News
The House Rules Committee could add the CBDC bill to the final version of the market structure bill, but may not impact the Senate's own version of the legislation.
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Government News
Led by people in various positions of power, governments create and enforce different laws and guidelines. Governments worldwide vary significantly in approach, procedures, laws, etc. With the advent of the internet and social media, government news is now readily accessible to the public online.
Government cryptocurrency overwatch has increased in the years since Bitcoin’s launch in 2009. The European Union has taken a ground-breaking step by enacting regulations requiring crypto service providers to spot and suppress illegal cryptocurrency activity. Similarly, the Canadian government has established itself as a proactive regulator by authorizing the nation’s first Bitcoin exchange-traded fund (ETF).
In contrast to Singapore’s policy of not taxing long-term capital gains, Japan has taken a progressive stance by recognizing cryptocurrencies as legal property under the Payment Services Act. However, China is a leader in developing its government-backed digital currency, the digital yuan (e-CNY), with numerous pilot projects underway. China has outlawed cryptocurrency exchanges, citing unlawful public financing.
Additionally, government news also throws some light on major economies like the EU, the United Kingdom and the United States that are actively developing and exploring their own central bank digital currency (CBDC) initiatives, while nations like the Bahamas and Nigeria have already implemented CBDCs.
- News
While some legal experts see France’s threat as legally feasible, others argue that it’s only a warning for crypto firms looking for licensing loopholes in the EU.
2917 - News
France’s securities regulator is considering attempting to ban European license “passporting” over concerns related to MiCA regulation enforcement gaps in other EU countries.
3577 - News
Atkins signaled a departure from the enforcement-first approach of the SEC during Gensler’s leadership, including preliminary notices prior to enforcement actions.
2990 - News
South Korea’s Minister of SMEs and Startups, Han Seong-sook, said the regulatory change could stimulate growth in crypto and blockchain technologies.
3125 - News
Thousands of Nepalis turned to Jack Dorsey’s Bluetooth mesh network messaging app in response to the government’s social media ban, which has since been lifted.
5172 - News
The text chain revealed questions the Gemini co-founders sent Brian Quintenz in July that signaled they were looking for certain assurances regarding enforcement actions.
4978 - News
Stephen Miran has made few public statements on crypto or blockchain, but signaled in interviews before joining the Trump administration that he would support digital assets.
3338 - Market Update
Bitcoin surged past $114,000 as softer-than-expected US PPI data reinforced Federal Reserve interest rate cut expectations.
4767 - News
Kyrgyz lawmakers passed amendments to the “On Virtual Assets” bill in three readings, defining terms like a state crypto reserve and state crypto mining.
12240 - News
President Alexander Lukashenko claims crypto exchanges operating in Belarus are on track to possibly double external payments by the end of the year.
3406 - Market Update
A record-breaking US jobs revision set the stage for the Federal Reserve to cut rates, a move which could supercharge the next Bitcoin price breakout.
4812 - Analysis
The first university graduate course on Bitcoin has ended. Here’s the assigned reading, grading structure and lessons learned — from the lecturer himself.
9470 - News
The task force has already conducted roundtables to address issues related to digital asset regulation while proposing changes to the commission's rules.
7236 - News
The president announced his “CryptoCity” plans would be developed in Alatau, while the government would move forward to create a strategic crypto reserve with “promising assets.”
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