There have been some oppositions surrounding the new income tax law, with investors accusing the government of insufficient protective measures for digital currency investors.
Finance ministers of the G7 countries have reached an agreed position on 13 public policy principles for central bank digital currencies, in a move that could pave the way for greater adoption of CBDCs across the world’s leading economies.
Five U.S. lawmakers wrote a letter to Zuckerberg urging him to discontinue the Novi and Diem ventures, stating that Facebook can’t be trusted to manage a digital currency.
A Senate committee focused on fintech has recommended a complete overhaul of the regulatory process in Australia for the digital currency industry.
Digital currencies could undermine the impact of sanctions imposed by the United States, a report by the Treasury Department has stated.
The right-wing group has urged the Modi government to police streaming platforms like Netflix and digital currencies for the larger good of the society.
Bitcoin Association’s Marcin Zarakowski and Ahmed Yousif joined Patrick Thompson on CoinGeek TV, discussing how each views the future of blockchain technology.
Russia’s energy minister has proposed changes that could see block reward miners pay more for electricity than households as the industry grows rapidly.
The Deputy Governor said the risks posed by stablecoins as well as decentralized and derivatives trading on unbacked assets, were enough to require a more hands-on regulatory approach.
Matis Mäeker, head of Estonia’s Financial Intelligence Unit, said the state should consider scrapping regulation “to zero and start licensing all over again,” over concerns about the impact of the sector.
The COO of FunFair Technologies also noted the benefits of “interoperability” when it comes to NFTs, using the example of taking a “punk” that you own and bringing it into FunFair’s racing game. values.