2023-1-9 13:37 |
The Financial Markets Authority joins the country’s central bank and Senate in seeking to anticipate new EU laws.
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Cryptocurrency‘s latest turmoil, coupled with what has happened in recent months, paints a picture of an ecosystem that could distabilise the global financial system, Senate Banking Committee Chair Sherrod Brown has said.
2022-11-16 00:29 | |
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The fallout of the FTX collapse has left U.S. lawmakers spinning two distinct narratives: Democrats hail their financial regulators as heroes whose caution saved the disaster from threatening the wider financial system, and Republicans argue it proves resistant agencies chased crypto firms away from the U.S. and into dangerous, unregulated territory.
2022-11-16 23:51 | |
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The state of California, in the United States (US), plans to streamline the playing field by putting regulations for crypto players in place. The bill introduced by Assemblymember Timothy Grayson, titled “Digital financial asset businesses”, aims to set the regulatory framework for crypto businesses operating in California.
2022-9-6 21:59 | |
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Michael Barr, a former Ripple adviser, is set to assume one of the most important U.S. regulatory roles after winning Senate confirmation to be vice chairman for supervision at the Federal Reserve.
2022-7-14 23:00 | |
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United States Senate candidate Brian Solstin in a Tweet opposed Senator Cynthia Lummis‘ bill aimed at incorporating digital assets into the United States financial system by arguing that Bitcoin should be considered separately from other digital assets, using a report published by the financial services company Fidelity Investments to explain why.
2022-6-10 20:15 | |
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Senators Cynthia Lummis and Kirsten Gillibrand are ready to present a draft bill on crypto regulations to the United States senate. According to a report from Politico, this is a first-of-its-kind bill aimed at totally incorporating digital assets into the United States financial system.
2022-6-7 09:20 | |
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Timothy Ursich, a candidate for the US Senate, has revealed that he wants to make Dogecoin a legal tender in California. Ursich explained that he intends to provide full and adequate support to the crypto industry by advocating for the mass adoption of the new financial technology.
2022-6-3 04:00 | |
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The Republican congressman is supporting Sen. Tommy Tuberville’s Senate bill and financial services companies that want to include crypto in their 401(k) product offerings.
2022-5-21 00:25 | |
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U.S. Treasury Secretary Janet Yellen focused on the ongoing distress of stablecoin UST during testimony before a U.S. Senate panel on Tuesday, just hours after the purportedly dollar-pegged token plummeted to a low of $0.65 and at least one platform halted trading.
2022-5-10 17:38 | |
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The New York State Senate is boosting the state’s Department of Financial Services (NYDFS) efforts to oversee the cryptocurrency sector. The Senate passed its fiscal year 2023 budget early Saturday, which included a provision tasking NYDFS with developing a new “assessment” or charge for the cryptocurrency companies it oversees to bring its oversight mandate in virtual currencies in line with how the regulator oversees more traditional banks and financial services firms.
2022-4-10 21:49 | |
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Legislators in the United States appear bent on limiting the impact of El Salvador’s Bitcoin adoption on the country’s financial system. The post US Senate considers Bill to limit exposure to El Salvador Bitcoin Experiment appeared first on CryptoSlate.
2022-3-25 17:40 | |
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Regulatory fervor for the cryptocurrency industry has gained heightened momentum worldwide this year, as the $1.84 trillion industry makes itself more ingrained in the financial market. After reports The post Brazil: Senate Committee approves crypto-regulatory bill to promote growth appeared first on AMBCrypto.
2022-2-24 01:30 | |
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The Senate’s economic affairs committee unanimously approved a bill that seeks to regulate the day-to-day usage of bitcoin in financial transactions.
2022-2-23 21:17 | |
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President Bukele reacted to a U. S Senate bill on El Salvador’s Bitcoin Law by saying, “stay out of our internal affairs. ” The bill, titled “Accountability for Cryptocurrency in El Salvador (ACES) Act,” calls for the State Department to assess El Salvador’s adoption of Bitcoin with a view to “mitigate potential risks” to the United States financial […] The post Bukele tells U.
2022-2-17 17:30 | |
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Rafael ‘Ted’ Cruz (R-TX) added more bitcoin to his personal portfolio during the recent price carnage. A new financial disclosure with the U. S. Senate on Feb. 4 shows that the Texas junior senator scooped between $15,000 and $50,000 on January 25.
2022-2-5 14:59 | |
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Corey Frayer has worked as a staff member of the Senate Banking Committee as well as a senior policy adviser for some members of the House Financial Services Committee.
2021-12-31 23:02 | |
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The Kazakhstan national parliament has passed a law that subjects crypto service providers to the country’s financial monitoring system. The law aims to protect investors and also prevent crypto-related crimes from happening.
2021-11-9 19:00 | |
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The country’s legislature has passed a law that would impose financial monitoring on crypto platforms.
2021-11-8 12:36 | |
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The widespread crypto-economy has led a Senate committee on the Australia as a Technology and Financial Center [ATFC], to present its final report in Parliament to regulate the global digital economy.
2021-10-21 03:30 | |
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The US Senate discussed the risks cryptocurrencies pose to financial stability and called for tighter regulation of the crypto industry.
2021-8-5 17:40 | |
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Blockchain Australia, a leading crypto advocacy group, has written to the Australian government stating three key recommendations that it believes would expand the growing blockchain industry. Safe Harbor for Crypto-Asset Providers The crypto organization submitted its recommendation to the country’s Senate Select Committee on Australia as a Technology and Financial Centre on Friday, July 23,Read More
2021-7-26 21:00 | |
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The parliamentary inquiry will consider crypto regulation in an effort to strengthen the local fintech sector, while encouraging financial innovation. The post Australian Senate Committee Exploring Crypto Regulation appeared first on BeInCrypto.
2021-5-19 23:10 | |
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The U. S. Securities and Exchange Commission (SEC) now has a new chairman, Gary Gensler. President Joe Biden’s pick, the MIT professor, whose classes included blockchain technology, digital currencies, and financial technology, has been confirmed by the Senate to lead the SEC.
2021-4-15 17:30 | |
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An Outright Ban Won’t Solve Much Nigerian lawmakers have summoned the country's Central Bank Governor and the head of the Securities and Exchange Commission, Nigerian Tribune reports. The decision came following a session concerning the recent crypto ban that was announced by the Central Bank last week.
2021-2-12 17:39 | |
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Wyoming’s Cynthia Lummis – the first U.S. senator to publicly hold bitcoin – has been appointed to the key financial regulatory committee.
2021-2-6 17:00 | |
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The Financial Crimes Enforcement Network (FinCEN) has issued a notice extending the comment period for its crypto wallet proposal. The extension came shortly after the U. S. Senate confirmed Janet Yellen as the new U.
2021-1-28 21:15 | |
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Facebook-led Libra Association, which switched its name to Diem Association, faces a possible lawsuit from a London-based digital finance company bearing the same name. Is it ever going to get better for Facebook-led digital financial project, Diem Association? After a year of legal battles across the world – starting with the Senate hearing, the negative […] The post London-Based Financial App Threatens To Sue Libra Association Over Its Recent Name Switch to ‘DIEM’ first appeared on BitcoinExchangeGuide.
2020-12-8 18:27 | |
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A bitcoin hodler has won a U. S. Senate seat. Cynthia Lummis is a bitcoin owner who bought her first bitcoin in 2013 because she believes in the economic power of scarcity and the potential for bitcoin to address some of the manipulations in the financial system.
2020-11-5 01:30 | |
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Australian Senate releases a report on the impact of blockchain technology on the country’s economy, technology status, and regulation technology. Released earlier this month, the 281-page interim report, “Select Committee on Financial Technology (FinTech) and Regulatory Technology (RegTech)”, focused on innovative technologies, laying out the benefits of implementing blockchain technology across the economy.
2020-9-7 16:40 | |
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The United States Senate has approved Securities and Exchange (SEC) Commissioner Hester Peirce for her second term via a voice vote. Peirce will be Commissioner until 2025. Affectionately known in the industry circles as ‘Crypto Mom,’ Hester Peirce has won over cryptocurrency investors for her support of financial innovation.
2020-8-7 10:38 | |
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The U. S Senate sanctions that were passed in response to the Hong Kong security law might affect crypto brokerage operations. Dubbed the ‘Hong Kong Autonomy Act,' this senate bill aims to reprimand China for eroding the city's autonomy, which had long favored its position as a financial hub.
2020-7-9 21:46 | |
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Talk of a US central bank digital currency (CBDC) dominated proceedings, as the US Senate Committee on Banking, Housing, and Urban Affairs conducted a virtual meeting yesterday. The near two-hour-long hearing titled “The Digitization of Money and Payments” discussed competing with China’s CBDC offering, financial inclusion, and modernizing the current US economic model. Taking the […]
2020-7-1 15:13 | |
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Issues such as financial inclusion and competition with China propelled a hearing on digital dollars before the U.S. Senate today.
2020-7-1 18:44 | |
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According to a report by Wyoming Tribune Eagle published on May 17, 2020, Rep. Jared Olsen, R-Cheyenne, and Senate Minority Leader Chris Rothfuss, D-Laramie, have announced the formation of Wyoming’s new permanent Select Committee on Blockchain and Financial Technology.
2020-5-19 23:00 | |
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Financial statement reviews show the Intercontinental Exchange, or ICE, gifted U.S. Senator Kelly Loeffler millions during her departure from its daughter company, Bakkt.
2020-5-7 22:36 | |
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Financial markets rebounded Tuesday after prospects for a stimulus package out of the U.S. Senate improved. Most cryptocurrencies are gaining, too.
2020-3-25 23:38 | |
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U.S. Senator Kelly Loeffler and her husband sold up to $3.5 million in stock after a Jan. 24 briefing on COVID-19, but ICE says the transactions were conducted by financial advisors who had no input from the two.
2020-3-20 20:53 | |
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During a recent Senate Finance Committee hearing, Steve Mnuchin the U. S. Treasury Secretary called on the FinCEN, a U. S financial regulatory authority, to put in place new cryptocurrencies regulations and guidelines in a bid to reduce the money laundering, illicit trades and activities that cryptocurrencies purportedly enhance.
2020-2-13 21:39 | |
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Belgium's Financial Services and Markets Authority (FSMA) is pushing the government to bring regulations for digital currencies, according to a recent report. In a Senate hearing on Feb 10, Jean-PaThe post Belgium FSMA urges for crypto regulations fearing rise in fraudulent activities appeared first on AMBCrypto.
2020-2-11 03:00 | |
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One of Australia’s financial watchdog agencies, the Australian Prudential Regulation Authority (APRA), could soon regulate stablecoin projects such as the controversial Facebook’s led Libra project, Cointelegraph reports.
2020-1-22 20:03 | |
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A recent article from MIT Technology Review has leveraged a somewhat sensationalist headline to stir up fear about bitcoin and crypto. The article, written about a “hidden” government weapon to be deployed against Bitcoin, references September 3 senate subcommittee testimony by Washington D.
2019-9-10 19:15 | |
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Apart from Bitcoin’s resurgence and the brief bull run the market had been on since April, 2019 has been highlighted by governments and financial institutions seriously discussing crypto-regulations.
2019-8-9 16:00 | |
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Jeremy Allaire, head of Circle, Inc., presented the case for cryptocurrency and its place in amending the global financial system.
2019-7-31 17:02 | |
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During today's congressional hearing with the Senate Committee on Banking, Housing, and Urban Affairs, committee members met with a panel of experts, including Circle CEO Jeremy Allaire, and expressed some doubts about blockchain and cryptocurrency.
2019-7-31 23:39 | |
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University of California Irvine School of Law’s law professor and practicing lawyer, Mehrsa Baradaran supposedly presented her arguments as to why cryptocurrencies aren’t the solution to the flaws associated with the financial system to the United States Senate Committee on Banking, Housing and Community Affairs.
2019-7-30 21:47 | |
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Cryptocurrencies only exist because of failures in the traditional financial system, according to a leading banking scholar. In a hearing before the Senate Banking Committee, Mehrsa Baradaran said that financial reforms could cause cryptocurrencies to fade into obscurity, effectively killing Bitcoin (BTC).
2019-7-30 17:47 | |
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Crypto analyst John Kolovos recently told Bloomberg TV that Bitcoin price will drop to $8,500 before sharply rebounding. 4-Digit Bitcoin Price Is A Steal Earlier this week Macro Risk Advisors chief technical analyst John Kolovos spoke with Bloomberg TV about Bitcoin price action and the recent Congressional and Senate hearings over Facebook’s Libra cryptocurrency.
2019-7-20 09:37 | |
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The representative of Libra David Marcus tried to convince the US Senate that the cryptocurrency does not threaten bankers. Did he succeed? We will see soon. Marcus first of all drew the attention of senators that Libra will strictly follow AML standards (anti-money laundering) and will generally be registered with the FinCEN (Financial Crimes Enforcement […]
2019-7-18 13:03 | |
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With yesterday's Senate hearing centering on lawmakers' distrust of Facebook, the social media giant's House Financial Services Committee hearing focused much more on what exactly Libra is and saw regulators speaking in a surprisingly positive manner about Bitcoin.
2019-7-18 00:08 | |
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The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.