Politics

Sri Lanka Government Forms Panel to Study Digital Banking, Blockchain for Attracting Investment

Sri Lanka Government Forms Panel to Study Digital Banking, Blockchain for Attracting Investment

Sri Lanka’s Cabinet approved the formation of committee that will study the rules and regulations governing digital banking, blockchain, and crypto mining in other nations, as well as methods to prevent money laundering, terrorism financing and other criminal activities related to those technologies. The body will also study Know-Your-Customer processes. Read the complete article by Sebastian Sinclair @ Yahoo Finance
Read More
Hong Kong takes first steps on CBDC journey

Hong Kong takes first steps on CBDC journey

The Hong Kong Monetary Authority has taken the first steps on its exploration of a central bank digital currency with the release of a technical white paper on a possible 'e-HKD'.The paper studies the prospect of issuing retail CBDC in Hong Kong, covering both technical and policy considerations, and aims to come up with an initial view by the middle of next year. Click here to read the white paper This article continues @ https://www.finextra.com/ Image by Here and now, unfortunately, ends my journey on Pixabay from Pixabay
Read More
Washington takes aim at the booming crypto industry

Washington takes aim at the booming crypto industry

WASHINGTON – When Federal Reserve Chair Jerome Powell said last week that he is not looking to ban cryptocurrencies, a wave of relief washed over its investors. The price of bitcoin, the largest of the digital currencies, surged more than 10% to its highest level in nearly two weeks. But behind the scenes, there’s a gathering fear: After allowing the sector to grow from an obscure project to a $2 trillion behemoth in little more than a decade, Washington regulators are now preparing to unleash a torrent of rules aimed at bringing crypto to heel. Read this article in full…
Read More
The SEC chairman Support for Futures -Based Bitcoin ETFs

The SEC chairman Support for Futures -Based Bitcoin ETFs

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated his support Wednesday for a narrow class of bitcoin exchange-traded funds (ETFs) that would invest in futures contracts instead of the crypto itself. Gensler singled out bitcoin ETFs, which invest in futures contracts that trade on the Chicago Mercantile Exchange and register under the Investments Company Act of 1940. The so-called ‘40 Act “provides significant investor protections,” he said in prepared remarks for a Financial Times conference: “I look forward to staff’s review of such filings.” Read the full article at Coindesk
Read More
Chile cenbank to decide on roll-out of digital currency in 2022 | Reuters

Chile cenbank to decide on roll-out of digital currency in 2022 | Reuters

SANTIAGO, Sept 27 (Reuters) - Chile's central bank will decide in early 2022 on a strategy for the potential roll-out of its own digital currency, the bank's president said on Monday, as policymakers worldwide seek to keep pace with fast-spreading cryptocurrencies. https://www.reuters.com/business/finance/chile-cenbank-decide-roll-out-digital-currency-2022-2021-09-27/
Read More

U.S. Congress to Vote on Controversial Infrastructure Bill This Week

The United States House of Representatives Speaker, Nancy Pelosi, has confirmed that there will be discussions this week before a final vote on the controversial infrastructure bill. The $1 trillion bipartisan infrastructure bill will be put to the vote on Sept. 30, and the House Speaker is confident it will pass. https://cryptopotato.com/u-s-congress-to-vote-on-controversial-infrastructure-bill-this-week/
Read More
Cardano’s Charles Hoskinson heads to Washington DC to sort out Infrastructure Bill

Cardano’s Charles Hoskinson heads to Washington DC to sort out Infrastructure Bill

The Cardano founder, Charles Hoskinson, will be speaking live from warm sunny Washington DC to enlighten legislators and officials on the impact of the Infrastructure Bill on the blockchain industry. Previously, Hoskinson said the Infrastructure Bill would be terrible for crypto. He urged the community, regardless of their tribalistic tendencies, to unite and take affirmative action in voicing concerns to their political representatives. This article by SAMUEL WAN continues @ cryptoslate.com
Read More
UAE Financial Regulators Approve Crypto Trading in Dubai Free Zone

UAE Financial Regulators Approve Crypto Trading in Dubai Free Zone

Financial regulators in the United Arab Emirates will officially start permitting crypto trading in an economic-free zone in Dubai. This new development sprang up after the Dubai World Trade Center Authority (DWTCA) reached an agreement with the UAE’s Securities and Commodities Authority (SCA). The DWTCA made the announcement on Wednesday to support crypto regulation and trading within the DWTCA free zone. This article by Tolu Ajiboye continues @ kryptomoney.com Image by Elena Jones from Pixabay
Read More