opposition – DIGIT INFO

Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate

DIGIT — Thu, 04 May 2023 16:50:00 +0000

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 […]

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‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network

DIGIT — Sun, 09 Apr 2023 14:35:03 +0000

The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including […]

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US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’

DIGIT — Wed, 22 Mar 2023 20:50:00 +0000

According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make preparations to join the central bank’s new payment service. Economist Richard Werner, […]

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DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case

DIGIT — Fri, 03 Feb 2023 21:20:02 +0000

Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the motion would duplicate the efforts of the federally appointed independent examiner. U.S. Trustee Argues for […]

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Former FTX CEO Sam Bankman-Fried Pleads Not Guilty to Criminal Charges, Bond Signees’ Names Remain Sealed

DIGIT — Wed, 04 Jan 2023 15:30:51 +0000

On Jan. 3, 2023, the former FTX CEO Sam Bankman-Fried (SBF) pleaded not guilty to eight criminal charges that involve two counts of wire fraud and six counts of conspiracy. In addition to the not guilty plea, SBF’s judge Lewis Kaplan granted the defendant’s request to keep the names of his $250 million bond signees […]

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Report Says Binance Shared Client Data With Russia, Crypto Exchange Denies Allegations

DIGIT — Sat, 23 Apr 2022 21:30:21 +0000

Cryptocurrency exchange Binance has been accused in a media report of agreeing to provide user data to Russia’s financial watchdog. The trading platform has refuted the allegations. It also insists it’s complying with Western sanctions imposed over Moscow’s invasion of neighboring Ukraine. Binance Consented to Russian Request for Customer Info, Reuters Claims in ‘Special Report’ […]

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Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions

DIGIT — Thu, 20 Jan 2022 10:00:21 +0000

The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential Candidate Looks to Attract Young Voters With Crypto Tax Cuts Yoon […]

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Kik and SEC Oppose Each Other’s Motions for Summary Judgment

DIGIT — Sun, 26 Apr 2020 16:30:00 +0000

Kik’s general counsel told Cointelegraph that the SEC’s case relies on its “poorly reasoned” suit against Telegram

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Russian Opposition Leader Navalny Raises $700,000 in Crypto Donations

DIGIT — Thu, 19 Dec 2019 19:40:10 +0000

Alexei Navalny, Russia’s leading critic of the current Kremlin administration, has attracted a serious amount of cryptocurrency in the form of anonymous donations for his corruption-combatting NGO. The digital coins collected since the beginning of this year have amounted to well over $700,000 at current prices. Also read: Russian Tax Authority Registers Crypto as Part […]

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Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation

DIGIT — Fri, 14 Jun 2019 09:58:15 +0000

Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has succumbed to the illness of all previous emissions – rapid depreciation. The government […]

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