Features Crypto News by Thebittimes.Com

The US president, Donald Trump, is now working on a different agenda. As the president worked up measures to bolster the US economy via a stringent tariff policy, he is now on the path towards introducing another groundbreaking economic element. This element is packaged in the form of a comprehensive economic bill, dubbed as “one big beautiful bill” by the president himself. The bill included comprehensive budget details, including cuts to Medicaid and SNAP benefits and an increased defense budget. However, this bill also poses a threat to the US debt ceiling and may end up boosting the debt by nearly $5 trillion. This measure has divided the banks and associations, with some calling this bill a boon, while others are labeling it as unsustainable and messy. Also Read: Fed Chair Powell: Banks are Free to Engage in Crypto Activities Banks That Support This Bill Source: Watcher.Guru Trump’s Big Beautiful Bill has started to divide the banking entities already, with major banks ...

Join Our Telegram channel to stay up to date on breaking news coverage Mastercard, one of the largest financial institutions globally, is planning to launch a program to assist financial institutions that want to offer cryptocurrency trading services to their clients. Mastercard has made several moves to support its foray into the crypto industry . Mastercard to allow financial institutions to offer crypto services The financial services company plans to serve as a “bridge” between the Paxos cryptocurrency trading platform and banks. The goal of the partnership is to provide regulatory compliance and security services. The lack of regulatory clarity and security has been named the main reason banks avoid the asset class. The chief digital officer at Mastercard, Jorn Lambert, said that many consumers were interested in the crypto sector and more likely to venture into the space if traditional financial institutions offer these services. “There’s a lot...

Source: the Hong Kong Monetary Authority The authorities of China’s Hong Kong Special Administrative Region are expected to present a policy statement on the development of the city’s digital assets market at the forthcoming Hong Kong Fintech Week event.  “The policy statement will make our policy stance on virtual assets clear to the global markets. It will also demonstrate our commitment and determination to explore financial innovations together with the global virtual-assets community,” Hong Kong Secretary for Financial Services and the Treasury Christoper Hui Ching-yu told local paper China Daily. The conference is scheduled to be held between October 31 and November 1, hosting a number of debates between local government officials, executives, and industry observers, as indicated by the event&rsquo ;s agenda.  The conference is expected to accommodate more than 500 representatives of financial institutions from across the world...