Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how it works, and why it FiscalMatterPolicy Read More
At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why BailoutsBitcoinChangeFedMetalsNewsPolicyPreciousSoarspeculation Read More
At the annual Futures Industry Association conference in Boca Raton, representatives from crypto companies argued the lack of regulatory clarity would stifle US innovation.
Source 039Completelya16zControl039Crypto039sPolicySEC Read More
Caroline Hill, the director of global policy and regulatory strategy for stablecoin issuer Circle, has placed some of the blame from the recent collapse of banks tied to crypto on traditional financial institutions rather than digital assets.Speaking at a South by Southwest (SXSW) panel on regulating cryptocurrencies in Austin, Texas BitcoinCircleContagionCryptocryptoexchangeDirectorExchangesPolicyTradFiVersaVice Read More
The United States Commodity Futures Trading Commission, or CFTC, was a part of discussions on a regulatory framework for digital assets as well as use cases for blockchain technology.In a March 8 meeting of the CFTC’s Market Risk Advisory Committee, commissioners, regulators, and industry representatives were scheduled to discuss “critical AssetBitcoinCFTCconsiderationscontinuescryptoexchangeDigitalExchangesExploreMeetingMRACPolicy Read More
Federal Reserve chairman Jerome H. Powell is scheduled to participate in the open session, which is set to take place on March 7.
As the market awaits the FED’s announcement on their plan for interest rate hikes for the remainder of the year, Powell’s remarks regarding the crypto market could also BitcoinFedPolicyRecoveryTank Read More
The design choices, such as the level of privacy — i.e., anonymous or fully traceable transactions — implemented in the creation of a CBDC can have significant implications for monetary policy. Continuing the privacy design choice example, let’s understand its impact on monetary policy in the following two scenarios. CryptocurrenciesExplainedMonetaryPolicy Read More
Two United States lawmakers have criticized crypto accounting guidelines outlined by the securities regulator, arguing it places crypto customers at greater risk of loss.The guidelines came from the United States Securities and Exchange Commission (SEC), which became effective in April last year. The guidelines ask financial companies holding crypto for AccountingArgueBitcoinCryptocryptoexchangecustomersExchangesLawmakersPlacesPolicyRiskSECU.S Read More
U.S. Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee, and Sen. Cynthia Lummis (R-Wyo.), who has authored crypto legislation, sent a letter to several banking agencies on Thursday asking how they’re dealing with a controversial bulletin from the Securities and Exchange Commission that advised financial institutions AccountingArgueBitcoinCryptocryptoexchangeCustodyExchangesLawmakersPolicySafeSECU.SUndermines Read More
Federal Reserve Bank of Atlanta’s president has warned of disastrous economic consequences similar to those seen during the financial crisis of the 1970s if the Fed loosens its policy prematurely. Noting that “inflation remains too high,” he stressed: “We don’t want a repeat, so we must defeat inflation now.”
Fed Officials BitcoinDisastrousEconomicsFedHighInflationLoosensNewsPolicyPrematurelyPresidentRemainsResultsWarns Read More