Government

Bill Hinman, who spearheaded the SEC’s early crypto policies, is leaving the commission

On Wednesday, the Securities and Exchange Commission (SEC) announced the departure of William Hinman by the end of this year.  Hinman joined the commission in 2017 and is currently the director of the SEC’s Division of Corporate Finance. He also spearheaded the SEC’s early work with digital assets, in which role he has made critical …

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Russia doesn’t need to be first with a digital currency, says state expert

A Russian official argued that the country should have launched research on a central bank digital currency four years ago in order to claim leadership in the field. However, according to Dmitry Peskov, a special representative of the President of the Russian Federation on digital and technological development, the first-mover advantage also brings a number of …

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South Korean telecom launches blockchain wallet for official documents

The South Korean telecom giant SK Telecom has announced it will issue its first digital wallet for blockchain-powered digital certificate storage and management with the approval of the Ministry of Public Administration and Security. According to NewsTomato, SK’s Wallet is compatible with the ministry’s own Government24 digital certificate initiative, which promotes the use of electronic …

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Brazil is prepping an IPO for its state-run digital bank

Brazil’s Minister of Economy, Paulo Guedes, said during an online event this Tuesday that Brazil “is about to” join the Organization for Economic Cooperation and Development (OECD) and that the Brazilian government has plans to launch a public offering of shares (IPO) for the newly-created digital bank of Caixa Econômica Federal. Caixa Econômica Federal created …

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Pomp says US digital dollar needs to happen now

Recent comments from Jerome Powell, the chairman of the U.S. Federal Reserve, show the American government is not especially concerned with speed when it comes to developing a central bank digital currency, or CBDC. In contrast, Morgan Creek Digital co-founder Anthony Pompliano argues that time is of the essence.   “They’re talking about like, maybe we’ll build …

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Swiss gov’t starts consultation process for blockchain laws

Switzerland’s Federal Department of Finance has initiated a consultation process for a blanket ordinance in the blockchain and distributed ledger technology space.  The consultation will happen among cantons, parties and other interested groups in this space. It is scheduled to continue for more than three months, ending on Feb. 2, 2021. This is a part …

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China’s revamped law bans online services that ‘induce addiction’ in kids

Long Wei/VCG via Getty Images China is implementing stricture measures in its bid to keep kids away from addictive digital content. The state-backed news agency Xinhua reported (via Reuters) that China has voted for revamped law that will ban internet products and services which “induce addiction” in kids. Game creators, livestream services and social networks …

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UK closes loophole that allowed using your phone while driving

monkeybusinessimages via Getty Images The UK is about to make it clear that you shouldn’t grab your phone while you’re driving — regardless of what you intend to do. The government is closing a legal loophole (via BBC) that allowed people to pick up their phones while driving as long as they weren’t calling or …

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Cryptocurrency Is Just a Minor Threat to the State

Are cryptocurrencies a new form of money and, if so, do they threaten state power? Our friend Nic Carter has recently commented on these questions in dialogue with the Federal Reserve Bank of New York. We would like to add our perspective and thoughts on this, as we believe there is value to be derived from discussing these matters …

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Bitcoin genesis block is the ‘New Testament’ of finance

Bitcoin genesis block is the ‘New Testament’ of finance 9 minutes ago No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency. 49 Total views 1 Total shares Listen to article Opinion “Fiat lux”, said God, having created heaven and earth, which was filled with darkness. …

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