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.
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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
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.
2811 - News
Bitcoin Policy Institute executive director Matthew Pines said that tariff earnings are “budget-neutral” and can be used by the US government to buy Bitcoin.
8232 - News
The chair of Ukraine’s securities regulator, Ruslan Magomedov, says it made the crypto tax framework for lawmakers to make informed decisions on the various options.
5472 - News
Tokinvest co-founder Scott Thiel told Cointelegraph that the new development opens up Dubai’s real estate market to global investors.
3786 - News
Binance founder Changpeng Zhao has agreed to advise Kyrgyzstan on blockchain and crypto-related matters to strengthen the country’s government and economy.
13547 - Analysis
Economic observers are concerned over Trump’s tariff policy, which has markets worried about a possible recession.
4134 - Opinion
Elon Musk’s ambitious plan to integrate blockchain into the US Treasury has sparked intense debate. While blockchain promises transparency and accountability, its implementation faces significant challenges.
1052 - News
Messaging apps gather users’ data and violate their privacy. Session co-founder Kee Jeffreys says encryption and decentralization are the solution.
5150 - News
Vanuatu has passed crypto regulation and licensing legislation that a government adviser says is strict to dissuade bad actors that may seek to take advantage of small island nations.
4235 - News
Two special elections have the potential to narrow Republicans’ majority in the House of Representatives, but many experts suggested the races are a long shot for Democrats.
2756 - News
US representative Maxine Waters reiterated a warning to acting SEC Chair Mark Uyeda following reports DOGE would gain access to sensitive agency information.
6363 - News
US Senator Elizabeth Warren and four colleagues quizzed leadership at the OCC and Fed about the “unprecedented risks” of President Donald Trump overseeing the WLFI stablecoin.
3475 - News
Responsible for attempts to shutter USAID and the CFPB, the team led by the world’s richest man has reportedly been given access to one of the biggest US financial regulators.
8388 - Opinion
Innovative solutions like selective disclosure and dual-asset systems can balance data protection with regulatory compliance, paving the way for widespread adoption and innovation in Web3.
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