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Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream
8.1.2020
A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s...
South Korean Presidential Committee Recommends Allowing Bitcoin Derivatives
6.1.2020
The South Korean Presidential Committee on the Fourth Industrial Revolution has reportedly recommended the government to allow the development of crypto derivatives
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...
Int'l Regulator Basel Committee Calls for Prudent Rules for Crypto
16.12.2019
The Basel Committee on Banking Supervision calls for conservative treatment of crypto assets
Basel Committee Initiates Discussion on Crypto + More News
12.12.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
A global banking regulator says it will listen to input on a new cryptocurrency discussion paper. Per a press...
SEC Taking ‘Measured’ Approach to Digital Asset Regulation, Jay Clayton Tells Senate Committee
11.12.2019
The chairman of the U.S. Securities and Exchange Commission, Jay Clayton, says his agency is taking a "measured" regulatory stance on "promising" blockchain tech
South Korean Committee Passes Bill Enforcing FATF Crypto Rules
27.11.2019
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task...
Migration Committee Community Update of NEM Foundation
23.11.2019
Catapult Migration Group is preparing the ground for the launch of the Catapult project. The launch is expected to happen in Q1 2020, and in the run-up to the launch, the group is constantly updating the users and prospects about the ongoing developments. Among other aspects, the most important...
South Korean Exchange CEO Sentenced to 16 Years in Prison
13.11.2019
A South Korean district court has sentenced executives of a local crypto exchange to prison. The CEO of the exchange got a 16-year jail sentence while other executives and their accomplices got between six and 11 years. They duped thousands of investors, promising them up to 200% return within...
FBI Says Bitcoin Concern Is Getting ‘Bigger and Bigger’
7.11.2019
In a recent U.S. Senate Committee on Homeland Security And Governmental Affairs hearing, Senator Mitt Romney expressed concerns about Bitcoin’s potential as a threat to national security. Federal Bureau of Investigation (FBI) Director Christopher Wray replied that cryptocurrency is a concern...
Korean Presidential Committee Pushes to Legalize Crypto
31.10.2019
A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto...
Zuckerberg: Facebook Would Quit Libra if Association Launched Prematurely
23.10.2019
Facebook's CEO told lawmakers the company would pull out of the Libra Association if the consortium launched its cryptocurrency without regulatory approvals
How to Watch Mark Zuckerberg’s Grilling in Congress Today
23.10.2019
Facebook's Mark Zuckerberg will be testifying before lawmakers on Libra and more later today. Watch the livestream here
US House Committee Demands Zuckerberg Testify About Libra Before January
4.10.2019
The U.S. House Financial Services Committee invites Facebook COO Sheryl Sandberg to testify on the condition that CEO Mark Zuckerberg follows suit by January
US House Committee Pressuring Zuckerberg to Testify on Libra: Report
4.10.2019
Facebook CEO Mark Zuckerberg is facing pressure to testify before U.S. lawmakers on the firm's cryptocurrency project Libra
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...