Bank of Israel claims ‘public support’ for its CBDC project
Stakeholders believe that the digital shekel would boost competition, but remain divided on the matter of privacy. Go to Source Powered by WPeMatico
Regulation
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Putin Obliges Election Candidates to Report Crypto Holdings Outside Russia
President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that candidates should report to the state. President Putin Requires Russian Officials to Reveal Crypto Asset Purchases in Foreign Countries Candidates for government offices in Russia … Read more
UK Outlines Plans to Support Crypto Adoption, Create More Powers to Seize and Recover Digital Assets
Delivering the Queen’s Speech, Prince Charles outlines the British government’s plans to support the safe adoption of cryptocurrencies and create “powers to more quickly and easily seize and recover crypto assets.” UK Government Plans to Support Crypto Adoption The U.K. government outlined its legislative agenda for the next parliamentary year in the Queen’s Speech delivered … Read more
US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability. Treasury Secretary Janet Yellen brought up the terrausd (UST) fiasco as an example of why a comprehensive regulatory framework is urgently … Read more
Environmental groups urge US government to take action on crypto miners
Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits. Go to Source Powered by WPeMatico
US Treasury Secretary reaffirms need for stablecoin regulation following UST crash
Janet Yellen said it would be “highly appropriate” to aim for “a consistent federal framework” on stablecoins by the end of 2022 in the U.S. given the growth of the market. Go to Source Powered by WPeMatico
UK government targets crypto in latest legislative agenda
The Queen’s Speech for the State Opening of Parliament included bills supporting “the safe adoption of cryptocurrencies” as well as authority to “seize and recover crypto assets.” Go to Source Powered by WPeMatico
IMF recommends the Bahamas ‘accelerate its education campaigns’ on CBDC
In addition to recommending the financial education of the public in the Bahamas, the IMF hinted at the importance of a “robust supervisory and regulatory framework” for digital assets. Go to Source Powered by WPeMatico
Law Decoded: Crypto retirement plans get hot with Warren and Lummis making their moves, May 2–9, 2022
Last week was marked by reinvigorated discussion on crypto 401(k) among high-profile US policymakers. Go to Source Powered by WPeMatico
SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder
The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice Department. SEC Halts $62M Global Cryptocurrency Fraud … Read more
