Government Financial News

30.05 / 12:27

Government Law regulation Texas legislative session winds down with crypto bills still in limbo

The 88th legislative session for the government of the state of Texas will end on May 29 without any resolution to certain bills affecting aspects of the digital asset space.

30.05 / 12:27

Government Mining regulation Taxes lawmaker Deal Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker

A tentative deal aimed at stopping the United States government from defaulting on its debts would likely eliminate a proposed tax on the energy usage of cryptocurrency miners, according to Ohio Rep. Warren Davidson.

30.05 / 12:27

Government Law regulation Europe European Union Opinion UK government The EU is watching your wallet, but it still beats the US for crypto

Millions of American television viewers, including those watching the NBA Finals, will soon see a new national ad campaign run by Coinbase. Titled “Moving America Forward,” the campaign is focused on explaining crypto and illustrating how it can help “update the system.” The ads add to the increasing pressure the company is putting on the United States Securities and Exchange Commission for clarity on digital assets. But no company can operate without a backup plan, which explains why Coinbase also secured a license in Bermuda in April to operate an offshore exchange.

29.05 / 10:53

Government regulation community Bali Tourists are unhappy with crypto payments ban in Bali

The government of Bali, Indonesia, recently cracked down on crypto payments for goods and services and reminded tourists that the Indonesian Rupiah is the only legal tender. Some tourists were dissatisfied with the decision, saying that they will not visit again.

29.05 / 01:27

Government regulation us government white house policies 7 presidential candidates have dropped clues about their crypto stance

In late 2024, citizens of the United States will take to the voting booths to elect their next president — a four-year term that could have a vast impact on the next crypto bull run.

26.05 / 15:29

Government SEC Opinion Elections 2024 DeSantis looks like the choice for crypto enthusiasts in 2024

Crypto Twitter discussions about law and policy are informed chaos, a specialized cacophony. Despite the drama involved with Gov. Ron DeSantis’ announcement on Twitter that he was running for president in 2024, he made some alpha drops about his stance on crypto.

24.05 / 10:01

Government Adoption Africa IMF Bitcoin IMF optimism in Central African Republic, despite Bitcoin adoption

The Central African Republic (CAR) has received optimism from the International Monetary Fund (IMF) one year since it adopted Bitcoin (BTC). The IMF’s positive outlook reflects the country’s economic prospects and the impact of embracing the leading cryptocurrency.

24.05 / 07:17

Government Stablecoin regulation SEC Bitcoin TradFi Crypto should mimic TradFi rules: Global securities regulator IOSCO

A major global securities watchdog, the International Organization of Securities Commissions (IOSCO), is working to help policymakers regulate cryptocurrency more effectively.

21.05 / 17:15

business Government regulation us government Taxes Deal Biden won't accept debt deal protecting crypto traders — G7

United States President Joe Biden expressed opposition to a debt ceiling agreement with Republican leaders that would allegedly benefit crypto traders. Attending the Group of Seven (G7) Summit, Biden reportedly classified Republicans' proposed terms as "unacceptable" during a press conference.

19.05 / 18:33

Government Blockchain regulation Bitcoin Regulation Bitcoin Bitcoin cleans up the environment and helps catch criminals: US Senator Cynthia Lummis

U.S. Republican Sen. Cynthia Lummis of Wyoming held a fireside chat with the founder and CEO of Chamber of Digital Commerce Perianne Boring during the Bitcoin 2023 event in Miami on May 19.

18.05 / 19:53

business Government Law defi regulation Bitcoin Bitcoin Miami panel rejects ‘fight’ rhetoric against regulators

A trio of speakers in attendance at Industry Day, May 18, during the Bitcoin 2023 event in Miami held a discussion on government regulation and how the cryptocurrency industry should fight back against the “anti-crypto army.”

18.05 / 15:15

Government Law Adoption regulation us government Congress hearing Congressional crypto hearing illustrates political stalemate on digital assets

On May 10, the United States House of Representatives Financial Services Committee and Agriculture Committee held their first joint hearing on digital asset regulation. The event felt like a logical continuation of another recent hearing where representatives lambasted Securities Exchange Commission Chair Gary Gensler for perceived regulatory overreach.

16.05 / 07:51

business Government regulation us government Banks Signature Bank failed to understand risks associated with crypto: FDIC chair

Investigations around the collapse of Signature Bank point toward illiquidity circumstances and poor management. However, the Federal Deposit Insurance Corporation (FDIC) chairman, Martin J. Gruenberg, believes that the bank’s failure to understand the risks associated with cryptocurrencies expedited its fall.

12.05 / 18:17

Government Law Stablecoin regulation us government The US should promote USDC — before it's too late

Ignore the doomsayers. The United States is still the world’s leading economy and will remain so in the future. With its global talent pool and world-class institutions, the U.S. has a competitive edge in virtually every emergent technology. Web3 is no exception.

10.05 / 21:47

Government Adoption economics Banks S&P Global attempts to assess crypto assets’ susceptibility to macroeconomics

Rating provider S&P Global has examined the relationship between crypto assets and macroeconomics in a new report. Its conclusion is a firm “maybe” and the details are complex, mainly due to “idiosyncratic events” such as the crypto winter , geography and the industry's short history.

10.05 / 20:35

Government Silk Road Bitcoin Holdings Bitcoin Prices Crash Suddenly, Rumors of US Govt Holdings Being Sold-Off – What’s Going On?

Speculation swirled on Wednesday on whether the US government's Bitcoin holdings were being sold off in the thousands.

08.05 / 20:05

Government Law regulation lawmaker South Korean lawmaker allegedly cashed out while legislating on crypto: Report

Kim Nam-kuk, a member of South Korea’s National Assembly, reportedly liquidated more than $4 million worth of crypto prior to lawmakers in the country enforcing the Financial Action Task Force’s “Travel Rule”.

08.05 / 13:21

Government Adoption Europe Taxes Bitcoin services Bitcoin takes flight in Liechtenstein: Minister proposes government services paid in crypto

Liechtenstein Prime Minister Daniel Risch announced plans to accept Bitcoin (BTC) as payment for government services. As reported in local news, the micro-European nation continues to embrace blockchain technologies.

08.05 / 12:51

business Government Blockchain Tencent Backed collapses Tencent-backed Everledger collapses amid lack of funding: Report

The Australian blockchain company Everledger has reportedly entered insolvency proceedings after failing to raise new funding from an undisclosed investor.

05.05 / 18:13

business Government Blockchain CBDC Financial Services Bank of China BNP Paribas teams up with Bank of China to promote digital yuan usage

The French bank BNP Paribas is collaborating with the Bank of China (BOC) to promote China's digital currency, the digital yuan, to its corporate clients, the South China Morning Post reported.

05.05 / 15:35

Government Law regulation New York AG's office seeks additional authority over crypto firms

Letitia James has reportedly proposed legislation that would give the New York Attorney General’s office more authority to regulate the crypto industry.

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