President Biden announces pick for FDIC chair
Martin Gruenberg was FDIC acting chair while the agency issued cease and desist orders to crypto firms and suggested that payment stablecoins merited further consideration.
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Martin Gruenberg was FDIC acting chair while the agency issued cease and desist orders to crypto firms and suggested that payment stablecoins merited further consideration.
Despite the backlash he previously received for purchasing BTC as markets crashed, Bukele cited the recent FTX collapse to explain why Bitcoin is different.
The announcement of one-on-one discussions with the OCC followed the department saying it planned to establish an Office of Financial Technology starting in 2023.
According to the DCMS committee, NFT regulation in the U.K. is “largely non-existent,” with lawmakers planning to assess the assets ahead of a review by the treasury department.
Crypto has been highly visible in this election cycle thanks to polls and political action committees. This is a new and unaccustomed role for it with unknown results.
The group added it would consider the benefits and challenges of granting the DAO legal status in Japan, citing the state of Wyoming approving similar legislation in July 2021.
UnionBank, one of the largest universal banks in the Philippines, debuts cryptocurrency trading via a partnership with a Swiss crypto firm.
Major Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore.
"It is necessary to study appropriate sanctions, and assign the government to make detailed regulations,” reportedly said Prime Minister Pham Minh Chinh.
A look at why some Bitcoin miners continue to thrive in the bear market while others need to rethink their strategies in order to continue operations.