US Intelligence Chief Raises Concerns With SEC Over China’s Crypto Dominance:...
U.S. intelligence chief John Ratcliffe was reportedly seeking clearer regulation around digital currency.
Related News
The chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its digital renminbi. Sir Jeremy Fleming stated that the already existent Chinese CBDC could be used to collect information from users and, hypothetically, to control and filter global transactions.
UK Worried About Chinese CBDC Advancements
The chief of the Government Communications Headquarters (GCHQ), one of the biggest intelligence agencies in the U.K., has warned of possible negative effects on global transactions....
In Kongyu, Tibet, hydropower electricity is inexpensive, as are wages. And Chinese entrepreneurs are among the world’s most capable and least risk averse. This combination makes Kongyu in China’s western Sichuan province an ideal place for a bitcoin mining operation, as revealed by a Washington Post report. Chinese mines comprise about 70 percent of the world’s bitcoin processing power. Chinese factories produce the cheapest microprocessors that run the mines. Chinese bitcoin exchanges represent a similar portion of global bitcoin trading. Is such dominance good or bad for bitcoin’s....
The Reserve Bank of India will be working along with the government to address concerns voiced by the country's intelligence agencies regarding potential misuse of Bitcoin and other virtual currencies. Bitcoin in India has been at the receiving end of a mixed response. The country’s central bank — Reserve Bank of India has grown to like the digital currency, whereas the intelligence agencies in the country are becoming more and more concerned about its potential illegal uses. The Bitcoin community in the country is rejoicing, following some of the latest developments in the sector. As more....
On Monday, the blockchain intelligence firm Elliptic announced the company has raised $60 million in a Series C financing round. Elliptic plans to leverage the capital to expand the team and “accelerate” blockchain research and development (R&D).
Elliptic Raises $60 Million to Bolster Expansion
There’s been a number of capital investments and finance injections directed at companies within the crypto ecosystem. On October 11, the blockchain surveillance company Elliptic revealed the firm has raised $60 million from strategic investors. Elliptic highlights....
"This bill holds China accountable as they introduce their new digital currency,” said Senator Bill Cassidy. Nine Republican senators have backed legislation aimed at directing the policy of U.S. government agencies around concerns that China’s digital yuan may be used to circumvent sanctions and compromise users' personal information.In a Wednesday announcement, Louisiana Senator Bill Cassidy and Tennessee Senator Marsha Blackburn, backed by seven other Republican senators, proposed the Say No To the Silk Road Act — a bill that would require certain government agencies to report on....