Fed’s Lael Brainard invites Congress to choose whether to compete with China’s digital yuan
In her testimony at the Senate Banking Committee, Brainard deferred the decision on releasing a digital dollar available to consumers.
Dubai World Trade Centre to create new crypto hub and become regulator
State-owned Dubai World Trade Centre will become a comprehensive zone and regulator of cryptocurrencies, products, operators and exchanges within Dubai.
Here’s how much Kazakh gov’t made off crypto mining in Q1 2022
The government of Kazakhstan, one of the world’s largest countries by the Bitcoin
US Trustee motions for examiner to probe Celsius’ ‘significant transparency issues’
The US Trustee behind Celsius' bankruptcy matters has filed a motion for an independent examiner with broad investigative powers, citing “credible allegations of incompetence or gross mismanagement.”
Credit unions warn about the cost of developing a CBDC
The National Association of Federally-Insured Credit Unions believes that the cost of developing CBDC would outweigh the benefits.
FTC files lawsuit against Meta over attempted monopolization of metaverse
The Federal Trade Commission alleged Meta’s potential acquisition of VR firm Within and its app Supernatural was illegal according to U.S. antitrust laws.
President Biden taps economists for Fed governors’ seats, Sarah Bloom Raskin as vice chair...
U.S. President Joe Biden nominated Lisa Cook and Philip Jefferson to the board of governors, and Sarah Bloom Raskin as vice-chair.
Ukraine joins the comity of crypto-friendly nations with new regulation
While Ukraine enacts laws to recognize and regulate crypto, the country’s central bank is also working on its own national digital currency.
CFTC charges 12 New York crypto options businesses with failing to register
The CFTC has charged 14 options providers over failing to register with the regulatory body, with 12 of the firms dealing with crypto.
Tether’s reported bank partner Capital Union shares its crypto strategy
While denying involvement in Tether’s operations, the Capital Union bank supports a “large variety of digital assets” for trading and custody in compliance with the Bahamas’ laws.