Bitcoin News and Finance: What You Need to Know

The G20 finance ministers and central bank governors have adopted the roadmap on crypto assets proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). “We call for swift and coordinated implementation of the G20 Roadmap,” the finance chiefs announced at their latest meeting. G20 Finance Chiefs’ Communique on Crypto Assets The G20 finance ministers and central bank governors convened in Marrakech, Morocco, on Oct. 12-13 where they discussed a range of topics, including crypto regulations. In their communique released at the end of the two-day meeting, the G20 finance chiefs expressed their appreciation to the International Monetary Fund (IMF) and the Financial Stability Board (FSB) “for effectively putting together the IMF-FSB Synthesis Paper which the [G20] leaders welcomed in the G20 New Delhi Declaration.” The IMF and the FSB published their synthesis paper titled “Policies for Crypto Assets” in September. “We adopt the Roadmap proposed in ...

JPMorgan Chase CEO Jamie Dimon has warned of “the most dangerous time the world has seen in decades.” The executive explained that “the war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships.” Jamie Dimon’s Latest Warnings The chairman and CEO of JPMorgan Chase, Jamie Dimon, issued a warning during the release of his company’s third-quarter 2023 earnings results that the world may be encountering the “most dangerous time” in decades. “The war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships,” the JPMorgan boss detailed, emphasizing: This may be the most dangerous time the world has seen in decades. While insisting that “U.S. consumers and businesses generally remain healthy,” Dimon cautioned that “persistently tight labor markets as well as extremely high government...

Ripple’s chief legal officer says the U.S. needs to ”stop elevating politics over sound policy.” Noting that countries and regions outside of the U.S., such as Singapore, the U.K., the EU, and Japan, welcome crypto businesses, he emphasized: “I think we need a rational regulatory framework.” Moreover, he stressed that certain regulatory agencies in the U.S. are fighting over the control of the technology rather than focusing on the right policy outcome. ‘We Need a Rational Regulatory Framework’ Ripple’s chief legal officer, Stuart Alderoty, discussed U.S. cryptocurrency regulation on social media and in an interview with CNBC this week. He wrote on X Thursday: We need to stop elevating politics over sound policy in the US, and look to the way that Singapore, UK, EU, & Dubai have set clear frameworks and licenses. No wonder crypto innovation is thriving in these regions. Alderoty explained on CNBC that countries and regions outside of the U.S. have “rational” crypto regulatio...

The government in Washington is reportedly considering further limiting China’s access to U.S. processors used in artificial intelligence (AI) applications. The current restrictions, which were introduced last year, allow Chinese companies to source the chips through overseas subsidiaries. Washington Seeks to Further Curb Chinese Access to American AI Chips, Sources Say The administration of President Joe Biden may broaden the curbs on the shipments of U.S. semiconductors used for AI to Chinese companies to include their units abroad, Reuters reported on Friday, quoting people familiar with the matter. The measures announced in 2022 sought to thwart Beijing’s military advances by preventing the supply of American AI chips and chipmaking tools to China. However, the initial restrictions did not cover overseas subsidiaries of Chinese firms. This meant they could still be imported into the People’s Republic or accessed remotely by China-based users, the report noted. However, the lo...