypto use

Australian financial compliance enforcement agency AUSTRAC has released two new guides to help entities to spot when customers are using crypto for illicit means, or when they are being forced to pay the creators of ransomware.

21.04 / 00:25

Government regulation US Treasury Dept lists crypto mining firm in latest sanctions against Russia

The United States Treasury Department has added Russia-based crypto mining services provider BitRiver and several subsidiaries as firms facilitating the evasion of sanctions.

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