[ad_1] The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing titled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets.” The meeting began with a discussion of Hamas’s use of crypto for fundraising. However, the…
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[ad_1] During her opening speech at the Singapore FinTech Festival, International Monetary Fund (IMF) Managing Director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies (CBDCs) and related payment platforms in the future. Georgieva expressed her optimism toward the implementation of CBDCs around the globe, although making a reservation…
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[ad_1] The Democratic Party of Korea, which holds 167 out of 300 seats in the National Assembly, has made it mandatory for prospective candidates to disclose their digital asset holdings before the 2024 general election. According to the local outlet, News1, the disclosure will be a part of the party’s effort to show the “high…
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[ad_1] Cryptocurrencies are the second most popular type of investment asset among the adult French population, according to a survey by the Organisation for Economic Co-operation and Development (OECD) published by France’s principal financial regulator, the Financial Markets Authority (AMF), on Nov. 13. According to the survey, 9.4% of the French population holds crypto assets, which…
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[ad_1] The United States Securities and Exchange Commission (SEC) could approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications by Nov. 17. Beginning on Nov. 9, the SEC reportedly has a “window” to approve all 12 spot Bitcoin ETF filings, including Grayscale Investments conversion of its Grayscale Bitcoin Trust product. However, even if the…
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[ad_1] The National Stock Market Commission (CNMV), Spain’s principal financial regulator, called out the fraudulent crypto assets promos on X (formerly Twitter) and reiterated the obligation of companies to comply with local laws. On Nov. 8, in a speech at the Deloitte annual conference for the Spanish financial sector in Madrid, the CNMV head, Rodrigo Valbuena,…
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[ad_1] Australian authorities will oblige local companies to be fully transparent and report any ransomware cyberattacks on their businesses. The country’s economy lost $2.59 billion to cybercrimes in 2021. As reported by the Australian on Nov. 13, the national cybersecurity strategy, which will be revealed this week, will feature a mandatory system under which local…
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[ad_1] On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris. The Institute will support and conduct research related to blockchain technology and cryptocurrencies. Its scientific board includes 11 experts from major French educational institutions, such as the National…
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[ad_1] Just under 50 national governments have issued a joint pledge to “swiftly transpose” the Crypto-Asset Reporting Framework (CARF), the new international standard on automatic exchange of information between tax authorities, into their domestic law systems. The statement was published on Nov. 10. The Organisation for Economic Cooperation and Development (OECD) published the CARF in…
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[ad_1] The principal financial regulator in Spain, the National Securities Market Commission (CNMV), has opened the first case on violating crypto promotion rules in the country. As reported in the press release from Nov. 8, CNMV initiated “sanctioning proceedings” against Miolos S.L for two “massive” advertisement companies in September and November 2022. The Commission accuses…
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