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US senator blasts SEC for non-judicial actions against crypto companies
20.7.2022
Senator Emmer highlighted the SEC’s politicization of regulations and called them power-hungry regulators that discourage good-faith regulations
US Justice Department seized $500K in fiat and crypto from hackers connected to DPRK government
19.7.2022
Deputy Attorney General Lisa Monaco said authorities relied on victims to report attacks "as soon as those crimes occur" to help recover funds
US lawmaker criticizes SEC enforcement director for not going after 'big fish' crypto exchanges
19.7.2022
Representative Brad Sherman said the SEC's enforcement case against Poloniex was like going after "small fish" compared to major exchanges which may include Kraken and Coinbase
‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin
18.7.2022
Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022
India needs global collaboration to decide on crypto's future, says finance minister
18.7.2022
Indian finance minister reiterated RBI’s stance on the crypto market, claiming it’s driven by speculation
XANA Targets Tourism Market Through Government and Corporate Deals
18.7.2022
XANA has announced its entry into tourism through Government and Corporate deals. Additionally, XANA is in talks with big tourism brands based in Japan to better its network in the industry. XANA shared the news by releasing a thread of four tweets. XANA’s entry into the tourism space will...
Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says
18.7.2022
Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking...
The regulatory implications of India’s crypto transactions tax
18.7.2022
India’s introduction of new crypto taxes had a negative impact on overall trading, forcing entrepreneurs to move to friendlier jurisdictions
White House Reporter Says Inflation Has Become ‘Biden’s Political Nightmare’ as Critics Slam Government Spending
17.7.2022
While the latest Bureau of Labor Statistics Consumer Price Index (CPI) report indicates U.S. inflation has continued to print perpetual new highs, U.S. president Joe Biden is losing ground on his climate bill. The Biden administration’s recent budget negotiations and tactics toward dealing...
SEC commissioner Allison Lee departs, readying financial regulator for Jaime Lizárraga
15.7.2022
The U.S. Senate has already confirmed the nomination of Allison Lee's replacement, Jaime Lizárraga, to work at the SEC for a term ending in 2027
DeFi for financial services: Alex Tapscott’s ‘Digital Asset Revolution’
15.7.2022
Alex Tapscott’s new book breaks down key DeFi concepts for business leaders
Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador
15.7.2022
The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran...
Shanghai Aims to Grow a $52 Billion Metaverse Cluster by 2025
15.7.2022
The Government of the city of Shanghai has proposed a group of guidelines to help it shift into a metaverse power. The plan of action defines each one of the technologies that the municipality needs to focus on to achieve the goals of building a $52 billion metaverse economy, while at the same time...
CFTC labels 34 crypto and forex firms as unregistered foreign entities
14.7.2022
"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson
UK’s government-backed Millicent Labs demos a retail full-reserve digital currency
14.7.2022
The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology
US Senate confirms Michael Barr as Fed vice chair for supervision
13.7.2022
Michael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs
US Treasury calls for public comment on digital asset policy, following Biden's executive order
12.7.2022
President Joe Biden's executive order on crypto from March directed the Treasury Department to take the lead among other government agencies in developing policy recommendations
Spain to Offer Grants for Metaverse Companies
12.7.2022
The government of Spain has announced it will issue a series of grants and aid for metaverse-related developments. The individuals and companies interested in receiving these grants will have to be based in the European Union or Spain and present a plan, and meet a series of requirements, to...
US crypto regulation bill aims to bring greater clarity to DAOs
11.7.2022
The Responsible Financial Innovation Act proposes a comprehensive set of regulations for the digital assets sector, and one potentially impactful section is DAOs
Crypto needs regulation to mitigate risks, says Bank of England exec
11.7.2022
Traditional markets have regulations to protect investors from unrecoverable losses, a Bank of England executive recently noted