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UK Economic Affairs Committee unconvinced by prospect of retail CBDC
13.1.2022
A new report highlights private-sector innovation and greater financial inclusion with CBDCs, but raises concerns around the descending hegemony of the U.S. Dollar
US Fed Chair's Top 3 Crypto-Related Comments in Front of Senate Banking Committee
12.1.2022
The US Federal Reserve (Fed) Chair Jerome Powell discussed the central bank's COVID-19 response and financial stability, among other issues, during his re-nomination testimony on Tuesday in front of the Senate Banking Committee. He also made several comments that may potentially have an impact...
Kosovo Halts Cryptocurrency Mining Amid Energy Crisis
5.1.2022
The government of Kosovo has decided to suspend crypto mining activities in the country as part of measures to deal with power shortages this winter. The move has been proposed by a special parliamentary committee tasked with bridging the gap between electricity demand and supply. Kosovo...
India’s Monetary Policy Committee Member: Total Crypto Ban Is Difficult to Implement, Crypto Assets Should Be Regulated
5.1.2022
A renowned economist who is a member of India’s Monetary Policy Committee says that a total cryptocurrency ban is difficult to implement and “would only increase illegal activities and participation in the darknet.” She believes that crypto assets should be regulated. Monetary...
Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs
3.1.2022
Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose...
Former Finance Secretary Doubts Indian Government Understands Crypto
24.12.2021
The Indian government has not introduced the cryptocurrency bill that was listed to be taken up in the winter session of parliament. Former Finance Secretary Subhash Chandra Garg says he has no confidence in the ability of the Indian government to figure out crypto. Garg headed...
Russians Have Invested Over $67 Billion in Cryptocurrency, Lawmaker Reveals
21.12.2021
Interest in cryptocurrencies has been growing in Russia, not least among non-qualified investors. According to recently quoted estimates, Russians have already put more than $67 billion into the crypto market, the capitalization of which has increased significantly this year. Russians Spent Some...
Global Markets, Bitcoin Defy Expectations After Fed’s Hawkish Taper Plan Announcement
16.12.2021
Global markets have defied predictions as the U.S. Federal Reserve and several central banks worldwide are prepping to slow down monetary easing policy. On Wednesday, the U.S. central bank’s Federal Open Market Committee (FOMC) said it plans to taper quantitative easing (large monthly asset...
Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals
13.12.2021
Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of a Korean lawmaker, quoted by local media. Former Financial Officials Hired by Major...
House committee announces crypto CEOs will testify at Dec. 8 hearing on digital assets
1.12.2021
The hearing, named Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States, is the latest from Congress to explore the issues concerning crypto assets
Finance Committee Approves Legislation Delaying Crypto Tax in South Korea
30.11.2021
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead...
Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing
24.11.2021
The senator said he had "significant concerns with the non-standardized terms applicable to redemption of particular stablecoins" in separate letters to eight crypto firms
American Crypto Bosses Face Congress Committee Grilling in December
23.11.2021
“Several crypto CEOs” will be summoned to speak at a parliamentary hearing in the United States next month, according to the Blockchain Association, an industry group representing many of the nation’s top players.
In a series of tweets from the association’s Director of Government Relations...
Nigerian Crypto and Blockchain Advocacy Group: Freezing or Closure of Bank Accounts Not Supported by Law
23.11.2021
The Blockchain Industry Coordinating Committee of Nigeria (BICCON), has said it is not lawful for Nigerian financial institutions to arbitrarily freeze or close bank accounts belonging to individuals or entities accused of trading cryptocurrency. Affected Crypto Entities Told to Seek Legal Advice...
Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn
20.11.2021
Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may arise in the field of information security. Financial Market Committee Sees Threats in Digital...
Congressman Threatening Violence With Attack on Titan Sees Actual Consequences
17.11.2021
Nine days after Rep. Paul Gosar tweeted a now-deleted Attack on Titan-themed video of himself and his Republican colleagues killing Rep. Alexandria Ocasio-Cortez and President Joe Biden, the House of Representatives voted to censure Gosar and remove him from his two House committee appointments....
Digital Ruble Should Not Boost Inflation, Bank of Russia Says
17.11.2021
Bank of Russia is preparing for a prolonged trial of the digital version of the national fiat to ensure this is a “full-fledged ruble,” the head of the monetary authority has emphasized. The regulator has put forward some conditions for the implementation of the new currency project....
Indian Parliament Committee Discusses Crypto Regulation With Industry Experts
15.11.2021
India’s parliamentary committee on finance has held a meeting with representatives from the crypto industry and other stakeholders on cryptocurrency and its oversight. “There was an understanding that cryptocurrency can’t be stopped but it must be regulated”...
US Congress plans 'demystifying crypto' committee hearing for Nov. 17
11.11.2021
Representative Don Beyer — who has previously proposed legislation expanding the regulatory and legal framework for digital assets in the U.S. — will be chairing the hearing
Digital Transformation Committee Recommends Amended Ukrainian Crypto Law for Adoption
30.10.2021
The law “On Virtual Assets,” Ukraine’s attempt to regulate its growing crypto space, has been revised again and recommended for final adoption. A key parliamentary committee has given its support for the bill which was vetoed by the Ukrainian president this month. Ukrainian...