Government

Join BlockShow, part of the FinTech Festival backed by Monetary Authority of Singapore

BlockShow has unveiled the speakers for the upcoming cryptocurrency-related event taking place in Singapore in December. As previously announced, the Singapore FinTech Festival, or SFF 2020, is organized in partnership with the Monetary Authority of Singapore, the country’s major financial regulator and de facto central bank. The hybrid online and physical event will run from Dec. …

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Rapper T.I.’s associates to cough up $100K in FLiK token case with SEC

Three associates of Clifford Joseph Harris Jr., a rapper also known as T.I. who was responsible for helping launch the FLiK token, have agreed to pay more than $100,000 after a U.S. district court approving a settlement. According to records filed Nov. 17 in the U.S. District Court for the Northern District of Georgia, Chance …

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SEC leader touts record on digital assets on his way out the door

Bill Hinman, outgoing director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission chose to focus one of his last speeches on the commission’s achievements in regulating crypto during his tenure. In remarks published on the Securities and Exchange Commission, or SEC, website on Nov. 18, Hinman cited the SEC’s record …

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Turkey orders Google to change its online ad strategy

Nicolas Economou/NurPhoto via Getty Images Google is facing yet another fine for allegedly abusing its search ad clout, although the financial punishment this time is less serious than its implications. Arab News reports that Turkey’s Competition Board has given Google six months to change its ad strategy after determining that the company abused its internet …

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The US SEC amendments and SAFT process

Earlier this year, the United States Securities and Exchange Commission — in both the SEC versus Telegram and SEC versus Kik cases — vigorously argued that sales of contractual rights to acquire tokens on a when-issued basis (widely referred to as Simple Agreements for Future Tokens, or SAFTs) should be integrated with later sales of …

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Central bank digital currencies are dead in the water

Mark my words: Governments and central banks will never care about your wealth and your privacy as much as you do. That reality is exactly why central bank digital currencies are dead in the water already. They say if you can’t beat them, join them. That’s exactly what CBDCs are attempting to do. They want …

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Incoming Senator hopes to ‘bring Bitcoin into the national conversation’

In an interview with the ABC News program GMA3: What You Need To Know on Friday, senator-elect Cynthia Lummis again voiced her support for the popularization of Bitcoin, going so far as to say that she does “hope to bring Bitcoin into the national conversation.”  In a clip that has been widely circulating on Twitter, …

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China’s BSN predicted as long-term global project, still ahead of others

First announced in October 2019, China’s Blockchain Service Network, also known as BSN, is aimed at providing a global public infrastructure designed to support both private and public blockchain networks across interconnected cities.  According to the BSN introductory white paper, the project serves as an “information infrastructure” designed to advance the development of smart cities …

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Before Congress, federal regulators dispute US pace on national digital currency

Amid a global race toward central bank digital currencies, or CBDCs, the United States needs to focus on the private sector, says Acting Comptroller of the Currency Brian Brooks.  “We have built private stablecoins in this country that already have a market cap in the tens of billions of dollars,” Brooks said in a U.S. …

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Company made to change name that could be used for website hacks

photovibes via Getty Images Companies have jokingly given themselves code-based names in the past (you can thank XKCD for that), but one of them was just forced to mend its ways. The Guardian reports that UK business registrar Companies House has forced a software consultant to change his company name after discovering that it could …

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