The U.N. experts are currently investigating 35 cases in 17 countries where North Koreas were using cyberattacks to raise money for the military objective. They are calling for sanctions against ships that are providing gasoline and diesel to the country as a precaution for the money raised to be used for weapons of mass destruction … Continue reading UN Investigates North Korea on Cyberattacks Funding WMD
Japanese Lawmaker, Kozo Yamamoto has called for the expedited development of Japan’s digital yen as the race to be the first nation with an operating central bank digital currency (CBDC) heats up. Yamamoto who is Head of Bank and Finance Systems Research Commission at the Liberal Democratic Party (LDP), said that Japan should create a … Continue reading Japanese Lawmaker Urges Digital Yen Development to Curb China Dominance
As the economy continues to deteriorate in the ongoing COVID-19 pandemic climate, US Lawmakers are once again pitching the creation of a sovereign digital dollar to quickly distribute the proposed stimulus packages. Congresswomen Rashida Tlaib (MI-13) and Pramila Jayapal (WA-7) unveiled the Automatic BOOST to Communities Act (ABC), legislation to immediately provide a $2,000 payment using BOOST debit cards … Continue reading Can US Lawmakers Really Just Mint Two $1 Trillion Coins to Back a Digital Dollar COVID Stimulus with "No Additional Debt"?
In the Ohio House of Representatives, Democrats have included a new voting system pilot based on blockchain as part of their elections law overhaul bill. The system will be used to count and track the votes of military personnel stationed outside of the US but registered to vote in Ohio. On May 5, the Ohio … Continue reading Ohio Democrat Lawmakers Propose Blockchain Voting in Bill For Election Overhaul
The 350 Deputies of the Spanish Congress recently obtained one-euro (1€) value of Bitcoin. The initiative was launched by Blockchain Observatory media company and Tutellus educational platform specialized in the blockchain. The initiative’s aim was to send one-euro worth of Bitcoin to Deputies in Spanish’s lower house (the Congress of Deputies). It is an educational … Continue reading Spanish Lawmakers Receive Bitcoin in Cryptocurrency Education Campaign
US lawmakers have introduced a new bill to Congress which seeks to impose federal control over the entire stablecoin industry and would mandate token issuers to secure bank charters. United States Representatives Rashida Tlaib (D-Mich.), Jesús “Chuy” García (D-Ill.) and Stephen Lynch (D-Mass.) introduced the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act on Wednesday, … Continue reading US Lawmakers Want STABLE Act to Force Stablecoin Issuers to Secure Bank Charters
Two U.S. lawmakers have published an open letter to Tron founder Justin Sun and DLive CEO Charles Wayn in the wake of the Capital riots—asking them to explain how they moderate extremist and white supremacist content. The letter was published by U.S. lawmakers Reps. Raja Krishnamoorthi (D-Ill.) and Jackie Speier (D-Calif.) on Feb. 9 and … Continue reading US Lawmakers Question Tron Founder Justin Sun and DLive CEO on Extremist Content Following Capitol Riots
Federal Reserve Chair Jerome Powell says it will be up to United States lawmakers whether or not to bring a digital dollar to the market. Powell said that US central bank must consider the health of other markets when creating a digital currency—and that economic recovery was “far from complete”. Hours before the time of … Continue reading Fed Chair Powell Says Central Bank Will Engage with US Lawmakers On Digital Dollar
Headquartered in Pontiac, MI. UWM Holdings Corp, a large-scale wholesale mortgage lender in the United States, said it plans to accept cryptocurrency to satisfy mortgage payment this year. United Wholesale Mortgage (UWM), the nation’s largest home mortgage loan wholesale company, underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, … Continue reading UWM Holdings Corp Plans to Accept Crypto for Mortgage Payment this Year
Ahead of the September 7th scheduled date to make Bitcoin (BTC) a legal tender in the country, El Salvador’s parliament has approved the law to establish a $150 million Bitcoin Trust Fund. As reported by Reuters, the parliamentary vote in the Central American country came in at 64 votes in favour and 14 votes against the proposed … Continue reading El Salvador Lawmakers Passes $150M Bitcoin Trust Fund into Law