The Bank of Russia believes that CBDCs can reduce transaction costs in the economy and provide an asset that is less risky.
Government News
The idea of a digital currency with no central authority is in contradiction with any of the government’s policies. It is predictable that a lot of countries would come up with some regulations and rules to control the cryptocurrencies’ flows and exchanges.
Government cryptocurrency policies are very different in each country, even varying by region. For example, “Asian Tigers” have no regulations on crypto exchanges and only slight regulations on ICOs (South Korea is the only “Tiger” where ICOs are banned), but in China both ICOs and exchanges are illegal. In Europe, most of the countries don’t have any regulations on both ICOs and exchanges, so we can say they are in so-called grey area, even though every European authority has warned their citizens about the risks of using crypto. Government crypto news indicates that even democratic government cryptocurrency laws will change in more regulated way.
- News
- News
Andrew Yang, a U.S. Democratic Presidential candidate in 2020, is advocating for clear regulations on digital assets.
- News
The U.S. federal government is expected to raise its blockchain spending to $123.5 million by 2022 — an over 1,000% increase from 2017.
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The Pakistani prime minister has conducted a meeting dedicated to digitization of government operations.
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France’s Minister of Economy and Finance, Bruno Le Maire, has stated that blockchain technology is a priority for his country’s government.
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France is reportedly going to try to convince other European Union member states to adopt cryptocurrency regulations similar to its own.
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by Helen Partz
The National Assembly of France passed a new bill allowing local insurance markets to invest in crypto.
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by Helen Partz
A Chinese blockchain researcher said that privacy, operability, and enterprise integration are major obstacles to the use of blockchain in finance.
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The FATF has required what the company calls “onerous” reporting and record-keeping of exchanges.
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A fellow at a libertarian think tank has criticized the U.S. SEC for stretching regulations in an attempt to regulate cryptocurrencies.
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Pennsylvania-based Ben Franklin Technology Partners will tokenize shares of its Philadelphia investment fund.
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by Helen Partz
U.S. Congressmen sent a bipartisan letter to the IRS asking to clarify the basics of crypto tax reporting.
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The Bermuda Ministry of Finance has approved an ICO for trading company Velocity Ledger Holdings Limited.
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CEOs of leading banks testified before the U.S. House Financial Services Committee about how the industry has transformed since the 2008 financial crisis.
- News
by Aaron Wood
The New York Department of Financial Services has denied Bittrex’s application for a BitLicense.
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