French Hill has chaired the Subcommittee on Digital Assets, Financial Technology and Inclusion since its creation in January 2023.
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.
- 787
The Chamber of Digital Commerce believes that Gambaryan’s detention is arbitrary, without due process, and presents a significant challenge to international law norms and diplomatic relations.
5961Under the updated guidelines, digital asset exchanges and custodians must pay an application fee of 300,000 naira ($186), up from the previous 100,000 naira ($62).
4951President Joe Biden hasn't taken a particularly friendly stance toward cryptocurrency. On the contrary, he's been a lot like his predecessor.
2161Coinbase chief legal officer Paul Grewal says there’s direct evidence that Ether’s futures and spot markets are just as correlated as Bitcoin, suggesting the senator’s letter is misguided.
12073Elizabeth Warren’s anti-crypto stance continues to draw criticisms from within the industry.
1275Chukwumaeze Dike, a crypto enthusiast and cybersecurity specialist, said he finds the request for the top 100 users surprising and doubts Binance will comply.
1895Authorities started an inquiry into the scheme in the spring of 2023 and disclosed that cryptocurrency had been confiscated from funds connected to 37 victims.
12280The first country to adopt Bitcoin as legal tender has made another radical change to its tax code.
8952Readyverse Studios, a project co-founded by the author and producer of the hit film Ready Player One, released a trailer for a battle royale game.
1828The announcement comes after Google pulled its artificial intelligence image generation tool in February following controversies, including historical inaccuracies and contentious responses.
6870The case against Roman Sterlingov showed that Chainalysis tools are flawed — and shouldn't be trusted to convict defendants when they face decades in prison.
4721According to local crypto stakeholder Nathaniel Luz, Nigeria’s crypto ecosystem will see the rise of new crypto exchanges that will fill the vacuum created by Binance’s exit.
46195Through the IndiaAI Mission, India aims to democratize access to computing power and support nationwide AI development.
3577SEC-registered broker Prometheum could force the agency to decide if Ether is a security and CFTC chair Rostin Behnam says that could lead to conflicting rules.
3422