The purchase of Burling Bank, an FDIC-insured Illinois state chartered bank, has been announced by LevelField Financial, a U.S. financial firm that provides digital asset services.
According to the press release, LevelField will become the first finance entity that manages Bitcoin while being FDIC-insured and fully compliant. The bank
The United Kingdom has announced its plans to regulate Bitcoin and other cryptocurrencies within the country.
“We remain steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes cryptoasset technology," said Economic Secretary to the Treasury, Andrew Griffith. “But we must also
Just days after the UK announced the next stages of its plan to regulate Bitcoin and cryptocurrencies, Australia seems to have followed suit.
In a new announcement, Australia’s government has unveiled the first step of what is being called a “multi-stage plan” to regulate Bitcoin and crypto.
“The multi‑
Just days after the UK announced the next stages of its plan to regulate Bitcoin and cryptocurrencies, Australia seems to have followed suit.
In a new announcement, Australia’s government has unveiled the first step of what is being called a “multi-stage plan” to regulate Bitcoin and crypto.
“The multi‑
The purchase of Burling Bank, an FDIC-insured Illinois state chartered bank, has been announced by LevelField Financial, a U.S. financial firm that provides digital asset services.
According to the press release, LevelField will become the first finance entity that manages Bitcoin while being FDIC-insured and fully compliant. The bank
The United Kingdom has announced its plans to regulate Bitcoin and other cryptocurrencies within the country.
“We remain steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes cryptoasset technology," said Economic Secretary to the Treasury, Andrew Griffith. “But we must also
Lebanon is set to devalue its currency by 90% on February 1st, as the country's central bank governor, Riad Salameh, announced that the new official exchange rate will be 15,000 pounds per U.S. dollar. This marks a significant decrease from the current official rate, which has
In an official blog post, the Biden Administration outlines its plan for reducing the risks associated with cryptocurrencies.
The roadmap begins by describing the implosion of LUNA and Terra in 2022 along with the industry’s ensuing disastrous contagion that resulted in numerous bankruptcies.
The post states that “many everyday
Arizona state senator Wendy Rogers (R) has introduced a set of bills that will make Bitcoin legal tender in the state and permit state agencies to accept it.
By becoming a recognized legal tender in Arizona, Bitcoin will be able to be used for settling debts, taxes, and other financial
On January 24th, 2023 El Salvador’s president, Nayib Bukele, announced that the country was able to pay off an $800 million bond despite numerous media outlets claiming that it would not be able to make payments because of its “Bitcoin bet.”
The payment, which followed a prior transaction, included
European Union legislators have voted in favor of imposing rigorous capital requirements on banks that hold Bitcoin and cryptocurrencies.
Economic spokesperson for the EU parliament’s European People’s Party Markus Ferber states that “banks will be required to hold a euro of their own capital for every euro they
