U.S. Treasury Secretary Janet Yellen has given her opinions on the potential of a digital dollar but is hesitant to come to any conclusions at this stage in proceedings. Yellen said on Thursday that she had not formed a view on whether the Federal Reserve should create a digital version of the dollar, but such a move would require broad consensus among Congress, the U.S. … [Read more...] about Digital dollar needs broad consensus among authorities, says US Treasury Secretary
Authorities
Israel authorities amp up regulations for crypto and FinTech
In an announcement made by the Authority of Combating Terror Finance and Money Laundering, a new set of regulations have been imposed in Israel to protect investors’ stake in the crypto market.According to Authority director Schlomit Wegman, the application of the new set of laws will ensure that crypto and fintech industries maintain their decorum and assist in establishing … [Read more...] about Israel authorities amp up regulations for crypto and FinTech
Authorities are looking to close the gap on unhosted wallets
Individuals have different choices when it comes to storing their cryptocurrencies. They can use a hosted wallet (sometimes called a custodial wallet), which involves an intermediary (a host) that usually receives, stores and transmits the assets on behalf of their clients. For example, a centralized crypto exchange can be a hosted wallet provider, with which an individual sets … [Read more...] about Authorities are looking to close the gap on unhosted wallets