Why Wyoming’s Governor Supports the State’s Crypto Banking Law
Keeping Wyoming's lead in crypto banking is a priority of the state's top elected official, Gov. Mark Gordon.
Keeping Wyoming's lead in crypto banking is a priority of the state's top elected official, Gov. Mark Gordon.
PayPal opening its network to cryptocurrencies could create a serious tax headache for users.
A retail CBDC or an indirect one? Synthetic? An API approach? How central banks implement digital currencies will have seismic implications.
BIS is planning a proof-of-concept trial of a CBDC in collaboration with the Swiss central bank.
The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form.
The U.S. government is pursuing a civil forfeiture claim on the more than 300,000 units of the tether (USDT) cryptocurrency said to have been stolen earlier this year.
The motion, filed by Brian Klein, claims the indictment of Griffith doesn't "specify any alleged overt facts," and contains no actual allegation of fact.
Adoption by criminal enterprises is evidence of the product/market fit for censorship-resistant tech and an indicator of whether innovation will see usage in the non-criminal world.
The Fed and the Financial Crimes Enforcement Network want to lower the threshold for reporting financial transactions and make sure crypto is included.
The company had failed to file any reports with the commission since Dec. 31, 2019.
NYDFS proposals following the Twitter hack are a warning to everyone using centrally controlled "designated" platforms.
Laws like the Bank Secrecy Act, which turns 50 this week, have helped stop money laundering and terrorism. But KYC and AML requirements have served to harm the world's neediest through higher costs and reduced services.
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.
The Bank of Russia might launch its own CBDC, a digital ruble, after piloting the project at the end of next year, its chairwoman said.
Chinese authorities have arrested 77 individuals and shuttered gambling sites using the dollar-pegged tether (USDT) cryptocurrency.
The U.S. Department of Justice's enforcement framework may pose a serious threat to the digital privacy rights of crypto users.
With a strong correlation between stocks and the bitcoin price in recent months, analysts say a stimulus package could boost BTC as well.
The New York Department of Financial Services license allows PayPal to offer cryptocurrency buying and selling through a partnership with Paxos.
The U.S. Treasury Department has outlawed certain ransomware payments. If it was serious, it would go further, says our columnist.
House Speaker Nancy Pelosi said she is “optimistic” after the Trump administration made concessions on coronavirus testing and tracing ahead of a Tuesday evening deadline.
The Federal Reserve's “wait and see” approach to digital currency could deprive the U.S. of important fiscal and monetary tools as its rivals move ahead.
Central bank digital currencies can help create a more inclusive financial system, says the innovation chief at the Bank for International Settlements.
"The Speaker continues to hope that, by the end of the day Tuesday, we will have clarity on whether we will be able to pass a bill before the election," her spokeswoman tweeted.
CBDCs continue to draw attention from central bankers, but panelists at an IMF event – including the Federal Reserve – do not expect to see their nations launch one soon.
Countries might benefit from issuing central bank digital currencies, but they’re not a panacea for every ailment, a new IMF report says.
Russia's central bank says a digital ruble could make Russia less dependent on the U.S. dollar and more resistant to foreign sanctions.
A Puerto Rico-based bank founded by long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion.
Some of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has made it impossible for the miners to start operations.
The House Speaker said if a deal isn't reached by Tuesday evening, a package won't be likely before Nov. 3.
The move comes as the central bank continues to research how a central bank digital currency would work as well as the possible risks.