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Government
Jerome Powell: Fed Weighing Costs, Benefits and Trade-Offs of Digital Currency
Federal Reserve Chairman Jerome Powell answered questions posed by Rep. Bill Foster (D-Illinois) regarding the competitive threat to the U.S. dollar’s status as a global reserve currency by China’s ambitions to create a digital yuan and the proposal of Libra. Source: Financial Services Committee hearing, Feb. 11, 2020.
Governor: Colorado Startups Have Raised $50M in Venture Capital
Colorado Gov. Jared Polis joined CoinDesk at ETHDenver where he talked about the future of crypto regulation.
Japanese Lawmakers Will Propose Digital Yen to Counter Libra, China: Report
Around 70 politicians from Japan's ruling Liberal Democratic Party plan to propose the nation issue its own digital currency.
Swiss Government Moves to Remove Legal Barriers for Blockchain Development
The Swiss Federal Council has adopted a revised proposal to remove legal hurdles still holding up blockchain innovation, and will pass the legislation to the parliament.
EY Launches Blockchain Tool to Help Bring Accountability to Public Finances
The accounting giant is using blockchain tech to assist governments in improving transparency and accountability in the management of public funds.
South Korea Aims to Put Trade Finance on the Blockchain by 2021
The government-backed program will bring trade and contract data into distributed ledgers.
Uzbekistan Plans Massive Hike in Electricity Prices for Crypto Miners
A new bill from Uzbekistan's Ministry of Energy would triple the price of power for miners, raising fears it could stifle the local mining industry.
Germany Passes National Policy to Explore Blockchain But Limit Stablecoins
Germany's cabinet has passed a national strategy for exploring blockchain tech, while limiting the threat of stablecoins like Facebook's Libra.
UK's Pensions and Welfare Department Eyes DLT for Faster Payments
The U.K. Department for Work and Pensions is investigating distributed ledger technology as a way to boost its payments systems.
UK Announces 'Dirty Money' Crackdown, Including Tougher Crypto Regime
The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include a new regime for crypto assets.
