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BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’
10.7.2023
A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money
An Orb, a Token and Money for Everyone: Worldcoin’s CEO on Crypto’s Most Daring Project
10.7.2023
Alex Blania on collaborating with Sam Altman on a universal basic income for eight billion people
Lawyer Outlines What Would Happen if SEC Wins Lawsuit Against Ripple Over XRP
9.7.2023
A lawyer has outlined what he believes to be the most likely outcome if the U.S. Securities and Exchange Commission (SEC) wins against Ripple Labs and XRP is declared a security. He expects Ripple to appeal if the SEC wins, warning: “If Ripple loses to the SEC, there won’t be...
The Real Use Case for CBDCs: Dethroning the Dollar
7.7.2023
Central bank digital currencies will revolutionize how companies settle international trade and reduce the need for greenbacks in the world economy, says Michael Casey
Twitter Gains Money Transmitter Licenses in Three States, Takes Steps Towards Becoming an All-in-One ‘Everything App’
6.7.2023
Twitter made an announcement on July 5, revealing that it has been granted money transmitter licenses by three states: Missouri, Michigan, and New Hampshire. These licenses are a part of Twitter’s endeavor to secure money transmitter licenses in all 50 U.S. states. With these recent...
Report: Namibian Parliament Passes Crypto Regulation Bill
6.7.2023
The Namibian parliament recently passed a bill that aims to establish a regulatory regime for cryptocurrencies. According to the Namibian Finance Minister, safeguarding the interests of consumers and combating market abuse are some of the reasons why parliament has taken this step. Mitigating Money...
Twitter receives money transmitter licenses in three US states
5.7.2023
Michigan, Missouri, and New Hampshire have granted money transmitter liscenses to Twitter Payments LLC, leaving 47 U.S. states yet to weigh in
US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’
5.7.2023
Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for coercion” and detailed that there was no legal way...
How Central Bankers Are Reshaping the Definition of Money
3.7.2023
Central bankers acknowledge that the nature of money evolves with technology, shifting definitions of money with it. But they’re not ready to let innovation occur organically as technology emerges. They want to maintain control, says Noelle Acheson
FTX Files Lawsuit Against Ex-Compliance Chief Friedberg Over Alleged 'Hush Money' Payments
29.6.2023
Defunct crypto exchange FTX’s lawyers are suing the company’s former compliance chief officer Daniel Friedberg for paying off insiders who threatened to reveal the exchange's illegal activities.
The lawsuit alleges that the former compliance chief served as a "fixer," paying "exorbitant hush...
Alleged Admin of Darknet Marketplace Monopoly Market Extradited to US
29.6.2023
The suspected administrator of the Monopoly Market darknet marketplace has been extradited from Austria to face charges in the U.S. The man, a citizen of Serbia and Croatia who was arrested in Vienna last November, has been accused of facilitating $18 million in illegal drug transactions using...
Russia’s Supreme Court: Criminals’ Bitcoin-to-Fiat Trades Constitute Money Laundering
29.6.2023
Russia’s Supreme Court has ruled that criminals’ Bitcoin (BTC)-to-fiat trades can be considered money laundering.
Per a report from the Russian legal affairs-focused media outlet RAPSI, the Supreme Court made the judgement in a case involving a citizen who sold narcotics to crypto-paying drug...
Robert Kennedy Jr Promises to Protect Your Right to Use and Hold Bitcoin as President
29.6.2023
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised to ensure that “your right to use and hold bitcoin is inviolable” if he is elected U.S. president. “Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward...
Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs
28.6.2023
While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go
FTX sues Dan Friedberg alleging he used ‘hush money’ to silence whistleblowers
28.6.2023
The lawsuit claims Daniel Friedberg made a series of payments to whistleblowers to stop them from exposing the "true fraudulent nature" of the exchange
Big Money on Big Names: FTX's Celebrity Spending Spree
27.6.2023
In a recent opinion piece, Bloomberg columnist Matt Levine delves into the extravagant spending habits of cryptocurrency exchange FTX, shedding light on the allure of celebrity endorsements and influential connections within the crypto industry.
According to Levine, FTX is perhaps the best example...
Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’: Report
26.6.2023
Thomas Jordan, head of the Swiss National Bank, announced the project at a conference in Zurich; bank still feels “prudent” about a retail CBDC, though
South Korean Court Rules That Bitcoin ‘Is Not Money’ – And Crypto’s Not Subject to Interest Rate Rules
26.6.2023
A South Korean court has ruled that “Bitcoin (BTC) is not money,” and that “interest rate rules don’t apply” to business deals involving cryptoassets.
Per Hanguk Kyungjae, the ruling was made by the Seoul High Court’s Civil Division in a case involving two firms, both of which were unnamed...
Crypto travel rule implementation ‘remains relatively poor,’ says FATF
26.6.2023
The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation
Will BlackRock's Bitcoin ETF Take the Spirit Out of the Honey Badger?
23.6.2023
Financial advisors will want a simple story to tell