The Bank of England's deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a crucial anchor for confidence in money as a social convention.
Led by people in various positions of power, governments create and enforce different laws and guidelines. Governments across the world vary significantly in terms of approach, procedures, laws, etc. Government news today often becomes public online — different in form from the newsstands of yesterday.
Government cryptocurrency overwatch has increased over the years since Bitcoin’s launch in 2009. The U.S. government, in particular, has enforced a number of regulations in the crypto industry. Other governments have also taken various steps toward regulating the digital asset space. Additionally, talk of government-backed cryptocurrency, called central bank digital currency, or CBDC, has surfaced among government world news.
An up-and-down week was filled with high volumes for animal tokens and a flurry of digital yuan news, capped by a large fundraising round for Babel Finance.14094
Of the 75 enforcement actions on crypto brought by the commission from 2013 to 2020, the majority involved allegations of fraud or unregistered securities offerings.6366
The U.S. SEC will monitor the compliance of mutual funds with exposure to Bitcoin futures and look into whether the market can accommodate an ETF.11412
Three blockchain executives discuss their work with governments in fraught political contexts and the questions it raises about blockchain’s claim to the libertarian banner.7258
A new capital gains tax scheme on crypto trades is still being discussed, according to a tax official.16033
Kazakhstani authorities plan to improve their regulatory approach in order to strengthen the country’s position in the global crypto market.9760
A close look at the policy issues relating to the potential impact of stablecoins on financial systems and economies around the world.16172
Turkey’s Minister of Treasury and Finance sheds light on regulatory actions following an alleged $150-million crypto exchange scam.20147
A new public-private partnership between the Fantom Foundation and the Tajik Ministry of Industry of New Technologies will see the two roll out a range of blockchain-based solutions across nationwide IT infrastructure.8628
Gary Gensler said a regulatory framework for digital assets from the SEC or CFTC "could instill great confidence" for investors.16427
An internet startup association in India has asked the government to define cryptocurrencies like Bitcoin as digital assets and not currencies.6902
Authorities are looking to tighten their grip on the cryptocurrency industry.3920
The Bahamas is beginning a push for national digital currency adoption this summer, the central bank's governor, John Rolle, said.26356
More than half of the survey respondents favored the controversial crypto tax law in South Korea.12533