News
Amid growing demand for safe-haven assets due to a US government shutdown, stimulus checks may bring an “additional liquidity catalyst,” market analysts told Coinpectra.
405
Government News
Led by people in various positions of power, governments create and enforce different laws and guidelines. Governments worldwide vary significantly in approach, procedures, laws, etc. With the advent of the internet and social media, government news is now readily accessible to the public online.
Government cryptocurrency overwatch has increased in the years since Bitcoin’s launch in 2009. The European Union has taken a ground-breaking step by enacting regulations requiring crypto service providers to spot and suppress illegal cryptocurrency activity. Similarly, the Canadian government has established itself as a proactive regulator by authorizing the nation’s first Bitcoin exchange-traded fund (ETF).
In contrast to Singapore’s policy of not taxing long-term capital gains, Japan has taken a progressive stance by recognizing cryptocurrencies as legal property under the Payment Services Act. However, China is a leader in developing its government-backed digital currency, the digital yuan (e-CNY), with numerous pilot projects underway. China has outlawed cryptocurrency exchanges, citing unlawful public financing.
Additionally, government news also throws some light on major economies like the EU, the United Kingdom and the United States that are actively developing and exploring their own central bank digital currency (CBDC) initiatives, while nations like the Bahamas and Nigeria have already implemented CBDCs.
- News
Dubai’s crypto regulator sanctioned 19 companies for unlicensed operations and marketing violations, imposing fines of up to $163,000.
946 - News
Crypto-friendly US Senator Cynthia Lummis said fundraising for a Strategic Bitcoin Reserve is mainly being held back by legislative “slog.”
3602 - News
The shutdown entered its sixth day on Monday, with the SEC, CFTC and other agencies operating with restrictions and limited staff.
8903 - News
Japan’s new prime minister may drive a renewed wave of risk appetite among Japanese crypto investors, industry watchers told Coinpectra.
2231 - News
Vietnam’s crypto pilot gets no takers, with steep capital rules and bans on stablecoins and tokenized securities limiting interest.
4742 - News
Onchain dynamics point to a renewed accumulation phase that may see Bitcoin’s price surpass $150,000 before the end of 2025, market analysts told Coinpectra.
9672 - News
The US SEC has seemingly missed its decision deadline for the Canary Litecoin ETF, adding to uncertainty amid a government shutdown and new generic listing standards.
4770 - News
US First Lady Melania Trump promoted her MELANIA token in an AI video, but questions linger over $10 million in team token sales and a 98% price collapse.
22881 - News
The proposal came from two Swedish Democrats, a party that is a key player in backing the Swedish ruling coalition and its minority government.
12145 - News
Travis Hill has served as acting FDIC chair since Donald Trump took office on Jan. 20, later issuing guidance on crypto-related activities and criticizing allegations of debanking.
2825 - Market Analysis
Traders and data suggest that Bitcoin may benefit from the US government shutdown, but how long will the gains last?
5886 - News
In addition to restrictions on enforcement actions and ongoing litigation, the agency will likely stop reviewing crypto ETF applications.
20857 - News
The first US government shutdown since 2018 may signal the next crypto market bottom, despite concerns over mixed equity market reactions, analysts told Coinpectra.
10141 - News
France’s over $176 billion budget deficit may signal trillions of euros of newly printed money, potentially leading to more capital flowing into Bitcoin, according to Arthur Hayes.
6814