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AHLA and HFTP Form Committee to Update Lodging Industry Protocols
3.10.2019
The lodging industry in the United States has been in existence for a long time and over the course of the past nine decades, it has followed certain protocols with regards to financial reporting. During that period, the US lodging industry has used the USALI protocol for its financial reporting...
Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet
2.10.2019
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...
US House Financial Services Committee and SEC: Whose Move on Crypto?
25.9.2019
A follow-up to Tuesday’s U.S. House hearing with the SEC asks where to look for coming crypto regulation
North Korea Plans to Launch Cryptocurrency to Bypass Economic Sanctions
19.9.2019
A North Korean official claims that a Democratic People’s Republic of Korea (DPRK) cryptocurrency is on the horizon. According to a delegate for the Committee for Cultural Relations, Alejandro Cao de Benós, the country plans to forge a token backed by a physical commodity like gold...
Indian Government’s Steering Committee submitted its Final Report on Fintech-related Issues
5.9.2019
The Indian Ministry of Finance declared recently that the Steering Committee on Fintech-Related Issues had presented its last report to the finance minister. The committee was established by the DEA (Department of Economic Affairs) under the chairmanship of Subhash Chandra Garg who was the...
Indian Government’s New Report Views Crypto Positively
4.9.2019
A new Indian government report has put cryptocurrency in a positive light, viewing the mechanisms surrounding it, including initial coin offerings, as “revolutionizing the global fintech landscape.” The report also discusses the regulation of coins and tokens. Also read: Indian...
Human-Trafficking Expert Urges US Congress to Regulate Crypto Miners
3.9.2019
A former U.S. Treasury official urged Congress to regulate cryptocurrency miners in order to fight human trafficking
Bithumb Exchange Is Launching Listing Committee for Cryptocurrency
24.8.2019
South Korean crypto exchange Bithumb to roll out a new committee in September. The committee will monitor the markets and decide which cryptocurrencies are feasible to trade online As per the reports, the committee came into motion on Aug. 22. This committee will keep a check on the listings of...
Rep. Waters Says Congress Will Continue Review of Facebook’s Libra
23.8.2019
Congresswoman Maxine Waters announced a tentative schedule for this fall including a continued review of Facebook's Libra initiative
Indian Supreme Court Heard Crypto Case in Depth Today
8.8.2019
The Indian supreme court finally heard the crypto case today after postponing it several times. The court addressed the government’s crypto policy as well as the writ petitions challenging the banking restriction by the central bank. The latter was heard in some detail while the former...
US Committee to Debate Crypto Tax Reform, Indians ‘Face Questionnaire’
8.8.2019
Politicians and tax regulators around the world are continuing to struggle with the thorny issue of cryptocurrency taxation – with a congressional financial committee set to debate a “tax fix” act on crypto tax in the United States and Indian authorities reportedly grilling crypto holders with...
Facebook Engages Former Aide of US Senate Banking Committee to Campaign for Its Cryptocurrency Libra Project
7.8.2019
Facebook has engaged Former Aide of the U.S. Senate Banking Committee to campaign for its new Libra cryptocurrency venture. The U.S. Senate’s ongoing hearings on cryptocurrency had a few representatives state that they are supportive of the U.S. driving in crypto and blockchain, while others...
US Senator: ‘I Don’t Think You’ve Persuaded Anyone’ Crypto Creates Financial Inclusion
30.7.2019
Sen. Brian Schatz (D.-HI) questioned the claim that blockchain spurs financial inclusion at Tuesday's Banking Committee hearing
Watch the Senate Banking Committee’s Crypto Regulation Hearing Live
30.7.2019
The U.S. Senate Banking Committee is about to hold its hearing on regulation for cryptocurrencies and blockchain. Here's how you can watch it
Circle CEO Allaire to Congress: Treat Crypto as a New Asset Class
29.7.2019
Circle CEO Jeremy Allaire calls for Congress to treat digital assets as their own asset class in testimony for Tuesday's Senate Banking hearing
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...
Senate Banking Committee to Hold Hearing on Crypto Regulation Next Week
24.7.2019
The Senate Banking Committee has scheduled a hearing on cryptocurrency and blockchain regulatory frameworks for July 30
Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing
23.7.2019
The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report...
Drama of Indian Crypto Industry Continues as Inter-Ministerial Committee Proposed Complete Ban
23.7.2019
The drama surrounding the fate of the crypto industry in India continues to grow, as the inter-ministerial committee has now proposed a ban of crypto. While this doesn’t come as a complete shock, recent proceedings in the Parliament’s Upper House suggested that cryptocurrencies will soon be made...
Congress Drew a Fine Line Between Libra and Crypto – That’s a First
23.7.2019
Lawmakers at last week’s hearings took pains to distinguish Facebook’s Libra from the broader crypto space, showing a new maturity in their approach