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US Lawmakers Press Treasury Secretary Janet Yellen on Crypto Oversight Gaps
8.2.2024
Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital asset markets,” the lawmakers detailed...
US Treasury Secretary Yellen Highlights Crypto Risks, Urges Legislation
6.2.2024
U.S. Treasury Secretary Janet Yellen, leading the Financial Stability Oversight Council, addressed lawmakers about the risks cryptocurrencies pose to the U.S. financial system and called for regulations. During the presentation to the House Financial Services Committee, Yellen detailed concerns...
Treasury Secretary Janet Yellen Warns of Crypto Risks
5.2.2024
U.S. Treasury Secretary Janet Yellen is set to tell Congress that the crypto industry poses several potential hazards to the financial system, including the dangers of stablecoins, runs on crypto platforms and volatile prices, according to a brief portion of her testimony posted Monday
Britain’s Former Finance Minister George Osborne Joins Coinbase’s Global Advisory Council
3.2.2024
Britain’s former chancellor of the exchequer, George Osborne, joins Coinbase’s global advisory council. Osborne becomes the latest high-profile politician to join the crypto exchange’s advisory council. The former finance minister has said he is looking forward to working with...
Affected by the National Stock Market Downturn, Chinese Investors Have Flocked to Gold
1.2.2024
Chinese investors have been buying gold as an investment, motivated by the poor performance of traditional stock and property options. According to World Gold Council (WGC) reports, China had the largest demand for gold for jewelry and investment purposes in 2023. This, and the demand from central...
Russian Banking Association Launches ‘Digital Assets Council’
1.2.2024
Russia’s biggest securities and banking association has launched a “council” for the self-regulation of “digital assets.” Per RBC and an official National Association of Stock Market Participants (NAUFOR) announcement, the NAUFOR’s Board of Directors created the council on January 30. NAUFOR is...
Coinbase Exchange Advisory Council Adds Former UK Chancellor to Team
31.1.2024
Source: YouTube/ Channel 4 News The world’s second-largest crypto exchange, Coinbase, announced on January 31 the addition of former UK Chancellor of the Exchequer George Osborne as an advisor to its council. Coinbase’s Chief Policy Officer (CPO), Faryar Shirzad, disclosed this in an official...
Atlantic Council: Belief That Dollar Does Not Need to Innovate Is a ‘Miscalculation’
29.1.2024
The U.S. Federal Reserve is lagging behind its peers like the Bank of China in terms of the resources and manpower dedicated to developing a central bank digital currency. According to a blog post, the belief that the dollar does not need to innovate is a miscalculation. An expert argued that...
UAE President Sheikh Mohamed bin Zayed Forms AI Council to Shape Future Technologies
23.1.2024
Source: Pexels In another pro-tech initiative, the United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan has announced the creation of an Artificial Intelligence and Advanced Technology Council (AIATC). In his capacity as Ruler of Abu Dhabi, the UAE President has issued a...
China Proposes Digital Yuan’s Accelerated Adoption in Beijing and Shanghai
23.1.2024
China authorities have proposed new policies to accelerate the adoption of digital yuan in designated districts in Beijing and Shanghai. According to Xinhua, China State Council’s General Office has announced a comprehensive reform initiative for Shanghai’s Pudong New Area, scheduled to...
EU Provisional Agreement: Crypto Asset Service Providers Added to Obliged Entities List
19.1.2024
As per the provisional agreement struck between the European Union Council and Parliament, crypto asset service providers will be obliged to verify facts and information on users whose transactions exceed $1,090. According to the Belgian Finance Minister, the new requirements will “ensure...
EU Tightens Crypto Regulations with Provisional AML Agreement
18.1.2024
The European Union has provisionally agreed on new anti-money laundering (AML) regulations specifically targeting the crypto sector. According to a press release published by the European Council, the provisional agreement reached by Council and the Parliament focuses on enhancing measures...
Russian Central Bank ‘Turning a Blind Eye’ to Crypto-powered Trade – Senator
17.1.2024
Source: ulchik74/Adobe A Russian senator has claimed the nation’s Central Bank is “turning a blind eye” to firms that use crypto as a payment tool in international trade. Russia’s CoinSpot quoted Ivan Abramov, the First Deputy Chairman of the Federation Council Committee...
Hedera Council Boosts Blockchain Innovation With Billions in HBAR
16.1.2024
The Hedera Council announces an allocation of 4.86 billion HBARs, primarily focused on bolstering initiatives like the HBAR Foundation, Hashgraph Association, and DLT Science Foundation. Hedera Council Commits 4.86 Billion HBARs In a move towards enhancing its network and decentralized governance...
Hedera Adds Major Household Name To Its Council – Why Is This Important?
15.1.2024
Source: AdobeStock / Eagle Hedera has announced the latest member of its governing council – the tech giant Hitachi. Hedera’s President Charles Adkins told Cryptonews why having household names join the ranks is relevant. Hedera Lending Credibility with Hitachi America The Hedera...
Hong Kong Lawmaker Urges Government to Follow US in Approving Spot Bitcoin ETFs
11.1.2024
Source: Pixabay In the wake of the United States’ approval of spot Bitcoin ETFs, a lawmaker in Hong Kong has called on the local government to swiftly follow suit and position the city as a leader in the cryptocurrency space. Johnny Ng, a member of the Hong Kong Legislative Council...
Thai Government’s Digital Wallet Stimulus Plan Under Scrutiny
9.1.2024
Source: AdobeStock / kikujungboy Has the Thai government’s plan to deposit money in citizens’ digital wallets received approval from the legal adviser? Depends on whom you’re asking. The confusion began on Sunday. According to The Nation, the Council of State has given its opinion...
Gold Rush Continues – Central Banks Purchased 44 Tonnes in November
8.1.2024
Krishan Gopaul, senior analyst of the World Gold Council, revealed that central banks kept adding gold to their reserves during November. According to public records and reports from the International Monetary Fund (IMF), central banks added 44t of gold to their coffers, with the Central Bank...
South Korean Tokenization Startup Chooses Klaytn Over Ethereum for Gold NFTs
5.1.2024
The Klaytn Foundation, an organization devoted to expanding the Klaytn ecosystem, announced that Creder, one of its governance council members, will launch a tokenized gold offering called Gold Pegged Coin (GPC) in January. Creder will also launch Goldstation, a decentralized finance platform...
Crypto Voters are a Key Swing Bloc in 2024 Election, New Survey Finds
2.1.2024
Crypto voters could play a key role in swinging the 2024 election, a new survey from the Crypto Council for Innovation reveals. Shaping the 2024 electoral landscape The data reveals that while crypto votes would prefer a Democratic congressional candidate to a Republican one by just four points...