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The United States Government Accountability Office (GAO), a Congressional watchdog agency, has released a report it completed in June on the regulatory framework for the use of blockchain in finance. The 77-page report was requested by Reps. Maxine Waters and Stephen Lynch before the midterm elections, when they were the chair
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South Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to trade in our own currencies.” He also believes that
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McCaul, a member of the ECB arm responsible for overseeing banks, said recent attempts to regulate such as the European Union’s Markets in Crypto Assets regulation (MiCA) wouldn’t fully address the problem of complex international structures, or “ecosystem” companies that claim to have no headquarters. Source
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Indian Finance Minister Nirmala Sitharaman has stressed the importance of international cooperation in order to regulate the crypto sector. She also confirmed that Indian regulators’ crypto awareness campaign will continue to alert people about the risks of investing in crypto. Indian Finance Minister on Crypto Regulation, Bill, and Awareness Campaign India’s finance
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A lawyer representing provisional liquidators overseeing FTX’s operations in the Bahamas has pushed back against allegations officials in the country were using the collapse of the crypto exchange to benefit its residents first.In a Dec. 16 hearing for FTX Trading’s bankruptcy proceedings, White & Case partner Jason Zakia said allegations
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What the new Baylor Bitcoin Study Really Says (And What it Really Doesn’t) About Satoshi and Co. Source
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In a bid to combat illegal activity and "regulatory arbitrage," a Swiss-based think tank has urged greater international cooperation on cryptocurrency regulation.On Monday, the Basel Institute of Governance and the International Academy of Financial Crime Litigators released a paper calling for further coordinated action against unlawful crypto-markets. Among the proposed
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“My guess is simple – it is difficult to write about fundraising for Ukraine in Weibo, given Chinese censorship and predominant pro-Russian narrative,” said Igor Denisov, senior research fellow at the Moscow State Institute of International Relations’ institute for international studies in an email to CoinDesk. (Sun’s Weibo posts on
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Indian Prime Minister Narendra Modi called for global cooperation to tackle the challenges posed by cryptocurrencies.Speaking virtually at the 2022 World Economic Forum's annual Davos conference, Modi said "Cryptocurrency is an example of the kind of challenges we are facing as a global family with a changing global order. To
Read MoreI am delighted to be part of this event. Data protection and international cooperation have been close to my heart for a very long time. That is also why I joined the ICO Board as a non-executive director, now almost three years ago – to increase international and regulatory experience at that
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