United States SEC Commissioner Hester Peirce wants to focus on new guidance for DeFi and future Ethereum projects. Hester Peirce, commissioner for the United States Securities and Exchange Commission, explained during an exclusive interview with Cointelegraph that decentralized finance, also known as DeFi, has created new challenges for the SEC. Peirce, nicknamed “Crypto Mom” for…
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The Swiss National Bank and the BIS don’t want to miss out on possible blockchain-powered benefits for the financial system. The Bank for International Settlements and the Swiss National Bank and are exploring the benefits of implementing a central bank digital currency, or CBDC, using blockchain technology. According to a Dec. 3 announcement, the BIS…
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The United Nations wants to tackle urban challenges like land grabbing and inefficient use of space with blockchain technology. The United Nations has released a blockchain-powered solution to help the Afghan government manage property ownership issues in the country’s urban areas. According to a Dec. 2 announcement, the U.N. Human Settlements Programme, or U.N.-Habitat, will…
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Despite ambitions of overtaking the dollar, China’s central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand. There are technical limits to even the most technologically ambitious of central banks. So says Sky Guo, CEO of Cypherium — an enterprise blockchain platform that…
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Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks. The U.S. Treasury’s Office of the Comptroller of the Currency is expanding an outreach program designed to provide access to minority depository institutions, or MDIs. Per a Thursday announcement shared with Cointelegraph, the OCC’s…
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A controversial bill to ban the use of cash for transactions over $10,000 has been voted out by the Australian Senate A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous senate vote. One Nation Senator Malcolm Roberts brought the motion to remove…
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The project is hoping that a new name will help people forget the mass regulatory panic that drowned out Libra’s initial announcement. Per a Tuesday press release, the Libra Association is changing its name to the Diem Association. The shift is likely in the hopes of turning the page on Libra’s PR. Facebook initially announced…
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The postponement follows a successful lobbying campaign by local crypto advocates. The South Korean government has officially postponed a new tax regime on cryptocurrency gains until 2022. According to Yonhap on Dec. 1, the planning and finance committee of South Korea’s national assembly passed amendments to the country’s tax laws wherein a new cryptocurrency tax…
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The economic historian said that President-elect Biden’s administration should consider Bitcoin as an alternative to a “Chinese-style digital dollar.” British economic and financial historian Niall Ferguson said the United States needs to find its own path in adopting cryptocurrencies, rather than “building [its] own versions of China’s electronic payments systems.” In a Bloomberg opinion piece,…
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With cheap and scalable trustless systems, blockchain tech has the ability to drive industry adoption to a new level. When most people imagine the problems solved and industries disrupted by blockchain technology, the typical use cases come to mind: global currency, store of value and even a way to track goods on an immutable ledger.…
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