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Ethics Watchdog Bars US Government Employees From Writing Crypto Policy if Invested
6.7.2022
U.S. officials who are personally invested in cryptocurrencies are now disqualified from working on crypto-related policy and regulation that could impact the value of their assets
Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM's government
6.7.2022
In his resignation letter, Economic Secretary to the Treasury John Glen said that “vital reforms" to the country’s financial services were ready to be presented to Parliament
UK City Minister, Crypto Proponent John Glen Resigns as Ministers Quit Johnson Government
6.7.2022
In April, Glen had outlined the U.K.'s ambitions to become a crypto hub and produce a regulatory package for crypto assets
India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit
6.7.2022
In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are fears the import duty hike will spur a resurgence in the smuggling of the commodity. India’s...
Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty
6.7.2022
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating the turmoil that...
High-ranking crime fighter to join UK’s FCA as payments and digital assets director
6.7.2022
The Financial Conduct Authority is introducing the post of digital assets director as part of a hiring spree that goes along with its new, more assertive strategy
Italian government will provide $46 million in subsidies for blockchain projects
5.7.2022
All companies developing IoT, AI, or blockchain technology will be eligible to apply for government subsidies provided the funds will be used in specific sectors, such as health
UK government seeks public input on DeFi taxation
5.7.2022
The HMRC is asking for input from investors, professionals, and organizations involved in DeFi-related activities
UK Government Seeks Views on DeFi Taxation
5.7.2022
The U.K. government is seeking views from investors, professionals and companies on taxation of decentralized finance (DeFi) activities
Ghana Changes Mind on IMF Bailout Days After Residents Staged Protests Against Worsening Economic Situation
5.7.2022
The Ghanaian government has reportedly changed its mind and will now seek a financial rescue package from the International Monetary Fund (IMF). The decision comes just a few days after residents took to the streets to protest the spiraling inflation and growing economic hardships. Ghana’s...
Dubai Is Preparing to Take Its Government to the Metaverse
4.7.2022
The Government of Dubai is preparing to make part of its offices available in the metaverse, according to reports. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world, per statements made at a metaverse event by Sharad...
Singapore's financial watchdog considers further restrictions on crypto
4.7.2022
The Monetary Authority of Singapore may consider “placing limits on retail participation” for investors, as well as introduce rules on the use of leverage for crypto transactions
Colombia to Use Ripple Ledger to Issue Land Registry Certificates
4.7.2022
The government of Colombia announced a new system that will allow it to use the Ripple Ledger to store and authenticate property titles. The system, which was developed by a third-party company called Peersyst Technology, aims to allow the National Land Agency to issue a record number of land...
Coinbase Responds to Reports of Selling Customer ‘Geo Tracking’ Data to US Government
3.7.2022
The Nasdaq-listed cryptocurrency exchange Coinbase has insisted that it does not sell “proprietary customer data” after reports surfaced that its Tracer product is providing “historical geo tracking data” to the U.S. Immigrations and Customs Enforcement (ICE). Coinbase...
Coinbase denies reports of selling customer data to the US government
1.7.2022
Coinbase clarified that the crypto exchange was not selling its users’ data and highlighted that it only provides information for investigations of financial crimes
Coinbase providing customer geolocation data to ICE: Report
30.6.2022
The U.S. government agency is reportedly using Coinbase Tracer to access customers' historical geo-tracking data and transactions on over a dozen cryptocurrencies
Biden Official Says US Government Could Pass Stablecoin Rules by End of Year
30.6.2022
The President’s Working Group on Financial Markets discussed issues that should be addressed by stablecoin legislation in a meeting Thursday
Integrating blockchain-based digital IDs into daily life
30.6.2022
Blockchain tech is pushing the boundaries of ID management as governments look for scalable solutions that promote privacy, control and decentralized data management
Uzbekistan Presents Registration Requirements for Cryptocurrency Miners
29.6.2022
Authorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want to mint digital currencies will have to register with the government and use renewable energy. Uzbekistan Discusses Draft Regulations...
US govt delays enforcement of crypto broker reporting requirements: Report
29.6.2022
The reporting requirements, aimed at reducing the size of the tax gap, were scheduled to take effect in January 2023, with crypto firms sending reports to the IRS starting in 2024