President Donald Trump’s $4.8 trillion 2021 budget proposal hopes to return the Secret Service to the Treasury in a bid to enhance cyber and financial crime investigations. President Donald Trump’s $4.8 trillion 2021 budget proposal hopes to reconsolidate the Secret Service with the Treasury Department in order to enhance cyber and financial crime investigations. Established…
Read more
Thickening regulations may drive crypto firms out of the EU, the rest will have to comply with “unclear and fragmented” laws for benefits in the long run. The European Union lately has been a hotbed for political and regulatory developments that could have a considerable impact on the day-to-day operations of the continent’s financial service…
Read more
Hearings in the Indian Supreme Court have opened a discussion between the crypto space and lawmakers on the tech’s potential in the country. India has developed a somewhat paradoxical relationship with cryptocurrencies, blockchain and other emerging technologies. On one hand, the Indian government is a huge proponent of distributed ledger technology, with several government-led initiatives…
Read more
Huobi joins Binance and LG Electronics as a member of the Klaytn Governance Council, a part of Kakao’s public blockchain project. Huobi is the latest firm to join the Klaytn Governance Council, a part of Kakao’s public blockchain project which runs its distributed network under the shared governance. The council grows According to an early…
Read more
Ukrainian authorities said that crypto mining does not require regulatory activity from governmental oversight bodies or other third-party regulations. Ukrainian authorities said that crypto mining does not require regulatory activity from governmental oversight bodies or other third-party regulations. In its manifest on virtual assets published on Feb. 7, the Ministry of Digital Transformation of Ukraine…
Read more
Japan is feeling the pressure of China’s moves forward with a digital yuan, with lawmakers calling for the G7 to put CBDCs on its 2020 agenda. Japan is feeling the pressure of China’s strident moves forward with a digital yuan. According to a Feb. 7 Reuters report, top lawmakers in the country are calling on…
Read more
The Blockchain Association has launched a working group to push for a U.S.-wide regulatory framework… Will the legislators listen? A new working group, spearheaded by senior employees of Ripple and Coinbase, is going to advise United States regulators on crypto-friendly policies. But congresspeople are too busy preparing for the upcoming elections, which means that U.S.…
Read more
The United Kingdom’s financial regulator, the Financial Conduct Authority, is looking to hire a specialist with a cryptocurrency background. The United Kingdom’s major financial regulator, the Financial Conduct Authority (FCA), is looking to hire a specialist with a cryptocurrency background. Specifically, the FCA is seeking an intelligence associate with crypto expertise to address digital assets…
Read more
The Ugandan government is reported to be making moves in banning pyramid schemes, which may put additional restriction for cryptocurrency usage and reporting. Ugandan legislators are exploring the role of cryptocurrencies in connection with pyramid scheme frauds that are often found in the country, local newspaper PML Daily reported on Feb. 4. While legislators are…
Read more
The MAS’ Payment Services Act has gone into effect, setting up a framework for cryptocurrency regulation in the country. As crypto continues its foray into the mainstream financial world, more countries are recognizing digital assets legally. Singapore is the latest to join the party. On Jan. 28, the Monetary Authority of Singapore’s (MAS) Payment Services…
Read more
