U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming

In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U.S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued… Continue Reading

CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair

The former chair of the United States Federal Deposit Insurance Corporation, Sheila Bair, recently published an article imploring the U.S. Federal Reserve to explore central bank-issued digital currencies (CBDCs). In the article, Mrs. Bair argues that the development of a… Continue Reading

Central Bank-Issued Cryptocurrency Round Up: IMF, BoE, Hong Kong

In recent days, central banks from the around the world have been actively exploring the prospect of issuing digital currencies. The Bank of England (BOE) has continued to press forward with research into models for central bank-issued currencies, with BOE… Continue Reading

Norway and England Contemplate Central Bank-Issued Cryptocurrencies

The central banks of Norway and England have published reports exploring different models for central bank-issued cryptocurrencies. By contrast, Federal Reserve governor, Lael Brainard, recently expressed her opposition to central bank cryptocurrencies – claiming that such would result in broad… Continue Reading

St. Louis Fed Rejects Notion of Central Bank-Issued Cryptocurrencies

The St. Louis Federal Reserve has published an essay critically evaluating the notion of cryptocurrencies that are issued by central banks. The article is highly dismissive in presenting what it describes as “the non-case for central bank cryptocurrencies,” concluding that… Continue Reading

Kraken CEO Condemns “Hostile” Questionnaire Issued by New York AG

Jessie Powell, the CEO of U.S.-based cryptocurrency exchange Kraken, has publicly stated his refusal to answer a questionnaire issued by the New York Attorney General’s office. Mr. Powell has described the questionnaire – which was sent to thirteen virtual currency… Continue Reading

Nasdaq-Issued Bitcoin Futures Contracts May Comprise “Investment” Rather Than “Tracking Stock”

Finance The chief executive officer of Nasdaq, Adena Friedman, has discussed the company’s position with regards to the potential bitcoin futures contracts it has previously expressed interest in offering. Although Mrs. Friedman was unable to affirm that… Continue Reading