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SEC Chair Gary Gensler says the US government will not ban cryptos

Gary Gensler, the Chairman of the US Securities Exchange Commission (SEC), has said the regulator does not plan to ban digital assets. Gensler made this comment on October 5 during a House of Representatives hearing after Republican lawmaker Tedd Budd asked whether the SEC could follow in China’s footsteps and impose an outright ban on […] The post SEC Chair Gary Gensler says the US government will not ban cryptos appeared first on Invezz. дальше »

2021-10-7 15:57


Significant Stablecoin Adoption Could Result in “Excessive Market Power,” says BIS Report on CBDC

Central bank money ensures public trust in money and supports public welfare, said the global body policymaker in its latest report on central bank digital currencies (CBDCs). With new forms of digital money issued by the private sector, such as stablecoins emerging, which has accelerated since the Covid-19 pandemic began, central banks are also ensuring […] The post Significant Stablecoin Adoption Could Result in “Excessive Market Power,” says BIS Report on CBDC first appeared on BitcoinExchangeGuide. дальше »

2021-10-1 18:12


Cleveland Fed President Supports Tapering in November and is “Open Minded” about a Digital Dollar

Cleveland Federal Reserve President Loretta Mester said Friday she supports the US central bank to start tapering its bond purchases at the next monetary policy meeting. Mester during a speech to the Ohio Bankers League said, “In my view, the economy has met those conditions, and I support starting to dial back our purchases in […] The post Cleveland Fed President Supports Tapering in November and is “Open Minded” about a Digital Dollar first appeared on BitcoinExchangeGuide. дальше »

2021-9-24 19:05


Crypto Investors Approaching Large Institutions in Bond Market for Loans Against Digital Assets

The largest institutions are seeing increased inquiries for loans from crypto investors, revealed TCW Group portfolio manager Bryan Whalen. During a panel discussion this week at the Morningstar Investment Conference, Whalen said crypto investors are seeking loans for big institutions against their crypto assets. дальше »

2021-9-24 17:27


Trust Token CEO: ‘DeFi is a transformation in finance’

Benoit Coeuré, Bank for International Settlements official and former member of the European Central Bank’s board of directors, said in a recent speech at an EuroFi event that stablecoins and DeFi in general were ‘challenging banks’ business models’ and authorities had to work on creating official digital assets quickly, highlighting growing fears in traditional financial […] The post Trust Token CEO: ‘DeFi is a transformation in finance’ appeared first on Invezz. дальше »

2021-9-22 22:05


Infrastructure Bill’s Overlooked “Digital Assets” Tax Provision is a Disaster and an Attack on Privacy

The trillion-dollar infrastructure bill passed by the Senate and now pending in the House that has an overreaching definition of ‘broker’ also contains an overlooked “digital assets” provision. If this bill becomes law, that would be a disaster, said Abraham Sutherland, an adjunct professor at the University of Virginia School of Law and an adviser […] The post Infrastructure Bill’s Overlooked “Digital Assets” Tax Provision is a Disaster and an Attack on Privacy first appeared on BitcoinExchangeGuide. дальше »

2021-9-19 16:33


Digital assets witness higher inflows, thanks to 'altcoins rather than Bitcoin'

Institutions across the globe have been increasingly investing in crypto tokens. Currently, the investment is valued at $2.01T, with a 1.45% rise in 24 hours. That said, here is more data on how the tThe post Digital assets witness higher inflows, thanks to 'altcoins rather than Bitcoin' appeared first on AMBCrypto. дальше »

2021-9-1 21:00


Digital Assets “Not Regulated by the CFTC,” Even if They Are A Commodity: CFTC Commissioner

One of the Commissioners of Commodity Futures Trading Commission (CFTC), Dawn D. Stump, released a statement on Monday detailing the agency’s regulatory authority over digital assets. She said, “The CFTC’s regulatory oversight authority, as well as the application of our enforcement authority, must be well understood by the public. дальше »

2021-8-24 17:33


Crypto Roundup: August 23rd, 2021

Bitcoin has once again passed the key milestone of $50K after a week that saw some of the biggest global corporations make moves on the digital asset market. Retail giant Walmart posted a job for a crypto expert to investigate virtual payment options, Facebook announced that their crypto wallet is approaching its launch date, and Microsoft said it is considering using Ethereum to counter-piracy. дальше »

2021-8-24 13:38


“Eventually,” A Digital Dollar Could Be Issued But Fed Is Still A “Long Way” From Deciding On It, Says A US Central Bank Official

Dallas Federal Reserve Robert Kaplan said the US central bank could see it eventually issuing its own digital currency, calling it the “last mile” in the digitization of the payment system. “I would imagine in the years ahead — it's something the Fed is actively working on now — and I can see reasons why […] The post “Eventually,” A Digital Dollar Could Be Issued But Fed Is Still A “Long Way” From Deciding On It, Says A US Central Bank Official first appeared on BitcoinExchangeGuide. дальше »

2021-8-22 17:38


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Ukraine Minister Says First Digital Currency Pilot Could Focus on Staff Salary Payments

The head of Ukraine’s Ministry of Digital Transformation has said that paying the staff of the ministry in the proposed central bank digital currency (CBDC) is under consideration.  Ukraine CBDC Pilot Could Initially Involve Salay Payments In a recent interview with local Ukraine news outlet TSN, Mikhail Fedorov, who is also the country’s deputy PrimeRead More дальше »

2021-8-19 11:00


U.S. Retail Giant Walmart Looking To Get Into Crypto Payments, Hiring Digital And Cryptocurrency Lead

Crypto payments are inevitable at this point. And it looks like the big shots know this too. U.S. retail giant Walmart has sparked a lot of speculations in the market with its recent ad posting. The posting which was made on LinkedIn said that the company was in search of a digital and cryptocurrency product […] дальше »

2021-8-16 20:00


South Korea Proposing Revision of Tax Code to Allow the Confiscation of Crypto Assets of Tax Dodgers

South Korea is now considering tightening its crackdown on tax evasion by cryptocurrency investors and high-income earners, said the finance ministry on Monday. The government is proposing to revise tax codes that will allow tax authorities to seize tax dodgers’ crypto assets even if they are held in digital wallets, starting next year. дальше »

2021-7-26 17:27


JPMorgan Wealth CEO says A Lot of its Clients See Bitcoin as an Asset Class and ‘Want to Invest’

J.P. Morgan Asset & Wealth Management CEO Mary Callahan Erdoes says most of its clients see digital currencies as an asset class. In an interview with Bloomberg when asked if their clients want to invest in cryptocurrency, do they suggest against it or help them out with it, Erodes said it is their job to […] The post JPMorgan Wealth CEO says A Lot of its Clients See Bitcoin as an Asset Class and ‘Want to Invest’ first appeared on BitcoinExchangeGuide. дальше »

2021-7-22 20:01


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US Treasury Secretary Yellen Outlines Plans to Regulate Stablecoins in Collaboration With the Fed, SEC, CFTC

U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for new authorities,” said […] дальше »

2021-7-17 18:30


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Vietnamese Government Planning to Conduct CBDC Pilot

Vietnam has become the latest country to explore central bank digital currency (CBDC), although the government has said that a sovereign digital currency would not replace the country’s fiat.  Vietnam’s Proposed Digital Currency not a Cash Replacement According to Nikkei Asia on Monday (July 12, 2021), the decision by the Vietnamese government to explore theRead More дальше »

2021-7-13 23:00


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First CBDC Coming To Africa As Ghana Plans to Launch Pilot in September

The Bank of Ghana (BoG) will launch its central bank digital currency project’s pilot in September, according to the Bank’s First deputy governor, Maxwell Opuku-Afari. Modern Ghana, a local news outlet, reported that the deputy governor said the project is currently in its last phase of development, and implementation is expected to start in two […] дальше »

2021-7-13 18:02


Mike Novogratz: China’s War On Crypto Is Helping The US Crypto Community

Galaxy Digital CEO Mike Novogratz has shared some geopolitical insights on crypto as Bitcoin (BTC) has continued to trade sideways after plunging below $33,000 on Thursday. US Crypto Community Winning Over Asia Novogratz said in an interview with CNBC’s Squawk Box that Bitcoin’s price is now consolidating between $30,000 and $35,000, implying that the US […] дальше »

2021-7-9 20:15


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Visa and 50 Crypto Platforms to Enable Cryptocurrency Payments at 70 Million Merchants

Visa Inc. announced Wednesday that the transactions via crypto-linked Visa cards exceeded $1 billion in the first quarter. The company further said that it is partnering with 50 major cryptocurrency platforms “to launch card programs that make it easy to convert and spend digital currency at 70 million merchants worldwide.” Visa Announces $1 Billion in […] дальше »

2021-7-9 04:30