Stakeholders believe that the digital shekel would boost competition, but remain divided on the matter of privacy.
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Category: Regulation News
UK government targets crypto in latest legislative agenda
The Queen’s Speech for the State Opening of Parliament included bills supporting “the safe adoption of cryptocurrencies” as well as the authority to “seize and […]
Go green or die? Bitcoin miners aim for carbon neutrality by mining near data centers
Bitcoin mining companies must prove carbon neutrality as new regulations come to play, but are carbon offsets enough?
Nigeria upgrades CBDC as crypto restrictions cripple fintech industry
Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies […]
Mining Capital Coin CEO accused of $62M investment fraud scheme
“Capuci operated a fraudulent investment scheme and did not use investors’ funds to mine new cryptocurrency, as promised, but instead diverted the funds to cryptocurrency […]
The Fed cites worries about stablecoin in its latest Financial Stability Report
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC.
US Treasury Secretary reaffirms need for stablecoin regulation following UST crash
Janet Yellen said it would be “highly appropriate” to aim for “a consistent federal framework” on stablecoins by the end of 2022 in the U.S., […]
Utah Governor approves of blockchain and digital innovation task force
Some of the primary duties assigned to the task force involve making policy recommendations related to blockchain and related technologies.
For the crypto industry, supporting sanctions is an opportunity to rebrand
Failure to align with the wider financial services industry by enforcing sanctions against Russia will come at a high cost for the crypto sector.
IMF recommends the Bahamas ‘accelerate its education campaigns’ on CBDC
In addition to recommending the financial education of the public in the Bahamas, the IMF hinted at the importance of a “robust supervisory and regulatory […]