News
Scott Bessent suggested support for the stablecoin and market structure bills being considered in Congress in response to a question about China.
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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
More than half of the top 25 TRUMP tokenholders — those eligible to apply for a "VIP tour" with the president — reportedly used foreign exchanges that exclude US-based users.
1832 - Opinion
Bitcoin, as decentralized and censorship-resistant money, protects financial sovereignty from monetary subjugation by CBDCs and stablecoins and defends against the failures of financial institutions.
1110 - News
Arizona’s plan to invest in Bitcoin has ended in a veto, with Governor Katie Hobbs citing concerns over using public funds for "untested assets."
11526 - Newsletter
Bitcoin is set to reach gold’s market capitalization by 2029, thanks to “structural” ETF inflows and growing governmental adoption, as tariff concerns ease.
3737 - News
Europe will ban anonymous crypto accounts and privacy coins starting in 2027 under sweeping new AML regulations targeting service providers and token anonymity.
28132 - News
Rep. Lance Gooden requested that the General Services Administration explore installing cryptocurrency ATMs, citing Donald Trump's crypto "vision."
2749 - News
The notice from HM Treasury suggested the policies were in response to increasing crypto ownership in the UK and the risk from scams and bad actors.
5080 - News
After the US rejected the idea of a CBDC following Trump's election, it’s yet to be seen whether other countries have any success with their national digital currency projects.
3479 - News
The Arizona House of Representatives approved two bills proposing different methods that the state could use to establish a cryptocurrency reserve.
8370 - News
The IMF’s non-accumulation agreement may leave room for Bitcoin accumulation through non-governmental entities, industry watchers told Cointelegraph.
4850 - News
Russia’s central bank announced a proposal in March to allow a limited number of Russian investors with a certain amount of assets to buy and sell cryptocurrencies under a three-year experimental regime.
3367 - News
The legislation proposed by New York Representative Nydia Velázquez came after the Puerto Rico Governor floated a 4% capital gains tax for new applicants.
7001 - News
The federal financial regulator issued guidelines on "covered" tokens in April that had some members of a Wyoming commission questioning its rollout for a state-issued stablecoin.
2131 - News
The deputy head of Russia’s Finance Ministry’s financial policy department, Osman Kabaloev, has reportedly said the country should be developing its own stablecoins.
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