US banking advocacy group supports Sen. Warren’s reintroduced crypto bill
According to the Bank Policy Institute, including digital assets in the Anti-Money Laundering framework is essential for safeguarding the United States financial system.
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According to the Bank Policy Institute, including digital assets in the Anti-Money Laundering framework is essential for safeguarding the United States financial system.
Governor Ron DeSantis of the U.S. state of Florida has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state. “The Biden administration’s efforts to inject a centralized bank digital currency is about surveillance and control,” the governor warned. Governor Ron DeSantis Proposes Law to Prevent Financial ‘Weaponization’ [...]
The post FL Gov. DeSantis Proposes Ban on Central Bank Digital Currency Use as Money appeared first on Crypto Breaking News.
Armstrong said that because centralized exchanges and custodians have the most risk of causing consumer harm, regulators must focus there first and foremost.
Goldman Sachs Senior Chairman and former CEO Lloyd Blankfein has warned that companies and consumers should prepare for a recession in the U.S. He stressed that it’s a “very, very, high risk.” Goldman’s Blankfein Warns About a Recession Lloyd Blankfein, a former Goldman Sachs CEO who is now the firm’s senior chairman, warned about an […]
Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking, and insurance watchdogs said in a joint statement (pdf).
The post EU regulators: Be ready to lose all your money in crypto appeared first on CryptoSlate.
Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week while indicating that it’s still early for a pause. ECB Registers Heightened Consumer Expectations About Inflation [...]
The post Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says appeared first on Crypto Breaking News.
BEUC, the European Consumer Organization, has urged Brussels to clamp down on the promotion of crypto assets on social media. The umbrella group calls for implementing stricter advertising rules on major platforms like Twitter and Tiktok as well as preventing influencers from misleading investors. BEUC Complains About Promotion of Risky Crypto to European Consumers on
The post European Consumer Organization Calls for Curbing Crypto Promotion on Twitter, Tiktok appeared first on BTC Ethereum Crypto Currency Blog.
Businesses marketing crypto assets to U.K. consumers will have to abide by stricter advertising rules presented by the country’s financial watchdog. These include prohibiting ‘refer a friend’ bonuses for the industry as well as introducing a cooling-off period for first time investors. Regulator Clamps Down on Crypto Ads, Wants to Make Risks Clearer to British [...]
The post UK Bans ‘Refer a Friend’ Bonuses With Tougher Crypto Marketing Rules appeared first on Crypto Breaking News.
Saudi Arabia announced it will continue limiting oil production through September, extending output reductions that have drawn criticism from Washington. Riyadh Holds Firm on Oil Output Limits Saudi Arabia said Thursday it will keep oil production nearly one million barrels per day below its quota for another month, according to a statement from the Saudi [...]
The post Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials appeared first on Crypto Breaking News.
Despite a surge in Ether gas prices in May, NFT marketplaces only accounted for 3% of the entire Ethereum gas consumption.
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and [...]
The post Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now appeared first on Crypto Breaking News.
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