News
The Albanese-led government intends to release draft legislation in 2025 for public consultation and promised to work with Australia’s four largest banks to better understand de-banking.
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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
Evgeny Masharov, a member of the Russian Civic Chamber, said that forfeited crypto “should work for the benefit of the government.”
17457 - Analysis
The high-profile SEC case against Ripple seems to have come to a close, but the crypto industry still doesn’t have the legal framework it wants.
10849 - Explained
Bitcoin is a volatile digital asset, gold is a stable physical store of value, and oil is a key energy resource with geopolitical risks.
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The US Housing Department has discussed possibly using a stablecoin to fund grants and tracking it using blockchain, ProPublica reports.
6837 - Analysis
As Nigeria grapples with economic challenges, the government is set to introduce a tax on cryptocurrency transactions. This move appears to be an effort to tap into the burgeoning digital economy and the informal sector.
2598 - News
A senior White House official said on March 7 that the crypto summit would not cover taxes, and some industry leaders expressed hope for a regulatory framework.
6192 - News
The Democratic lawmaker asked David Sacks to make official filings public showing he had “made appropriate divestments” to crypto that didn’t represent conflicts of interest.
23204 - Analysis
The White House Crypto Summit brings top industry leaders together as President Trump’s Bitcoin reserve plans spark debate over the future of crypto policy in the US.
4571 - News
Bitcoin analysts warn of limited upside after Trump’s reserve plan excludes new government purchases, with BTC struggling to hold above key resistance levels.
7797 - News
Trump’s US Bitcoin reserve is expected to drive global adoption, boost institutional investment and cement Bitcoin as a strategic asset, analysts say.
4905 - News
President Donald Trump’s executive order confirmed that Bitcoin is “no longer an outsider” among global financial assets.
22540 - News
A district administration in India digitized more than 700,000 land records, securing them on Avalanche blockchain to ensure transparency and prevent tampering.
7148 - News
The resolution repealing the IRS rule will need to pass the House and, if successful, will be sent to US President Donald Trump, who has signaled he’ll support killing the rule.
3106 - News
Ripple CEO Brad Garlinghouse and Strategy executive chair Michael Saylor said they had received invitations to the March 7 event.
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