Gvt crypto news
Here are some recent government-related cryptocurrency news:
Regulatory Updates
- US Treasury Department's Financial Crimes Enforcement Network (FinCEN): FinCEN has issued new guidance on the application of anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations to virtual currencies.
- European Union's Markets in Crypto-Assets (MiCA) Regulation: The EU has proposed a new regulation aimed at creating a comprehensive framework for the issuance and trading of crypto-assets.
- Japan's Financial Services Agency (FSA): The FSA has issued new guidelines for cryptocurrency exchanges, requiring them to implement stricter measures to prevent money laundering and terrorist financing.
Government-backed Cryptocurrencies
- China's Digital Currency Electronic Payment (DCEP): China has been developing its own digital currency, DCEP, which is expected to be launched soon.
- Sweden's e-krona: Sweden's central bank is exploring the possibility of issuing a digital currency, e-krona, to complement its physical currency.
- Singapore's Project Ubin: Singapore's central bank has launched a project to develop a digital currency, Project Ubin, which aims to improve the efficiency and security of cross-border payments.
Government Use of Cryptocurrencies
- US Department of Defense: The US Department of Defense has started using blockchain technology to track and manage its supply chain.
- UK's National Health Service (NHS): The NHS has started using blockchain technology to securely store and share patient data.
- Canada's Government: The Canadian government has launched a blockchain-based platform to track and manage its procurement process.
Government Investigations and Enforcement
- US Securities and Exchange Commission (SEC): The SEC has charged several individuals and companies with violating securities laws related to cryptocurrency offerings.
- US Internal Revenue Service (IRS): The IRS has issued guidance on the tax treatment of cryptocurrency, requiring taxpayers to report capital gains and losses from cryptocurrency transactions.
- Singapore's Monetary Authority of Singapore (MAS): The MAS has taken enforcement action against several cryptocurrency exchanges and companies for violating anti-money laundering and terrorist financing regulations.
These are just a few examples of the many government-related cryptocurrency news stories out there.