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Central Banks Consult on Tougher Crypto Asset Oversight
The Basel Committee on Banking Supervision (BCBS) is soliciting comments on “Designing a prudential treatment for crypto assets,” to improve the regulatory oversight by March 2020. The paper says, “These types of crypto-assets are not legal tender, and are not backed by any government or public authority. дальше »
2019-12-13 23:36 | |
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Crypto-Asset Guidelines to Be Drafted Based on Industry Input
The Basel Committee on Banking Supervision is calling for feedback on the prudential regulatory treatment of crypto-assets. Feedback received from insiders in both the crypto and traditional finance sectors will be used to draft guidelines for banks interested in dealing with crypto-assets. дальше »
2019-12-12 20:26 | |
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SEC Chairman highlights DLT, stablecoins, Libra before Senate Banking Committee
The United States' Securities and Exchange Commission [SEC] seems to be very active in the crypto-industry now, following its several attempts to regulate various parts of the industry. Recently, the The post SEC Chairman highlights DLT, stablecoins, Libra before Senate Banking Committee appeared first on AMBCrypto. дальше »
2019-12-11 10:00 | |
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Mnuchin Has No Problem With Libra Crypto Launch; Agrees With Powell, No Need For A Digital Dollar
Steven Mnuchin, the US Treasury Secretary said that he and Jerome Powell, the Federal Reserve Chairman, think the US doesn’t need to create a digital currency soon. This is what Mnuchin declared on Thursday, at a Washington House Financial Services Committee hearing: “Chair Powell and I have discussed this — we both agree that in […] дальше »
2019-12-6 17:59 | |
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Lawmakers Considering to Classify Stablecoins as Securities
Stablecoins may became a security, if lawmakers’ efforts are successful. Garcia and Gooden presented their bill to the House Financial Services Committee at the end of November, and spoke at a committee hearing on the topic of big data in the financial industry. дальше »
2019-12-2 02:14 | |
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Russia: De Facto Crypto Ban Will Be Hard to Achieve, Official Says
Russia may prohibit crypto payments for goods and services, but achieving such a ban might be quite difficult. This is the conclusion of Anatoly Aksakov, Chairman of the State Duma Committee on Financial Market. дальше »
2019-11-30 16:30 | |
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South Korean Committee Passes Bill Enforcing FATF Crypto Rules
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task Force. дальше »
2019-11-27 09:20 | |
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South Korea Progresses Bill to Provide Legal Foundation for Cryptocurrencies
The national policy committee of the South Korean National Assembly has approved a bill that would provide a legal basis for cryptocurrencies in the country
дальше »2019-11-27 21:44 | |
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China's PBoC announces standards to be followed by blockchain, Fintech groups
On the heels of Xi Jinping's historical blockchain announcement, China recently announced the establishment of a national standards committee for blockchain technology to boost high-tech innovation. дальше »
2019-11-21 12:38 | |
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China Central Bank to Set Standards for 17 Fintech Categories, Including Blockchain
The People’s Bank of China (PBoC) has an agenda to set industry standards across the financial sector, including blockchain, a senior official from the bank said on Wednesday. Speaking at a meeting of the National Technical Committee, PBoC vice president Yifei Fan said the bank aims to better regulate new technologies applied across the financial […] дальше »
2019-11-22 09:00 | |
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FOMC Minutes Say the Fed Will Pause on Interest Rates, But Economic Data Suggest Further Cuts Likely
The Federal Open Market Committee (FOMC) voted to lower interest rates last… The post FOMC Minutes Say the Fed Will Pause on Interest Rates, But Economic Data Suggest Further Cuts Likely appeared first on CCN.com дальше »
2019-11-22 03:21 | |
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China Launches Blockchain Standardization Committee as it Warms up to New Trends
China has announced the launch of a variety of technical committees for standardization of several industries. The committees will focus on the sharing economy, children’s products, and, most notably, blockchain technology. дальше »
2019-11-20 18:32 | |
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South Korean Exchange CEO Sentenced to 16 Years in Prison
A South Korean district court has sentenced executives of a local crypto exchange to prison. The CEO of the exchange got a 16-year jail sentence while other executives and their accomplices got between six and 11 years. дальше »
2019-11-13 15:20 | |
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Congress Was Recently Told Cryptocurrency is Becoming a “Significant Issue” for the FBI
In a meeting held on Tuesday, November 5, 2019, that involved the Senate Homeland Security Committee and the Federal Bureau of Investigation (FBI), talks regarding national security threats were expounded upon sharing more details on the matter. дальше »
2019-11-10 21:30 | |
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FBI Director Sees Crypto Becoming a Bigger Thorn in Its Side
Testifying in front of the Senate Homeland Security Committee as part of a hearing on national security threats, Christopher Wray, the director for the United States Federal Bureau of Investigation (FBI), made it plain that his bureau sees cryptocurrency as a threat. дальше »
2019-11-9 03:18 | |
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FBI Director: Cryptocurrencies Pose Threats to National Security
Appearing before a hearing by a U. S. Senate Committee to discuss national security and counterterrorism, the Director of the Federal Bureau of Investigation (FBI), Christopher Wray, replied to concerns about bitcoin and other cryptocurrencies. дальше »
2019-11-9 02:00 | |
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FBI Says Bitcoin Concern Is Getting ‘Bigger and Bigger’
In a recent U. S. Senate Committee on Homeland Security And Governmental Affairs hearing, Senator Mitt Romney expressed concerns about Bitcoin’s potential as a threat to national security. Federal Bureau of Investigation (FBI) Director Christopher Wray replied that cryptocurrency is a concern that’s “going to become a bigger and bigger one. дальше »
2019-11-8 21:35 | |
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Cryptocurrency Considered a ‘Significant Problem’ by US Homeland Security
Recently, at a hearing of the US Senate Committee On Homeland Security And Governmental Affairs, US Senator Mitt Romney (R-UT) brought up concerns over cryptocurrencies and whether they threaten Homeland Security. дальше »
2019-11-7 06:18 | |
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UN Accuses North Korea Of Laundering Money Via Hong Kong-based Blockchain Company
The sanctions committee of the United Nations has recently accused North Korea of using a blockchain firm in order to launder money overseas. According to the committee, an investigation was conducted and it was discovered that the country was using cryptos to evade sanctions imposed on it by the international community. Marine China, a blockchain […] дальше »
2019-11-7 23:00 | |
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Risk Management Framework for Global Banks to Apply for Crypto
The Basel Committee on Banking Supervision is one of the most important regulators for global banking standards. As per the Basel III norms, set by the committee in the wake of the 2008 financial crisis, banks are supposed to hold a requisite amount of liquid capital based on the risk of their lending portfolio andRead MoreRead More. дальше »
2019-11-1 12:00 | |
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Guangzhou Int’ l Vending Machines and Self-service Facilities Fair (China VMF 2020)
Coinspeaker Guangzhou Int’ l Vending Machines and Self-service Facilities Fair (China VMF 2020)Greetings from the organizing committee of China Int’ l Vending Machines and Self-service Facilities Fair 2020 (China VMF 2020), the leading vending fair in Asia. дальше »
2019-11-1 02:49 | |
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Presidential Committee Commits to Giving Crypto a Legal Status in Korea
During the 4th industrial revolution, the Korean presidential committee urged the government to accord cryptocurrencies a legal status. The committee said that this was to assist the country so it remains at the front in terms of innovations. дальше »
2019-10-31 21:21 | |
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Korean Presidential Committee Pushes to Legalize Crypto
A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. дальше »
2019-10-31 18:30 | |
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Chinese Government Releases 25 Video Lessons on Blockchain, Bitcoin, and Ethereum
The Publicity Department of the Central Committee of the Communist Party of China (CCPPD) has just released 25 instructional videos aimed at educating the public on blockchain technology. The video series even includes information on Ethereum and Bitcoin. дальше »
2019-10-31 08:24 | |
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Interest Rates Cut by Federal Reserve, Though A Pause Is Coming
Just as expected, the Federal Reserve approved a quarter-point interest rate cut today, which is the third cut that the authority has performed this year. The financial market was anticipating this vote, according to reports from CNBC, during which time the Federal Open Market Committee lowered the benchmark funds rate to 1.5% to 1.75%, which […] дальше »
2019-10-31 02:44 | |
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Tolar HashNET cited as example of low energy consumption blockchain by EESC
At the plenary session of the European Economic and Social Committee (EESC), the opinion for “Blockchain and the EU Single Market: what next?” was adopted. In an opinion prepared by rapporteur Ariane Rodert, Tolar HashNET was used as an example of a blockchain solution with low energy consumption. дальше »
2019-10-31 00:38 | |
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Boeing (BA) Stock Is Preventing Dow from Liftoff as Congress Blasts CEO for Reckless Safety Standards
Boeing shares rose on Monday, but are down sharply this year. At 8. 5% of the Dow, BA continues to be a significant drag on the blue-chip index. Boeing CEO Dennis Muilenburg testified before the Senate Commerce Committee on Tuesday, where his company was criticized for its safety standards and ‘cozy’ relationship with the FAA. дальше »
2019-10-31 21:00 | |
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Ripple Adds Ex-BoA and Blockchain Exec as Head of Regulatory Affairs, MoneyGram Upset With XRP’s Pace?
Ripple onboards Benjamin Melnicki, former Bank of America Executive, to serve as the firm’s Head of Regulatory Affairs reports U Today. Melnicki will be tasked with communicating with the U. S. Securities and Exchange Committee on the firm’s behalf. дальше »
2019-10-28 21:12 | |
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Blockchain Company Xunlei Sees Nasdaq Share Prices Triple After China’s Commitment To Tech
Shortly after Chinese President Xi Jingpin commented on how blockchain should be embraced, a lot of interesting events unfurled. The President during his speech at a meeting of the Political Bureau of the Chinese Communist Party’s Central Committee on Thursday remarked that the country should “seize the opportunity” afforded by the development of blockchain technology. […] дальше »
2019-10-28 16:56 | |
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Interest for blockchain skyrockets on WeChat and Baidu in China
Search volumes for the word “blockchain” skyrocketed in China after President Xi Jinping said that his administration would embrace blockchain technology. Interest for blockchain rises On Friday, Oct. дальше »
2019-10-28 12:08 | |
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Chinese Bank Invests in Bitcoin Wallet After President Xi’s Remarks: Report
On Friday, China’s leader, President Xi Jinping, absolutely floored the Bitcoin community. Speaking at a meeting of the Political Bureau of the Chinese Communist Party’s Central Committee, Xi called for the adoption of blockchain “as an important breakthrough for independent innovation of core technologies. дальше »
2019-10-28 10:24 | |
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Primitive Ventures’ Dovey Wan on Significance of China’s New Cryptography Law
On October 26, the Standing Committee of the 13th National People’s Congress in China revealed that a new cryptography law will go into effect January 1, 2020, according to local news outlet Xinhuanet. The announcement... дальше »
2019-10-27 10:22 | |
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The Race is On: China Passes the Very First “Crypto Law,” Will Go into Effect in January, Next Year
Now, the Standing Committee of the 13th National People’s Congress in China has passed a new law on Oct. 26 to regulate cryptography. The law will be implemented from January 2020, reported local news channel CCTV. дальше »
2019-10-26 20:02 | |
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China, BitMEX and Bakkt push Bitcoin past $10,000
“Bitcoin to the moon,” might not be so far after all. In a week that was marred by Mark Zuckerberg sitting pale-faced before the House Financial Services Committee, Bitcoin, better late than never, swooped in and stole the spotlight. дальше »
2019-10-26 16:00 | |
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President Xi Jinping: China Needs To ‘Seize the Opportunity’ To Be Leading in Blockchain Tech
In a meeting with the political bureau of China’s communist party’s Central Committee, President Xi Jinping stressed taking the “leading position” in the emerging field of blockchain, according to a report by Xinhua News Agency. дальше »
2019-10-25 16:56 | |
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Crypto Markets Pump As President Xi Calls Blockchain a ‘Breakthrough’
As if to prove Zuckerberg right in his reasons to move ahead with Libra, President of the People’s Republic of China Xi Jinping has promised extra funding for blockchain. He called the technology “an important breakthrough” for independent innovation. дальше »
2019-10-25 15:56 | |
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China Must Lead Blockchain Development, Says President Xi Jinping
Chinese President Xi Jinping said Thursday that the time has come for the country to harness the true potential of blockchain technology. Xi made that remark yesterday during his speech at a Politburo meeting of the Communist Party of China’s (CCP’s) Central Committee. дальше »
2019-10-26 15:49 | |
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Zuckerberg reminds Congress that Libra has not forgotten the US Dollar
Finally, after four months of Facebook unveiling its payments move to disrupt the world economy as we know it, CEO Mark Zuckerberg stepped into the ring. Libra was the centre of attention in Washington D. дальше »
2019-10-24 16:30 | |
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Congressman says XRP, ETH, and BTC are actual cryptocurrencies, not Libra
At Facebook CEO Mark Zuckerberg’s Senate testimony, Republican congressman Ted Budd of North Carolina said that Bitcoin, Ethereum, and XRP are actual cryptocurrencies, while Libra isn’t. By “actual” cryptocurrencies, Congressman Budd likely meant that unlike the three assets, Libra is not open-sourced and permissionless. дальше »
2019-10-24 12:02 | |
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Facebook will leave Association if Libra goes against U.S regulations: Mark Zuckerberg
The purpose behind Facebook CEO Mark Zuckerberg being called before the U. S Congress to testify on Libra was to identify the company’s intention behind launching the cryptocurrency, an intention which some believe, threatens the U. дальше »
2019-10-24 08:05 | |
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Congress grills Zuckerberg on everything from Libra to hate speech on Facebook
Mark Zuckerberg, the founder and CEO of Facebook, has testified before the U. S. House Financial Services Committee, where Congress members have raised their concerns about the company’s past and future dealings. дальше »
2019-10-24 07:09 | |
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