Regulators

OP-ED BY SEAN MICHAEL BREHM, CHAIRMAN OF SPECTRAL CAPITAL (FCCN):

Crypto, Regulation, and the Path Forward: Bridging the Gap with Visionary Innovation The FDIC's tough stance on crypto banking has sparked a debate. It highlights a bigger problem. There needs to be more custodianship and accountability in a new but promising sector. Crypto needs clear rules to thrive, and banks need certainty to innovate. But, regulatory overreach or underreach risks derailing progress. We are at a critical juncture where innovation and trust must align. The FDIC's hesitation reflects real concerns about volatility and fraud in crypto. But, it also exposes

Decentralized Edge and Quantum Computing and Unlocking Africa’s Economic Potential

Reporter:Before we start, Sean Michael Brehm is the Chairman of Spectral Capital Corporation. Spectral Capital lists the OTCQB market under the symbol FCCN. Thank you for joining us today, Sean. Africa is rich in resources and potential. Yet, it often sits on the sidelines of global markets. AStastica says the global commodities market will hit $121.2 trillion in 2024. It will grow to $136.8 trillion by 2029. There is rising interest in how advanced tech could help Africa. It could transform its economies. This includes decentralized edge computing and hybrid

Interview with Spectral’s Sean Brehm on DQLDB the Vogon Cloud.

Seattle WA, Nov 11, 2024 Spectral Capital (OTCQB: FCCN), FCCN Spectral Capital's Chairman, Sean Brehm shares insights into Spectral’s DQLDB and The Vogon Cloud. Spectral Capital Group a leading innovator in decentralized cloud technology and advanced quantum ledger solutions outlines its vision for Spectral’s Vogon DQLDB with Plato Data Intelligence's Bryan Feinberg. Bryan Feinberg:: "Sean, I saw your post on X about Vogon DQLDB and its potential to transform financial systems. You mentioned the importance of human identity at the heart of commercial and capital markets. Can you explain what

From Dominance to Compliance

Last Tuesday saw Binance settle its long-running legal disputes with several U.S. government agencies, including the Department of Justice (DoJ), the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and the U.S. Commodity Futures Trading Commission (CFTC). However, they failed to reach an agreement with the Securities and Exchange Commission (SEC) regarding their pending charges. As part of the settlement, Binance has agreed to pay an eye-popping fine of $4.3 billion. Furthermore, Changpeng Zhao (CZ), the CEO of Binance, will step down

Walking the Tightrope

As we stand on the verge of a new era in crypto, it’s crucial to reaffirm the importance of decentralization. Beyond being a mere aspiration, decentralization serves as the lifeblood of the crypto world, standing as the pivotal force that draws the line between freedom and control. Amidst the hype surrounding the impending approval of a spot Bitcoin ETF in the United States, accompanied by the influx of capital from behemoths like BlackRock, the immediate market surge raises a serious question for the future of crypto. Are people here for

The Tightrope of Regulation

In a significant move at the recent G20 meeting in India, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) released a joint paper outlining a framework for the global regulation of cryptocurrencies. While the proposals mostly tread familiar territory, what’s new is their conviction in crypto’s unstoppable growth and success. A flurry of optimism greeted the G20’s endorsement of the report because it advocates that countries don’t ban crypto. Hidden in its text, however, are some worrying signs. For example, on the first page, they state, “Widespread

United Nations Group Seeks Comments on Blockchain Voting Standards

Hosted by the New York - The United Nations (UN) Internet Governance Forum (IGF) Blockchain Assurance & Standardization Dynamic Coalition has distributed a suite of blockchain standards authored by the Government Blockchain Association (GBA) including standards for the use of blockchain technology in elections. The GBA Voting Working Group that developed the election standard is comprised of election officials, election systems vendors, and blockchain experts from around the world. They are driven by a desire to make elections trustworthy and accessible to all voters. According to Utah County Commissioner, Amelia

The Fight for Financial Freedom

As the grasp of regulators tightens on the global cryptocurrency market, exchanges such as KuCoin are being compelled to implement mandatory pre-purchase checks. In tandem, several prominent banks are limiting funds transferred to cryptocurrency exchanges under the guise of protecting customers from fraudulent activities. In the background, the Financial Action Task Force (FATF) is looming over these rapidly evolving regulations. The FATF underscores the significance of Know Your Customer (KYC), Know Your Business (KYB), Know Your Transaction (KYT), and Anti-Money Laundering (AML) regulations applicable to all financial transactions, cryptocurrencies included.

Stablecoins Under Scrutiny

Amidst the market’s recovery from the recent onslaught of SEC crackdowns, rumors swirl over the potential targeting of stablecoins in their crosshairs. Such a move could have profound implications for cryptocurrency prices, making it crucial to gauge the likelihood of this scenario and the approach regulators might adopt. The largest stablecoins by market cap are Tether’s USDT and Circle’s USDC. Both are pegged to the US dollar and backed by various assets, typically highly liquid instruments like US Treasury bills. In theory, when someone wants to buy stablecoins from an