United States Treasury Secretary Janet Yellen listed stablecoins as one of the major policy concerns in the digital asset space for regulators, currently subject to “inconsistent and fragmented oversi...
Tag: Treasury
U.S. Treasury Secretary Janet Yellen Wants ‘Responsible Innovation’ For Crypto
Treasury Secretary Janet Yellen has made her first speech on crypto in Washington on April 7, and it was not all bad news. Ms. Yellen echoed sentiments from some of her fellow government leaders, such...
Terra brings massive upgrade: Plans to include Avalanche (AVAX) in treasury
TL;DR Breakdown Terra Foundation is set to acquire a huge chunk of AVAX tokens in order to back its stablecoin UST The Foundation was previously on a hunting spree for Bitcoin as it aimed to accumulat...
Queen Elizabeth’s Treasury Reveals How Cryptoassets Fit Into Post-Brexit U.K.
The U.K. announced earlier this week its strategic move to become a global hub for crypto. Here’s what you need to know. Her Majesty’s Treasury announced on Monday its strategic, ‘moves that wil...
Treasury Secretary Yellen lays out principles for cryptocurrency regulation
The Treasury has staked out its vision for crypto policy, sort of. On April 7, Treasury Secretary Janet Yellen gave a speech on digital assets — the first of its kind during her term. The speech is an...
US Treasury Secretary Janet Yellen Warns of Global Economic Impact of War in Ukraine
US Treasury Secretary Janet Yellen alerted that Putin’s “special military operation” in Ukraine “will have enormous economic repercussion for the world.” She added that the US authorities plan to impo...
Treasury Secretary Yellen’s first speech on crypto will focus on existing laws — except for stablecoins
Treasury Secretary Janet Yellen will speak on cryptocurrencies today at American University in Washington, DC. A much-anticipated event, it is the first time Yellen is addressing the subject at length...
The Fed’s plan to rapidly slash its balance sheet is out. Here’s what happens to money in the system.
Minutes of the Federal Reserve’s March meeting released on Wednesday detailed plans for shrinking its nearly $9 trillion balance sheet to help cool U.S. inflation running at 40-year highs, but tricky ...
Watch Treasury Secretary Janet Yellen speak live on the global financial system
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Ser...
US Treasury Department Sanctions Russian Darknet Market and Crypto Exchange
Hydra Market is the largest and most widely used darknet market in the world. It was founded in 2015 and offers services such as ransomware-as-a-service (RaaS), hacking, counterfeit currency, illicit ...
UK Treasury welcomes crypto innovation calling it “an opportunity”
HM Treasury has announced that London will welcome cryptocurrency, with the City minister John Glen stating in a speech that “the UK is open for business and open for crypto businesses”. The governmen...
CEO Behind $50 Billion Stablecoin Explains Why Not All Digital Dollars Are Created Equal
Circle CEO Jeremy Allaire Circle Financial Jeremy Allaire is CEO of Circle, one of the primary issuers of the dollar-pegged USD Coin, one of the fastest growing stablecoins in the world. With a market...
UK Treasury says stablecoins could be used for payments
The UK Economic and Finance Ministry is paving the way for broader cryptocurrency adoption. The ministry has said that it has plans to change the current regulatory framework to foster the adoption of...
UK Treasury outlines plan to regulate stablecoins and issue an NFT
The UK’s chancellor Rishi Sunak set out plans on Monday to regulate stablecoins and issue an NFT as part of a bid to position the UK as a crypto-friendly tech hub. The moves would see stablecoin...
Biden Administration’s 2023 Tax Policy Includes Many Key Changes For Crypto Traders And Investors
President Joe Biden speaks about the March jobs report in the State Dining Room of the White House, Friday, April 1, 2022, in Washington. (AP Photo/Patrick Semansky) ASSOCIATED PRESS What Happened On ...
Don’t Help Russia, Or Else… Treasury Official Says US Will ‘Come And Find You’
The US would hold responsible anyone who assists Russia in circumventing financial sanctions in the aftermath of the Kremlin’s act of terrorism on Ukraine, US Deputy Treasury Secretary Wally Adeyemo s...
Deputy U.S. Treasury Secretary Issues Stark Warning To Crypto Exchanges Who Don’t Follow Russian Sanctions
A top-ranking U.S. official is issuing a warning to crypto exchange platforms that fail to comply with the sanctions placed on Russia. In a new interview with CNBC, Deputy U.S. Treasury Secretary Wall...
US Treasury to Hold Crypto Exchanges Accountable for Sanction Evasion
There has been some saber-rattling by the Deputy U.S. Treasury Secretary this week as cryptocurrencies remain in the spotlight as a primary concern for Russian sanction evasion. On March 29, Deputy U....
US Deputy Treasury Secretary Warns Crypto Exchanges Against Helping Russia Evade Sanctions
Wally Adeyemo – the 15th United States Deputy Secretary of the Treasury – warned cryptocurrency exchanges and monetary institutions not to aid Russia to bypass financial penalties. He asserted that th...
Treasury wants more reporting to the IRS on offshore crypto accounts
advertisement The US Treasury is working to get the IRS more information on offshore cryptocurrency holdings. On March 28, the US Treasury released its “Green Book,” its annual breakdown o...
U.S. Treasury wants to include crypto in foreign accounts reporting rules
A new proposal published by the U.S. Treasury suggests that cryptocurrencies such as Bitcoin and Ethereum should be added to the Internal Revenue Service’s (IRS) rules for reporting taxpayers’ offshor...
Calamari Network Announces over 70% Of $KMA Will Be Moved to Its Treasury
Substrate-based DeFi privacy protocol, Manta Network, announced treasury changes to its Kusama parachain, Calamari Network, locking 7.5 billion $KMA, or 71.5% of the total $KMA supply, in their decent...
Manta Network announces over 70% of $KMA will be moved to its Treasury
Substrate-based DeFi privacy protocol, Manta Network, announced treasury changes to its Kusama parachain, Calamari Network, locking 7.5 billion $KMA, or 71.5% of the total $KMA supply, in their decent...
UK Treasury In Talks With Crypto Firms On Stablecoins, Set To Release New Crypto Rules
The UK’s finance ministry is set to release new regulatory frameworks concerning cryptocurrencies and the use of blockchain technologies across its jurisdiction. Alongside this, government offic...
‘The dam finally broke’: 10-year Treasury yields spike to breach top of downward trend channel seen since mid-1980s, says Deutsche Bank
Yields on the 10-year Treasury note have spiked through the top line of a downward trend channel tracing back to the mid-1980s, with surging inflation and the Federal Reserve’s reaction to it sparking...
U.S Treasury Secretary recognize crypto’s value but is ‘Skepticism’ -know why
Janet Yellen, the United States Secretary of the Treasury, is still wary of cryptocurrency, but she recognizes that it has value. “Leaps and bounds” Janet Yellen, the 78th Secretary of the Treasury of...
Dems propose Treasury e-cash, a peer-to-peer electronic cash system
House Democrat representatives today are introducing a bill that calls for the development of an electronic version of the U.S. dollar that has the same legal status and privacy expectations as physic...
US Treasury Secretary Yellen Optimises to Recognize Crypto Role in Finance
In an interview with CNBC last Friday, US Secretary of the Treasury Janet Yellen acknowledged crypto’s rising role in American finance. Yellen said that she will work towards creating guidance for fut...
Treasury Yields Surge as Fed Traders Price In Even More Hikes
(Bloomberg) — Swaps traders priced in a full two percentage points of additional Federal Reserve interest-rate hikes for 2022 as Treasury yields surged anew on Friday, led by the short end of th...
Janet Yellen Admits Crypto Has Benefits — Says Treasury Working on Crypto Regulation – Regulation Bitcoin News
U.S. Treasury Secretary Janet Yellen has admitted that there are benefits to cryptocurrency. Crypto has grown by leaps and bounds and is now “playing a significant role” in the investment decisions of...