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State Bank of India Introduces UPI Integration for Digital Rupee


India's largest public sector bank, State Bank of India (SBI), has introduced UPI (Unified Payments Interface) interoperability with Digital Rupee, India’s Central Bank Digital Currency (CBDC). Currently, there are 300 million UPI users and 500 million merchants who use UPI to accept money...

Colorado DMV Accepts Crypto Payments Through Paypal


The Colorado Department of Motor Vehicles (DMV) has announced it accepts cryptocurrency for its online services via the payment processor Paypal. Besides paying local taxes with coins, residents of the crypto-friendly state will be able to use their digital cash to renew driver’s licenses...

Tornado Cash Indictments May Prove to Be Just a Localized Storm After All


The Tornado Cash indictments could be another tipping point for crypto. How the case plays out could define how the federal government can deal with decentralized trading platforms if they’re seen as broad precedents. But the case may be much more straightforward than initial reactions suggested

FTX Founder’s Expert Witnesses Face Exclusion in Fraud Trial


The U.S. Department of Justice filed a motion on Monday seeking to bar all seven of Sam Bankman-Fried’s proposed expert witnesses from testifying in the former FTX CEO’s upcoming fraud trial. Federal prosecutors cited issues with the witnesses’ reliability and accused them...

SEC Charges Former US Correctional Officer With Fraudulent Crypto Token Sale


The U.S. Securities and Exchange Commission said on Aug. 23 that it had charged a former New Jersey correctional officer “with fraudulently raising funds through the unregistered offering of the blazar token.” The Commission said the correctional officer’s scam was primarily...

Over 40 Heads of State Will Attend BRICS Summit, South Africa Confirms


South Africa, the host of the BRICS summit this year, has confirmed that more than 40 heads of state will participate in the summit that will take place on Aug. 22-24. South Africa has also claimed that 23 countries have formally applied for BRICS membership. 40+ Heads of State to Participate...

Sam Bankman-Fried Is Now in Jail


It’s a bit of a truism in journalism that any headline that ends in a question that can be answered with “yes” or “no” will usually be answered with “no.” A few weeks ago, however, I asked “Is Sam Bankman-Fried Going to Jail?” and in a rejection of that truism, the answer was “yes.”

Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens


The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated” will have to meet certain requirements. Singapore...

Run4Win (New Online Casino): Start Playing Your Favorite Games


The brand new Run4Win Casino was launched into the casino industry in May 2023 and has grabbed the attention of all audiences with its great game selection and state-of-the-art features. Here you will find many exciting promotional rewards for beginner … Continued The post Run4Win (New Online...

Campaign-Finance Charges Are Back on the Menu


I didn’t really have anything prepared to write about this week but the Department of Justice is on it. Prosecutors told the judge overseeing Sam Bankman-Fried’s criminal trial that they intend to fold campaign finance allegations into a wire fraud charge, after announcing they would have to drop...

Blockchain․com Obtains Payment License in Singapore


Crypto company Blockchain․com has been granted a payment license in Singapore that will enable it to provide regulated services for digital assets. The authorization in the city-state, which is a major trading hub for the platform, is part of its efforts to comply with local regulations in...

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