Tag: Government

US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus

US Government Prediction: Economy Faces 10-Year Recovery, Trillion Loss From Coronavirus The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $ 8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a […]

UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief

UK Government Seizes 5 Million From Dormant Bank Accounts for Crisis Relief The UK government is seizing funds in dormant bank accounts worth approximately $ 185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, […]

Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus

Swiss Government Rejects 3 Million Bailout for Crypto Companies Battered by Coronavirus Switzerland’s government has rejected a 100 million franc ($ 103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding package in April. He planned […]

Switzerland’s Famed “Crypto Valley” Seeks $103 Million Government Bailout

Switzerland’s Famed “Crypto Valley” Seeks 3 Million Government Bailout Switzerland’s “crypto valley” is asking the government for 100 million Swiss francs ($ 102.7 million) in funding, local media reported. The once flourishing Swiss cryptocurrency industry is struggling to survive following the withdrawal of private equity investors. About 80% of 203 […]

Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation

Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for […]

$2 Trillion for Surveillance Capitalism – US Government Promises $1,200 to Every American

Trillion for Surveillance Capitalism – US Government Promises ,200 to Every American On Wednesday, U.S. Congressional leaders had seemingly come up with a stimulus deal at around 1 a.m. EST. The package will cost upwards of $ 2 trillion and politicians are promising direct payments of $ 1,200 per American […]

Indian Government Engages RBI to Discuss Cryptocurrency Regulation

Indian Government Engages RBI to Discuss Cryptocurrency Regulation The government of India is reportedly discussing a regulatory framework for cryptocurrencies with the central bank, the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (SEBI). Furthermore, the government is awaiting the outcome of another cryptocurrency case […]