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Government Officials in Russia Expected to Declare Their Cryptocurrency Savings

Government Officials in Russia Expected to Declare Their Cryptocurrency Savings

Government officials in the Ural region of Russia are now expected to declare their savings stored in cryptocurrencies.

Bank of Japan Sets Up New Research Team For Digital Yen CBDC Development

Bank of Japan Sets Up New Research Team For Digital Yen CBDC Development

Japan’s central bank has recently revealed that it has created a new team to research on Central Bank Digital Currencies.

Government of India to Deploy Blockchain Technology at a National Level

Government of India to Deploy Blockchain Technology at a National Level

The Indian government is eyeing the blockchain technology since it has a huge potential of being applied in various sectors such as banking, cybersecurity, education, and governance: securing the future of their economic development and growth. This strategic plan was made known in response to a question in the Lok Sabha as reported by the Indian Times on Nov. 27.

Texas Man Charged for Using COVID-19 Small Business Relief Funds to Buy Crypto

Texas Man Charged for Using COVID-19 Small Business Relief Funds to Buy Crypto

Texas resident Joshua Thomas Argires has been charged for investing COVID-19 relief funds in cryptocurrencies

Breaking: Robinhood Buys Back $605.7 Million Stake from Sam Bankman-Fried in U.S. Government Deal

Breaking: Robinhood Buys Back $605.7 Million Stake from Sam Bankman-Fried in U.S. Government Deal

Robinhood Markets has finalized a $605.7 million share repurchase agreement with the US Marshal Service, acquiring 55.3 million shares of Emergent Fidelity Technologies, which has received approval from the U.S. District Court for the Southern District of New York.

Anthropic Expands Claude AI Access for Government Agencies with AWS Partnership

Anthropic Expands Claude AI Access for Government Agencies with AWS Partnership

Anthropic announces expanded access to Claude AI via AWS Marketplace, targeting government agencies with enhanced security and tailored services.

Randall Crater, Founder of "My Big Coin" Sentenced

Randall Crater, Founder of "My Big Coin" Sentenced

A U.S. Federal Court Judge sentenced Randall Crater to 100 months in prison. Crater defrauded 55 investors with $7.6 million.

Colombian Ministry of Information Technology Prioritize Public Sector Blockchain and Crypto Payment Solutions

Colombian Ministry of Information Technology Prioritize Public Sector Blockchain and Crypto Payment Solutions

The Colombian Ministry of Information Technology and Communications (MinTIC) believes blockchain and DLT solutions could benefit its public sector.

The UK is a step closer to launching a central bank digital currency

The UK is a step closer to launching a central bank digital currency

The Bank of England thinks crypto stablecoins and a central-bank-issued "digital pound" might coexist.

Ripple CEO Brad Garlinghouse Criticizes India’s New Bill Seeking to Ban Crypto Trading

Ripple CEO Brad Garlinghouse Criticizes India’s New Bill Seeking to Ban Crypto Trading

Ripple CEO has responded to reports that India intends to introduce a ban on crypto trading.

US Government Is Likely to Ban Bitcoin, says Ray Dalio

US Government Is Likely to Ban Bitcoin, says Ray Dalio

The founder of Bridgewater Associates Ray Dalio has said that Bitcoin is likely to face a ban in the US just like the 1930s ban on gold.

China's Blockchain Initiative Hits Roadblock as Stakeholders Refuse to Share Private Data for Free

China's Blockchain Initiative Hits Roadblock as Stakeholders Refuse to Share Private Data for Free

China’s blockchain initiative is going ahead full steam, but local and provincial officials are facing some resistance from stakeholders who are not enthusiastic about sharing their data.

3 Website Operators Lured Romance-Seeking Victims Into Their Fraud

3 Website Operators Lured Romance-Seeking Victims Into Their Fraud

Three website operators lured romance seekers with their bogus bitcoin investment scam.

UK Watchdog Proposes Tougher Advertising Rules

UK Watchdog Proposes Tougher Advertising Rules

If the UK Government approves the FCA's plan, crypto businesses from abroad may have to meet additional conditions to advertise to UK clients.

Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards

Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards

The Chinese central government has put together a national blockchain committee to work on setting industrial standards. The Ministry of Industry and Information Technology (MIIT) issued a notice on April 13 of the “Public Notice on the Formation of a National Blockchain and Distributed Ledger Technology Standardization Technical Committee.”

Indian Government Affirms to Regulate Digital Currencies instead of Banning

Indian Government Affirms to Regulate Digital Currencies instead of Banning

Affirming the prior speculations on the concerted efforts of the Indian parliament and government to regulate the developing world of cryptocurrencies.

South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities

South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities

South Korea’s parliament has put forward a bill that could see crypto profits taxed by up to 20% as members argue that cryptocurrencies are commodities.

Governments Are Considering Welcoming Bitcoin Investments, NYDIG CEO Reveals

Governments Are Considering Welcoming Bitcoin Investments, NYDIG CEO Reveals

In an interview with Real vision media firm, Robert Gutmann, the CEO of cryptocurrency investment firm NYDIG, has revealed that unnamed state-owned investment funds have been approaching the crypto investment firm with inquiries about making Bitcoin purchases.

China’s Low-Cost National Blockchain Service Network to Launch in April

China’s Low-Cost National Blockchain Service Network to Launch in April

The Chinese government’s State Information Center revealed its plans for its national Blockchain Service Network (BSN), aiming to provide small businesses and individuals to operate blockchain applications easily without using a private blockchain network.

CFTC Chair Rostin Behnam Continues Calls for Non-Security Tokens Regulations

CFTC Chair Rostin Behnam Continues Calls for Non-Security Tokens Regulations

Chair Rostin Behnam said the CFTC was "ideally positioned" to solve crypto regulatory shortcomings, but legislators needed to provide it power.

India UPI expanding services to Singapore

India UPI expanding services to Singapore

The eight-bank digital rupee pilot programme has processed 770,000 transactions.

Canadian Crypto Exchange Shuts Down to Protect Customers

Canadian Crypto Exchange Shuts Down to Protect Customers

In Vancouver, Canada, another cryptocurrency exchange has closed down. This is not the first Canadian based Exchange to encounter problems, with some users losing everything last year when another exchange lost access to private keys.

EY Ops Chain: Bringing Transparency and Accountability to Public Finance Management

EY Ops Chain: Bringing Transparency and Accountability to Public Finance Management

Blockchain.News sat down with Jimmy Ong, EY Asia-Pacific Blockchain Leader to take a deep dive in EY Ops Chain and EY Blockchain Analyzer. In particular, we explore how EY Ops Chain facilitates a more transparent public finance tracking. Ong also shared an interesting use case when EY Ops Chain enables the tracking of blood in Canada.

Reliance Retail accept digital rupee at one store

Reliance Retail accept digital rupee at one store

Reliance Retail has pledged to assist India's CBDC throughout its companies.

BTC Breaks Its Strong $10,000 Support Amidst US-China War Trade Cool Off

BTC Breaks Its Strong $10,000 Support Amidst US-China War Trade Cool Off

The price of Bitcoin has taken a serious hit in the past few days as the largest cryptocurrency has dipped below its supposedly strong support of $10k and bounced back up.

Bitcoin Ad in Hong Kong Apple Daily Publication Promotes Bitcoin As Beyond Government Control

Bitcoin Ad in Hong Kong Apple Daily Publication Promotes Bitcoin As Beyond Government Control

In the Hong Kong Apple Daily today, a full-page ad was dedicated to Bitcoin, calling on Hong Kongers to move their wealth beyond the control of “any” government.

The Most Unworkable State Law

The Most Unworkable State Law

An Illinois senator has presented a law that would compel crypto node operators, miners, and validators to reverse transactions if ordered by the court, even though it's impossible.

Hong Kong's 2020 Budget: Digital Assets May be Incorporated into Regulatory Framework but not Blockchain

Hong Kong's 2020 Budget: Digital Assets May be Incorporated into Regulatory Framework but not Blockchain

Financial Secretary of Hong Kong, Paul Chan been under intense pressure from lawmakers to dip into the government’s fiscal reserves to help the city get out of an economic slump. After months of anti-government protests and the emergence of the coronavirus epidemic, Hong Kong residents aged over 18 will receive a cash handout of HK$10,000. The budget also highlighted the forecast of an all-time high deficit of HK$139 billion for the coming fiscal year.

Microsoft's 2.5 billion GBP Investment in UK AI: Catalyst for Innovation and Growth

Microsoft's 2.5 billion GBP Investment in UK AI: Catalyst for Innovation and Growth

Microsoft's significant investment in the UK's AI infrastructure is expected to significantly enhance the country's technology sector and its global AI standing.

Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry

Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry

The recent announcement of Silvergate Bank’s voluntary liquidation has led to a heated debate in the crypto industry, with some lawmakers labeling the sector as “risky” and “volatile.” Crypto executives and commentators have criticized these remarks and suggested that government investigations and legal attacks hastened the bank’s collapse. As Silvergate winds down, some crypto firms are seeking alternative banking partners amid concerns of regulatory crackdowns and proposed tax law changes.

UK Government Explores IP Challenges in Emergent Metaverse Ecosystems

UK Government Explores IP Challenges in Emergent Metaverse Ecosystems

A new UK government report delves into the complex realm of IP issues within the Metaverse, highlighting the lack of consensus on its definition and the IP challenges it poses.

Bank Of Russia Opposes International Trade Crypto Investment

Bank Of Russia Opposes International Trade Crypto Investment

The Bank of Russia is prepared to look into the possibility of permitting the usage of cryptocurrencies within the borders of the country, but this would be done solely for the purpose of conducting a legal experiment. Elvira Nabiullina, the governor of the Bank of Russia, stated that the major problem that the central bank has always had with cryptocurrencies is that they cannot be used as a payment tool.

Denmark Backs Blockchain Technology As Instrument to Fighting Runaway Political Corruption

Denmark Backs Blockchain Technology As Instrument to Fighting Runaway Political Corruption

The Danish government has thrown its support behind blockchain in the fight against political corruption.

Blockchain Association Rejects Court's Securities Ruling on Private Blockchains

Blockchain Association Rejects Court's Securities Ruling on Private Blockchains

A U.S. lawyer called it "absurd" for a court to declare digital assets on centralized databases securities.

Zambia SEC Warns Crypto Enthusiasts About Making Investments in Onyxcoin Cryptocurrency

Zambia SEC Warns Crypto Enthusiasts About Making Investments in Onyxcoin Cryptocurrency

The Securities and Exchange Commission in Zambia has issued a statement warning the general public that the creator of OnyxCoin Kwakoo is in no way a licensed investment advisor and should not solicit funds from within or outside the country. The CEO of the commission was reported to have made this statement.

Exclusive: Gerard Dache, on the Two Contradictions of Facebook Libra

Exclusive: Gerard Dache, on the Two Contradictions of Facebook Libra

In part 2 of the interview, Gerard walked us through some of the recommended bills to the government in fostering blockchain innovation, such as the “Blockchain Promotion Act”. He then shared his views on the nature of Bitcoin and two contradictions of Facebook’s Libra.

How Does Cryptocurrency Regulation News Affect the Bitcoin Price? Bank Of International Settlements Research Reveals

How Does Cryptocurrency Regulation News Affect the Bitcoin Price? Bank Of International Settlements Research Reveals

New research conducted on behalf of the Bank for International Settlements indicates that contrary to popular belief, the Bitcoin price and other cryptocurrency prices respond very positively to news of coming regulations,when they are clear.

Former Ethereum Adviser Steven Nerayoff Files $9.6B Lawsuit Against US Government

Former Ethereum Adviser Steven Nerayoff Files $9.6B Lawsuit Against US Government

Steven Nerayoff, an early adviser to the Ethereum network, has filed a lawsuit against the United States government for false charges and mistreatment. The lawsuit, filed under the Federal Tort Claims Act, seeks $9.6 billion in damages for an extortion case. Nerayoff alleges that federal agents were aware of the baseless charges and engaged in harassment and intimidation tactics.

Venom To Launch A Blockchain Hub With Kenyan Government

Venom To Launch A Blockchain Hub With Kenyan Government

Venom Foundation has announced a strategic partnership with the Government of Kenya to establish a “blockchain hub” in Africa, focusing on the development of Web3 and blockchain technology applications. This collaboration aims to drive innovation in key sectors such as financial infrastructure, supply chain, agriculture, SMEs, and cross-border trade, benefiting Kenya and the entire African continent.

Philippines Warns the Public on Bitcoin Scammers Posing as Government Officials

Philippines Warns the Public on Bitcoin Scammers Posing as Government Officials

Finance ministry of the Philippines Government has alerted the public about false information that fraudulently uses the name of Secretary Carlos Dominguez III to promote a fake crypto trading platform recognized as “Bitcoin Revolution”.

US Supreme Court Rules Against SEC’s Ability to Fine Crypto and Blockchain Firms

US Supreme Court Rules Against SEC’s Ability to Fine Crypto and Blockchain Firms

The US Supreme court has limited the amount in punitive fines that the US Securities and Exchange Commission (SEC) can impose on cryptocurrency and blockchain firms, in a historic ruling yesterday.

SEC Delays Decision on Spot Bitcoin ETFs Due to U.S. Government Shutdown Concerns

SEC Delays Decision on Spot Bitcoin ETFs Due to U.S. Government Shutdown Concerns

SEC delays spot Bitcoin ETF decisions due to U.S. government shutdown concerns, adding uncertainty to the cryptocurrency market. Decision expected by mid-March

SEC Probes Investment Advisers Offering Crypto Custody Without Proper Qualification

SEC Probes Investment Advisers Offering Crypto Custody Without Proper Qualification

After the fall of FTX and the Ripple lawsuit in 2022, the U.S. Securities and Exchange Commission (SEC) is now looking into Wall Street corporations that may be violating custody regulations.

Nexo Capital to Pay $45 Million in Penalties

Nexo Capital to Pay $45 Million in Penalties

Nexo Capital, a crypto lender, will pay $45 million to the SEC and NASAA (NASAA). SEC and NASAA announced the announcement on Jan 19.

Tezos SEA Collaborates With Singaporean Government-Backed Platform to Launch a Training Program for Tezos Developers

Tezos SEA Collaborates With Singaporean Government-Backed Platform to Launch a Training Program for Tezos Developers

Tezos Southeast Asia (TSA), a non-profit-oriented arm of Tezos, has entered into a partnership with Tribe, a Singapore government-backed blockchain platform for the sole aim to launch a training program for Tezos' developers

China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

The Chinese government is planning to make the province of Hainan into a free trade port, focusing on facilitating free trade, investment, and cross-border capital flows. The plan encourages government institutions to use blockchain and other emerging technologies to improve government functions. The government’s plan has mentioned blockchain technology consistently, as it could have the potential to be used in social governance, as well as protecting data systems including intellectual property rights.

US Government Offers $5 Million Reward for the Arrest of Venezuela’s Head of Petro Cryptocurrency

US Government Offers $5 Million Reward for the Arrest of Venezuela’s Head of Petro Cryptocurrency

US Immigration and Customs Enforcement (ICE) has added Venezuela’s head of Petro cryptocurrency agency, Joselit Ramirez, to its most wanted person’s list. The US government seeks to offer a $5 million reward for information leading to Ramirez’s arrest.

Reversing Censorship on Ethereum

Reversing Censorship on Ethereum

Ethereum presently has 47% OFAC-compliant blocks, the lowest since Oct 11.

Governments Will Eliminate Bitcoin, Says Investor Jim Rogers

Governments Will Eliminate Bitcoin, Says Investor Jim Rogers

Will decentralized cryptocurrencies like Bitcoin—that are beyond the influence of Sovereign Governments—be allowed to survive? Not according to American investor and financial commentator Jim Rogers.

Benjamin Quinlan: New Chairman of FinTech Association of Hong Kong Shares Vision for FTAHK 2.0 and the Future of Asia's FinTech Ecosystem

Benjamin Quinlan: New Chairman of FinTech Association of Hong Kong Shares Vision for FTAHK 2.0 and the Future of Asia's FinTech Ecosystem

The FinTech Association of Hong Kong has elected Benjamin Quinlan as Chairman to lead it through the next chapter of its mission to foster the FinTech ecosystem in Hong Kong and Asia.

The UK's Regulatory Policy Committee is Against the FCA

The UK's Regulatory Policy Committee is Against the FCA

The Regulatory Policy Committee thinks the 2021 action is unjustified now. The Department for Business, Energy, and Industrial Strategy funds the committee. The restriction is "red," meaning it's unsuitable.

LidoDAO is considering selling or staking its $30 million

LidoDAO is considering selling or staking its $30 million

LidoDAO, the decentralized autonomous organization behind Lido, is considering staking or selling its $30 million ETH treasury to meet unexpected market swings.

G20 To Establish Standards For Global Crypto Regulatory Framework

G20 To Establish Standards For Global Crypto Regulatory Framework

The Financial Stability Board, IMF, and BIS will propose worldwide crypto regulations.

Taurus raised $65 million

Taurus raised $65 million

Credit Suisse, Deutsche Bank, Arab Bank Switzerland, and others invested $65 million in digital asset infrastructure provider Taurus.

Senate Banking Committee to Hold Second Hearing on Crypto Market Crash

Senate Banking Committee to Hold Second Hearing on Crypto Market Crash

The Senate Banking Committee's second hearing of the 118th Congress will discuss digital asset protection.

Huawei and Beijing Municipal Government Develop Blockchain-Based Data Directory System

Huawei and Beijing Municipal Government Develop Blockchain-Based Data Directory System

Telecoms giant Huawei has joined hands with the Beijing Municipal Government to create a blockchain-powered directory system. It is aimed at addressing the headache of weak applications, scattered coordination, and data sharing in various departments.

Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community

Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community

The Australian National Blockchain Roadmap Steering Committee is seeking expressions of interest from its domestic blockchain community to create working groups on supply chain and credentialing.

US States Challenge CBDC as Legal Tender

US States Challenge CBDC as Legal Tender

Four U.S. states - Utah, South Carolina, South Dakota, and Tennessee - have filed bills to exclude Central Bank Digital Currencies (CBDCs) from their legal definitions of money, reflecting rising state-level resistance and concerns over privacy and federal overreach.

US Lawmakers Want STABLE Act to Force Stablecoin Issuers to Secure Bank Charters

US Lawmakers Want STABLE Act to Force Stablecoin Issuers to Secure Bank Charters

US lawmakers have introduced a new bill to Congress seeking to impose federal control over the entire stablecoin industry and would mandate issuers to secure bank charters.

The U.K. government is recruiting for a head to its central bank digital currency project

The U.K. government is recruiting for a head to its central bank digital currency project

The U.K. is hiring a central bank digital currency (CBDC) chief to establish a digital pound. CBDCs promise financial inclusion and lower corporate and consumer expenses. A former Bank of England senior advisor opposed CBDCs. In 2021, 23 million Brits did not use cash, and fewer than 15% of payments are done using cash.

Market Researcher States That Bitcoin is an Indicator for Geopolitical Turmoil

Market Researcher States That Bitcoin is an Indicator for Geopolitical Turmoil

Nicolas Colas, a market researcher and Co-founder of market research firm DataTrek Research, says that Bitcoin could be used as an indication for geopolitical turmoil.

Japan’s Digitalization Effort will have Mixed Credit Impact across Sectors, says Moody’s Report

Japan’s Digitalization Effort will have Mixed Credit Impact across Sectors, says Moody’s Report

Japan’s digitalization effort will have a mixed credit impact across sectors according to a new report by Moody’s investor services.

UN Agency Advises Kenya to Embrace Blockchain Technology to Tame Corruption

UN Agency Advises Kenya to Embrace Blockchain Technology to Tame Corruption

The United Nations Office of Drugs and Crime (UNODC) wants Kenya to embrace blockchain technology to fight runaway corruption.

Bank of Thailand Completes Digital Bond Issuance With Blockchain

Bank of Thailand Completes Digital Bond Issuance With Blockchain

Thailand’s apex bank, the Bank of Thailand has leveraged the power of blockchain technology to launch a platform for government bond savings issuance

India IT Tech Firm Partners with Local Government to Introduce Blockchain Acceleration

India IT Tech Firm Partners with Local Government to Introduce Blockchain Acceleration

Huge development talks originating from Pune City, shows that India IT services firm Tech Mahindra recently introduced the T-block Accelerator, the maiden accelerator program for the Telangana Blockchain District in partnership with the state government and IBC Media, an innovative management company.

The California DMV is set to digitize car titles and title transfers

The California DMV is set to digitize car titles and title transfers

The project modernises the DMV's record-keeping and reduces fraud by dealers selling defective autos.

US Government to Sell Seized Silk Road Bitcoin

US Government to Sell Seized Silk Road Bitcoin

The US government plans to liquidate over 41,000 Bitcoin seized in the case against Silk Road creator Ross Ulbricht. The Bitcoin is expected to be sold in four more batches over the course of the year.

Ripple CEO: Global Governments Now See Blockchain Solution to Addressing Transparency and Settlement

Ripple CEO: Global Governments Now See Blockchain Solution to Addressing Transparency and Settlement

Brad Garlinghouse, Ripple CEO, believes most governments consider blockchain technology a game-changer as it solves frictions like transparency and settlement that were a headache in yesteryears.

Title: EU Council Adopts DAC 8 Directive to Enhance Tax Oversight on Crypto Transactions.

Title: EU Council Adopts DAC 8 Directive to Enhance Tax Oversight on Crypto Transactions.

The Council of the EU has adopted the DAC8 directive to enhance administrative cooperation among national tax authorities concerning crypto-asset transactions and tax rulings for high-net-worth individuals. The directive broadens the scope of assets covered, mandates automatic information exchange, and aligns with global standards set by the OECD and G20 to address challenges posed by the digital economy.

Prime Minister of Japan Fumio Kishida Comes Out in Support

Prime Minister of Japan Fumio Kishida Comes Out in Support

On Feb. 1, Prime Minister Fumio Kishida addressed the House Budget Committee on DAOs, NFTs, and Web3.

Australia's Government is Bolstering Its Market Regulator's Digital Asset

Australia's Government is Bolstering Its Market Regulator's Digital Asset

The new Australian government has devised a "multi-stage strategy" to combat cryptocurrency frauds, safeguard consumers, and increase enforcement.

US Government Now Holds $1 Billion in Bitcoin After Silk Road Seizure Using Blockchain Analysis

US Government Now Holds $1 Billion in Bitcoin After Silk Road Seizure Using Blockchain Analysis

The DoJ has asked to lock down on approximately 69,370.22491534 Bitcoin (BTC), Bitcoin Gold (BTG), Bitcoin SV (BSV), and Bitcoin Cash (BCH).

Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy

Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy

Bitcoin is too unpredictable to be "effective money," according to legendary investor Ray Dalio.

Impending Central Bank Digital Currency: Data Shows Not All Central Banks Support the Move

Impending Central Bank Digital Currency: Data Shows Not All Central Banks Support the Move

The paradox of the situation is that banks with the capacity to push the world into the digital currency era are actually not showing much interest towards adoption; with the reason for their reluctance remaining a question with no answer.

South Korean Officials Confirm They Sent Team to Serbia to Find Do Kwon

South Korean Officials Confirm They Sent Team to Serbia to Find Do Kwon

South Korean authorities have increased their search for Do Kwon and deployed state officials to Serbia.

Gate.io to Launch Crypto Exchange in Hong Kong Following Government's $6.4M Investment in Web3

Gate.io to Launch Crypto Exchange in Hong Kong Following Government's $6.4M Investment in Web3

Hong Kong's current budget allocates millions to the Web3 and crypto industries to "keep up with the times," allowing Gate.io to establish a local presence.

India Consults Stakeholders Related to Cryptocurrency Ban

India Consults Stakeholders Related to Cryptocurrency Ban

The Indian government is exploring an alternative approach to handling digital currencies, rather than a blanket ban.

India's Government Plans to Bar Cryptocurrency Transactions, but Allow Holding as Assets

India's Government Plans to Bar Cryptocurrency Transactions, but Allow Holding as Assets

India’s government believes that cryptocurrency is here to stay and the focus should entirely be on regulating it, not banning it.

US Government Removes Cryptocurrency AML Provisions from NDAA

US Government Removes Cryptocurrency AML Provisions from NDAA

The US government has removed two AML provisions relating to cryptocurrencies from the NDAA, indicating a cautious approach to crypto regulation and raising concerns about future AML measures.

Elizabeth Warren Wants SEC to Double Down on Crypto Enforcement

Elizabeth Warren Wants SEC to Double Down on Crypto Enforcement

Warren wants the SEC to "double down" on crypto enforcement. The U.S. senator said that the previous SEC administration "basically gave the green light" to a cryptocurrency market "full with trash tokens".

Kazakhstan to Secure $700 Million Funds to Boost its Bitcoin and Crypto Mining Projects

Kazakhstan to Secure $700 Million Funds to Boost its Bitcoin and Crypto Mining Projects

Kazakhstan's government is trying to secure a $700 million investment and reports that it is on track with its crypto mining farm project.

Japan Reduces 30% Crypto Tax On Paper Earnings For Token Issuers

Japan Reduces 30% Crypto Tax On Paper Earnings For Token Issuers

To boost the Japanese banking and IT industries, the government would relax crypto company tax restrictions. Even if they haven't sold, Japanese crypto issuers must pay a 30% corporation tax on their holdings. In recent years, some local crypto/blockchain enterprises and personnel have moved abroad.

SEC plans to propose new rule changes that could impact crypto firms

SEC plans to propose new rule changes that could impact crypto firms

The SEC is still deciding on a "qualified custodian."

The Fight for Freedom: Bitcoin and Hong Kong Battle Old World Control

The Fight for Freedom: Bitcoin and Hong Kong Battle Old World Control

Financial systems and governments clash. Hong Kong and Bitcoin fight for Freedom.

Overnight collapse of two traditional banks triggers chaos

Overnight collapse of two traditional banks triggers chaos

The collapse of Silicon Valley Bank and Signature Bank caused major chaos, resulting in stablecoins depegging from the U.S. dollar. The federal government has taken action to protect depositors, and President Joe Biden has vowed to hold those responsible accountable.

How Bitcoin will react to US Government Shutdown

How Bitcoin will react to US Government Shutdown

The impending US government shutdown threatens to delay the SEC's approval for a spot Bitcoin ETF, amongst other financial repercussions. The scenario also underscores the growing frequency of federal shutdowns and the persistent concerns of credit rating agencies over the US's fiscal policymaking, all of which could have broader implications for both traditional and crypto financial markets.

US Judge Supports Government Bid to Quash Binance.US's $1 Billion Deal

US Judge Supports Government Bid to Quash Binance.US's $1 Billion Deal

A US judge has supported the government's bid to stop Binance.US from buying the assets of bankrupt crypto lender Voyager for $1 billion. The judge said the government had a substantial case on the merits, with delays potentially costing the estate up to $10 million per month. The sale had been approved earlier by a US bankruptcy judge, but objections from the US Attorney have put it on hold.

China announces new financial regulator in governmental overhaul

China announces new financial regulator in governmental overhaul

China is introducing a new national financial regulator as part of a governmental overhaul. The current banking and insurance watchdog, the China Banking and Insurance Regulatory Commission (CBIRC), will be abolished, and its responsibilities will be moved to a brand new administration. The new financial regulator will "strengthen institutional supervision, supervision of behaviors and supervision of functions." There was no specific mention of reforms for the crypto industry.

Justin Sun's TRON to Receive $2 Million from US Government Aid Coronavirus Relief

Justin Sun's TRON to Receive $2 Million from US Government Aid Coronavirus Relief

Justin Sun’s Tron platform has obtained US government aid of more than $2 million in coronavirus relief. The ongoing coronavirus crisis has wreaked havoc in the US financial markets. Particularly small-sized businesses are suffering from the economic shutdown meant to slow down the spread of coronavirus. With hundreds of thousands of employees in danger of losing their jobs, the US government created the Paycheck Protection Program (PPP) to help small businesses stay afloat. The money does not need to be repaid.

SEC panel votes in favor of proposal that may make it more difficult

SEC panel votes in favor of proposal that may make it more difficult

The US Securities Exchange and Commission has proposed new laws that would make it harder for crypto businesses to supply custody solutions. Opponents think this will hurt.

The U.S. government's regulatory strategy towards crypto firms

The U.S. government's regulatory strategy towards crypto firms

US officials reportedly discourage banks from serving the bitcoin business.

California Advances in Generative AI with New Report

California Advances in Generative AI with New Report

The Newsom Administration's report on Generative AI outlines California's approach to regulating and embracing this technology, emphasizing education and workforce training for responsible use.

Empowering Civil Service with AI: CDDO's Generative AI Courses

Empowering Civil Service with AI: CDDO's Generative AI Courses

CDDO offers online courses on generative AI for civil servants, enhancing digital competencies and promoting ethical AI integration in government operations.

Congressional Memo Challenges SEC's SAB 121

Congressional Memo Challenges SEC's SAB 121

Congress members question the enforceability of the Securities and Exchange Commission's Staff Accounting Bulletin 121, arguing it deviates from standard accounting practices, misrepresents custodians' responsibilities, and increases consumer risk.

Hong Kong Government Alerts Public to AI-Generated Scams Featuring Deepfake of Chief Executive

Hong Kong Government Alerts Public to AI-Generated Scams Featuring Deepfake of Chief Executive

The Hong Kong government warns against AI-generated scams, including a deepfake video of Chief Executive John Lee, urging public vigilance and caution.

US Government Plans to Use USDC Stablecoin to Offer Foreign Aid in Venezuela

US Government Plans to Use USDC Stablecoin to Offer Foreign Aid in Venezuela

U.S government has tapped Circle’s USDC stablecoin to offer foreign aid in Venezuela through President-elect Juan Guaidó exiled government.

US Government to Auction $130 Million in Silk Road Bitcoin

US Government to Auction $130 Million in Silk Road Bitcoin

The US government is auctioning over $130 million in Bitcoin seized from the Silk Road case, involving digital assets linked to criminal activities. This significant move reflects the evolving approach to handling cryptocurrencies in law enforcement.

Crypto Valley Association: Establishing the World’s Best Ecosystem for Blockchain and DLT Businesses

Crypto Valley Association: Establishing the World’s Best Ecosystem for Blockchain and DLT Businesses

On a mission to develop the world’s best ecosystem for blockchain and distributed ledger technology, the Crypto Valley Association (CVA) is an independent organization based in Zug Switzerland, supported by the government. With over 1500 members in over 56 countries, the association has been supporting the needs of startups and connecting players in the industry to build a cohesive ecosystem.

Bitcoin's Largest Competitor Ethereum Quickly Gaining Ground in Colombia

Bitcoin's Largest Competitor Ethereum Quickly Gaining Ground in Colombia

The South American region has been very receptive to Bitcoin and cryptocurrencies in general. Countries such as Venezuela have experienced extreme situations ranging from inflation of their currency to other economic situations which ultimately renders them useless to persons within that geographical location have been left with little or no choice but to seek refuge in cryptocurrencies.

Global Governments Request More Personal Data from Big Tech

Global Governments Request More Personal Data from Big Tech

A new study by Surfshark shows that global government requests for personal user data from Big Tech companies such as Meta, Apple, Google, and Microsoft have been on the rise since 2013. The study reveals that Meta had the most accounts of interest from authorities, while Apple had the fewest. Most requests came from authorities in the United States and Europe and were related to criminal investigations and civil or administrative cases.

Turkey Government Considers Introducing New Regulations After Collapse of Two Crypto Exchanges

Turkey Government Considers Introducing New Regulations After Collapse of Two Crypto Exchanges

Turkey is discussing plans to tighten crypto regulations after two local exchanges collapsed a few days ago.

CBDC Surveillance Concerns Spark Legislative Action

CBDC Surveillance Concerns Spark Legislative Action

Congressman Tom Emmer's CBDC Anti-Surveillance State Act aims to address surveillance risks in government-issued digital currencies, emphasizing privacy and autonomy in the evolving digital financial landscape.

Former Fed Chair Janet Yellen Comments on AI and Technology Advancement at the AFF 2020

Former Fed Chair Janet Yellen Comments on AI and Technology Advancement at the AFF 2020

At this year’s Asian Financial Forum, held in Hong Kong, former Federal Reserve Chair Janet Yellen was invited to speak at a Luncheon with moderator Norman Chan, the Senior Advisor at the Hong Kong Academy of Finance.

Blockchain: Emergence of a New Breed of Tax Professionals in the Digital VAT World

Blockchain: Emergence of a New Breed of Tax Professionals in the Digital VAT World

Governments around the world are seeking new sources of revenue, and value-added tax (VAT) is the key revenue driver and the largest contribution to governmental budgets. Each year billions of dollars are lost in tax revenue due to non-compliance, evasion, fraud, and non-collection.

Blockchain Technology can Radically Revamp Government Structures, Cardano Founder Says

Blockchain Technology can Radically Revamp Government Structures, Cardano Founder Says

Blockchain technology has the capability of revolutionizing government structures from the whelms of archaic processes to modern ones, according to Cardano founder Charles Hoskinson.

Exclusive: Transforming Healthcare Megatrends with Blockchain Healthcare Specialist

Exclusive: Transforming Healthcare Megatrends with Blockchain Healthcare Specialist

We are delighted to speak with Gerard Dache, Executive Director of GBA in his blockchain journey, the state of professional chapters for GBA and blockchain specialist courses. In particular, Gerard analyzes the uniqueness of blockchain healthcare specialists and its role in transforming the megatrends in the healthcare industry!

El Salvador is Opening a Bitcoin Embassy in the United States

El Salvador is Opening a Bitcoin Embassy in the United States

El Salvador, the first nation to legalize Bitcoin, is opening a Texas Bitcoin Embassy to promote BTC.

Crypto Investment Firm Paradigm Welcomes New Government Affairs Lead Alex Grieve

Crypto Investment Firm Paradigm Welcomes New Government Affairs Lead Alex Grieve

Alex Grieve joins Paradigm as Government Affairs Lead, bringing a decade of experience in politics and financial policy. Paradigm broadens its focus to include AI alongside crypto.

Turkish Government Announces Plans for National Blockchain Infrastructure

Turkish Government Announces Plans for National Blockchain Infrastructure

The Ministry of Industry and Technology of the Turkish Government announced its plan for a national blockchain infrastructure used in public administration on Sept. 18 in Ankara.

Lithuania Government Cashes in Seized Crypto Worth €6.4 Million

Lithuania Government Cashes in Seized Crypto Worth €6.4 Million

Through the State Tax Inspectorate (STI), the Lithuania government has cashed in €6.4 million and slotted it in the state budget after selling seized cryptocurrencies.

Indian Government Deploys Blockchain and AI to Enhance Supply Chain

Indian Government Deploys Blockchain and AI to Enhance Supply Chain

The Indian government has deployed high-end technologies like blockchain and artificial intelligence (AI) in its public procurement portal (GeM) to enhance trade.

US Government at a Loss of $9.9 Billion Due to Auctioning of Bitcoin

US Government at a Loss of $9.9 Billion Due to Auctioning of Bitcoin

The US Government has forfeited as much as $9.9 billion in gains from its Bitcoin auctions.

Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions

Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions

The Australian government is piloting a blockchain database to find out its viability on conveyancing transactions.

UK Government Wants FCA Oversight on Crypto Investment Advertising

UK Government Wants FCA Oversight on Crypto Investment Advertising

The UK Government has proposed that crypto asset promotions should fall under the scope of the Financial Conduct Authority’s existing oversight and does not require a whole new framework just for digital assets.

Government-Owned Swiss Bank to Provide Custodial Services for Cryptocurrencies

Government-Owned Swiss Bank to Provide Custodial Services for Cryptocurrencies

With the readiness of government-backed Swiss bank, bank Basler Kantonalbank (BKB) to offer crypto custodial services, the financial service sector is an inch closer to driving mainstream adoption of blockchain technology

Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency

Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency

The Thai government has remained visible as one of the leading governments committed to adopting blockchain technology. Many innovations concerning blockchain use cases can be learned from the government.

India’s Finance Minister Says Crypto Ban May not Happen and Government May Experiment with New Technologies

India’s Finance Minister Says Crypto Ban May not Happen and Government May Experiment with New Technologies

India’s Finance Minister, Nirmala Sitharaman, has revealed that the government is not intending to completely ban cryptocurrencies.

Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

The Chinese government has released its first-ever blockchain application blueprint regarding government services in the country. According to Beijing’s blueprint, 140 government services applications are already on blockchain and are divided into three categories, including data sharing and exchange, business collaborative processing, and electronic certificate and certificate storage.

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