Government Financial News

20.06 / 20:41

Government Law regulation moody’s Support Lack of bipartisan support on crypto regulation could make US ‘less attractive’ to firms: Moody’s

The investors’ service of credit ratings agency Moody's has reported that without support from United States lawmakers on both sides of the political aisle for legislation focused on digital assets, investors and companies could turn to other crypto-friendly jurisdictions.

20.06 / 19:41

Government regulation us government Machine Learning Silicon Valley U.S. Biden to discuss dangers of AI in San Francisco meeting with experts

United States President Joe Biden will discuss artificial intelligence (AI) with a group of Silicon Valley experts on June 20 between campaign fundraising stops in California.

19.06 / 19:59

Government regulation Bitcoin Regulation UK government Financial UK government moves forward on financial markets bill for potential regulation of crypto

Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation that could help support the adoption of crypto in the country.

16.06 / 05:12

Government Blockchain Adoption Ripple XRP South America Ripple partners with Colombia’s central bank to explore blockchain technology

Banco de la República, Colombia’s central bank, is partnering with Peersyst and Ripple to pilot blockchain technology on the XRP ledger.

16.06 / 04:45

Government Law Binance SEC Opinion 5 key highlights of the SEC’s lawsuit against Binance

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance on June 5, alleging that the exchange was involved in the sale of unregistered securities. In its 136-page complaint, the SEC accuses Binance and its founder, Changpeng “CZ” Zhao, of participating in a complex conspiracy that involved fraud, conflicts of interest, a lack of disclosure and willful disregard for the law.

14.06 / 00:48

Government regulation SEC Congress lawmaker Framework lawsuits regulatory US lawmaker invokes SEC lawsuits in considering crypto regulatory framework

Members of the United States House Financial Services Committees met to discuss clarity for the digital asset ecosystem, with some invoking recent legal action from the Securities and Exchange Commission (SEC) against crypto firms.

12.06 / 14:05

Government Law Adoption Bitcoin Elections Is Ron DeSantis good for crypto? Republican makes Bitcoin part of campaign

Florida Governor Ron DeSantis officially entered the United States presidential race on May 24.

09.06 / 17:55

business Government Ethereum Binance SEC Bitcoin SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’

The United States Securities and Exchange Commission (SEC) is seeking ‘alternative service’ from the U.S. District Court in Washington, D.C., to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance.

08.06 / 18:33

business Government Department Of Justice FinCEN Bankruptcy US DoJ Customers US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines

The United States Justice Department (DOJ) has filed an objection to a motion by bankrupt cryptocurrency trading platform Bittrex to allow customers to withdraw their crypto and fiat. The U.S. Treasury’s Office of Foreign Asset Control (OFAC) is Bittrex’s biggest creditor, but its claim would be subordinated under the Bittrex proposal.

07.06 / 18:39

business Government Blockchain Adoption Banks stock exchange Tel Aviv Stock Exchange completes proof of concept to tokenize fiat and bonds

A new phase in the Tel Aviv Stock Exchange's integration of blockchain technology and traditional assets has been completed with the minting of the first dummy digital government bond as an ERC-1155 security token.

07.06 / 13:39

Government Law Adoption us government ATM Bitcoin Economics of Bitcoin ATM market could hinder wider adoption

As the digital asset market continues to evolve, the use of cryptocurrency ATMs grows with it. Over the past decade, nearly 40,000 cryptocurrency ATMs have popped up worldwide.

07.06 / 05:39

business Government Adoption Senate Senators Meta’s Zuckerberg grilled by senators over ‘leak’ of LLaMA AI model

Two United States senators have questioned Meta chief executive Mark Zuckerberg over the tech giant’s “leaked” artificial intelligence model LLaMA which they claim is potentially “dangerous” and could be used for “criminal tasks.”

06.06 / 17:01

Government Technology regulation UK government Power Nuclear power AI should be regulated like medicine and nuclear power: UK minister

Developers working on artificial intelligence should be licensed and regulated similarly to the pharmaceutical, medical, or nuclear industries, according to a representative for Britain’s opposing political party.

02.06 / 21:05

Government CFTC regulation SEC AIM lawmakers US lawmakers regulatory US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC

Lawmakers with the United States House Financial Services Committee and House Agriculture Committee have released a draft discussion offering certain crypto assets a pathway to being labeled digital commodities.

01.06 / 12:39

Government Law regulation us government Taxes Bitcoin Does the US have a crypto ‘tax loophole’ problem?

The crypto sector appears to have dodged another bullet. At the time of publication, the United States has reached a political agreement to raise its debt ceiling, avoiding a calamitous default on its obligations, and this resolution probably won’t include any new taxes on cryptocurrencies.

01.06 / 07:07

Government Law regulation ChatGPT consultation Australia asks if ‘high-risk’ AI should be banned in surprise consultation

The Australian government has announced a sudden eight-week consultation that will seek to understand whether any “high-risk” artificial intelligence tools should be banned.

01.06 / 05:09

Government regulation copyrights ChatGPT Japanese AI experts raise concern over bots trained on copyrighted material

Japanese artificial intelligence experts and researchers are urging caution over the use of illegally-obtained information to train AI, which they believe could lead to “a large number of copyright infringement cases,” job losses, false information, and the leaking of confidential information.

31.05 / 21:23

Government Payments regulation Drugs Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in China

Massachusetts Sen. Elizabeth Warren has suggested a link between cryptocurrency payments and companies based in China that provided precursors for the opioid fentanyl.

31.05 / 17:35

Government regulation Signature Bank Former House Rep blames industry outsiders for associating crypto with bank's failure

Barney Frank, a former member of the United States House of Representatives and board member of Signature Bank, has pointed fingers at certain members of the public in the wake of the bank’s collapse.

30.05 / 14:39

Government Law regulation us government Bitcoin What the ‘anti-mining bill’ means for the crypto industry in Texas

In late April, over a hundred people gathered near the Texas Capitol building to protest.

30.05 / 12:27

business Government Blockchain Technology Web3 economy Decentralization Laos government reportedly prioritizes blockchain technology for digital transformation

On May 26, the Laotian government reportedly hosted the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation in the country’s capital, Vientiane. The conference, which was led by Laotian Prime Minister Sonexay Siphandone, was attended by blockchain experts and various leaders from the main economic departments within the country.

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