Page 5 - Chris Brummer News Today

Meet the candidates for Portland City Council this May, Local News, Portland local News, Breaking News alerts for Portland city.

Please join the Georgetown Law’s Institute of International Economic Law and the International Monetary Fund for our virtual event “Celebrating Black History: An international view of the past, present, and future”, on Friday, February 25, 8:00 – 9:00 a.m. ET. In celebration of Black History Month, the World Trade Organization’s (WTO) Director General Dr. Ngozi […]

PayPal has appointed a special council to act as its advisory on the subjects of digital currencies, cryptocurrencies, as well as blockchain technology. The team has six members including Neha Narula, Peter Briger, and Antoinette Schoar among others.

The fintech company is launching its first Blockchain, Crypto and Digital Currencies advisory council.

The payments firm said the addition of six members to its Blockchain, Crypto and Digital Currencies advisory council would help support its current and future products as well as its goal of creating a more inclusive digital financial ecosystem.

Stabilizing stablecoins and paving the way for a coordinated and collaborative regulatory approach to cryptocurrencies should become the key focus of American regulators -- and bank regulation could provide stablecoin holders with more confidence and security, according to Michael J. Hsu, Acting Chief of the U.S. Office of the Comptroller of the Currency (OCC).

Among the 327 people who have sat on the governing board of financial regulatory agencies, only 10 have been Black.

Dan Schulman shared his perspectives on going beyond financial inclusivity and boosting financial health through technology.

Digital currency, startups, and other fintech resources could create more banking and lending opportunities for minorities.

Internal Revenue Service (IRS). “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” the Treasury said in a press release. “Within the context of the new financial account reporting regime, cryptocurrencies and cryptoasset exchange accounts and payment service accounts that accept cryptocurrencies would be covered. Further, as with cash transactions, businesses that receive cryptoassets with a fair market value of m...