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Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate

Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and SenateIn the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central bank, a federal agency, or a foreign government issue a CBDC, its […]

US Justice Dept charges Roger Ver with tax fraud

‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network

‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment NetworkThe U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including […]

US Justice Dept charges Roger Ver with tax fraud

US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’

US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make preparations to join the central bank’s new payment service. Economist Richard Werner, […]

US Justice Dept charges Roger Ver with tax fraud

DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case

DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy CaseFollowing a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the motion would duplicate the efforts of the federally appointed independent examiner. U.S. Trustee Argues for […]

US Justice Dept charges Roger Ver with tax fraud

Former FTX CEO Sam Bankman-Fried Pleads Not Guilty to Criminal Charges, Bond Signees’ Names Remain Sealed 

Former FTX CEO Sam Bankman-Fried Pleads Not Guilty to Criminal Charges, Bond Signees’ Names Remain Sealed On Jan. 3, 2023, the former FTX CEO Sam Bankman-Fried (SBF) pleaded not guilty to eight criminal charges that involve two counts of wire fraud and six counts of conspiracy. In addition to the not guilty plea, SBF’s judge Lewis Kaplan granted the defendant’s request to keep the names of his $250 million bond signees […]

US Justice Dept charges Roger Ver with tax fraud

Report Says Binance Shared Client Data With Russia, Crypto Exchange Denies Allegations

Report Says Binance Shared Client Data With Russia, Crypto Exchange Denies AllegationsCryptocurrency exchange Binance has been accused in a media report of agreeing to provide user data to Russia’s financial watchdog. The trading platform has refuted the allegations. It also insists it’s complying with Western sanctions imposed over Moscow’s invasion of neighboring Ukraine. Binance Consented to Russian Request for Customer Info, Reuters Claims in ‘Special Report’ […]

US Justice Dept charges Roger Ver with tax fraud

Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions

Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax ExemptionsThe leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential Candidate Looks to Attract Young Voters With Crypto Tax Cuts Yoon […]

US Justice Dept charges Roger Ver with tax fraud