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U.S. Treasury Secretary Janet Yellen has admitted that there are benefits to cryptocurrency. Crypto has grown by leaps and bounds and is now “playing a significant role” in the investment decisions of lots of Americans, Yellen said, adding that the Treasury Department is working on regulatory recommendations for healthy innovation. Treasury
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Spain’s Ministry of Treasury has admitted that Spanish citizens are not forced by law to declare their cryptocurrency holdings under the disputed Model 720, which involves declaring funds held abroad. While the antifraud law approved last year established this duty, there are still no rules regarding cryptocurrency after Model 720
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Brian Smith, a Mango DAO contributor who helped spearhead the treasury proposals, told CryptoX the mSOL proposal was successful because it “hedges out some of the future price risk” that Mango Markets incurs by operating its trading rails with SOL. Plus, mSOL, the Marinade Finance-issued liquid staking token, offers the
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Fiat, a government-issued currency, is still the best choice of financial criminals. Concerns have always centered on the possibility of crypto assets being used for nefarious reasons, however the US Treasury department just released something that dispels these anxieties. Despite widespread fears that cryptocurrency could be used for criminal purposes, a newly
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The U.S. Department of the Treasury is launching a cryptocurrency awareness program. “We’re just trying to raise awareness without trying to stamp out new technology and new innovation,” said an official of the Treasury. Treasury’s Efforts to Raise Crypto Awareness The U.S. Department of the Treasury is launching an initiative to
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The White House said earlier in the day that such guidance would be forthcoming. Source
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The Luna Foundation Guard (LFG), a nonprofit organization, has announced new measures to keep the supply of UST, the flagship stablecoin of the Terra ecosystem, liquid in secondary markets. The protocol has already reached the max issuance of UST per day, but demand is strong enough that the foundation will
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The initiative centers around informing the public about the potential risks of investing in crypto. Source
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The United States Treasury Department is launching a new initiative to raise awareness of the risks involved in investing in digital assets.The move comes as the asset class transitions from a niche market into mainstream investment according to a top Treasury official, potentially drawing in less sophisticated investors. The Department’s
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"Under the executive order, Treasury will partner with interagency colleagues to produce a report on the future of money and payment systems," Yellen said. "... because the questions raised by digital assets often have important cross-border dimensions, we’ll work with our international partners to promote robust standards and a level
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