China’s Xi Asks G20 Countries to Be ‘Open and Accommodating’ to CBDCs
In a wide-ranging speech, Xi said that the G20 group “needs to discuss developing standards and principles for central bank digital currencies.”
Tag: Policy & regulation
Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal
If implemented the declaration would require crypto firms in South Africa to register as a financial services provider.
Central Bankers, Experts Outline Possible Scenarios for CBDC Adoption
Central bank digital currencies can have broad implications for the global balance of power, experts say.
US Government Enlists USDC for ‘Global Foreign Policy Objective’ in Venezuela: Circle CEO
The U.S. government is sending USDC payments to Venezuela using Circle and Airtm to bypass Nicolas Maduro, the nation’s dictator.
Bitcoin Is the Biggest Big Short
Short-sellers help identify weaknesses in capital markets. Bitcoin helps us see what’s wrong with the financial system.
Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
Texas Financial Regulators Crack Down on 15 Alleged Crypto Scams
Many of the alleged crypto scams had a common tactic: savvy social media posts to draw victims in.
US Is Debating Risk vs. Liability for New Crypto Tax Rules
U.S. Treasury department officials are wrangling with how to focus a coming set of crypto tax rules.
Crypto-Friendly Brooks Gets Nod to Serve 5-Year Term Leading Bank Regulator
Outgoing U.S. President Donald Trump has nominated Acting Comptroller Brian Brooks to take on a more permanent role leading the bank regulator.
Why FinCEN Wants Details on All Cross-Border Transactions Over $250
At an event Monday, FinCEN staffers discussed the “why” of a new proposal that has crypto fans concerned.
