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Bitcoin News / Bitcoin.com - 2 years ago

US Lawmaker Outlines Priorities to Regulate Crypto and Make America the Place for Blockchain Innovation

The chairman of a newly formed digital assets committee, U.S. Congressman French Hill, has outlined some priorities to regulate the crypto sector and ensure America is the place for fintech and blockchain innovation. “We want a regulatory frame...

Bitcoin News / Bitcoin.com - 2 years ago

Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit

Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest in...

Cryptocoins News / EthereumWorldNews - 2 years ago

MakerDAO Approves Preliminary Proposal To Park $100 Million USDC In Yearn Finance Vault

Summary: The MakerDAO proposal to earn yield from a Yearn Finance vault was backed by the governance community.Yearn Finance’s special investment vehicle or vault has a cap of $100 million.The USD Coin treasury allocation from Dai’s...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

EU lawmakers vote for more restrictive capital requirements on banks holding crypto

Banks could be required to hold a “risk-weighted exposure amount” of up to 1,250% of capital based on exposure to crypto if the full parliament passes the measures. Th...

Bitcoin News / Bitcoin Magazine - 2 years ago

EU Lawmakers Vote To Impose Strict Capital Requirements On Banks Holding Bitcoin And Crypto

Banks would be allowed to hold 2% of capital in bitcoin, but required to have one euro in capital for every euro in cryptocurrency held.European Union lawmakers have voted to impose strict capital requirements on banks that hold cryptocurrencies, per...

Bitcoin News / Bitcoin Magazine - 3 years ago

Mississippi, Missouri Lawmakers Introduce Bills To Protect The Rights To Mine Bitcoin And Run A Node

Committees from both states will soon vote on bills that would provide a variety of protections for Bitcoin mining operations and node runners.Lawmakers from the U.S. states of Mississippi and Missouri have introduced bills that seek to legally prote...

Bitcoin News / Bitcoin.com - 3 years ago

US Lawmakers Create ‘Congress’ First Ever’ Digital Assets Subcommittee

U.S. Congress’ “first ever” subcommittee on digital assets has been created as part of the House Financial Services Committee. “We want to create a regulatory legal framework for digital assets … that makes America a leader fr...

Cryptocoins News / EthereumWorldNews - 3 years ago

French Investment Bank Société Générale Withdraws $7 Million From MakerDAO

Société Générale has minted a loan of $7 million worth of DAI from MakerDAO.& The investment firm used home loan bonds as collateral to withdraw the stablecoins.& Société Générale started a vault in the DAO last year after approval from its...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

US lawmakers call on court to approve ‘independent examiner’ in FTX bankruptcy case

Four U.S. Senators said Sullivan & Cromwell was “simply not in a position to uncover the information needed to ensure confidence in any investigation or findings” regarding FTX....

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Turkish automaker Togg onboards Metaco for crypto custody and governance

The partnership with Metaco will include using its digital asset custody and orchestration system, Harmonize, to safeguard the custody and governance of Togg’s digital assets....

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi

A Hong Kong official believes that a government-backed stablecoin would serve as a better entry point to Web3 compared to private stablecoins. Hong Kong authorities ar...