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A new U.S. Congressional bill would require stablecoin issuers to secure bank charters and secure regulatory approval prior to circulating any stablecoins.U.S. Representatives Rashida Tlaib (D-Mich.), Jesús “Chuy” García (D-Ill.) and Stephen Lynch (D-Mass.) introduced the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act on Wednesday, writing in a press
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The deputy governor of the Norway’s central bank said there’s no urgent need for the nation to launch a digital krone in a speech at the country’s Finance Payments Conference on Thursday. Outlining the Norges Bank’s current assessment of a central bank digital currency (CBDC) for real-time payments, Ida Wolden
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The Ministry of Financial Services of the Cayman Islands Government announced that it has commenced a regulatory framework for virtual asset service providers, or VASPs.In an Oct. 31 press release, the ministry claimed that the move had strengthened the country’s “ability to regulate and attract persons and entities that deal
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The South African Reserve Bank (SARB) — the country’s central bank — is purportedly going to impose new regulations for the use of digital currencies in a bid to deter users from evading currency controls.As local business-focused publication Business Report reported on Dec. 2, SARB’s deputy governor, Kuben Naidoo,
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I'm thrilled to share that I'm the new executive editor of CryptoX. I wanted to take this opportunity to introduce myself to our readers.This is a return to blockchain journalism for me. I first bought Bitcoin in 2011, when I was curious about this new technology. I had been
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A blockchain-based identification system is due to be launched in the U.S. markets, whose primary job will be to allow the drivers to pay their parking fees or highway tolls through a digital currency.The project has been undertaken by Mobility Open Blockchain Initiative (MOBI), an international consortium of prominent companies
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On Aug. 28, the Ministry of Economy of Kyrgyzstan has submitted the draft law “On Amending the Tax Code” with the aim of introducing cryptocurrency mining taxation.New tax proposalAccording to news outlet Kabar, the draft law was specifically developed to allow for the possible taxation of crypto mining.The taxation
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