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Malaysian Ministry Suggests Making Crypto Legal Tender To Promote It Among Youth
21.3.2022
In a bid to enhance the financial inclusion of young people, the Malaysian Ministry of Communications and Multimedia has proposed to the country’s authorities to designate cryptoassets as Malaysia’s legal tender.
Datuk Zahidi Zainul Abidin, Malaysia’s Deputy Communications and Multimedia...
Bitcoin-Friendly Portugal Welcomes Refugees From Ukraine’s Crypto Sector, Report Reveals
21.3.2022
With a war raging in their homeland, thousands of Ukrainians, including many involved in the crypto space, have chosen Portugal as their new home. The country is an attractive destination, not only because of its warmer climate but also its relatively affordable cost of living and crypto-friendly...
Binance Informs Canadian Regulator It’s ‘Committed’ to Ceasing Crypto Trading Services in Ontario
21.3.2022
Cryptocurrency exchange Binance has informed the Ontario Securities Commission (OSC) that it is committed to ceasing opening new accounts for Ontario residents and winding down certain services to comply with regulations. Binance Promises to Increase Efforts to Comply With Regulation Cryptocurrency...
US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade Sanctions
20.3.2022
The U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just using cash,” a senior Treasury official noted. Treasury Department’s View...
Facebook Owner Meta Sued for Publishing Scam Crypto Ads by Australian Regulator
20.3.2022
The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for “publishing scam advertisements featuring prominent Australian public figures.” The regulator said, “The essence of our case is that Meta is responsible for these...
Ron Paul Cautions Government Could Still Ban Bitcoin — Says He’s Influenced ‘a Whole Lot’ by History
20.3.2022
Former U.S. Congressman Ron Paul says he still believes that the government could outlaw bitcoin mainly because he is “influenced a whole lot by history and the gold history.” Despite his warning, Paul stressed that crypto “should be obviously permitted.” Ron Paul...
Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges
19.3.2022
Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with restrictions imposed by the country’s central bank under the current martial law. Leading Bank in Ukraine...
European ‘MiCA’ regulation on digital assets: Where do we stand?
19.3.2022
With the MiCA regulation, the European Union is getting specific legislation for crypto assets that is harmonized across EU member states
Dubai’s New Virtual Asset Regulator Licenses Crypto Exchanges Binance, FTX
19.3.2022
Dubai’s Virtual Asset Regulatory Authority has licensed two cryptocurrency exchanges: Binance and FTX. The regulator was formed last week when Dubai approved its first law to regulate crypto assets. Dubai Licenses Binance and FTX Cryptocurrency exchanges FTX and Binance have been licensed...
US Senators Introduce Crypto Sanctions Bill — Expert Says It’s Overbroad, Unconstitutional
19.3.2022
U.S. Senator Elizabeth Warren and 10 other lawmakers have introduced the “Digital Asset Sanctions Compliance Enhancement Act of 2022.” The bill “would place sweeping restrictions on persons who build, operate, and use cryptocurrency networks even if they have no knowledge...
Argentinian Regulator to Propose Anti-Money Laundering Measures for Crypto Firms
18.3.2022
The Argentinian anti-money laundering regulator is reportedly working to force cryptocurrency firms to report their movements and take AML measures on Argentinian soil. The regulation for this purpose might be ready for approval this year, according to local media. This could be the consequence...
Argentinian Senate Passes USD 45B IMF Debt Deal That Discourages Crypto Use
18.3.2022
The Argentinian Senate, the upper chamber of the country’s parliament, has voted to approve a USD 45bn debt deal with the International Monetary Fund (IMF) in a move designed to prevent Argentina’s default....
Read More: Argentinian Senate Passes USD 45B IMF Debt Deal That Discourages Crypto Use
Sberbank, Others Granted Right to ‘Issue & Exchange’ ‘Digital Financial Assets’ in Russia
18.3.2022
Russian regulators appear to be fast-tracking domestic companies’ efforts to become home-grown token exchanges – with the Central Bank approving the banking and IT giant Sberbank’s application to become an official “digital financial assets” (DFA) issuer.
Back in January, Sberbank asked...
EU Regulators Warn Crypto Unsuitable as Investment or Means of Payment for Most Retail Consumers
18.3.2022
Several European regulators have issued a joint warning on crypto assets. “These assets are not suited for most retail consumers as an investment or as a means of payment or exchange,” they stressed. EU Supervisory Authorities Warn About the Danger of Investing in Crypto Assets Three...
8 US Lawmakers Urge SEC to Stop Crippling Crypto, Stifling Innovation
17.3.2022
Eight U.S. lawmakers have sent a letter to the chairman of the U.S. Securities and Exchange Commission (SEC) regarding how the agency collects information from crypto companies. According to the crypto community, the SEC’s “requests” for information “are overburdensome...
US lawmakers introduce bills that could force crypto exchanges to cut ties with Russian wallets
17.3.2022
Brad Sherman said the Biden administration should have the ability to tell crypto exchanges not to do "business with Russia-based crypto wallets" amid the situation with Ukraine
US lawmakers discuss crypto’s role in sanctions, national security, and humanitarian aid
17.3.2022
“Overattributing cybercrime to cryptocurrency misses critical causes and preventive measures which can be taken,” said former FinCEN acting director Michael Mosier
How blockchain intelligence can prevent Russia from evading sanctions
17.3.2022
Head of International Policy at Chainalysis explains why crypto is not a silver bullet for evading international sanctions
Elizabeth Warren Strikes Again, Ripple Promises XRP 1B in Grants + More News
17.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Elizabeth Warren Strikes Again, Ripple Promises XRP 1B in Grants + More News
New Hampshire hopes its express approval of crypto-friendly law will attract new business
17.3.2022
A New Hampshire bill would commit the state to a new UCC section before finalization to show its commitment to the blockchain industry