Iran seizes 7,000 Bitcoin mining rigs
Totalitarian action! We move from China to Iran, where the government is has upped its curb on crypto by going after mining rigs that are operating illegally in the …
Tag: Government
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 …
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 …
The Fed to unveil digital dollar prototypes in July
New horizon? We do know that the Federal Reserve is actively working on a central bank digital currency, also known as a CBDC, but there is now intel that …
UK to focus crypto regulations on stablecoins
Solid strategy. The UK will focus first on regulating stablecoins rather then the broader cryptocurrency markets. This has been confirmed by its financial services minister. The treasury minister was …
