Government Cryptocurrency

USA accuses Venezuelan President Nicolas Maduro of using cryptocurrency for Narco-Terrorism

US Attorney General William Barr announced a series of direct charges against President Nicolas Maduro and the main leaders of the Venezuelan regime, such as Padrino Lopez, Diosdado Cabello, Tareck El Aissami, among others offering a series of rewards...

Liberal Democratic Party of Japan urges government to consider issuing CBDC.

According to local news reports, policymakers for Japan's ruling Liberal Democratic Party put forward a proposal asking the government to prepare to issue a centralized digital currency. According to the report, lawmakers will be handing the proposal over to...

China is closing in on launching its national digital currency despite the coronavirus pandemic.

Despite the delay, the People's Bank of China (PBoC) is closer to launching its official digital currency than people might expect. China is on the way to becoming the first major country to launch its national digital currency. Several...

The central bank of Sweden bids to host BIS hub for cryptocurrency research

The central bank of Sweden has made claims that its digital currency researchers are best in the central banking world. Bank for International Settlements (BIS) Innovation Hub would also research the issuance of central bank-backed digital currencies. Riksbank is...

CBDC could raise challenges for maintaining financial stability, says BoE governor Mark Carney

Mark Carney, whose tenure as the governor of the Bank of England ends next week, said that the bank must tread carefully to avoid stability dangers if it creates a digital equivalent to its existing banknotes. Andrew Bailey will...

US Congressman presents a bill to regulate different cryptocurrencies.

Representative Paul Anthony Gosar, on 9th March, introduced the Cryptocurrency Act of 2020 that aims to bring clarity and legitimacy to the crypto industry. Currently, there is no regulatory framework for the crypto industry in the USA. The bill...

Next Governor of Bank of England warns against investing in bitcoin

The next governor of Bank of England, Andrew Bailey, warned people against investing in bitcoin and other crypto assets. He said that if you want to invest in bitcoin, then be prepared to lose all your money. Andrew Bailey will assume...

The US Department of Treasury discusses crypto regulations with the industry leaders

The US Treasury Secretary, Steven T. Mnuchin, had earlier revealed the US FinCEN is planning to roll out new crypto regulations to curb down the use of crypto in money laundering and terror financing. On 2nd March, the US...

Iranian General calls for the use of cryptocurrency to avoid sanctions

Iranian General Saeed Muhammad has called for the use of cryptocurrencies in the country to get around the sanctions put on by the United Nations and the USA. Saeed is the commander of the Islamic Revolutionary Guard Corps, which...

US congress to host a hearing on crypto in March

The US House Committee on Financial Services Subcommittee on National Security, International Development, and Monetary Policy is set to host a hearing on cryptocurrencies later next month. The US Congress have previously hosted similar discussions about Facebook's Libra and...

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Rising Coronavirus cases sends the Dow Jones and S&P 500 spiraling down

The rising number of Coronavirus cases among various states in the US is pretty scary. Data from the World...