Government Financial News

24.11 / 20:00

Government Stablecoin Tether information hearing committee Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

Sherrod Brown, the chair of the Senate Committee on Banking, Housing and Urban Affairs, has called on several crypto firms to release information related to consumer and investor protection on stablecoins.

24.11 / 08:25

Government cryptocurrency Bitcoin Panic laced with optimism grips investors as House sets table for Crypto Bill

“I want to understand the possible effects of the new regulations coming in. When the government says outlaw all private cryptocurrencies in India, does it include the likes of bitcoin, polygon, ethereum etc?” a crypto user shared her anxiety on a Telegram channel.

24.11 / 04:39

Government Law Ban Govt plans bill to ban private cryptocurrency, allow RBI digital coin

government will move a bill to frame rules for cryptocurrencies aimed at prohibiting private coin while providing a framework for the creation of an official digital currency to be issued by the Reserve Bank of India (RBI). The bill is listed among 26 items of legislation for consideration in the winter session of parliament, according to a bulletin issued by the Lok Sabha on Tuesday.

24.11 / 00:47

Government Blockchain Adoption ASIC Chair Longo calls the growing demand for crypto ‘impossible to ignore’

Joe Longo, chair of the Australian Securities and Investments Commission, or ASIC, spoke at the Australian Financial Review Super and Wealth Summit on Nov 22 at the Fullerton Hotel in Sydney.

24.11 / 00:44

Government Blockchain Taxes Financial South Korea financial authority rules that NFTs are taxable

South Korea’s Financial Services Commission, or FSC, announced Tuesday that nonfungible tokens, or NFTs, will be taxed starting next year. According to The Korea Herald, this tax law amendment would impose a 20% tax on income from virtual assets that exceed 2.5 million won ($2,102) as of Jan. 1, 2022.

23.11 / 23:07

Government Federal Reserve US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair

Pennsylvania Senator Pat Toomey, one of the lawmakers who supported amending the language around crypto in the recently passed infrastructure law, said the United States should lead the world in the adoption of a central bank digital currency.

23.11 / 21:27

Government regulation Federal Reserve regulatory Fed conducted 'policy sprints' around crypto assets to address regulatory clarity

The United States Federal Reserve is planning to address ambiguities that they feel are plaguing digital asset regulation in the country following rapid analyses between government agencies.

23.11 / 20:50

Government regulation Indian Indian parliament's agenda for winter session includes bill on banning 'private cryptocurrencies'

The Indian government will be considering a bill that would create a digital rupee starting as early as next week, but may also ban certain cryptocurrencies in the country.

23.11 / 08:53

business Government Adoption Commonwealth Bank of Australia recognizes risks in missing out on crypto

Matt Comyn, the CEO of the Commonwealth Bank of Australia (CBA), said that the bank is more concerned about the risks of missing out on crypto than those associated with its adoption.

23.11 / 05:23

business Government Kraken Australian Australian Crypto Proposed tightening of Australian crypto regulations could stifle competition: Kraken

With crypto regulation reportedly set to ramp up in Australia over the next 12 months, Kraken Australia’s Managing Director Jonathon Miller thinks that a strict crypto regime could stifle local competition.

20.11 / 20:35

Government ETF Bitcoin Bitcoin spot ETF spot ETF VanEck’s Bitcoin spot ETF shunt solidifies SEC’s outlook on crypto

Bitcoin (BTC) has been on an impressive price run since the announcement of the United States Securities and Exchange Commission’s approval of ProShares’ Bitcoin futures exchange-traded fund (ETF) early in October, hitting a new all-time high of over $69,000 on Nov. 10, as per data from TradingView.

20.11 / 17:21

business Government Bitcoin Bitcoin bulls in City Hall: Meet America’s crypto mayors

As 2021 comes to a close, Bitcoin (BTC) has had a tumultuous ride this year, with wild price swings that have seen the pioneer cryptocurrency hit all-time highs only to retrace to lower prices — including a 50% drop that shook the market. Now, Bitcoin is once again back and stronger than ever, even recently going past its previous all-time high.

20.11 / 12:35

Government cryptocurrency Investors Rookies, pros take cryptocurrency trade volume to new high

Cryptocurrency exchanges have seen a spurt in trading volumes in the past two weeks as new investors joined the crypto wave and mature investors hedged their bets in a volatile market, even as the Indian government appeared to be moving toward bringing in regulation for the new asset class. Top exchanges saw a 50-150% month-on-month surge in trading volumes in November, driven by new sign-ups and diversification strategies of mature investors as volatility went up.

19.11 / 08:19

Government Adoption Banks RBA warns Aussies over punting on ‘fad driven’ cryptocurrencies

The Reserve Bank of Australia (RBA) has warned Aussie investors about speculating on digital assets as it casts doubt over the entire crypto sector.

19.11 / 04:39

Government Tax Investors Investors rush to seek tax advice on crypto investments

investors who invest or trade frequently in cryptocurrencies are rushing to their advisors to figure out the tax implications of their investments, even as the government looks to introduce a legal framework around cryptocurrencies. Investors want to know the income tax implications on their returns, which can range anywhere up to 30%, say tax experts, given the regulatory vacuum around cryptocurrencies.

19.11 / 00:53

Government regulation Taxes lawmakers US lawmakers US lawmakers introduce bill to 'fix' crypto reporting requirement from infrastructure law

A bipartisan group of United States lawmakers has introduced legislation to change the tax reporting requirements that will go into effect due to the recently signed infrastructure bill.

18.11 / 01:21

Government CBDC regulation NOT U.S. is not moving fast enough to develop a CBDC, says former CFTC chair

Tim Massad, who served as chair of the Commodity Futures Trading Commission until 2017, said the United States is too slow in developing a plan to modernize its payment systems.

17.11 / 20:47

Government regulation Acting OCC head calls for consolidated supervision for crypto firms

Michael Hsu, the acting head of the United States Office of the Comptroller of the Currency, hopes to address gaps in supervision for companies dealing with cryptocurrencies.

17.11 / 18:09

Government education Bitcoin NOT Navigating CityCoins: Miami citizens to earn Bitcoin despite the city not holding crypto

Miami is quickly becoming the crypto capital of the United States. In August of this year, the Magic City was the first state in the U.S. to launch MiamiCoin (MIA), its very own cryptocurrency used for civic engagement. A few months later, Mayor Francis Suarez announced that every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend.

17.11 / 08:55

Government Health New Delhi could be about to lockdown and it's nothing to do with COVID-19

India's Supreme Court has called for a "pollution lockdown" in the capital New Delhi to protect citizens from toxic smog.

16.11 / 23:33

Government Fraud Bitcoin US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud

The United States Department of Justice is planning to sell $56 million worth of cryptocurrency seized in connection with its case against Ponzi scheme BitConnect.

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