Government Financial News

30.03 / 14:33

business Government regulation 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy

A group of financial technology firms has formed the Canadian Web3 Council, a non-profit trade association that will work with policymakers to advance Canada’s position at the forefront of the global digital economy. Bringing together exchange platforms, blockchain projects and tech investors, the association will work to advance blockchain-related policies that balance “innovation, consumer protection, and stability”.

30.03 / 00:11

Government regulation Federal Reserve Biden's Fed picks are likely headed to Senate vote after partisan delay

The United States Senate will vote on President Joe Biden’s nominations to the Federal Reserve after delays instigated by Republican lawmakers.

28.03 / 16:05

Government Law Adoption US e-cash: Bill proposes digital currency that replicates cash, bypasses the Fed

The Electronic Currency and Secure Hardware Act (ECASH Act), introduced today in the United States House of Representatives, could herald a new direction in government-sponsored digital currencies.

28.03 / 00:35

Government Blockchain Is Austin the next US crypto hub? Officials approve blockchain resolutions

Innovative cities across America are racing to become the next hot spot for cryptocurrency and blockchain adoption. Miami was the first city to adopt its own part of CityCoins last year, allowing it to implement its own cryptocurrency called “MiamiCoin” to be used for civic engagement.

26.03 / 00:47

business Government NFT Ukraine launches NFT museum 'to keep the memory of war'

The Ministry of Digital Transformation in Ukraine has started an online nonfungible token museum aimed at preserving the timeline of major events starting with the Russian military invading the country.

25.03 / 20:11

Government regulation Taxes lawmakers Framework Crypto tax policy framework passes India's parliament despite pushback from lawmakers

A tax framework on cryptocurrencies introduced by India’s Finance Minister Nirmala Sitharaman will become law in the country after being passed as an amendment to the Finance Bill.

24.03 / 18:19

Government Twitter Congress Bukele committee NOT ‘US Government does not stand for freedom’: Bukele reacts to US bill passing Senate committee

El Salvador president Nayib Bukele reacted to the news that the recently proposed Accountability for Cryptocurrency in El Salvador Act (ACES) had passed the U.S. Senate Foreign Relations Committee and will now head to a full Senate vote. The 40-year old national leader responded emotionally on Twitter:

24.03 / 16:45

business Government Asia Tax man: India’s new tax policies could prove fatal for crypto industry

Indian crypto tax policy has become the hottest topic for Indian crypto traders and exchange operators as it is set to become law on March 24 and will come into effect starting on April 1.

23.03 / 20:47

Government Law Taxes Proposal for crypto tax policy in India will go to parliament on March 24

A tax proposal on crypto from India’s Finance Minister Nirmala Sitharaman may be closer to becoming law as the country’s lower house of parliament is scheduled to consider the legislation on Thursday.

23.03 / 17:25

business Government Adoption Bitcoin ‘Satoshi Island’ crypto utopia receives 50K citizenship NFT applications

Step aside, El Salvador, there’s a new Bitcoin-centric destination on the map. As a 32-million-square-foot private island sanctuary in the remote South Pacific, Satoshi Island is a “place for the crypto community to call home.”

23.03 / 12:51

business Government Adoption Bitcoin El Salvador postpones Bitcoin bonds to September: Report

The government of El Salvador has reportedly decided to postpone the issue of a Bitcoin (BTC)-backed bond due to the unfavorable market conditions fueled by the geopolitical crisis.

22.03 / 18:03

business Government US exceptionalism could be tested as digital assets find footing worldwide — Sheila Warren

Sheila Warren, CEO of the Crypto Council for Innovation and former head of data, blockchain and digital assets at the World Economic Forum, said the digital yuan may present certain challenges for the United States. However, regulators and lawmakers may want consider how to encourage digital innovation, as China is already "massively tech forward" for its residents.

22.03 / 16:29

markets Government Middle east recommendations Abu Dhabi rolls out draft recommendations for NFT trading

Abu Dhabi Global Market (ADGM), the emirate’s free zone, published a consultation paper on March 21 titled “Proposals for enhancements to capital markets and virtual assets in ADGM.” The document contains draft guidelines that, among other asset classes, cover nonfungible token (NFT) trading. The paper proposes that companies with a license from the free zone’s financial regulator be allowed to facilitate NFT trading.

22.03 / 00:15

Government ETF SEC Bitcoin spot bitcoin bitcoin etfs spot bitcoin ETFs SEC pushes decisions on WisdomTree’s and One River’s applications for spot Bitcoin ETFs

The United States Securities and Exchange Commission has extended its window to approve or disapprove spot Bitcoin (BTC) exchange-traded fund (ETF) applications from asset managers WisdomTree and One River.

21.03 / 15:51

business Government proof-of-work Bitcoin EU vote on Bitcoin mining: What does it mean for the industry?

Proof-of-work (PoW) crypto mining won’t be banned in the European Union — not this year at least. That’s the conclusion from last week’s closely watched committee vote in the European Parliament (EP).

21.03 / 11:37

Government regulation Bitcoin Malaysian comms official calls the state to legalize crypto and NFTs

The Malaysian Ministry of Communications and Multimedia (KKMM) is reportedly backing the adoption of cryptocurrencies, with the deputy minister calling the government to legalize crypto.

21.03 / 09:21

Government Law Conference week SBF opens Aussie Blockchain Week as govt says we’re “open for business”

FTX CEO Sam Bankman-Fried gave the opening keynote at this year's Blockchain Week, with the events of day one held at the headquarters of the Australian Securities Exchange (ASX).

20.03 / 05:27

Government Blockchain Charity Bitcoin Every Bitcoin helps: Crypto-fueled relief aid for Ukraine

The people of Ukraine require the world’s help more than ever before. As the conflict between Russia and Ukraine continues to rage on, the world must rally behind the Ukrainian government to bring back peace and stability to the Eastern European nation.

18.03 / 15:43

Government Blockchain Ethereum Bitcoin Qatar exploring digital banks and central bank digital currencies

The Qatar Central Bank (QCB) is reportedly investigating the possibility of launching a digital currency and issuing digital bank licenses.

18.03 / 00:47

Government Law lawmakers US lawmakers US lawmakers introduce bills that could force crypto exchanges to cut ties with Russian wallets

Representative Brad Sherman will be introducing a bill in the House aimed at cracking down on U.S. businesses handling crypto transactions for Russian banks and individuals.

17.03 / 23:05

Government Law Cybersecurity lawmakers National US lawmakers US lawmakers discuss crypto’s role in sanctions, national security, and humanitarian aid

Industry experts and lawmakers who spoke at a hearing of the United States Senate Committee on Banking, Housing, and Urban Affairs clashed on how the country should handle digital assets used for illicit purposes.

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