Cryptocurrency Analysis and News Portal
Cryptocurrency lender Nexo has acquired a minority stake in Summit National Bank, a financial institution regulated by the Office of the Comptroller of the Currency (OCC). Original Source
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"Given the increasing prevalence of digital assets, the Department of Defense and other federal agencies need to have better tools to understand how digital assets operate and how to leverage their jurisdictional authority over digital asset markets globally," Adam Zarazinski, CEO of Inca, said. Original Source
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Non-crypto alternative payment systems pose a serious threat to United States security, according to testimony presented at a U.S. House Financial Services Committee Subcommittee on National Security, International Development, and Monetary Policy hearing Tuesday. The alternative payments ecosystem should be seen as a whole, and crypto can enhance national security,
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The United States Treasury Department released three publications related to digital assets Friday, in response to U.S. President Joe Biden’s Executive rder “Ensuring Responsible Development of Digital Assets.” One of them focuses specifically on crypto assets, and a shorter action plan looks at countering illicit finance risks. The discussion of crypto
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A Binance spokesman said “xenophobia” is underlying talk of a possible review by a key U.S. government panel that examines foreign takeovers. Source
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The “digital euro could play a vital role to strengthen the strategic autonomy of the European Union and to foster financial sector innovation,” said the paper, authored by senior Treasury officials from France, Germany, Italy, Spain and the Netherlands and dated Sept. 13. Original Source
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The central bank of Norway has hit a major milestone in digital currency efforts, releasing the open source code for the country’s central bank digital currency (CBDC) sandbox.Available on GitHub, the sandbox is designed to offer an interface for interacting with the test network, enabling functions like minting, burning and transferring
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“Unlike private digital assets, a CBDC issued by the Federal Reserve would be backed by the full faith and credit of the U.S. government, like the dollar bills in our wallets,” said Rep. Maxine Waters, (D-Calif.), the chairwoman of the House Financial Services Committee, in a statement earlier this year.
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Robert McDonald, a co-accused, avoided extradition on human rights grounds. McDonald is the prime carer for his "extremely ill" wife and has expressed "clear and genuine suicidal intent, in the event he were to be extradited," according to the judgment cited in the Law360 report. The judge also stated that
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Amid Colombia’s economic growth beat expectations in the second quarter, an official at the country’s tax and customs agency has hinted at some national digital currency plans.Luis Carlos Reyes, the head of the Colombian Tax and Customs National Authority, claimed that the government of newly inaugurated Colombian President Gustavo Petro
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