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ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks
30.7.2022
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their study follows an earlier proposal to limit digital euro deposits at the European Central Bank (ECB)...
Voyager Digital’s Clash With US Regulators Followed by Broader FDIC Warning
29.7.2022
The day after demanding Voyager Digital erase its claims that customers’ funds would get government protections, the U.S. Federal Deposit Insurance Corp. issued a broader warning to bankers that they need to keep their crypto partners in line
Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims
29.7.2022
Following Voyager Digital’s application for bankruptcy protection during the first week of July, Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board today issued a joint letter to the company demanding a cease and desist against Voyager’s FDIC claims....
Report: IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and Banks
29.7.2022
The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. The lender insisted the proposed central bank digital currency (CBDC) must “not...
US Government Bodies Blast Voyager’s 'False and Misleading Statements' On Deposit Insurance
29.7.2022
In another sign of dark clouds gathering over troubled crypto platform Voyager Digital, the US Federal Deposit Insurance Corporation (FDIC) and the board of the Federal Reserve (Fed), America’s central bank, have issued a joint letter in which they demand that the company cease and desist from...
Call for Creation of Common African Digital Currency, Kenyan Activists Turn to Crypto Funding, Ghana on the Brink
29.7.2022
In Bitcoin.com News’ inaugural newsletter featuring the biggest crypto and economic news stories from Africa, the head of an African regional central bank, Herve Ndoba, implores the bank’s board to introduce a common digital currency. At the same time, the regional bank warned that...
Foundry Digital Launches Logistics Arm to Advance Standards in the Cryptocurrency Mining Industry
28.7.2022
On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Currency Group (DCG), announced the launch of Foundry Logistics in order to advance standards in the cryptocurrency mining industry. The newly launched arm of the company plans to “bridge the gap between hardware...
Sango – The First Digital Monetary System Built on Bitcoin
28.7.2022
PRESS RELEASE. Sango, the Central African Republic’s crypto-initiative, has set off a wave of excitement in the crypto space, fuelling curiosity and anticipation. Supported by a comprehensive Legal Framework, Sango will enable the creation of both the digital and physical infrastructure that would...
UK Law Commission Publishes Proposals to Reform Laws Relating to Digital Assets — Says Reforms Must Not ‘Stifle Development’
28.7.2022
According to the Law Commission, the United Kingdom statutory body, digital assets play an increasingly important role in modern society and as such, the law relating to these must be reviewed. Reforming the laws will not only protect the rights of users and maximize the potential of digital assets...
Digital Euro Needs Curbs to Halt Lending Crunch, ECB Study Finds
28.7.2022
The economic evidence appears to support calls to cap how much central bank digital currency people can hold, to stop them fleeing banks all together
Law Commission for England and Wales proposes reforms for digital assets
28.7.2022
The U.K. Law Commission called for cryptocurrencies and digital assets to be classed as “data objects” in new reforms aimed at fostering growth and legal protection
Critic of Bitcoin’s ‘one-percenters’ still positive about future of digital assets
28.7.2022
A financial professor is skeptical about Bitcoin's design but is still very much involved in crypto research and is bullish about the future of digital assets
European Banking Authority Concerned About Hiring Talent to Oversee Crypto Space
28.7.2022
Europe’s banking sector regulator is worried it won’t manage to find the specialized personnel needed for the oversight of the EU’s attempt to regulate the crypto market. The authority is also concerned over the lack of clarity regarding which digital assets it’s...
Two-Thirds of Public Commenters Oppose US Adopting Digital Dollar: Cato
27.7.2022
With more than 2,000 people responding to the Federal Reserve’s invitation to weigh in on whether it should start a digital dollar, a Cato Institute examination has interpreted two-thirds of their comments as raising objections to the idea
Digital Identity Startup Unstoppable Domains Secures $65 Million in a Series A Led by Pantera Capital
27.7.2022
On Wednesday, the Web3 digital identity platform Unstoppable Domains announced the company has secured $65 million in financing in a Series A funding round led by Pantera Capital. The latest funding gives Unstoppable Domains a post valuation of $1 billion, pushing the blockchain startup up...
Komainu Receives Provisional Virtual Assets License in Dubai
27.7.2022
Komainu joins prominent crypto companies including exchanges FTX and Binance in securing a license to operate in the emirate
Biggie Smalls NFT Collection Sells Out in 10 Minutes, Owners Get Licensing Rights to Unreleased Freestyle
27.7.2022
On Tuesday, the Christopher Wallace Estate, managers of the Notorious B.I.G.’s music, fashion, film, and unreleased archives, dropped a collection of 3,000 non-fungible tokens (NFTs) that sold out in ten minutes. The digital collectibles were dropped via the NFT platform Oneof, and owners...
Russia Gears Up to Regulate NFTs Through Legislative Amendments
27.7.2022
Authorities in Russia are preparing a number of changes to existing laws in order to adopt rules for the country’s market for non-fungible tokens, or NFTs. A working group has discussed the matter and proposed solutions to legally define and regulate transactions with the digital...
Dubai Police to Release Second Collection of NFTs — Nearly 23 Million Show Interest in First Collection
27.7.2022
Months after rolling out its first collection of non-fungible tokens (NFTs), the Dubai Police has said it will launch the next collection at the 2022 edition of The Gulf Information Technology Expo (GITEX). People from outside the country will also get a chance to own the next Dubai Police...
University of Tokyo to Offer Engineering Courses in the Metaverse
27.7.2022
The University of Tokyo will offer a series of engineering courses using metaverse tech. The courses, which are projected to start being offered later this year, will introduce students to the subjects of engineering and will combine this knowledge with the skills to handle metaverse-based worlds...