Government Financial News

17.03 / 20:53

Government Blockchain How blockchain intelligence can prevent Russia from evading sanctions

As pointed out by Caroline Malcolm, head of international policy at Chainalysis, the transparent nature of blockchain technology makes it relatively easy for crypto intelligence companies to track funds related to sanctioned entities.

16.03 / 19:33

Government Law regulation Framework regulatory Ukraine's president signs law establishing regulatory framework for crypto

Volodymyr Zelenskyy, the President of Ukraine currently based in Kyiv, has signed a law establishing a legal framework for the country to operate a regulated crypto market.

16.03 / 16:15

Government white house Executive executive order Biden’s executive order promises great things for the crypto industry — Eventually

United States President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets on March 9. The order had been expected for several months, giving some in the industry ample time to build up trepidation. Once the executive order, or EO, was released, however, it was met with a chorus of approval.

16.03 / 16:15

business Government Blockchain Bitcoin CFA ‘We don’t like our money:’ The story of the CFA and Bitcoin in Africa

Nearly 150 million people use the franc of the Financial Community of Africa (CFA) on a daily basis, from Senegal in the extreme west to Gabon in the center of the continent.

16.03 / 00:19

Government regulation Federal Reserve vice chair Biden's pick for Fed vice chair for supervision withdraws amid Republican objections

Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward.

16.03 / 00:19

Government Blockchain SEC Lee Commissioner Allison Lee announces her departure from the SEC

Securities and Exchange Commissioner Allison Herren Lee announced that she would be stepping down from her post at the end of her term in June.

15.03 / 18:13

Government Technology Adoption Bitcoin Future Legal DAOs: Why are the Marshall Islands betting on a decentralized future?

The Republic of the Marshall Islands made history in the second week of February after it formally recognized decentralized autonomous organizations (DAOs) as legal entities.

15.03 / 17:59

Government Law regulation Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan

The Financial Monitoring Agency of the Republic of Kazakhstan reported earlier today that 55 illegal mining farms “voluntarily stopped their operation” due to an enforcement campaign by the regulator, and another 51 entities’ operations “were terminated.” The enforcement operation targeted illegal mining operations that compromised the nation’s energy network. The Agency called for developing a clear regulatory approach to crypto mining in its release.

15.03 / 12:49

Government Adoption Deloitte Bitcoin Bitcoin well positioned to help governments create cheaper CBDCs: Deloitte

A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base to create a cheaper, faster and more secure ecosystem for electronic fiat currency or central bank digital currency (CBDC).

11.03 / 20:43

Government ETF interview Bitcoin Future bitcoin etfs valkyrie Valkyrie Investments‘ Leah Wald on Bitcoin ETFs and the future of digital assets

Cointelegraph sat down with Leah Wald, CEO of digital asset investment firm Valkyrie Investments, to learn more about the importance of a Bitcoin (BTC) exchange-traded fund (ETF) and the future of digital assets.

11.03 / 17:07

Government Bitcoin regulatory Is the Ukraine war intensifying regulatory pressure on crypto firms?

Whose side are you on? The Ukraine-Russia war is forcing people to answer that question. For some in the crypto community, this can be uncomfortable because if an individual or project stands with the West against Russia, it also means it abides by sanctions. This can be tough to square with crypto/blockchain’s supposed decentralized system and its claims on being borderless, censorship-free and distributed.

11.03 / 07:53

Government Blockchain Adoption Jamaican central bank to airdrop Jam-Dex CBDC to early adopters

The first 100,000 Jamaican citizens to use the country’s new central bank digital currency (CBDC) known as Jam-Dex, will be given a free $16 payment in the hopes of promoting widespread adoption.

10.03 / 23:09

Government regulation lawmakers Republican lawmakers introduce bill targeting China's CBDC on sanctions, privacy

Nine Republican senators have backed legislation aimed at directing policy at U.S. government agencies around concerns China’s digital yuan may be used to circumvent sanctions and compromise users' personal information.

10.03 / 15:55

Government Law Russian Parliament working group: There should be 'mechanisms to control crypto transactions'

Amid the ongoing discussion between the Central Bank of Russia (CBR) and the nation’s Finance Ministry on the future of crypto, a State Duma (the lower chamber of Parliament) working group has voiced their support for regulating rather than banning digital assets.

10.03 / 08:53

Government Blockchain Adoption white house Executive executive order Crypto-related stocks jump in positive reaction to executive order

The stock prices of crypto-related companies have jumped as the broader market reacted positively to President Joe Biden’s long-awaited executive order requiring US federal agencies to create a regulatory framework for digital assets, as well as exploring a future digital dollar.

10.03 / 00:47

Government Law regulation Executive executive order Regulators and industry leaders react to Biden‘s executive order on crypto

Joe Biden has signed his 82nd executive order since being sworn into office in January 2021, directly addressing a regulatory framework for digital assets in a rare moment for the U.S. President.

09.03 / 17:53

Government Law white house Executive executive order Biden to sign executive order on crypto, authorize all-government effort to consolidate regulation

Later today, U.S. President Joe Biden will sign a long-anticipated executive order on digital assets. Despite fears that the order may resound a regulatory clampdown on the industry, the language of the document is fairly favorable, the key focus being coordination and consolidation of various agencies’ efforts within a unified national policy.

03.03 / 16:55

business Government Blockchain Bitcoin Experts weigh in on new crypto regulations in South Africa

As part of a series of amendments to South Africa’s financial laws, crypto-asset service providers will become accountable institutions. A report from the South African treasury announced further crypto regulations “to be finalized during 2022.”

02.03 / 21:17

Government Mark Warner lawmakers US lawmakers US lawmakers and Fed chair push for crypto regulation in wake of Russia sanctions

Federal Reserve Chair Pro Tempore Jerome Powell and some members of the U.S. House of Representatives called for congressional action on crypto in response to discussions about Russia potentially evading sanctions.

28.02 / 17:27

Government Law AML What the launch of the FBI crypto task force means for the digital asset space

On Feb. 17, United States Deputy Attorney General Lisa Monaco announced at the Munich Cyber Security Conference the formation of the new task force “dedicated to cryptocurrency” within the Federal Bureau of Investigation (FBI). Coming four months after the launch of the Justice Department’s National Cryptocurrency Enforcement Team (NCET), this marks another major step in the U.S. government’s crusade against criminal abuse of cryptocurrencies.

27.02 / 01:33

Government Blockchain Ethereum Bitcoin safe place Are crypto and blockchain safe for kids, or should greater measures be put in place?

Crypto is going mainstream, and the world’s younger generation, in particular, is taking note. Cryptocurrency exchange Crypto.com recently predicted that crypto users worldwide could reach 1 billion by the end of 2022. Further findings show that Millennials — those between the ages of 26 and 41 — are turning to digital asset investment to build wealth. For example, a study conducted in 2021 by personal loan company Stilt found that, according to its user data, more than 94% of people who own crypto were between 18 and 40.

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