Government Policies and Cryptocurrency Adoption 47

The Battle for Financial Freedom: Decentralized Cryptocurrencies vs Central Bank Digital Currencies

Charles Hoskinson, the CEO of Input Output Global and creator of Cardano (ADA), has highlighted the growing conflict between decentralized cryptocurrencies and Central Bank Digital Currencies (CBDCs). In an interview, Hoskinson argues that the real battle is not between different cryptocurrencies, but between the decentralized world of crypto and CBDCs.Hoskinson raises concerns about the potential […]

Bitcoin Advocate Jimmy Song Discusses the Impact of COVID-19 on Bitcoin Adoption and the Rise of CBDCs

Jimmy Song, a prominent figure in the Bitcoin community, recently discussed various topics related to Bitcoin during the Bitcoin Conference 2023 in Amsterdam. He highlighted the skepticism surrounding government measures taken during the COVID-19 pandemic, such as the printing of fiat money, which has resulted in inflation. Song emphasized the importance of Bitcoin as an […]

European Union Adopts DAC8, Enabling Tax Monitoring of Cryptocurrency Transactions

The Council of the European Union has officially adopted the eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule. This regulation, which follows the enactment of the Markets in Crypto-Assets (MiCA) legislation, will come into force once it is published in the Official Journal of the EU. DAC8 aims to […]

EU Implements Directive to Enhance Collaboration on Crypto Tax Data Sharing

The European Union (EU) has implemented a new directive aimed at enhancing collaboration among member states regarding the sharing of tax data related to cryptocurrencies. This move is intended to strengthen the existing norms surrounding crypto taxation and improve cooperation between national tax authorities. The directive seeks to address the challenges posed by the decentralized […]

Bahamas Government Criticized for Lax Crypto Regulation as Premier Seeks Favor from FTX

The cozy relationship between the premier and officials in the Bahamas has come to light with the premier’s request to Bankman-Fried in September 2022. The Bahamas government has faced criticism for its lenient regulation of crypto companies, particularly in the case of FTX exchange. Despite operating without a license for over two years, FTX was […]

Interim Speaker McHenry’s Role in Limbo as House Struggles to Elect New Speaker

North Carolina Representative Patrick McHenry, a strong advocate for cryptocurrencies, is currently serving as the interim Speaker of the United States House of Representatives. This position was temporarily assigned to him after his Republican colleague, Kevin McCarthy, was ousted on October 4th. However, McHenry’s authority is limited to the Speaker vote and he cannot move […]

Cryptocurrency Creator Warns of Dangers of Central Bank Digital Currencies

Cardano creator Charles Hoskinson believes that the real battle in the digital asset space is between cryptocurrencies and central bank digital currencies (CBDCs). In an interview, he warns of the dangers of CBDCs and emphasizes the importance of decentralized crypto. Hoskinson argues that the game is not about Ethereum versus Cardano or other specific cryptocurrencies, […]

Australian Government Proposes Licensing Requirement for Crypto Exchanges

The Australian government is proposing a new regulation that would require cryptocurrency exchanges to obtain a license from the country’s financial services regulator in order to operate. Under the proposal, digital asset intermediaries would need to obtain an Australian financial services license from the Australian Securities and Investments Commission (ASIC) to issue and deal in […]

Fed Governor Michelle Bowman Expresses Skepticism of US CBDCs

Federal Reserve Governor Michelle Bowman expressed skepticism about the benefits of central bank digital currencies (CBDCs) during a roundtable discussion in Washington, D.C. She questioned whether a U.S. CBDC could solve financial problems more effectively or efficiently than existing solutions. Governor Bowman highlighted the importance of responsible innovation in money and payments, emphasizing the need […]

BRICS Economies Shift from US Dollar for Oil Trade, Saving Billions: Is Bitcoin Poised to Challenge the USD as Global Settlement and Reserve Currency?

BRICS countries, including China, India, Saudi Arabia, and the UAE, are shifting away from the US dollar in their oil trade dealings with Russia. By settling trade in their local currencies, such as the Chinese Yuan and the Indian Rupee, these nations have saved billions of dollars and raised concerns about the future of the […]