World Bank will not help El Salvador with Bitcoin
You’re on your own, bub! The World Bank has denied a request from El Salvador for technical assistance in implementing Bitcoin as a legal tender. And guess what the …
Category: Government
Crypto may force SEC to modernize custody rules
New world, new rules. SEC Commissioner Hester Pierce is in the news again, this time sharing her thoughts on how the regulatory body might be forced to modernize its …
Don’t expect crypto regulations from Congress anytime soon
Politics. Things like these takes time. US Congressman Jim Himes has weighed in on just how quick could the US Congress be ready to pass cryptocurrency legislation. And let’s …
Treasury wants crypto transfers over $10,000 to be reported to IRS
New measures? The US Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. …
Australian government will not stand in the way of crypto
That’s the way I like it! An Australian federal minister has said that government has no objection to people investing in crypto assets, though she also warned of the …
Iran authorizes cryptocurrencies to pay for imports
The Central Bank of Iran (CBI) has authorized banks and currency exchangers to use cryptocurrencies mined by licensed miners in the country to pay for imports. At the same …
Bank of England to launch a central bank digital currency taskforce
Good one, old sport! Her Majesty’s Treasury and the Bank of England have revealed the establishment of a CBDC taskforce that will explore the potential for a UK central …
Former SEC chairman expects fair amount of regulation on crypto
They’re coming! Former SEC chairman Harvey Pitt expects a fair amount of crypto regulation coming from the US Securities and Exchange Commission (SEC) following the confirmation of the new …
Fed chair says cryptocurrencies are vehicles for speculation
The Federal Reserve chairman believes that cryptocurrencies are really a vehicle for speculation, and no one is using them for payments. He then compared crypto to gold. Jerome Powell …