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Shanghai Man: AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities
17.12.2021
US Senate confirms CFTC chair as President Biden announces commissioner picks
16.12.2021
At his October confirmation hearing, Rostin Behnam said it was "critically important to have a primary cop on the beat" of an emerging market that included cryptocurrencies and stablecoins
Kazakhstan's central bank reports results on CBDC pilot project
16.12.2021
The National Bank of Kazakhstan said it plans to present some of the results of the CBDC study to stakeholders in July 2022 and reaching a decision on launching a digital tenge by December
Indian Government to Make Additional Changes to Crypto Bill: Report
16.12.2021
The Indian government is reportedly making additional changes to the country’s crypto bill. The bill, which is listed for the current session of parliament, may be taken up in the budget session instead. According to reports, the government could also “consider bringing an ordinance...
IMF chief economist calls for global policy on cryptocurrency
16.12.2021
The economist's remarks come as nations around the world consider how to control cryptocurrencies
Tether lauds Myanmar shadow government for making USDT an official currency
16.12.2021
The stablecoin issuer called NUG’s USDT adoption a significant event that goes “beyond the potentials of cryptocurrency.”
Aussie Regulatory Body Backs Government’s Plan to Regulate Crypto
16.12.2021
In a bid to develop new regulations for cryptocurrencies and other digital assets, Australia’s regulators - acting through their joint body, the Council of Financial Regulators (CFR) - have released a statement in which they embrace the government’s plan to implement a payments and crypto-asset...
Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022
16.12.2021
According to the U.S. lawmakers, the infrastructure law contains an “overly-broad interpretation” of what a broker is and places the reporting burden on individuals who may not have the necessary information to comply
Fed chair Jerome Powell says he isn't concerned about crypto disrupting financial stability in the US
15.12.2021
“Stablecoins can certainly be a useful, efficient consumer-serving part of the financial system if they’re properly regulated,” said Jerome Powell
Witnesses offer differing opinions on approach to stablecoins at congressional hearing
14.12.2021
Every witness who appeared in front of the committee seemed to have their own rallying cry for U.S. lawmakers, from calling for greater KYC/AML compliance to "avoid policies that encourage the growth of stablecoins."
'DeFi is the most dangerous part of the crypto world,' says Senator Elizabeth Warren
14.12.2021
The U.S. lawmaker claimed that the value of stablecoins would "take a nosedive," with small investors largely feeling the effects of a potential downturn
Ukrainian bank uses Stellar to launch electronic hryvnia pilot
14.12.2021
Ukraine’s Ministry of Digital Transformation supports a Stellar-based private stablecoin project developed by a local bank
Nigerian Government Minister Calls for Regulation of Crypto, Considers Additional Body ‘to Play That Role’
14.12.2021
A minister in the Nigerian government has called on authorities in the country to consider regulating cryptocurrencies instead of clamping down on them. The Law Does Not Stipulate Who Regulates Cryptos In what appears to be a rebuke of the Central Bank of Nigeria (CBN) over its stance...
Myanmar’s Exiled Government Embraces Tether To Combat Military Regime
13.12.2021
Myanmar’s shadow government has recognized tether (USDT) as its official currency - with plans to use the stablecoin to collect funds for a campaign against the country’s military junta. ...
Read More: Myanmar’s Exiled Government Embraces Tether To Combat Military Regime
Myanmar shadow government declares stablecoin USDT an official currency
13.12.2021
The NUG finance minister said Tether use would enhance trade speed and payment efficiency
UK Intelligence Chief Raises Concerns About Use of Digital Renminbi to Control Global Transactions
13.12.2021
The chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its digital renminbi. Sir Jeremy Fleming stated that the already existent Chinese CBDC could be used to collect information from users...
Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals
13.12.2021
Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of a Korean lawmaker, quoted by local media. Former Financial Officials Hired by Major...
Prime Minister Modi’s Twitter Account Hacked — Tweets Bitcoin Legal Tender in India, Government Giving Away BTC
12.12.2021
The Twitter account of Indian Prime Minister Narendra Modi was compromised and a tweet was posted claiming that the government of India has adopted bitcoin as legal tender and purchased 500 coins to distribute to all residents in the country. This hack came at a critical time in India as...
Russia’s Federation Council to Set Up Working Group on Crypto Regulations
12.12.2021
The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body....
Reelected Miami mayor to take 401k retirement savings partly in Bitcoin
11.12.2021
Miami Mayor Francis Suarez also receives a part of his salary in Bitcoin with the help of a third-party payment processor Strike