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Regulation News
IMF Managing Director Urges Creation of Advanced ‘Global CBDC Platform’ to…
In a bid to address the rising influence of cryptocurrencies, the International Monetary Fund (IMF) emphasizes the necessity of developing a global digital currency…
The conflict between crypto and governments is “just getting started”…
CEO of cryptocurrency exchange ShapeShift Erik Voorhees warns that the crypto sector must brace itself for rising government pressure as it escalates its challenge…
The Ripple Legal Team Responds to the SEC Letter
In response to the SEC's latest letter of additional authority in support of the SEC's move for summary judgment in the continuing action against the San Francisco…
The top U.S. Treasury official claims that crypto played no “direct role” in…
Treasury Undersecretary Nellie Liang informed members of the House of Representatives that the crypto industry was not a primary component in the failures of…
US Senator Ted Cruz reintroduces a measure to prohibit CBDC
Senator Ted Cruz, a Republican, has filed legislation to prevent the Federal Reserve from creating "direct-to-consumer" digital money.Cruz said in a March 21…
White House Issues Scathing Report on Cryptocurrency
Authored by the White House's Council of Economic Advisers, the report detailed a variety of problems within the digital asset ecosystem.In a recent study, the…
State authorities seize management of Signature Bank, while federal regulators insure…
Federal authorities said in a joint statement that both Silicon Valley Bank and Signature depositors may anticipate receiving their total deposits.In a separate…
Swift Announces Excellent Findings from CBDC Pilot Test
Swift has announced favorable findings from a pilot test of transfers across several central bank digital currencies (CBDCs), stating that it sees "obvious promise…
The Rejection of the CBDC by Nigerians Is a Cautionary Narrative for Other Nations
Despite government incentives, Nigerians criticize the country's digital currency and seek resumed access to paper currency.In Nigeria, residents have gone to…
Crypto attorneys criticize Gensler’s claims that all crypto are securities
In response to Gary Gensler's allegations about crypto regulation, crypto attorneys said that the SEC has no regulatory authority.In a recent interview,…