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Marshall Islands Further Strengthen's Law That Made DAOs Legal Entities
30.10.2023
The Republic of the Marshall Islands has passed legislation that takes its already advanced law for decentralized autonomous organizations (DAOs) a step further
FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns
20.10.2023
The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed regulations aimed at increasing transparency around crypto mixing services. These services, the agency says, are used by terrorist organizations and state actors to obscure financial...
Coinbase: ‘Overwhelming Majority’ of Terror-Related Funding Still Funneled via Traditional Financial Systems
20.10.2023
According to Coinbase, an overwhelming majority of terror-related funding is still done via traditional financial systems. The crypto exchange suggested that terrorist organizations that do receive crypto funding normally use “offshore entities” when attempting liquidate such digital...
Crypto Aid Israel raises $185K, distributes aid to 4 organizations, in 10 days
19.10.2023
The organization is a collective of Israeli Web3 community members and international companies striving to alleviate suffering in the south of Israel
Vitalik Buterin: ‘I Haven’t Sold ETH for Personal Gain Since 2018’
19.10.2023
Vitalik Buterin has dismissed reports that he recently sold his crypto holdings and claimed to have not “sold ether for personal gain since 2018.” Buterin suggested to his followers that the reports often mistake his transfer of digital assets to charitable organizations as sales...
Russian Crypto Exchange Moves Money for Gaza Groups, Report
16.10.2023
Palestinian militant organizations, including a Hamas-linked Islamist group, have been using a Moscow-based crypto exchange to transfer millions, a press report revealed. The U.S.-sanctioned platform, which allows customers to convert Russian cash to crypto and then withdraw fiat abroad, has been...
Activist Crypto Investors Score $2.5M Bounty After Campaign on FloorDAO
6.10.2023
The so-called decentralized autonomous organization initially formed to focus on building products, but activist investors who showed up were more interested in the project's treasury
UK Online Safety Bill to Become Law Amidst Heavy Criticism From Civil Liberties Organizations
23.9.2023
The U.K. Online Safety Bill, a piece of legislation that seeks to make the country “the safest place in the world to be online,” has been signed by both houses of parliament and will become law soon. Several civil liberties organizations and activists have criticized it due to...
Philippines SEC Collaborates With International Organizations to Strengthen Crypto Enforcement Efforts
20.9.2023
The Philippines Securities and Exchange Commission (SEC) seeks to establish a joint regulatory framework around digital assets and to crack down on bad actors who engage in illicit crypto transactions.
The body has partnered with the United States SEC and the Asian Development Bank (ADB) to host...
Russia Considers Legalizing Defi DAOs to Draw Liquidity to Its Digital Assets Market
15.9.2023
The Finance Ministry in Moscow is pushing to legalize decentralized financial organizations to attract capital to Russia’s regulated market for digital assets. The department hopes this would allow some of the liquidity in the decentralized finance (defi) and crypto space to be invested in Russian...
11 Bitcoin blockchain metrics TradFi organizations should watch
14.9.2023
Tracking Bitcoin blockchain metrics can provide a window into the overall health of the crypto community
G20 Leaders Endorse FSB Recommendations for Crypto Regulation
11.9.2023
The G20 leaders have released their declaration following their summit in New Delhi. They endorsed the Financial Stability Board’s “high-level recommendations for the regulation, supervision, and oversight of crypto-assets activities and markets and of global stablecoin arrangements” and welcomed...
FTX Looking to Recover Millions Paid to Athletes and Sports Clubs
10.9.2023
Advisers working for FTX have analyzed if some payments made by the failed crypto exchange to sports stars and organizations can be returned. The money went to celebrity athletes, including basketball legend Shaquille O’Neal, and sports teams like the NBA’s Miami Heat and Formula 1’s Mercedes under...
What Are Smart Contracts? Unpacking Today’s Digital Agreements
10.9.2023
In the digital currency realm, smart contracts have enhanced the financial industry through tokenization, decentralized finance (defi) and other agreements in the form of self-executing code. But how exactly do they work? What benefits do they offer? Here’s a concise overview of smart...
IMF and FSB Release ‘Policies for Crypto Assets’ at G20 Request
9.9.2023
The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published their synthesis paper titled “Policies for Crypto Assets,” which was developed at the request of the Indian G20 Presidency. The global organizations “have set out a roadmap to ensure effective...
Legendary Investor Jeremy Grantham Predicts Inevitable US Recession, Challenges Fed’s Forecast
20.8.2023
A significant portion of investors and financial organizations surmise that the U.S. could avert a recession, but Jeremy Grantham, the co-founder of investment firm Grantham Mayo Van Otterloo (GMO), deems it inescapable. Grantham contends that the Federal Reserve’s optimistic prognosis...
23 Countries Apply for BRICS Membership as Leaders Prepare to Convene at Summit
9.8.2023
South Africa, the host of the BRICS summit this year, has published a list of 23 countries that have applied to become members of the economic bloc. Moreover, South African President Cyril Ramaphosa has invited 67 leaders and 20 representatives of major organizations to the BRICS summit. French...
Crypto Exchange Mango’s Legal Bills Swell, a Year After Alleged $116M Heist
7.8.2023
First the blockchain-based exchange was allegedly victimized by a market manipulator, and now it's having to spend big on lawyers to pursue suits and other remedies
Bolivia’s President Calls on South American Countries to Ditch US Dollar, Bolster Alliances With China and BRICS
6.7.2023
Bolivia’s President Luis Alberto Arce Catacora (Lucho Arce) has urged members and associated states of the Mercosur trade bloc to de-dollarize and establish stronger strategic alliances with international organizations, including the BRICS group. “We are experiencing a crucial moment...
UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic
4.7.2023
U.K. Finance, one of the largest finance membership organizations in the U.K., has issued its recommendations to the Bank of England regarding the issuance of a digital pound. The organization stated that individual holdings of the proposed central bank digital currency (CBDC) should be capped...