On January 26, 2022 the U.S. Federal Reserve provided several updates regarding their stance on monetary policy. In a press release, the Federal Open Market Committee (FOMC) announced that the Board of Governors voted unanimously to keep interest rates paid on reserve balances at 0 - 0.25%. The
On January 24, 2022 The Executive Board of the International Monetary Fund (IMF) concluded their consultation with El Salvador. According to the IMF's press release regarding the consultation, the Executive Board’s assessment concluded that there are “large risks associated with the use of Bitcoin on financial stability,
In a joint press release by the Ministry of Finance (MOF), Thailand’s Securities and Exchange Commission (SEC), and the Bank of Thailand (BOT), the three entities stated that it is necessary to regulate Bitcoin and digital assets in order to “avert potential impacts on the country's financial
In a joint press release by the Ministry of Finance (MOF), Thailand’s Securities and Exchange Commission (SEC), and the Bank of Thailand (BOT), the three entities stated that it is necessary to regulate Bitcoin and digital assets in order to “avert potential impacts on the country's financial
On January 26, 2022 the U.S. Federal Reserve provided several updates regarding their stance on monetary policy. In a press release, the Federal Open Market Committee (FOMC) announced that the Board of Governors voted unanimously to keep interest rates paid on reserve balances at 0 - 0.25%. The
On January 24, 2022 The Executive Board of the International Monetary Fund (IMF) concluded their consultation with El Salvador. According to the IMF's press release regarding the consultation, the Executive Board’s assessment concluded that there are “large risks associated with the use of Bitcoin on financial stability,
In a conference call this week, Russian president Valdimir Putin asked government officials and members of the Russian Central Bank to continue assessing cryptocurrencies. His comments came less than a week after the central bank released a proposal to completely ban the use and mining of cryptocurrencies on Russian territory.
Following Russia’s proposal to ban all mining and exchanges involved with cryptocurrency, some technology and political executives have voiced opposition against the proposal.
The proposal from January 20th, 2022 suggests the halt of cryptocurrency issuance, operations, banks buying or investing in cryptocurrencies, and exchanging cryptocurrencies for fiat. Also proposed
According to unnamed sources cited by Bloomberg, the Biden administration is preparing to release an executive order that will outline a comprehensive government strategy on cryptocurrencies. This news comes on the heels of a U.S. Senate hearing on stablecoins, a Congressional subcommittee hearing on energy usage involved in cryptocurrency
On Thursday, January 20, 2022, the United States House Energy and Commerce Oversight Subcommittee held an investigative hearing titled “Cleaning up Cryptocurrency: The Energy Impact of Blockchains.” Topics discussed during the hearing included energy usage in blockchain technologies and its impact on grid infrastructure in the U.S., and environmental
On Thursday the Central Bank of Russia issued a 36-page proposal for a complete ban on the use and mining of cryptocurrencies on Russian territory. Citing threats to financial stability, citizens' wellbeing, and sovereignty over their own monetary policy, the bank proposed that Russia create mechanisms to block transactions
