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Europarliament approves Data Act that requires kill switches on smart contracts
14.3.2023
The act would encourage data sharing, but it imposes requirements for smart contracts used in this setting that have alarmed members of the crypto community
Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure
13.3.2023
Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. In an interview, Frank stated that he believes regulators aimed to “send a very strong...
India Brings Crypto Transactions Under Prevention of Money Laundering Act
11.3.2023
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider explained that it will strengthen the industry’s...
CBDCs could be 'easily weaponized' to spy on US citizens: Congressman
10.3.2023
Congressman Tom Emmer made the anti-CBDC comments to an audience at the Cato Institute, a think tank in Washington
DAO gets legal recognition in the US as the Utah DAO Act passes
7.3.2023
Utah State Legislature passes Utah DAO Act, as Act HB357 grants the DAO a form of legal recognition that’s specific to DAOs
India’s Central Bank Digital Currency Will Act as Alternative to Cryptocurrency, Says RBI Official
4.3.2023
An official of India’s central bank, the Reserve Bank of India (RBI), says that the country’s central bank digital currency (CBDC) will act as an alternative to cryptocurrency. He stressed that the digital rupee must possess all the attributes of physical currency, including anonymity....
BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor
2.3.2023
Gemini is accused of providing BlockFi with custodial services and misleading information to help BlockFi market its alleged unregistered securities
Puerto Rico Defines Act 60 Tax Exemptions for Blockchain Companies
1.3.2023
The Economic and Commerce Development Department of Puerto Rico (DDEC) has issued a document in which it defines the rules that blockchain projects must follow to receive tax benefits that the state offers companies. The action seeks to create an “atmosphere of certainty and stability”...
US Lawmaker Launches CBDC Anti-Surveillance State Act to Protect Americans’ Right to Financial Privacy
24.2.2023
U.S. Congressman Tom Emmer has introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act “to halt efforts of unelected bureaucrats” from “stripping Americans of their right to financial privacy.” The bill also prohibits the Federal Reserve “from...
CoinEx crypto exchange sued by New York for failing to register with state
23.2.2023
The NY Attorney General is looking for a court order to remove the exchange from the state and wants it to block all internet addresses originating from New York
NFTs will act as high-end property during boom cycles: Real Vision CEO
21.2.2023
The former hedge fund manager suggested that top-tier NFTs essentially serve as status symbols, and should see significant upside during crypto boom cycles
Siemens issues €60M under Germany’s Electronic Securities Act
17.2.2023
When a 175-year-old conglomerate decides to go the blockchain way, then it could be right to assume that the technology has the potential to be adopted in the times to come. While the crypto industry remains under the lens of scrutiny, Siemens decided to issue bonds worth 60 million Euros to three...
Industrial Giant Siemens Issues €60 Million Digital Bond on Blockchain
16.2.2023
German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, including the opportunity for direct sale to investors. Digital Bond Issued Under Germany’s Electronic...
South Korea’s Crypto Firms Will Have to Self-Regulate Under New Guidance
15.2.2023
Crypto firms will conduct their own self-assessments before regulators step in, a lawyer in South Korea told CoinDesk
Binance CEO Distances Himself From BUSD Stablecoin as Regulators Act
14.2.2023
CZ said Binance will continue working with other stablecoin issuers, and noted he’s skeptical about claims Circle raised alarm bells with regulators
Are stablecoins securities? Well, its not so simple, say lawyers
13.2.2023
One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging, and staking opportunities
Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost
3.2.2023
Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As...
US securities regulator probes Wall Street over crypto custody: Report
27.1.2023
The regulator has been probing registered investment advisors over how they've been offering crypto custody to their clients, according to sources
Sweeping Crypto Regulation? First Update the Bank Secrecy Act
25.1.2023
South African Dispute Resolution Office Says It Now Considers Crypto-Related Complaints
24.1.2023
According to South Africa’s Office of the FAIS Ombud, an independent dispute resolution office, individuals with crypto-related grievances that occurred after Oct. 19, 2022, can now formally submit such complaints on the agency’s website. However, the Office of the FAIS Ombud insisted...