NPC, China’s parliament suggests a government backed blockchain development fund to build a better governance system. National People’s Congress, China’s parliament and Chinese People’s Political Consultative Conference, the most powerful political advisory body in the country, have recently begun their annual sessions. These are widely referred to as the “Two Sessions” or “lianghui” meetings. These…
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The coronavirus outbreak may become the catalyst that will reveal the benefits of libertarian solutions and technology, such as cryptocurrency. We, as a society, are now experiencing a crisis of trust. The three pillars that we’ve had faith in all our lives — institutions, government entities and the media — have all failed us. From…
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The Ministry of Digital Transformation of Ukraine published crypto draft law “On Virtual Assets” in response to FATF’s June 2020 deadline. Ukraine is getting closer to providing a legal status for cryptocurrencies like Bitcoin (BTC) with a new draft bill published on Monday. On May 18, the Ministry of Digital Transformation of Ukraine published a…
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After graduating from task force to select committee this week, the blockchain crew within Wyoming’s state legislature held their first meeting today. On May 22, Wyoming’s Select Committee on Blockchain, Financial Technology and Digital Innovation technology convened in full for the first time, albeit virtually. Initially announced on May 17, the new select committee evolved…
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Only seven weeks after leaving Coinbase’s legal team, Brian P. Brooks will be taking over at the U.S. Treasury Department’s banking-focused bureau. According to a Thursday announcement from the United States Office of the Comptroller of the Currency, the former chief legal counsel of Coinbase, Brian P. Brooks, will step in as the head of the OCC on…
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The Philippine Institute for Peace, Violence and Terrorism Research has been tracking transactions made by local terror groups. A report published by the Philippine Institute for Peace, Violence and Terrorism Research (PIPVTR) reveals that terrorist groups related to Islamic State (IS) in Southeast Asia have recently made their first transactions using cryptocurrencies. According to the…
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A new bill before Congress asks regulators to put together a massive survey on the state of blockchain adoption and rank the U.S.’s adoption relative to other nations. On May 19, Representative Brett Guthrie (R-KY) introduced the “Advancing Blockchain Act.” Per a May 18 draft of the legislation obtained by Cointelegraph, the bill asks the…
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Today is the deadline for Dutch crypto companies to register with the Dutch Bank per new AML rules. The deadline is here: On May 18, unregistered Dutch crypto firms could face penalties if they do not fall into line with the Netherlands’ new anti-money laundering (AML) laws, passed by the Dutch Upper House on April…
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Fed Chair Jerome Powell said the bank has flooded the economy with money and would continue lending programs for as long as they’re needed. Chair of the United States Federal Reserve Jerome Powell recently spoke about measures taken during the financial crisis, with many on Twitter viewing his remarks as evidence of the need for…
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Former Bakkt CEO Kelly Loeffler sent documentation concerning her stock trades to the Justice Department amid insider trading accusations. The former chief executive officer of both Bakkt and the New York Stock Exchange’s parent company Intercontinental, U.S. Senator Kelly Loeffler, has handed over documentation concerning her trading activities to the U.S. Justice Department, or DoJ,…
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