Policies – Page 3 – Ƀitsell X

New regulatory bill grants Uruguayan Central Bank control over the nation’s crypto industry

September 13, 2022

The Uruguayan government introduced legislation to the parliament on Sept. 5, accelerating industry regulation. The Uruguayan government has introduced legislation to the parliament that accelerates the regulation of the crypto space in the country and establishes the central bank as the regulatory authority. Introduced on Sept 5, the bill strives to clarify the country’s regulatory framework…
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New finance minister Kwasi Kwarteng leaves crypto policy in the UK unclear

September 7, 2022

While serving as the secretary of state for business, energy and industrial strategy, Nadhim Zahawi was part of a department suggesting support for blockchain technology in 2021. Recently elected Conservative Party leader and prime minister of the United Kingdom Liz Truss has appointed Kwasi Kwarteng as the country’s newest chancellor of the exchequer, or chief…
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Crypto firms failed to deliver ‘promised benefits’ from lawmaker-backed incentives, says nonprofit

August 5, 2022

“At a minimum, the public should have a say in these crypto handouts,” said the Tech Transparency Project. The Tech Transparency Project, or TTP, a research initiative of the United States-based nonprofit watchdog group Campaign for Accountability, has released a report claiming crypto firms “provided little in return” for state governments offering financial incentives. In…
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Final candidates for next UK prime minister have made pro-crypto statements

July 28, 2022

The Conservative Party is expected to decide between Rishi Sunak and LizaTruss as the next party leader by Sept. 5, at which point Johnson will officially step down Rishi Sunak, the former chancellor of the Exchequer, and Liz Truss, Secretary of State for Foreign, Commonwealth and Development Affairs, two of the final candidates to become…
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Crypto Council for Innovation hires government insiders to build leadership team

July 27, 2022

Linda Jeng and Brett Quick will be joining the council in support of its policy and regulatory affairs team. The Crypto Council for Innovation, or CCI, a crypto advocacy group that establishes dialogues with governments and regulatory agencies on the benefits of crypto, has hired two new experts with experience in financial regulatory policy in…
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US Treasury calls for public comment on digital asset policy, following Biden’s executive order

July 12, 2022

President Joe Biden’s executive order on crypto from March directed the Treasury Department to take the lead among other government agencies in developing policy recommendations. The United State Department of the Treasury has requested comments from the public on the potential opportunities and risks of digital assets in compliance with President Joe Biden’s executive order…
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IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

June 8, 2022

In addition to eco-friendly components, the IMF recommended central banks to include other features in the CBDCs, such as compliance, higher resilience and offline capabilities. An International Monetary Fund (IMF) study on energy consumption revealed the importance of design choices within the crypto ecosystem to build an environmentally friendly mainstream payment system. In the study entitled…
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CFTC commissioner appoints senior policy adviser experienced in digital asset regulation

May 14, 2022

Keaghan Ames worked at Credit Suisse for more than two years as vice president and head of U.S. regulatory policy, which included advising executives on digital assets regulation. Caroline Pham, currently serving as a commissioner at the United States Commodity Futures Trading Commission, or CFTC, has announced a former head of U.S. regulatory policy at…
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Utah Governor approves of blockchain and digital innovation task force

May 8, 2022

Some of the primary duties assigned to the task force involve making policy recommendations related to blockchain and related technologies. After nearly a three-year-long discussion about establishing a task force to oversee blockchain and crypto initiatives, the governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force. The…
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US Senate confirms Lael Brainard as Fed vice chair

April 27, 2022

In a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years. After weeks of delays due, in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member of the Federal Reserve’s board of…
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