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Kenya's Crypto Crowd Hopes President-Elect Will Be Better Than Predecessor
17.8.2022
Kenya President-Elect William Ruto is "assumed" to be a better hope for the crypto community in Kenya than the losing candidate Raila Odinga, according to local crypto experts
Crypto.com Exchange Registers With UK Financial Regulator
16.8.2022
The crypto exchange has faced past heat over advertisements from the FCA
SEC Files Complaint Against Dragonchain for Unregistered Initial Coin Offering
16.8.2022
The complaint alleges blockchain startup Dragonchain failed to register more than $16 million in crypto asset securities
Congress Must Decide How Cryptos Should Be Regulated, Former CFTC Commissioner Says
16.8.2022
Dawn Stump joined CoinDesk TV’s “First Mover” to discuss crypto regulation and why Congress may need to step in
Fed Reminds Banks to Check for Legal Permissibility Before Offering Crypto-Related Services
16.8.2022
The Federal Reserve published an open letter Tuesday, signed by Director of Supervision and Regulation Michael Gibson and Director of Consumer and Community Affairs Eric Belsky, directing Fed-supervised banks to make sure they check that any crypto-related activities they want to undertake...
IRS to Serve Summons to Crypto Dealer SFOX Looking for Possible Tax Evaders
16.8.2022
The IRS can serve a "John Doe" summons on crypto prime dealer SFOX, a court ruled Monday, allowing the tax agency to ask SFOX to provide details on any customers who transacted over $20,000 between 2016 and 2021
Tornado Cash Sanctions Are Spiraling Into Compliance Nightmares
16.8.2022
Crypto privacy mixer Tornado Cash drew attention last week after the U.S. Treasury Department sanctioned the service last week. The implications of complying with the sanctions are starting to sink in with the rest of the industry, raising questions about just what compliance looks like
Tornado Cash US Ban Is ‘Bad Precedent,’ but Monero Was ‘Made for This’: Cake Wallet Exec
16.8.2022
Justin Ehrenhofer, vice president of operations at Cake Wallet, joined CoinDesk TV’s “First Mover,” to discuss the implications of the government regulation when it comes to privacy coins
Tornado Cash shows that DeFi can’t escape regulation
16.8.2022
DeFi developers seriously need to consider working with regulators on compliance issues if they want their projects to succeed
Coin Center Says OFAC’s Tornado Cash Ban ‘Exceeds Statutory Authority,’ Plans to ‘Engage’ With US Watchdog
16.8.2022
On August 15, the non-profit that focuses on policy issues facing crypto assets, Coin Center, published a blog post that says the organization is looking at the legality of the recent Tornado Cash sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC)....
UN Agency Urges Authorities to Curb Cryptocurrency Expansion in Developing Countries
16.8.2022
A United Nations trade body has recommended a set of policy actions to “curb the expansion of cryptocurrencies in developing countries.” The intergovernmental group stressed that if cryptocurrencies become a widespread means of payment, it could jeopardize the monetary sovereignty...
Huobi to End Crypto Derivatives Trading in New Zealand
16.8.2022
The Seychelles-based cryptocurrency exchange cited "local compliance policies" as the reason for blocking margin-traded products, options and exchange-traded products to users in New Zealand starting next week
US Fed Opens Pathway for Crypto Banks to Tap Central Banking System
15.8.2022
The Federal Reserve announced it was publishing its final guidance for novel financial institutions, such as Wyoming trust entities, to access its "master accounts," something these firms need to participate in the global payment system
Crypto Exchange Coinify Obtains Regulatory Approval to Operate in Italy
15.8.2022
The now-bankrupt crypto lender Voyager Digital acquired the exchange for $84 million in stocks and cash last August
Crypto Exchange Binance Receives In-Principle Approval to Operate in Kazakhstan
15.8.2022
Binance has obtained preliminary approval from the Astana Financial Services Authority to operate a digital asset trading facility and provide custody in Kazakhstan
Gate.io's Hippo Financial Obtains Hong Kong Crypto Custody License
15.8.2022
Gate.io group's Hippo Financial Services received a Trust or Company Service Provider license that means it can now provide virtual asset custodial services in Hong Kong
Binance CEO’s Warning About Wazirx Wallets, Nigerian EFCC on Naira Depreciation, O’Leary Buys the Dip — Bitcoin.com News Week in Review
14.8.2022
Another week has passed and developments in the Binance-Wazirx controversy continue, Nigeria’s Economic and Financial Crimes Commission (EFCC) claims it has identified individuals fueling the naira’s depreciation, Shark Tank star Kevin O’Leary says crypto “desperately...
Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor
14.8.2022
The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also revealed that two fintech startups had been admitted into the central bank’s...
Bank of Russia Aims for Full Launch of Digital Ruble in 2024
14.8.2022
The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the 2023 – 2025 period. As the development of the state-issued digital currency continues, the monetary...
Bitcoin’s Mathematical Monetary Policy Is Far More Predictable Than Gold and Fiat Currencies
12.8.2022
This past April, records show that 19 million bitcoins have been mined into existence and 133 days later, there are 1.88 million bitcoins left to mint today. The network’s block subsidy halving is expected to occur on or around April 20, 2024, as there are less than 91,000 bitcoins left...