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Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring

8.11.2021
The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back...

China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets

7.11.2021
China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China (PBOC). In addition, the government digital wallet has been downloaded by about...

The Ethereum Premine Debate On Fairness, Regulation, and Centralization

7.11.2021
You may not be aware of this, but back in July 2014, Ethereum (ETH) had a premine in which around ETH 60m (worth around USD 272bn now) tokens were sold for a total of USD 18.3m, while 12m was kept aside for early contributors and the Ethereum Foundation. At ETH 72m, this total accounts for around...

Acting CoC Hsu: More crypto regulation is needed

5.11.2021
The regulator singled out Binance and Tether as allegedly risky players in the blockchain space

Jack in the Box claims in court FTX US ripped off its character to create 'Moon Man'

5.11.2021
The filing shows FTX refused to stop using its mascot, claiming “Jack in the Box has only narrow protection limited to the behatted ping pong‐headed clown who exploded out of a box to sell burgers.”

The stablecoin scourge: Regulatory hesitancy may hinder adoption

5.11.2021
U.S. Treasury’s recommendations, if adopted, could hinder stablecoin innovation in the near future, but in the long run, they might be a boon

Kazakhstan Imposes Purchase Limits on Retail Crypto Investors

5.11.2021
Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges. Officials explained the decision citing the need to protect private individuals from exposure to the risks associated with digital financial assets. Investors...

Indian Payments Giant Paytm Could Offer Bitcoin Services if Government Makes Crypto Legal, Says CFO

5.11.2021
Paytm, one of India’s largest payments companies, is open to offering bitcoin services if the crypto asset becomes legal in the country, according to its chief financial officer. If bitcoin “was ever to become fully legal in the country, then clearly there could be offerings we could...

US Lawmakers Urge SEC to Permit Trading of Bitcoin Spot ETFs

5.11.2021
U.S. lawmakers have called on the Securities and Exchange Commission (SEC) to approve bitcoin spot exchange-traded funds (ETFs). Since the SEC has approved the trading of bitcoin futures ETFs, the lawmakers said it “should no longer have concerns with bitcoin spot ETFs and should show...

US Senator Proposes Congress Adopt Cryptocurrency for Payments

5.11.2021
U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said. Senator...

Hawkish Fed comments and fears of stablecoin regulation spark market sell-off

4.11.2021
BTC, ETH and altcoins saw a slight pullback a day after the Federal Reserve signaled that its monetary policy is subject to cool off soon

NYC and Miami mayors duke it out on Twitter over who is the bigger crypto advocate

4.11.2021
"I look forward to the friendly competition in making our respective cities a crypto capital," said recently re-elected Miami Mayor Francis Suarez

Why Bitcoin bears are trying to keep BTC price below $62K for Friday’s options expiry

4.11.2021
Bitcoin price dropped to $60,700 today and bears are keen to pin the price under $62,000 in order to profit from Friday’s options expiry

India’s top payment firm Paytm reportedly considers Bitcoin services

4.11.2021
In India, the regulatory environment surrounding Bitcoin is still in a "grey area."

Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages

4.11.2021
Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power supply for the industry and population, calling for urgent legal regulation of the expanding...

Iran Blockchain Association Offers Help With Crypto Regulations, Says Regulators Are Not Qualified

4.11.2021
The leading crypto industry association in Iran has slammed authorities for their passive stance regarding crypto regulation. The government’s inaction is a source of concern, the organization said, offering its assistance to regulators whom it considers not sufficiently qualified to deal...