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Hong Kong Securities Association is Considering an ‘ICO’ Issuance Mechanism
30.11.2023
Source: iStock/Onfokus The Hong Kong Securities & Futures Professionals Association, an influential industry trade group, has proposed the establishment of an initial coin offering (ICO) portal in the city. The suggestion was included in the group’s comments on the Hong...
Deputy U.S. Treasury Secretary Puts “Bad Actors” in Crypto on Notice, Delivers Remarks at D.C. Policy Summit
29.11.2023
U.S. Deputy Treasury Secretary, Wally Adeyemo, had choice words for “bad actors” in the crypto space while delivering remarks at the Blockchain Association’s Policy Summit in D.C. Wednesday. “We will find you and hold you accountable” “I want to directly address those within the digital...
Carl Runefelt, CEO of The Moon Group, donates to the Emirates Down Syndrome Association
28.11.2023
The Emirates Down Syndrome Association (EDSA) has received a remarkable donation of 300,000 AED from Carl Runefelt, CEO of The Moon Group (https://moongroup.com/). Mr. Runefelt’s gesture reflects his commitment to improving the lives of individuals with Down Syndrome, inspired by his personal...
UK regulator advocates for asset managers to tokenize funds
25.11.2023
The United Kingdom's financial regulator has endorsed a blueprint model designed to facilitate the tokenization of funds for asset management firms
Tokenization of Investment Funds Now Permitted in the UK – Adoption on the Rise?
24.11.2023
Source: Pexels UK investment funds have received the green light for tokenization, marking a strategic move to harness blockchain technology within the asset management sector. This approval was disclosed in a press release by The Investment Association, a renowned trade body in the industry,...
Blockchain Association Releases 2023 Annual Report
22.11.2023
The Blockchain Association released its annual report on Wednesday, November 22nd, showcasing the challenges and highlights faced by the crypto sector this year. Driving crypto forward Founded in 2018, the Blockchain Association is a crypto advocacy group spearheaded by CEO Kristin Smith. According...
Aragon DAO Backs Lawsuit Against Founding Team, Allocates $300,000 in Funding
22.11.2023
Image source: Adobe Stock Aragon DAO, a decentralized autonomous organization, has passed two votes that support a lawsuit against its founding team, allocating $300,000 in funding for the legal battle. The voting process saw unanimous approval for the proposal, with 1.6 million governance tokens...
Blockchain Association Sues OFAC Over Sanctions on Tornado Cash
21.11.2023
Source: US Department of Treasury Blockchain Association, the crypto advocacy group, has filed an amicus brief with the US Office of Foreign Assets Control (OFAC). The Association has criticized the agency’s decision to sanction crypto mixer Tornado Cash, pointing out the regulatory repercussions....
Blockchain Association files support in suit to lift Tornado Cash sanctions
21.11.2023
The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools
South Korean Golf Star Lee Ye-won Wins Crypto Prize at Tour Event
20.11.2023
Source: yellowj/Adobe The South Korean pro golfer Lee Ye-won has scooped a crypto prize worth over $457,000 by winning a KLPGA Tour event in Busan. The WEMIX Championship was sponsored by the domestic gaming giant WeMade’s crypto and blockchain gaming subsidiary. The KLPGA (Korea Ladies...
DWF Labs forges an association with Kava Chain
16.11.2023
DWF Labs, an internationally known digital asset market maker, forms an association with the Kava Chain. DWF Labs is also a multi-level Web3 investment company. This joining of hands will bring about the growth of Kava’s DeFi ecosystem with an extra focus on its decentralized exchanges (DEXs). ...
NHL Dives Into NFT Market With ‘Breakaway’ Platform, Amidst Shifting Digital Collectible Trends
15.11.2023
The National Hockey League, the NHL Players’ Association, and the NHL Alumni Association have collaborated with the non-fungible token (NFT) firm Sweet to introduce NHL Breakaway, a digital collectibles platform. The NHL says the collectibles enable fans globally to collect, gift, trade,...
Congress Gets the Runaround From Regulators, Again
15.11.2023
NHL Launches NFT Collectible Platform
15.11.2023
The National Hockey League launched their digital collectible platform, NHL Breakaway, to the public on Wednesday, November 15th, in collaboration with the National Hockey League Players’ Association (NHLPA), NHL Alumni Association (NHLAA), and end-to-end NFT platform, Sweet. A “groundbreaking...
Blockchain Association Pushes Back Against IRS Regulations on Crypto Brokers
14.11.2023
Source: Adobe / photoschmidt The Blockchain Association, a prominent crypto advocacy and lobbying group based in the US, has strongly opposed proposed Internal Revenue Service (IRS) regulations targeting crypto brokers. In a comment letter submitted on November 13, the association argued that...
What the IRS Gets Wrong About DeFi and Crypto in Its Latest Tax Reporting Proposal
14.11.2023
Failure to ‘Properly’ Regulate Crypto Has Cost Ukraine $49bn – Study
10.11.2023
Source: Vaksmanv/Adobe Ukraine’s failure to adequately regulate the crypto sector cost the nation just shy of $49 billion in the period 2016 to 2022, a study has found. The study was carried out by Ukraine Economic Outlook, in association with the crypto exchange Kuna and an industry group named...
Kenyan Blockchain Association Told to Help Draft Regulation Bill, ‘Demystify’ Crypto
9.11.2023
The Blockchain Association of Kenya has been asked to help create the country’s first draft bill on crypto asset regulation. The National Assembly’s Departmental Committee on Finance and National Planning also asked the association to undertake “robust public education on cryptocurrency...
Kenyan Blockchain Association to Issue First Draft of The Country’s Crypto Regulation
7.11.2023
Source: Pexels The Blockchain Association of Kenya (BAK) has announced that it will prepare the first draft of the country’s blockchain legislation as it seeks to join the list of nations with proper rule clarity. According to local media reports, the lobby group met with the National Assembly...
Kenyan lawmakers ask local Blockchain Association to come up with crypto bill
7.11.2023
Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto