US Treasury calls for stricter regulations for nonbank institutions
Following the recent crisis in the United States banking sector, the US Treasury and some prominent U.S. financial authorities have called for new rules to make it simpler for the Federal Reserve to identify nonbank institutions and supervise and control them. In remarks at the Financial Stability Oversight Council (FSOC) Council Meeting on April 21, […]
Chinese Civil Servants to Receive Salaries in Digital RMB
As CBDC adoption grows, all civil servants in the Chinese city of Changshu will be paid their complete salaries in digital RMB or digital yuan from May 2023, according to an announcement issued by the city’s governing authorities. According to the notice issued by local Chinese authorities, the Changshu Local Financial Supervision Bureau and the […]
10 Best Free Bitcoin Mining Apps in 2023 – A Quick Guide!
The best free Bitcoin mining apps simplify the mining process and reduce the amount of technical setup. Computing power is used throughout the Bitcoin mining process to create a cryptocurrency. Users employ desktop computers, CPUs, GPUs, and other computing devices to conduct the mining using apps, hardware, and software. There are various reasons why cryptocurrency […]
Texas House of Representatives Passes ‘Proof of Reserve’ Bill
On April 20, the Texas House of Representatives approved a bill requiring cryptocurrency exchanges to maintain reserves “in an amount sufficient to fulfill all customer obligations.” If the bill is approved by the Senate and signed by the governor, it could become law on September 1, 2023. The proposed legislation modifies Section 160 of the […]
Gemini sets to establish engineering center in India
In a bid to expand institutional and individual customers in Asia Pacific, Gemini crypto exchange is making plans to establish a new engineering center in Gurgaon, India. Gemini’s global chief technology officer, Pravjit Tiwana, announced on April 20 that the exchange is “in the midst” of establishing an engineering center in Gurgaon, India. It was […]