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A retired artist recently fell victim to a fraudulent scheme, losing a staggering $2 million in cryptocurrency to an impersonator posing as Coinbase. This unfortunate incident serves as a sobering reminder of the risks involved in the world of digital assets. The artist, who wishes to remain anonymous, received an email that appeared to be [...]
Recently, Representative Sean Casten expressed concerns about the potential national security risks posed by overly friendly regulations towards cryptocurrencies. He highlighted the importance of balancing innovation and security in the rapidly evolving digital asset landscape. Casten emphasized the need for robust regulatory frameworks that can address the unique challenges presented by cryptocurrencies, such as money [...]
The post How Crypto-Friendly Policies Could Jeopardize National Security: Insights from Representative Sean Casten appeared first on Crypto Breaking News.
Cardano’s regulatory struggles might end following US lawmakers' vote in favor of these pro-crypto bills.
A U.S. lawmaker has introduced the Blockchain Regulatory Certainty Act to ensure that developers and non-custodial service providers in the crypto space are not considered money transmitters and are not subject to the same level of regulation as custodial cryptocurrency exchanges. “The longer we delay providing this commonsense clarification, the greater risk that this transformative [...]
The post US Lawmaker Introduces Bill to Affirm Blockchain Developers and Non-Custodial Services Are Not Money Transmitters appeared first on Crypto Breaking News.
The slated law comes as Nigeria's eNaira has only managed to obtain a 0.5% adoption rate, a little more than a year after its launch in October 2021.
Salcedo gave a possible economic solution which can be a mix of policy and program intervention. He suggested that the government needs to encourage the “Big 4” in service Dollar earners.
The post Salceda Sees Peso Could Depreciate to 68 Pesos to One Dollar appeared first on BitPinas.
The bill lays out a series of steps before approving the issuance and circulation of Terra-like stablecoins.
The proposed legislation seeks to reduce friction in the usage of bitcoin as a daily currency.
A member of the US House of Representatives is speaking up loudly against the US’s proposal to introduce central bank digital currencies. Covered: December Inflation Report Tom Emmer Fights Against CBDCs #Bitcoin pic.twitter.com/o3imH7WdSk — naiive (@naiiveclub) January 12, 2022 RECOMMENDED: GRAYSCALE FLIPS WORLD’S LARGEST GOLD FUND — HAS BITCOIN BECOME THE SUPERIOR INFLATION HEDGE? December […]
The post US Represenative Tom Emmer Introduces Bill To Shut Down CBDCs appeared first on CryptosRus.
The US House of Representatives Committee on Financial Services will conduct a hearing on stablecoin regulation on April 19th, following the introduction of a draft bill on stablecoin regulation. The hearing will include testimonies from experts, including Austin Campbell, a managing partner at Zero Knowledge Consulting and adjunct professor at Columbia Business School, who believes stablecoins will expand the reach of the US dollar and increase financial inclusion. (Read More)
On Thursday, the Texas House Representatives passed a bill requiring crypto exchanges to provide proof of reserves. A Republican state
There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default [...]
The post ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations appeared first on Crypto Breaking News.
Weigh in on what is the better policy for foreign crypto exchanges; ban them or tax them instead?
On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital [...]
The post Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard appeared first on Crypto Breaking News.
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central bank, a federal agency, or a foreign government issue a CBDC, its [...]
The post Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate appeared first on Crypto Breaking News.
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