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08 Jun 23

US Government challenges Bittrex US’s motion to return customer crypto assets

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Amid the unfolding bankruptcy case of crypto exchange Bittrex US, the US government has opposed the platform’s motion to authorize customer withdrawals of their crypto assets. The US government has countered a request by Bittrex US, the now-bankrupt cryptocurrency exchange, to […]

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04 Jun 23

Crypto scams on the rise, government institutions call for regulatory clarity| Weekly recap

This week, regulatory affairs continued to be a top concern. Government institutions worked towards creating guidelines to adapt to the ever-changing and evolving world of cryptocurrencies. Meanwhile, the private sector showed interest in non-fungible tokens (NFTs) by collaborating on various projects. Despite these positive advancements, reports of fraudulent activities and security breaches highlighted the importance […]

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31 May 23

Beijing government publishes web3 white paper

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Beijing’s municipal government has introduced the “Web3 Innovation and Development White Paper” at the Zhongguancun Forum. Presented by the Beijing Municipal Science and Technology Commission, also recognized as the Administrative Commission of Zhongguancun Science Park, the white paper aims to cultivate […]

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28 May 23

Municipal government in China releases blockchain white paper

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A municipal government in Beijing, the capital of the People’s Republic of China and the hub for technological innovation, has unveiled plans to lead the development of web3 and blockchain. Beijing municipality government releases blockchain white paper Per local reports, the […]

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17 May 23

Pakistan government firm on stance to keep cryptos illegal

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Dr. Aisha Ghaus Pasha, Pakistan’s Minister of State for Finance, declared on May 17 that the government has no plans to legalize cryptocurrency in the nation. The statement was made during a meeting of the Senate’s standing committee on finance. According […]

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16 May 23

New Thai government may take fresh view on cryptos

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Thailand’s two major opposition parties, the Move Forward party and Pheu Thai, announced on May 15 the intention to establish a ruling coalition following a victory in the weekend election. The defeat of military-backed parties, which have held power for almost […]

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11 May 23

Venom Foundation partners with Kenyan government to set up blockchain hub

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Venom Foundation, the team behind the ADGM-licensed decentralized network, has signed a Memorandum of Understanding (MOU) with the Kenyan government to set up a blockchain hub. Venom Foundation partners with Kenyan government Through the partnership, Venom Foundation seeks to stimulate regional […]

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08 May 23

Liechtenstein explores bitcoin payment option for government services

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Liechtenstein’s Prime Minister, Daniel Risch, has announced plans to allow citizens to pay for government services using bitcoin. In a May 7 interview, Risch stated that a bitcoin payment option is coming, without providing further details. The European microstate plans to […]

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28 Mar 23

UK government not going forward with NFT issuance

The government of the United Kingdom has dropped plans to issue a non-fungible token (NFT), which was first proposed in April 2022 and scheduled for issuance in June 2022. The United Kingdom’s Economic Secretary to the Treasury, Andrew Griffith, said the Royal Mint had canceled plans to launch a government-backed token. Griffith’s statement was in […]

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12 Mar 23

The US government will only help Silicon Valley Bank depositors

On Mar. 12, United States Treasury Secretary Janet Yellen assured Silicon Valley Bank (SVB) depositors that policies were being discussed to recover lost funds. Bail Out or Not Speaking during CBS’s Face the Nation, Yellen reassured SVB depositors and dismissed the idea of a bailout, stating that “the reforms that have been put in place means we are not […]

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