State

cryptonews law court people silhouettes haze daylight from windows holography cartoon style

12 May 23

Florida governor supports state bill banning CBDCs

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a tweet on May 12, governor Ron DeSantis of Florida voiced his backing for a proposed bill that seeks to prohibit the use of Central Bank Digital Currencies (CBDCs) as a form of currency within the state. The legislation aims […]

crypto black man lying on the couch watching TV in a large white apartment day light low poly style

07 May 23

State of US’ crypto regulations, more hacks and rug pulls as PEPE leads the meme coin charge

Following a calm week, there were more regulatory actions, especially in the United States. Meanwhile, more hacks and rug-pull spilled over from the previous week. The buzz surrounding meme coins, fueled by the success of PEPE, created an opening for malicious actors who sought to exploit investor enthusiasm. Crypto mining regulations On May 3, the […]

10 Apr 23

Gold-backed state digital currency gains traction in US

As debates on digital currencies persist, several U.S. states are making strides in exploring a gold-backed state digital currency, regulating bitcoin mining, and addressing legal challenges in the cryptocurrency realm. Amid ongoing discussions among notable U.S. politicians regarding central bank digital currencies, Texas is considering a novel approach: a state-level digital currency supported by gold. […]

crypto news coniferous forest general view open space day light low poly style

06 Mar 23

Utah State Legislature passes the Utah DAO Act

The Utah State Legislature, recently passed the Utah Decentralized Autonomous Organizations (DAO) act, otherwise known as under Act HB 357, Reported at the beginning of March by the National Law Review, the Act resulted from combined efforts between the Digital Innovation Taskforce and the Utah Blockchain Legislature. Utah DAO act The Utah DAO act was […]

23 Feb 23

CoinEx sued by NYAG for failing to register in the state

Hong Kong-based crypto platform CoinEx is facing a lawsuit from New York Attorney General Letitia James, who accuses the firm of falsely presenting itself as an exchange by not registering as a securities and commodities broker-dealer in the state. The petition, filed on Feb. 22 in the Supreme Court of the State of New York, […]

08 Feb 23

FED may prohibit state banks from holding cryptos as principal

The Federal Reserve System stated that it intends to presumptively prohibit state banks from holding crypto-assets as principals without permission from the Fed and OCC. In an updated guide issued on the Federal Register, the Board of Governors of the Federal Reserve System said that they had received inquiries about the permissibility of “certain crypto-asset-related activities” […]

17 Jan 23

EU finance ministers’ group state political aspects of digital euro

The Eurogroup reaffirmed its support for digital euro research but underlined that some of the design and application features under consideration would necessitate political decisions. Following a meeting in Brussels, the eurozone finance ministers issued a statement on the launch of the digital euro. According to the report, Eurogroup meets regularly to examine the political […]

Crypto Institutions and Paul Krugman A Tale of Misunderstanding

29 Dec 22

State Bank of Vietnam (SBV) notes progress made in driving cashless payments

In a Dec. 28 press release, the State Bank of Vietnam (SBV) said significant progress has been made in recent years to stimulate growth of cashless payments in rural and inaccessible areas of the country. Đinh Quang Dân, the deputy head of Agribank’s customer services, notes that more accounts are being opened by people from island and […]