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“# President Biden is considering economists to fill Fed seats as leadership nominations move to Senate: Report ” The White House is reportedly considering an Obama-era economic adviser and former Fed economist to fill the empty seats on the board of governors of the Federal Reserve System in 2022. According to a Wednesday report from…
“# Bank of Jamaica completes first CBDC pilot ” The Bank of Jamaica (BoJ) has successfully completed its first central bank digital currency (CBDC), targeting a national rollout in the first quarter of 2022. After proceeding with initial CBDC prototype testing in March 2021, Jamaica’s central bank finished an eight-month-long pilot last Friday, the Jamaica…
“# President Bukele predicts Bitcoin $100k rally, further legal adoption and more ” Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for the country’s reserve and reinvested its unrealized…
“# How the Democratic Party didn’t stop worrying and fearing crypto in 2021 ” As 2022 is kicking off, America nears the first anniversary of Joe Biden’s presidency. Following the tenure’s ambitious start, the last few months witnessed some serious tumult around the overall health of the United States economy, the administration’s handling of the…
“# SEC chair has a new senior adviser for crypto ” United States Securities and Exchange Commission (SEC) chair Gary Gensler has added a new staff member who will offer advice related to crypto policymaking and interagency work. In a Thursday announcement, the SEC said Corey Frayer would be joining Gensler’s executive staff as a…
“#Oh, the joy— de Blasio is leaving and other commentary” Libertarian: Oh, the Joy! — Blas Is Leaving! It’s truly the most wonderful time of the year, cheers Reason’s C.J. Ciaramella, because Mayor de Blasio, “a bumbling punchline of a politician, is finally leaving office.” And though “it’s tempting to . . . focus on…
“# Crypto makes history in 2021: Five instances of governments embracing digital assets ” As digital asset prices had been hitting new historical highs in 2021, many jurisdictions were increasingly adopting cryptocurrencies like Bitcoin (BTC) and other crypto-based instruments. In addition to Bitcoin crossing $68,000 for the first time since inception, the year of 2021…
“# Binance gets green light from Canada and Bahrain ” Binance is celebrating the new year with approvals from two different sides of the world. The crypto exchange has been granted an in-principle license by the Central Bank of Bahrain to operate as a crypto asset service provider in the Kingdom of Bahrain. According to…
“# US lawmaker planning to introduce comprehensive crypto bill in 2022: report ” Wyoming Senator Cynthia Lummis, one of the United States lawmakers behind many pro-crypto pieces of legislation, is planning to introduce a comprehensive bill next year to handle digital assets. In a Thursday report, Bloomberg said Lummis’ proposed bill aimed to provide regulatory…
“# 100 digital payment token firms in Singapore fail to win licenses: Report ” More than 100 out of 170 “digital payment token services” in Singapore have reportedly failed to obtain licenses from the local financial regulator, the Monetary Authority of Singapore, or MAS. 103 companies related to the digital payment industry in Singapore found…