👋 Want to work with us? CryptoSlate is hiring for a handful of positions! What happens when a government defaults on its ability to pay debt? On April 18th, Sri Lanka missed its deadline to pay $78 million in global bond payments. Now, the country is on a trajectory of the biggest default in its…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! According to CNBC, China’s state-sponsored Blockchain Services Network (BSN) is set to launch its first international project this August. The Spartan Network will not operate using cryptocurrencies. Instead, users will pay for transactions and fees in US dollars. The payment method…
Finance Ministers and Central Bank Governors from the G7 met last week to discuss global economic conditions, including cryptocurrency. The committee was joined by Heads of the International Monetary Fund, World Bank Group, Organisation for Economic Cooperation and Development, and Financial Stability Board, some of which have been anti-crypto in their stance. The report states…
The U.S. Congress has introduced over 80 new bills for consideration related to the crypto industry, so far, of which several have passed into law. Former U.S. Regulator with the Federal Deposit Insurance Corporation (FDIC), Jason Brett, has released an article outlining over 50 different digital asset bills introduced to Congress that impact crypto “regulation,…
The Group of Seven (G7) will likely discuss crypto regulation in a finance meeting this week in Germany. Francois Villeroy de Galhau, the Head of the French Central Bank, added that what happened in the past shows an urgent need for global regulation. He said this during an emerging markets conference in Paris. According to…
EU regulators are using the recent Terra Luna situation to push forward with a Digital Euro CBDC. Many will see the volatility created by the attack on the algorithmically backed stablecoin, UST, as a reason to increase the regulation of stablecoins. With $16 billion worth of UST evaporating within days, it is hard to argue…
Finance Minister for Portugal, Fernando Medina, has confirmed that Portugal will begin taxing cryptocurrency in a parliamentary session on May 13. Portugal is currently one of the most crypto-friendly countries in Europe, with many investors migrating to take advantage of the benefits of Portuguese citizenship. However, the crypto haven may be short-lived and perhaps has…
The Conservative Party of Canada held a leadership debate in Edmonton on May 11, with Bitcoin among the many topics discussed by the six hopefuls. Tackling the issue of finance, Pierre Poilievre said he would replace the current Bank of Canada Governor Tiff Macklem over his handling of the cost of living crisis if elected…
Leading crypto exchange Coinbase is planning to ban accounts of select Russians to adhere to sanctions, Russian news agency RBC reported May 5, citing an official letter issued to users by the exchange. The letter informed recipients that Coinbase would shut down accounts after May 31 unless users submitted documents that prove they are not…
The United States Securities and Exchange Commission (SEC) is unwilling to produce documents that show its former finance director, William Hinman, stated that Bitcoin and Ethereum were not securities, according to a tweet from James Filan, a lawyer representing Ripple. SEC files motion to protect Hinman’s speech In a 2018 speech, William Hinman said that…