Government Financial News

16.11 / 11:47

Government regulation Bitcoin China warns state-owned enterprises to cease involvement in Bitcoin mining

China is pressuring its own state-owned businesses to cease mining cryptocurrencies, and the government is considering harsh penalties on firms that continue, including higher energy expenses.

16.11 / 09:17

Government regulation us government Infrastructure bill can still be remedied: DeFi dev-turned Congress candidate

The controversial U.S. infrastructure bill was signed into law by President Joe Biden this morning, with the legislation passing without amendments made to the broad provisions that could impose stringent reporting requirements on crypto network validators and software developers.

16.11 / 08:17

Government cryptocurrency Indian crypto experts Indian crypto experts hopeful after meeting with Parliamentary panel

After the Standing Committee on Finance discussed the regulatory challenges with the industry representatives on November 12, the industry experts see a silver lining as there is an open dialogue and legitimate concerns are being discussed, which is a move forward, say the experts that Moneycontrol spoke to.

16.11 / 00:43

Government Law IRS Broker President Biden signs infrastructure bill into law, mandating broker reporting requirements

After months of scrutiny from both the U.S. Senate and House of Representatives, the infrastructure bill — criticized by many crypto advocates — is now officially the law of the land.

13.11 / 10:31

Government Ban Bitcoin Chinese provincial official expelled for violating crypto mining ban

The Central Committee of the Chinese Communist Party (CCP) expels a top provincial official after investigations suggest unlawful emgagement with crypto mining activities among other abuse of power.

11.11 / 21:12

Government Blockchain Art ‘Invisible Aether’: World’s largest museum launches NFT art exhibition

The Russian State Hermitage Museum continues diving in the nonfungible tokens (NFTs) industry by debuting its first fully-virtual exhibition of digital art.

11.11 / 19:33

Government regulation Congress hearing committee US Congress plans 'demystifying crypto' committee hearing for Nov. 17

The Joint Economic Committee, which includes Republican and Democratic members of both the U.S. House of Representatives and Senate, will be holding a hearing on the role of government concerning crypto.

11.11 / 18:05

business Government Bitcoin Russian Duma creates working group to tackle crypto mining regulations

The Russian State Duma has created a working group that will tackle the complicated issue of forming regulations for the cryptocurrency mining industry.

11.11 / 15:11

Government Adoption Bitcoin National Indonesia's national Islamic council reportedly declares Bitcoin haram

The National Ulema Council (MUI), Indonesia’s top Islamic scholarly body, has reportedly found cryptocurrencies like Bitcoin (BTC) to be haram, or forbidden, by the tenets of Islam.

11.11 / 11:55

Government MARKET Reserve Bank of India cryptos Shaktikanta Das sounds an alarm on cryptos

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. Das also reiterated his concerns over cryptos and added that the regulator's recommendations were being actively looked at by the government.

11.11 / 01:03

Government Blockchain Adoption The city of Philadelphia rolls out its own blockchain initiative

City of Philadelphia Chief Innovation Officer Mark Wheeler announced an initiative to bring blockchain technology to city government on Monday. The project has invited people working in the blockchain and smart contracts space to contact staff working on the project to see how crypto technology could be useful within municipal government.

09.11 / 20:03

Government Climate change European Parliament Centre Czech president asks head of centre-right coalition Petr Fiala to form new government

The president of the Czech Republic has formally asked Petr Fiala, leader of a centre-right coalition that came top in last month's election, to form a new government.

09.11 / 14:14

Government Law Climate change negotiations Romania: Liberals vote to begin coalition negotiations with rival PSD

Romania's National Liberal Party (PNL) will begin talks with the rival Social Democrats (PSD) to end weeks of political stalemate that follows the ousting of Prime Minister Florin Citu on October 5.

09.11 / 00:55

Government regulation sanctions US officials seize $6.1M in crypto from ransomware actors, adds Chatex to sanctions list

The United States Department of the Treasury has announced it will impose sanctions on the cryptocurrency exchange Chatex and its support network for allegedly facilitating transactions for ransomware actors.

09.11 / 00:37

Government us government Federal Reserve Fed board member to leave by 2022, leaving Biden to fill 3 seats

Randal Quarles has resigned his position from the Board of Governors of the Federal Reserve System, effective by the end of December.

08.11 / 21:11

Government Blockchain Adoption Bitcoin Huobi Group is moving to Gibraltar following China crackdown

Huobi Group, a Bitcoin (BTC) technology firm established in 2013, is relocating its spot-trading business to Gibraltar as a precautionary measure following China’s cryptocurrency clampdown.

06.11 / 00:23

Government Blockchain Stablecoin Bitcoin Acting CoC Hsu: More crypto regulation is needed

In remarks given at the American Fintech Council’s 2021 Policy Summit, acting Comptroller of the Currency Michael J Hsu called for greater regulation of universal crypto firms.

04.11 / 01:12

Government Blockchain ETF SEC Sec Chair Spot ETFs Congressmen Emmer & Soto to SEC Chair Gensler: We want BTC Spot ETFs

Congressmen Todd Emmer and Darren Soto sent a bipartisan letter to Securities & Exchange Commission Chair Gary Gensler on Wednesday, strongly questioning why the agency has denied approval for the creation of a Bitcoin spot ETF while allowing Bitcoin Futures ETFs to begin trading.

03.11 / 21:13

Government Blockchain Adoption resolution US Senator submits resolution too allow crypto payments in US Capitol Complex

U.S. Republican Senator Ted Cruz of Texas submitted a resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol complex.

03.11 / 00:45

Government regulation Asia Bitcoin Crypto miners Laotian govt budget expected to gain $194M from crypto miners by 2022

The Laos government’s pilot project to explore cryptocurrency mining and trading is expected to bring in roughly $194 million towards the country’s total domestic revenue projected for 2022.

02.11 / 22:37

Government Bitcoin Miami mayor plans to accept first paycheck entirely in Bitcoin

Francis Suarez, who has served as the mayor of Miami since 2017, has said he’s going to take the next paycheck in Bitcoin.

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