A new bill introduced in the United States Congress aims to re-create the convenience and privacy of cash in digital form by establishing a digital dollar. The Electronic Currency and Secure Hardware Act, or simply the ‘ECASH’ act, would direct the Treasury Department, not the Federal Reserve, to develop and...
President Joe Biden announced sanctions on Russian crude oil [https://www.nytimes.com/2022/03/08/world/europe/biden-bans-russian-oil.html] on March 8. The formal embargo comes in the wake of rising gas prices in the US, as an increasing number of corporations refuse to import Russian crude. The Cost...
More and more multinational companies are suspending their services in Russia in response to President Putin’s invasion of Ukraine. Brands like McDonald’s, Shell, and PepsiCo, which had built relationships with the country over decades are now abruptly exiting the country whether due to their own corporate responsibility standards...
Ukraine's central bank and government are accepting donations through crowdfunding to help the country's armed forces. The country’s official website directs donors to wire contributions to the State Export-Import Bank or State Treasury Service. The National Bank of Ukraine has even created a dedicated account [https://bank.gov.ua/...
> We want to make sure young people never start smoking, so we will make it an offence to sell or supply smoke tobacco products to new cohorts of young people. People aged 14 when the law comes into effect will never be able to legally purchase tobacco. - Dr. Ayesha...
The President of El Salvador, Nayib Bukele, has announced the country's plans to build a “Bitcoin City.” Built near the Conchagua volcano in southeastern El Salvador, the city will use geothermal power to support crypto mining and include all the amenities expected from a standard metropolis. The city will not...
