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Declaring a crackdown? What to make of the DoJ crypto framework release
1.11.2020
The U.S. Department of Justice has articulated its digital enforcement strategy, putting the crypto community on notice
OCC’s Brian Brooks Against Government Issued Digital Dollar – Supports Regulation of Privately Issued Stablecoins
31.10.2020
The acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead, Brooks believes tech companies, which already possess the know-how, to be in a better...
The World Is Never Getting Off Government Stimulus
31.10.2020
The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe
Russian Government Indirectly Gets Into Bitcoin Trading And Custody
30.10.2020
Source: Adobe/Игорь Головнёв
While Russian lawmakers are considering restrictive crypto regulations, a Switzerland-registered subsidiary of Rusian state-owned Gazprombank starts offering crypto trading and custody.
Gazprombank (Switzerland) Ltd said it has received authorization from the Swiss...
Chinese city seeks to power urban governance and more using blockchain tech
29.10.2020
30 new blockchain adoption applications will be considered as part of the city's two-year plan
Iran’s New Crypto Law Requires Miners to Sell Bitcoin Directly to Central Bank
29.10.2020
Iran has reportedly revised the country’s cryptocurrency regulation to require licensed bitcoin miners to sell their coins directly to the central bank for use to fund imports. Iran’s Revised Crypto Law The Iranian government has amended its cryptocurrency regulation to enable...
Loan refinancer and BitLiscensee SoFi is clear to launch a national bank in the US
28.10.2020
The new bank will be subject to heightened scrutiny from the OCC for at least three years
First SEC Official to Say Ether Is Not a Security Is Leaving the Agency Later This Year
27.10.2020
William Hinman, the director of the SEC’s division of corporation finance, is planning to conclude his tenure later this year
Bill Hinman, who spearheaded the SEC's early crypto guidance, is leaving the commission
27.10.2020
Hinman's commentary on the status of cryptocurrencies and the Howey Test was particularly critical to regulation surrounding ICOs
IOTA joins Japanese gov’t on blockchain-based maintenance project
27.10.2020
The IOTA blockchain finds a use case in industrial maintenance
Beijing Government Already Has 100 Uses for Blockchain, Says Expert
27.10.2020
One of China’s leading blockchain academics said that Beijing has adopted 100 uses for blockchain in the government services sector so far – and stated that Chinese state organizations and private sector firms are rapidly finding real-world uses for the technology.
Per Beijing News, the claims were...
Abra CEO's portfolio is 50% Bitcoin as cash is 'becoming worthless'
26.10.2020
Abra's CEO purportedly increased his holdings prior to Bitcoin touching new 2020 highs
Can Github Remove the Bitcoin Codebase? Recent Repository Takedown Has Proponents Worried
26.10.2020
On October 23, the Microsoft-owned Github leveraged an ostensible DMCA takedown in order to remove 18 projects from the code-hosting portal. According to sources, the takedown stemmed from a request filed by the Recording Industry Association of America (RIAA). Github’s recent move has made...
US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies
25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...
South Korean gov't doesn't know who will protect crypto exchanges from Kim Jong-Un’s hackers
23.10.2020
Can anyone hold North Korea responsible for its attacks on the crypto industry?
Law Decoded: Government sandboxes, test beds and crypto compromises
23.10.2020
These week's news highlighted how governments test new regimes for cryptocurrency, which can be slow but is certainly some kind of progress
Russia doesn’t need to be first with a digital currency, says state expert
23.10.2020
Russia is purportedly taking a fast-second strategy for the digital ruble
We need to talk about Steam & China
22.10.2020
The facts of (Chinese government approval) life
No Anti-Blockchain Voices in Russian Government, Says Policy Chief
22.10.2020
The head of the Russian parliament’s financial markets committee Anatoly Aksakov said there are “no anti-blockchain voices in the government,” major industry players remain crypto-keen – and believes that a “cryptoruble” pilot will begin next year.
Per media outlet RBC, Aksakov – the chief...
Goldman Sachs to Settle Massive Corruption Case for $2.8 Billion With US Government
22.10.2020
Goldman Sachs has reportedly agreed to settle with the U.S. government over its role in a corrupt Malaysian government investment fund, which is one of the firm’s worst scandals since the financial crisis. In addition, Goldman Sachs previously agreed to pay the Malaysian government billions...