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Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium
18.10.2021
The governor of New York state, Kathy Hochul, has been urged by a group of local companies to deny business permits to bitcoin miners. The letter specifically asks for the “denial of permits for the Greenidge Generating Station and the Fortistar North Tonawanda Facility.” The letter...
Coinbase Publishes Proposal for Crypto Regulation Pushing 4 Core Recommendations
18.10.2021
Cryptocurrency exchange Coinbase has published its proposal for crypto regulation after “more than 75 meetings with stakeholders in government, industry, and academia,” CEO Brian Armstrong revealed. In its Digital Asset Policy Proposal, the company recommends “four core pillars...
President of Mexico Denies Having Interest in Adopting Bitcoin as Legal Tender
17.10.2021
The President of Mexico, Andres Manuel Lopez Obrador, denied having any interest in adopting cryptocurrencies as legal tender in the country. The statements, offered in a press conference in the National Palace this week, also confirmed that the Mexican government will keep dealing with...
US Senator Lummis Thanks God for Bitcoin as Congress Discusses Raising Debt Ceiling
17.10.2021
U.S. Senator Cynthia Lummis said, “Thank God for bitcoin,” during her speech to the Senate about raising the U.S. debt limit. “Bitcoin is not issued by a government, so it is not beholding to the debts that are run up by governments,” she explained. US Senator...
Asian CBDC projects: What are they doing now?
16.10.2021
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
Impossible to Run Away From Cryptocurrencies Says Zimbabwe Finance Minister
16.10.2021
Zimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies. Ncube said this after revealing that some 30% of the country’s youth are now invested in cryptocurrencies....
Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations
16.10.2021
Authorities in Estonia are working on new legislation expected to stiffen the rules for the country’s cryptocurrency sector. The Baltic nation’s regulator for the industry is considering whether to revoke previously issued crypto licenses and restart authorization from scratch....
‘Thank God for Bitcoin,’ Cynthia Lummis says on US debt limit raise
15.10.2021
Bitcoin should be there to allow people to save in the event the government fails, Senator Cynthia Lummis said
Billionaire Barry Sternlicht Owns Bitcoin Because Governments Are ‘Printing Money Now to the End of Time’
15.10.2021
The billionaire CEO of Starwood Capital, an investment firm with over $95 billion under management, has revealed that he owns bitcoin and ether. “The U.S. government, and every government in the Western Hemisphere, is printing money now to the end of time, and this is a finite amount...
Coinbase unveils its Digital Asset Policy Proposal to spark conversation around comprehensive crypto regulation
14.10.2021
One of the crypto industry's major players seeks to boost the public debate on how to best fit digital assets into the regulatory perimeter
St. Louis Fed’s James Bullard Would ‘Support Starting the Taper in November’ to React to Inflation
14.10.2021
St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of monthly bond purchases. Bullard says he would support tapering starting as early as November, in order to “react to possible...
BoE deputy gov: regulators should pursue crypto as a 'matter of urgency'
13.10.2021
The central bank official spoke about the risks cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds, and banks
South Korean Government Faces Raft of Crypto Tax Amendment Bills
13.10.2021
South Korean lawmakers are inundating parliament with crypto tax delay bills. The National Assembly’s financial committees are set to weigh up the values of four separate attempts to derail Seoul’s plans to levy 20% capital gains tax charges on all trading profits over an annual threshold of...
Moscow Not Planning to Ban Russians From Buying Crypto Abroad
13.10.2021
Russia is not going to follow China’s course and does not plan to ban its citizens from purchasing cryptocurrency on foreign exchanges, a high-ranking government official has indicated. Russians will not be able to pay with digital coins in their own country but are free to use crypto...
US Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle
13.10.2021
Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has published the latest Survey of Consumer Expectations report and U.S. households believe inflation will be up 5.3%...
Russia doesn't plan to follow in China's footsteps by banning crypto outright, says deputy finance minister
12.10.2021
Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade digital assets like Bitcoin
IMF reiterates more oversight for crypto in latest report on financial stability
12.10.2021
The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility
China’s crypto ban: Buy the dip or cause for concern?
12.10.2021
China's regulatory policies toward crypto used to be a major factor in market activity
FBI Arrests Federal Employee Selling Restricted Data on Nuclear Submarines for Cryptocurrency
11.10.2021
A U.S. government employee has been arrested on espionage-related charges after he attempted to sell restricted data on the design of nuclear-powered warships to a foreign government. The federal employee asked to be paid in monero cryptocurrency. “I am very aware of the risks of blockchain...
Swiss think tank initiates vote to add Bitcoin in federal constitution
11.10.2021
Successful or not, the vote will bring crypto education to people who are not yet Bitcoin-savvy, 2B4CH founder said