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FameEX Morning Crypto News Recap | September 20, 2023

2023-09-20 12:29:45

Economist Peter Schiff Sounds Alarm on 'Impending Catastrophe' and Potential US Dollar Collapse — States 'Day of Reckoning Approaches

Economist Peter Schiff has issued a dire warning about the U.S. economy, anticipating a catastrophic outcome. He predicts both a dollar crisis and a sovereign debt crisis, attributing these risks to the Federal Reserve's excessive money printing. Schiff believes that the impending day of reckoning is rapidly approaching, underscoring the severity of the situation.

Circle CEO Jeremy Allaire Believes Stablecoin Bill Is Unlikely to Pass as Law

Circle CEO Jeremy Allaire doubts the prompt passage of a stablecoin regulation law in the United States. Despite the consensus on the need for stablecoin regulation, he's skeptical that the 'Clarity for Payment Stablecoins Act,' recently proposed, will be enacted into law, as he discussed on the Unchained podcast with Laura Shin.

Voters in Four Swing States Express Disapproval of Anti-Crypto Presidential Candidates

A voter poll conducted in New Hampshire, Nevada, Ohio, and Pennsylvania revealed that 55% of participants would be less inclined to support a presidential candidate who opposes Web3 technology. This indicates that a significant portion of voters in these states consider a candidate's stance on Web3, blockchain, and decentralized technologies when making their political decisions.

Indian State Governments Drive Blockchain Adoption in Public Administration

In India, multiple local and state governments have embraced blockchain technology in various initiatives, including data management systems and the issuance of verifiable certificates. These endeavors demonstrate a growing trend of blockchain adoption within the country's public administration sector, showcasing the technology's potential to enhance transparency and efficiency in government operations.

Thailand Plans to Impose Taxes on Overseas Income, Including Income from Cryptocurrency, Starting Next Year

Thailand is set to impose personal income tax, including on foreign assets like cryptocurrency, for individuals residing in the country for up to 180 days, starting from January 1, 2024. The Bangkok Post reported on September 19 that the first tax forms, covering overseas income, will be issued in 2025, marking a significant change in Thailand's tax regulations for residents with foreign assets.

German Cryptocurrency Regulator Advocates for Global Regulations Covering Niche Financial Centers

Although the European Union has taken substantial steps in crypto regulation with the approval of the Markets in Crypto-Assets (MiCA) framework, a senior official from the German Federal Financial Supervisory Authority (BaFin) underscores the continued importance of global cryptocurrency regulations, particularly for addressing issues related to niche financial centers and ensuring comprehensive oversight of the crypto market.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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