Crypto Market Forecast: Week of May 8th 2023

A curated weekly summary of forward-focused crypto news that matters. This week, Binance closes BTC withdrawals citing congestion, Montana signs a new bill to establish cryptocurrency friendliness, and Americans are worried about the safety of their money stored in banks.

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Crypto Market Forecast: Week of April 17th 2023

A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin surges as Montana passes a "right to mine" bill, a CBDC for International Central Banks is set to be launched, and court documents reveal the Bhutan Investment Funds.

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New US Crypto AML Bill May Bar Banks From Transacting With Crypto Mixing Platforms

For what seemed like the most significant financial task, lawmakers in the US recently gathered to shape the future of crypto in America. The all-crucial hearing titled “Crypto crash: Why Financial System Safeguards are needed for crypto assets,” held on the 14th of February sought to spell out what went wrong with the recent spate […]

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Brazil’s Congress Passes Bill Legalizing Bitcoin, Ether Payments

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Australian Senator Proposes Crypto Bill Targeting China's Digital Yuan

The proposal lays out disclosure requirements for banks that could make China's central bank digital currency available for use in Australia, and seeks to set up licensing frameworks for stablecoin issuers.

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Here's Why Portuguese Banks Are Closing Crypto Exchange Accounts

In the past year, at least three exchanges have had their accounts shut down with major Portuguese banks, despite obtaining regulatory approval to operate in the country. And although some anticipate the MiCA bill to allow exchanges to do so, others are pessimistic about its reach.

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Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says

Congress may rebuff U.S. regulators who wanted stablecoins to be the exclusive territory of banks, according to a lawmaker familiar with a legislative effort now in motion. Democrats on the House Financial Services Committee have been working on requirements that may not be as restrictive as the Treasury Department and financial regulators had asked.

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Japan passes bill to limit stablecoin issuance to banks and trust companies

The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse.

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Virginia Senate Passes Bill Allowing State Banks To Offer Bitcoin Custody Services

A bill passed in the Virginian Senate allows banks to offer custodial services for bitcoin in either a fiduciary or non-fiduciary capacity once signed into law.

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US Virginia Senate allows state banks to offer crypto custody services

Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services.

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U.S. lawmaker limits Fed's authority in CBDC issuance through a new bill

Much like most central banks globally, the U. S. Federal Reserve has also been under the process of developing a central bank digital currency (CBDC) for quite a while. The country's pace or urgency wiThe post U.

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Crypto Market Dips and Over 165k Traders Get Liquidated for More Than $890 Million

But as long as central banks and governments continue to print money, which they will as Democrats are now pushing to expand the largest single spending bill in history $3. 5 trillion package, investors will continue to turn to risk assets.

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Wyoming’s crypto-friendly bill could be a sandbox in action, Sen. Lummis says

The new bill would allow crypto banks to get faster approvals for conducting business in Wyoming.

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Spain: People’s Party Proposes Bill to Allow Crypto for Mortgage Payments

The People’s Party (PP) of Spain wants to promote the use of cryptocurrencies, and it proposes allowing them to be used not only for mortgage payments by homeowners but also for companies in the real estate sector and fund managers to use their own cryptocurrency to buy groups of mortgages from banks in securitization processes.Read More

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El Salvador’s Bitcoin bill has 5 key benefits, says Bank of America

US financial services player Bank of America, one of the world’s largest banks, has come out in support of El Salvador’s Bitcoin bill in a note to clients last week. The post El Salvador’s Bitcoin bill has 5 key benefits, says Bank of America appeared first on CryptoSlate.

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El Salvador's banks have this to lose thanks to country's Bitcoin adoption

Earlier this month, El Salvador became the first country to adopt Bitcoin as legal tender, passing a bill to this effect. What's more, El Salvador now is going as far as airdropping $30 worth of BTC tThe post El Salvador's banks have this to lose thanks to country's Bitcoin adoption appeared first on AMBCrypto.

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Texas regulator allows state-chartered banks to hold Bitcoin

The Texas House of Representatives passed a bill to recognize cryptocurrencies under commercial law last month.

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Nebraska signs law to authorize state-chartered banks to custody crypto

The bill was co-authored with the cryptocurrency firm Telcoin and introduced by Republican state senator Mike Flood.

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Nebraska Approves Bill Allowing Banks Offer Crypto Services

The Nebraska state legislature has approved a bill that would allow banks in the state to offer cryptocurrency services to customers. Nebraska's Crypto Banking Charter Bill Nebraska state senators have voted for the bill that would allow banks to register as cryptocurrency depositories and offer crypto trading services to customers.

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Nebraska bill allowing banks to offer crypto services moves forward

Nebraska senators have favored a measure that would allow state banks to facilitate crypto transactions like those in Wyoming.

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Iran Authorizes Banks and Currency Exchangers to Use Cryptocurrencies to Pay for Imports

The Central Bank of Iran has authorized banks and currency exchangers to use cryptocurrencies mined by licensed crypto miners in the country to pay for imports. Meanwhile, a bill is being drafted to provide regulatory clarity regarding crypto-related activities.

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Crypto bank opens physical location in India's capital as potential regulatory ban looms

Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters.

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Nebraska Lawmaker Introduces Bills That Would Permit Banks to Custody Crypto

Senator Mike Flood hopes to pass the bill in order to make Nebraska a financial technology hub and create new jobs.

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Every Major Bank Will Have Exposure to Bitcoin, Says Renowned Fund Manager Bill Miller

Veteran investor Bill Miller says that all major banks, investment banks, and high net worth firms will eventually have some exposure to bitcoin or something like it. He said that bitcoin’s staying power is getting better every day.

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Treasury Bill Yields Turning Negative Is “Mega Bullish for Bitcoin,” Says Macro Trader

Global stock markets surged higher on Friday after central banks around the world unleashed a torrent of stimulus measures to cushion the shock from coronavirus (Covid-19). With US stock futures sharply higher, Wall Street is expected to have yet another big swing.

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Hawaii: Lawmakers Introduce Bill That Enables Banks to Offer Crypto Custody Services

According to a report by The Block published on January 24, 2020, five lawmakers from the U. S. state of Hawaii have introduced a bill that seeks to enable commercial banks to provide custody for cryptocurrencies.

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Hawaii Lawmakers Submit a Bill to Allow Banks to Provide Custody for Digital Assets

Hawaiian lawmakers have submitted a bill SB2594 on Jan. 18 that would make it legal for the banks to provide custody for digital assets. As per this bill, Hawaiin banks will be allowed to hold “Digital asset,” “Digital consumer assets,” “Digital security,” “Virtual currency,” and any other “open blockchain token” for their customers. Banks can […]

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Hawaii Introduces Bill Authorizing Banks to Offer Crypto Custody

A bill in the Hawaii State Senate aims to clarify its classification of digital assets and pave the way for banks to provide custody services

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Hawaii's lawmakers file bill that allows banks to offer crypto-custody services

Hawaiian lawmakers have recently submitted a bill that, if passed, would enable banks to provide crypto custody services. The bill, SB2594, would officially make it legal for Hawaiian banks to hold diThe post Hawaii's lawmakers file bill that allows banks to offer crypto-custody services appeared first on AMBCrypto.

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Hawaiian Bill Would Let Banks Act as Crypto Custodians

Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets.

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Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies

In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines […] The post Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies appeared first on Bitcoin News.

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Regulatory Roundup: Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia

Some major regulatory developments in the crypto space have transpired this week. Not only has Germany passed a bill allowing banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry.

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Europe: Banks May Hold and Sell Bitcoin Starting From 2020

According to a new bill on the Fourth Money Laundering Directive drafted by the European Union (EU), banks could be authorized to offer digital assets services including storage for customers. Germany would likely be the first nation to adopt the proposal.

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German Bill Encouraging Crypto Adoption Passes Bundesrat

Starting from 2020, German banks should be able to provide sale and custody services for cryptocurrencies. This is the result of a bill approved today by the Bundesrat, a state-level representative body often compared to the U.

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Germany proposes bill to allow banks to deal in cryptocurrency in 2020, here’s what this will mean [UPDATED]

The federal parliament of Germany has drafted a bill that, if enacted, will allow banks to become custodians and merchants of cryptocurrency in 2020, German business newspaper Handelsblatt reported Wednesday.

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Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks

The 11th week of protesting in Hong Kong has passed as the world has witnessed massive sit-ins at the national airport and demonstrations across several locations citywide. The 2019 anti-extradition bill protests have affected Hong Kong’s local economy, investors have dumped on the benchmark Hang Seng index, and now pro-independence activist, Chen Haotian, has called […] The post Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks appeared first on Bitcoin News.

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Central Banks Worldwide Testing Their Own Digital Currencies

Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden.

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Blockchain Technology May Be Utilized for California Water Rights Management

The Pacific Institute in Colorado is now to dip its hands into a few water-related endeavors, with the help of blockchain technology. A Bill 184 now has asked that the Institute consider the setting up of water banks or storages, water rights database management and also general administration. This is expected to begin as soon […]

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Colorado senator wants to study blockchain for water rights management

A senator in Colorado wants the state to study the potential use of blockchain technology in water rights management. A bill submitted by Republican senator Jack Tate, alongside representatives Jeni James Arndt, and Marc Catlin, outlines the reasons why the Colorado Water Institute should be authorized to explore how the technology could help maximize operational efficiency, CoinDesk reports.

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Blockchain Advocacy Coalition Sponsors Bill to Allow Crypto for Legal Cannabis Tax

Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency.

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Wall Street’s about to Bid Farewell to One of its Biggest Bitcoin Bulls

Serial investor and bitcoin advocate Bill Gross has announced his immediate retirement from active bond investment to manage his own funds. Gross who was dubbed the  “bond king” for his role in active bond-trading almost 50 years ago, achieved fame and notoriety in equal measure for his investment advice to pick bitcoin over central banks.

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Bill Gross Retires: Here’s What the ‘Bond King’ Thinks of Bitcoin

Bill Gross, the billionaire bond manager, is retiring from his position at Janus Henderson. Once dubbed the ‘bond king,’ Gross like many others in mainstream finance, offered his opinion about Bitcoin.

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Wyoming Senate Passes Bill Recognizing Cryptocurrency as Money

The Senate of the U. S. state of Wyoming has passed a bill which defines cryptocurrency as property and establishes rules including for allowing banks to provide crypto custodial services. For secured transactions, however, the bill recognizes cryptocurrency as money subject to some of the same rules as money in the state.

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New Wyoming Bill ‘SF0125’ Set To Make Crypto Custodianship Permissions With Banks Possible

It looks like Wyoming might become the first state in the United States to give banking permissions for crypto and digital assets after a new bipartisan law is passed. Bill SF0125, which was first showed to the lawmakers last Friday.

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Wyoming Bill Would Clear the Way for Crypto Custody at Banks

Wyoming legislators have introduced a bill to classify digital assets as property and provide banks with clarity on crypto custodial services.

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Wyoming Passes Bill to Secure Banking Relations for Blockchain Companies

The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.

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Wyoming Passes Blockchain Bank Bill Despite Industry Opposition

Despite serious opposition from the banking industry, the state of Wyoming has passed a blockchain bank bill almost unanimously. The move further cements the state’s welcoming approach to blockchain integration.

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The Daily: New Crypto Bills on Capitol Hill, Russian Banks Face Demand for Cryptocurrencies

From Washington to Moscow, cryptocurrencies have entered the agenda of those who share a vocation to rule and regulate. Following the congressional summer vacation, the House of Representatives passed a bill that will enable the Treasury to investigate crypto transactions, while a Congressman plans to introduce three drafts supporting the crypto industry.

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President Bill Clinton and Counting Crows Headline Swell 2018

Swell by Ripple is the only event today where blockchain, finance and policy converge — a meeting ground for more than five hundred industry experts committed to changing the way money moves around the world.

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