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Brazilian federal deputy proposes crypto payment option for workers

Federal Deputy Luizão Goulart, a Brazilian congressman, proposed a bill to legalize crypto payments as a mode of payment for public and private sector workers.Goulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies. However, the bill warrants

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Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister

While Russia continues to enforce a ban on cryptocurrency payments as part of a law which took effect in January, the country has no plans at this time to completely prohibit trading by its citizens.According to an Oct. 12 report from local news agency Interfax, Alexey Moiseev, the deputy finance

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Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes

The Bank of France’s Deputy Governor Denis Beau speaking at the Paris Blockchain Summit discussed the progress being made with the central bank digital currency (CBDC) and touched upon possible regulatory changes and the legal framework. During the Paris Blockchain Week Summit 2020, on Thursday, Beau said there has been a

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Gary Gensler May Receive Deputy Treasury Secretary Nod

President-elect Joe Biden may name former Commodity Futures Trading Commission Chair Gary Gensler to become Deputy Treasury Secretary, CNBC reported Wednesday.Gensler, who is currently heading up Biden’s financial oversight transition team, would report to former Federal Reserve Chair Janet Yellen, Biden’s reported nominee for the top spot at the Treasury

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Deputy Treasury Secretary Discusses US CBDC Plans

The U.S. Treasury Department is evaluating the merits of a government-sponsored digital currency, said one of its top officials Wednesday.Deputy Treasury Secretary Justin Muzinich, speaking to the Atlantic Council during a digital seminar on transatlantic economic relations, said the administration is studying a potential central bank digital currency (CBDC) tied

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