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Satoshi Versus the ‘Infrastructure Bill’ — Political Permission Not Required
12.8.2021
When Satoshi Nakamoto released the Bitcoin white paper in October 2008, it likely wasn’t with the idea that governments and central banks needed to recognize, adopt, and regulate Bitcoin for everyone’s benefit. To the contrary, if anything can be taken away from that document and...
Buying Bitcoin is like entering a minefield, Bank of Russia exec says
12.8.2021
The Bank of Russia expressed concerns over the increasing number of local investors pouring their money into Bitcoin
Bank of Ghana to pilot CBDC with German securities printing firm G+D
11.8.2021
Originally specialized in currency and securities printing, Giesecke+Devrient has been increasingly working with central banks like the Bank of Thailand in piloting CBDCs
Infrastructure bill passes US Senate — without clarification on crypto
10.8.2021
"This legislation imposes a badly flawed, and in some cases unworkable, cryptocurrency tax reporting mandate that threatens future technological innovation,” said Senator Toomey
SEC wants ‘terabytes’ of Slack communications from Ripple
10.8.2021
The SEC said that the previous production of Slack messages from Ripple was incomplete, and a massive quantity of data has not been collected
US Consumers Expect Inflation to Continue Rising Sharply According to the Fed’s Latest Survey
10.8.2021
The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels to be higher than usual. Meanwhile, the report also shows American consumers’ expectations of long-term inflation have...
'We'll be back on this' — Alabama senator derails crypto amendment with two words
9.8.2021
"Who knows how much innovation we’re going to stifle, who knows what kind of new apps never emerge," said Senator Pat Toomey
BREAKING: US lawmakers behind crypto amendments to infrastructure bill introduce compromise
9.8.2021
The new compromise amendment could still be added to HR 3684 through a unanimous consent request — provided not even one senator objects
Israel's Mossad spy agency is seeking to hire a crypto expert
9.8.2021
The job listing outlines that the intelligence agency is seeking someone with in-depth understanding of the world of fintech and digital currencies
Blockchain Australia says gov't still dismissing industry as a 'wild west'
9.8.2021
The industry body has accused the government of leaning into narratives about malicious actors and scams, rather than engaging with the blockchain space to establish fit-for-purpose regulation
Billionaire Hedge Fund Manager Ray Dalio Still Concerned Government Could Outlaw Cryptocurrency
9.8.2021
The founder of the world’s largest hedge fund, Bridgewater Associates, is still concerned that governments could outlaw cryptocurrencies. Nonetheless, he sees bitcoin as digital gold and owns some for diversification. Ray Dalio Worried About Government Outlawing Cryptocurrencies Bridgewater...
Ukrainians to Trade and Spend Cryptocurrencies Legally, Digital Ministry Says
8.8.2021
Residents of Ukraine will be able to legally keep, exchange, and spend cryptocurrencies once the new virtual assets law is adopted. The legislation will comprehensively regulate the crypto space, possibly lower taxes for Ukrainians and create conditions for new services, a government official...
Tesla CEO Elon Musk Opposes ‘Hasty’ Cryptocurrency Regulation
7.8.2021
Tesla CEO Elon Musk says there is no crisis that compels hasty cryptocurrency regulation. He agrees with Coinbase CEO Brian Armstrong that the U.S. government should not pick winners or losers in cryptocurrency innovation. Elon Musk and Coinbase CEO Agree on Crypto Regulation Tesla CEO Elon Musk...
US Senator Urges Congress to Stop Treasury From Picking Winners and Losers in Crypto
7.8.2021
U.S. Senator Pat Toomey has called on Congress to stop the Treasury Department from maximizing its ability to regulate and tax crypto by picking winners and losers. “Congress should not allow that to happen,” he said. US Senator Urges Lawmakers Not to Crush Crypto Innovation Following...
Crypto space weighs in on proposed amendments to US infrastructure deal
6.8.2021
Some are urging U.S.-based crypto users to contact their representatives in support of the amendment from Wyden, Lummis and Toomey
Treasury Secretary reportedly against amending crypto language in infrastructure bill
6.8.2021
Janet Yellen's position on a "compromise" amendment proposed yesterday is unclear, but she reportedly raised objections to the language on crypto put forth by Senators Wyden, Lummis, and Toomey
New bill in Ukraine to allow payments in cryptocurrency, says official
6.8.2021
The deputy minister of Ukraine’s Ministry of Digital Transformation believes that crypto payments will be allowed in Ukraine similarly to payments deriving from the U.S. dollar
Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware
6.8.2021
Authorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins in violation of a mining ban imposed by the government to mitigate electricity shortages. Over 80 Mining Rigs Confiscated From Crypto...
New Draft Law in Uruguay Could Legalize Crypto as Payment Method
6.8.2021
A new draft law introduced to the Senate in Uruguay could regulate cryptocurrency transactions, and also legalize cryptocurrency as an accepted payment method in the country. If approved, the draft proposed by Senator Juan Sartori would also introduce licenses for Virtual Asset Service Providers...
Lead Republican behind infrastructure bill negotiations supports crypto amendment
5.8.2021
The senator's stance is somewhat surprising, given that he previously called the section on brokers in the proposed bill a “common-sense provision.”