Government Financial News

07.12 / 19:07

Government Investments Bitcoin lawmakers US lawmakers Alexandria Ocasio-Cortez says US lawmakers shouldn't hold crypto to 'remain impartial'

Democratic lawmaker Alexandria Ocasio-Cortez said Monday that she avoids any and all investments which could potentially represent a conflict of interest, including crypto — and believes her fellow lawmakers should do the same.

07.12 / 17:39

Government Asia Bitcoin Crypto Policy Smart crypto policy could keep India's tech dominance on top

There’s no denying that the Indian government shares a contentious relationship with cryptocurrencies, as was made clear recently when the government indicated that it plans on banning all private cryptocurrencies — a list that could potentially include just about every digital asset in the market today — after it had previously lifted all such restrictions back in 2019.

07.12 / 12:05

Government Blockchain regulation Gibraltar's government plans to bridge the gap between public and private sectors with blockchain

The government of Gibraltar, a British territory at the southern tip of the Iberian Peninsula, has started a pilot program aimed at utilizing blockchain technology to store official credentials on its systems.

04.12 / 21:37

Government Blockchain Law Things to know (and fear) about new IRS crypto tax reporting

The Infrastructure Investment and Jobs Act (H.R. 3684) put crypto in the crosshairs, where Congress and the Internal Revenue Service (IRS) hope to scoop up enormous tax dollars.

04.12 / 00:57

Government regulation SEC lawmaker US lawmaker urges congressional action on crypto as government avoids shutdown

Pennsylvania Senator Pat Toomey, one of the ranking members of the Senate Banking Committee, has suggested Congress step in with legislation should the Securities and Exchange Commission (SEC) be unable to provide sufficient guidance on cryptocurrencies.

03.12 / 00:21

Government ETF SEC Bitcoin spot bitcoin SEC rejects WisdomTree's application for spot Bitcoin ETF

The United States Securities and Exchange Commission, or SEC, has officially disapproved asset manager WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF) after deferring on a decision several times this year.

02.12 / 22:33

Government Stablecoin Federal Reserve Fed's Quarles says regulators should show 'constraint' on stablecoins to avoid hampering innovation

Speaking publicly for the last time as a member of the Board of Governors of the Federal Reserve System, Randal Quarles urged regulators to exercise restraint on stablecoins.

02.12 / 17:39

business Government Media Bitcoin Threat Chinese crypto ban poses no threat to local industry media, sources say

While some major Chinese cryptocurrency-related publications seem to be shutting down, a number of local news agencies continue running by moving to social media like Twitter.

02.12 / 01:01

Government Law Federal Reserve CFPB Reserve Biden is considering law professor, Fed president, and former CFPB director to fill 3 seats on Federal Reserve: report

The White House has reportedly begun interviews for possible candidates to fill the empty seats on the Board of Governors of the Federal Reserve System in 2022.

01.12 / 23:13

Government coinbase Bitfury Paxos hearing committee House committee announces crypto CEOs will testify at Dec. 8 hearing on digital assets

Maxine Waters, the chair of the House Committee on Financial Services, has announced several chief executive officers at major crypto firms in the United States will speak at a hearing to discuss digital assets and the future of finance.

01.12 / 00:23

Government NFT Middle east UAE issues first NFT stamps in the Middle East

The United Arab Emirates’ postal operator is issuing nonfungible token (NFT) stamps to commemorate the federation’s 50th National Day, offering further evidence that digital collectibles are gaining mainstream appeal globally.

30.11 / 17:29

Government Law Bitcoin Crypto's impact on sanctions: Are regulators' concerns justified?

The use of cryptocurrencies to evade international sanctions from various international governmental organizations like the United Nations (UN), the International Monetary Fund (IMF) and the World Bank, among others, has been a concern for regulators ever since the creation of cryptocurrencies.

30.11 / 12:07

Government Blockchain Bitcoin India misinterpreted private crypto ban, says crypto bill creator

The creator of India’s crypto bill, former Finance Minister Subhash Garg, dismissed the notion of banning “private cryptocurrencies” as a misinterpretation while highlighting the enormous potential of cryptocurrencies and blockchain technology.

29.11 / 16:51

Government IPO Bitcoin India’s crypto unicorn CoinDCX has no immediate plans for IPO

India’s largest cryptocurrency exchange, CoinDCX, has no immediate plans for a public listing as the regulatory environment in the country remains uncertain.

28.11 / 13:25

Government Ethereum ETF Bitcoin Australian US Bitcoin ETF favors Australian approval, but Aussies need to go further

On Oct. 19, 2021, the ProShares Bitcoin Strategy ETF (BITO) launched on the New York Stock Exchange. On its first day, the exchange-traded fund (ETF) saw an influx of close to $1 billion in natural volume and, within 24 hours, Bitcoin (BTC) itself would reach a new all-time high for its price in U.S. dollars. This comes a week after the U.S. Securities and Exchange Commission allowed the ETF’s application to expire, which effectively gave the okay for the product to move ahead.

26.11 / 07:21

business Government Adoption lawmakers Thai lawmakers urged to approve tourism crypto to entice digital nomads

A push in Thailand to boost gross domestic product (GPD) by targeting crypto digital nomads is coming closer to fruition according to local media.

26.11 / 04:11

Government Blockchain Adoption Crypto users Australian Australian Tax Office says it can't rely on crypto users' own records

The Australian Tax Office (ATO) says it can’t rely on crypto investors to keep track of their crypto transactions and profits — even though most investors try their best.

25.11 / 21:23

Government Law regulation UK Law Commission affirms English and Welsh laws apply to smart contracts

The U.K. Law Commission, tasked with monitoring the laws in the United Kingdom and recommending reforms, has said England and Wales do not need statutory law reform for smart legal contracts in the digital asset space.

25.11 / 16:41

Government Blockchain Law Stablecoin European Council approves two digital asset proposals

The European Union's planned framework for regulating cryptocurrencies is one step closer to becoming official. On Wednesday, the European Council, which guides the EU's political agenda, announced its position on the Markets in Crypto Assets (MiCA) framework and the Digital Operational Resilience Act (DORA).

25.11 / 11:45

Government Law Adoption Europe Finnish regulators tighten the screw on virtual currency marketing

Hot on the heels of the rising cryptocurrency hype, Finnish regulators have dropped a formal notice. On Nov. 24th, the Financial Supervisory Authority (FIN-FSA) stated:

25.11 / 00:21

Government Blockchain SEC open SEC open meeting on Dec 2 to include crypto panel discussion

The U.S. Securities and Exchange Commission, or SEC, announced Nov 24 the title of the upcoming crypto panel for its Dec 2 Investor Advisory Meeting will be “Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies”. Previously on Nov 15, the Commission announced the meeting would be open to the public. Panelists and moderators will attend remotely.

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