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China state-owned Greenland to apply for Hong Kong virtual asset trading license
17.5.2023
The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says
Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’
17.5.2023
Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank...
China, France to Deepen Ties Following Meeting of French President Macron and Chinese Leader Xi Jinping
15.5.2023
Chinese and French foreign ministers have expressed readiness to strengthen cooperation and pursue a “close and enduring comprehensive strategic partnership,” according to China’s Ministry of Foreign Affairs. This followed a “successful” meeting between French...
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
14.5.2023
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature...
Quadriga CX Customers to Finally Receive Payout: Creditors to Get 13% per Dollar
13.5.2023
EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$215.7 million and assets totaling around C$28...
Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in Florida
13.5.2023
On Friday Florida’s governor Ron DeSantis signed legislation that bans the use of a central bank digital currency (CBDC) in the state. Following the bill SB 7054 being signed into law, Florida’s Uniform Commercial Code (UCC) now explicitly forbids the use of a federally adopted CBDC as money....
Texas votes to add crypto into state’s bill of rights
12.5.2023
Texas lawmakers vote to add digital currency to the state's Bill of Rights, granting individuals the right to use digital currencies like Bitcoin for trading
Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly
11.5.2023
The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be available
Texas Lawmakers Vote To Cement Digital Currencies in Lone State’s Bill of Rights
11.5.2023
Texas lawmakers voted almost unanimously to change the state’s bill of rights to include the right of its residents to own, hold and use digital currency.
The joint resolution was passed through a 139-2 vote on Wednesday....
Read More: Texas Lawmakers Vote To Cement Digital Currencies in Lone...
Joseon: Finally, Cryptocurrency Has a Safe Haven
11.5.2023
The cryptocurrency industry has faced significant regulatory challenges in recent years, with the SEC and CFTC taking action against various projects, including sending Wells notices to Coinbase. Amidst this regulatory landscape, the concept of sovereignty and international law has become...
FTX Lawsuit Against Shaq Takes a Wild Turn: Court Documents Allegedly Thrown at NBA Star’s Car
10.5.2023
In a recent court submission, legal representatives for basketball icon Shaquille O’Neal, commonly referred to as Shaq, claim he was not duly served in the FTX class-action lawsuit. As per the document, servers allegedly hurled the court documents at Shaq’s car, ultimately landing...
Previewing Congress's Joint Crypto Regulation Hearing
10.5.2023
Over the past several weeks, Congress – particularly the House Financial Services Committee – has held a number of hearings on crypto and its role in the world. Even a hearing supposedly focused on overseeing the U.S. Securities and Exchange Commission instead mostly saw questions on crypto...
Liechtenstein Prime Minister Says Government to Accept Bitcoin Payments, Open to Investing Reserves in BTC
9.5.2023
Liechtenstein’s prime minister has reportedly revealed that bitcoin payments will be accepted for some government services. “A payment option with bitcoin is coming,” he said, adding that he is open to investing state reserves in the cryptocurrency. Bitcoin Adoption...
State-sponsored Chinese AI firm launches bot service to ‘surpass’ ChatGPT
8.5.2023
Chinese tech company Iflytek recently made waves with the launch of its “Spark Model,” an AI system it says will surpass ChatGPT by the end of the year
Liechtenstein Plans to Accept Bitcoin for Payments to State, Prime Minister Says: Report
8.5.2023
Under the plans, any crypto received will immediately be exchanged for Swiss francs, Prime Minister Daniel Risch told German news publication Handelsblatt
‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US
8.5.2023
New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and it is time...
New York Attorney General Seeks New Crypto Powers for State Regulators: Report
5.5.2023
The bill follows legal suits taken by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo
Argentine Foreign Minister Says a Latin American Common Currency Would Relieve Argentina’s Stress on the Dollar Issue
5.5.2023
Argentine Foreign Minister Santiago Cafiero referred to the advantages the issuance of a Latin American common currency would give Argentina. Cafiero stated that the existence of such a currency would relieve the stress that the country is currently facing regarding the state of its foreign...
Wrapping Up Consensus 2023
4.5.2023
Missed Consensus 2023? Catch up on some of the most important conversations here
North Carolina House Passes Bill Banning State Agencies From Accepting CBDCs
4.5.2023
The North Carolina House of Representatives passed a bill that would ban state agencies from accepting payments in central bank digital currencies.
Lawmakers passed that bill 118-0 on Wednesday.
The bill would encompass “any institution, bureau, board, commission, officer, or political...