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Obama's Under Secretary for Terrorism Appointed CEO of Libra
6.5.2020
A man who enforced anti-money laundering under two U.S. presidents has been named the CEO of the Libra Association
Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...
Treasury Secretary Mnuchin Gives Testimony on Cryptocurrency, New Regulations Rolling Out Soon
13.2.2020
U.S. Treasury Secretary Steven Mnuchin gave his testimony on cryptocurrency before the Senate Finance Committee on Wednesday. Mnuchin said crypto is a “crucial area” that the Treasury has spent a lot of time on. He also talked about stablecoins and announced that new crypto regulations...
US Treasury Secretary Promises "Significant New Requirements" on Cryptocurrency
13.2.2020
Cryptocurrency remains a political issue in the United States
US Financial Crimes Watchdog Preparing ‘Significant’ Crypto Rules, Warns Treasury Secretary Mnuchin
12.2.2020
U.S. Treasury Secretary Steven Mnuchin said FinCEN is preparing "significant new requirements" around cryptocurrencies to tamp down illicit activity
UN Secretary-General at WEF: Dark Side of AI Threatens Our World
24.1.2020
In a symposium at the World Economic Forum, Antònio Guterres, Secretary-General of the United Nations, outlined what he believed were four gravest threats that the world faced today: climate war, mistrust of leaders, an increase of geopolitical tension, and the dark side of digital. Guterres...
Kerala Outlines Plans to Become India’s Blockchain Hub
9.1.2020
The Indian state of Kerala is actively exploring using blockchain technology to improve a wide range of existing systems, including financial. Thousands of people are already being trained in the state to become blockchain experts, some of whom have already graduated, according to the state’s...
Subhash Chandra Garg on the Future of Crypto
5.1.2020
India’s former Finance Secretary Subhash Chandra Garg has shared his views on the future of cryptocurrency, both in India and worldwide. He headed the committee responsible for drafting the infamous bill to ban cryptocurrencies, which the crypto community calls flawed in many regards. Also...
United Nations Must Embrace Blockchain: UN Secretary-General
28.12.2019
United Nations must embrace blockchain technology, according to the organization’s secretary-general António Guterres
Mnuchin Affirms $1.5 Trillion Unaccounted For, Still Demands Strict Bitcoin Regulation
23.12.2019
U.S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1.5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.” The famously anti-bitcoin U.S. official noted that “there’s a lot...
US Government Worried Crypto Can Shift Power to Private Sector
28.11.2019
Cryptocurrency is one of the top issues for the U.S. Treasury. Particularly, the Treasury is worried decentralized cryptocurrencies can shift some functions away from the government to the private sector and raise the issue of self-government, according to Deputy Secretary of the Treasury Justin...
US Deputy Treasury Secretary: Crypto Raises Questions on Self-Government
22.11.2019
Digital currencies can shift some functions usually performed by the government to the private sector, the U.S. Deputy Treasury Secretary argued
Is China’s New Fascination With Blockchain Really Good for Bitcoin?
27.10.2019
Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging...
US Treasury Secretary Says Firms Left Libra Due to Compliance Issues
14.10.2019
Steven Mnuchin has said that Facebook’s forthcoming Libra stablecoin is not ready to comply with existing money-laundering standards
US Treasury Secretary: Regulatory Fears Forced Libra Exodus
14.10.2019
U.S. Treasury Secretary Mnuchin said backers of Facebook’s Libra withdrew from the project, fearing it would not meet regulatory standards
US Secretary of State Says Crypto Should Be Regulated Like SWIFT Transactions
21.8.2019
Michael Pompeo has said he believes that cryptocurrencies should be regulated in the same way as electronic financial transactions
US Secretary of State Wants to Regulate BTC Like Other E-Transactions
20.8.2019
U.S. Secretary of State Pompeo believes that Bitcoin should be regulated the same way as other electronic financial transactions
Indian Government Official Resigns After Drafting ‘Flawed’ Crypto Bill
26.7.2019
The Indian government official who headed the committee which drafted the bill to ban cryptocurrencies has resigned after releasing the report and draft bill which the crypto community calls “flawed.” Meanwhile, the government has confirmed that cryptocurrency is currently...
How Government Agencies Make Criminals of Crypto Traders
26.7.2019
A New Jersey man has been indicted this week for converting over $2 million to bitcoin and operating a private exchange business not registered with the U.S. Secretary of the Treasury. According to a July 24 press release by the U.S. Attorney’s office, 46-year-old William Green could face...
US Treasury Secretary Mnuchin Thinks Outlook for Bitcoin Is Bleak
24.7.2019
Secretary Steven Mnuchin said, "I will personally not be loaded up on bitcoin in 10 years.”