Cryptocurrency Analysis and News Portal
Gov. Hochul has received a $40,000 donation from Ashton Soniat, the chairman and CEO of Coinmint, as well as $78,000 from Albany lobbying firm Ostroff Associates, which includes Blockfusion in its list of clients, The New York Times reported. The governor raised $10 million from mid-January to May, according to
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Japan is moving forward with legislation regarding the issuance of stablecoins i.e. digital assets with their value pegged to fiat currencies or stabilized by an algorithm. On June 3, Japan’s parliament passed a bill to ban stablecoin issuance by non-banking institutions, local news agency Nikkei reported. The bill reportedly stipulates that the
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The head of Binance Labs, the venture capital arm of cryptocurrency exchange Binance, is about to leave the firm, according to a report. Source
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Japan emerges as a precedent-setting nation by passing stablecoin regulation in the wake of the TerraUSD collapse. Source
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A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working on in
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Lawmakers in the United States are moving to protect the country from the potential undesirable impacts of the global adoption of China’s national digital currency.Three Republican senators, Tom Cotton, Mike Braun and Marco Rubio, introduced a bill on May 25, aiming to limit the use of China’s central bank digital currency (CBDC)
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Cryptocurrency regulation in Paraguay is progressing steadily, as a crypto bill introduced in December has been approved by the Chamber of Representatives in the country. The bill, which contains definitions and rules for cryptocurrency mining, one of the hot topics in Paraguay due to the cheap electricity costs, will be
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Bill Miller the billionaire founder and Chief Investment Officer of investment firm Miller Value Partners, has said he considers Bitcoin (BTC) an “insurance policy against financial catastrophe.”Appearing on an episode of the “Richer, Wiser, Happier” podcast on May 24 Miller backed the cryptocurrency as a means for those caught in
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The country’s Senate in December had already passed similar legislation, and the bill will now return to that body with the Chamber of Deputies’ modifications. Once the Senate approves the changes, the pending law would move to the executive branch, which hasn’t yet signaled whether it will sign or veto. Original
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“We are truly committed to creating the type of baseline and framework legislation that will allow this industry to grow, allow it to flourish,” said Gillibrand, a New York Democrat. “The best thing we can do for all these businesses is to bring clarity.” Source
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