U.S. Treasury Secretary Janet Yellen said on Thursday crypto asset regulations should support responsible innovation while managing risks, sticking to the contours of a recent White House executive order that was well-received by the crypto market. In a speech on digital assets policy released by the Treasury, Yellen said that in many cases regulators already […]
Cryptocurrency
Britain set out a detailed plan on Monday to exploit the potential of crypto assets and their underlying blockchain technology to help consumers make payments more efficiently. As part of creating a global crypto asset hub, financial services minister John Glen said Britain will legislate to bring some stablecoins under the regulatory net such as […]
A group of Taiwanese puppeteers are looking to use non-fungible tokens, or NFTs, to help bring their traditional art form into the modern era and keep it relevant for a new audience. NFTs are crypto assets representing a digital item such as an image, video, or even land in virtual worlds, with prices of some […]
The banking system has long been a catalyst for economic growth, especially in the second half of the 20th and beginning of the 21st century. Nothing helps grow a country’s economy like giving an aspiring skilled citizen a loan to start a business, make their own money, and create jobs for others. Many crypto lending […]
Japan will revise its foreign exchange law to prevent Russia from evading Western financial sanctions following Moscow’s invasion of Ukraine through cryptocurrency assets, top government officials said on Monday. The government will submit a revision of the Foreign Exchange and Foreign Trade Act to the current parliament session to strengthen protections against potential sanction-busting by […]
Ukraine started auctioning off a collection of non-fungible tokens (NFTs) on Friday in an expansion of a cryptocurrency fundraising push that Kyiv says has already collected more than $65 million for its war effort. The ‘Meta History: Museum of War’ collection is a series of digital images – including silhouettes of warplanes, screengrabs of news […]
The crypto industry is still young and evolving, only recently erupting into mainstream view. People are eager to learn how to make money with cryptocurrency as soon as possible. While many are still suspicious of the whole crypto sphere in general, more people are seeing the potential wealth they could amass if they do their […]
In the past year, centralized and decentralized currencies alike witnessed extensive market growth, and their popularity among the public has grown along the way. On March 9, 2022, U.S. President Joe Biden issued an executive order on cryptocurrencies, sketching an inclusive governmental approach to deal with probable risks related to the significant evolution in digital assets, emphasizing cryptocurrencies. […]
Cryptocurrency evangelists are on the defensive amid warnings from U.S. and European lawmakers that digital asset companies are not up to the task of complying with Western sanctions imposed on Russia following the country’s invasion of Ukraine. The criticism has seen the crypto industry scrambling to regain control of the narrative, with many executives frustrated […]
The U.S. Treasury Department is launching an initiative to raise awareness about the risks of investing in cryptocurrencies as the digital asset moves from the fringes of the financial system to the mainstream, a top official said. The Treasury’s Financial Literacy Education Commission will create educational materials and organize outreach to inform the public about […]