Ministry of Finance
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Federal Reserve 2022 Audited Financial Report: Remittances to Ministry of Finance Predicted to Reach Billions
It is reported that the Federal Reserve issued its audited financial report for 2022. The financial report shows that remittances to the Ministry of Finance will reach $76 billion
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Russian Ministry of Finance advocates criminal penalties for encrypted mining
On March 16, it was reported that recently, the Russian Encryption Industry and Blockchain Association (RACIB) wrote to Anton Siluanov, Minister of Finance, requesting clarification of the department’s position and measures on encryption. It is understood that the Ministry of Finance advocates criminal penalties for citizens and entrepreneurs engaged in encrypted mining. Alexei Moiseev, Deputy Minister of Finance of the Russian Federation, previously stated that it was necessary to amend the criminal law and provide for penalties for underground mining. The Russian Encryption Association requires the Ministry of Finance to clarify regulatory measures for encryption Analysis based on this information:The Russian Encryption Industry and Blockchain Association (RACIB) recently wrote to Anton Siluanov, Minister of Finance, requesting clarification of the department’s position and measures on encryption. It is understood that the Ministry of Finance advocates criminal penalties for citizens and entrepreneurs engaged in encrypted mining. Alexei Moiseev, Deputy Minister of Finance of the Russian Federation, previously stated that it was necessary…
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Biden’s plan to strengthen supervision over large banks
On March 13, US President Joe Biden said that he was pleased that the Ministry of Finance had quickly solved the problem of banks in Silicon Valley, and would continue to pursue the responsibilities of the relevant parties that caused the chaos, and planned to continue to strengthen the supervision of large banks. Biden: Relevant parties responsible for the “chaos” of banks in Silicon Valley will be investigated, and the supervision of large banks will be strengthened Analysis based on this information:In a recent statement by US President Joe Biden, he expressed satisfaction regarding the swift actions taken by the Ministry of Finance to resolve issues with banks in Silicon Valley. However, he emphasized that this was not the end of the matter and that the relevant parties responsible for causing the chaos would be held accountable. Furthermore, he outlined his plans to strengthen the supervision of large banks in the country. The fact that Biden expressed his approval of…
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US Treasury Secretary Yellen Monitoring Banks after Silicon Valley Incident
According to reports, US Treasury Secretary Yellen said that the Ministry of Finance was monitoring several banks due to the bank incident in Silicon Valley.<b…
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Brazilian Government to Issue Decree to Supervise Cryptocurrencies
It is reported that the Brazilian government is preparing to issue a decree to fill the gap left by the recently approved cryptocurrency law. This document is …