Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh
He clarified that it’s mostly fiat money stablecoins that bear the brunt of this regulatory scrutiny. Go to Source Powered by WPeMatico
Month: December 2021
Australia to Regulate Crypto Sector as Part of Payments Reform
The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple and Google. Payment Laws in Australia to Cover Crypto Business and Big Tech Authorities … Read more
US is ‘unquestionably’ behind the curve on crypto ETFs, says Brian Brooks
Brian Brooks proposed regulators treat crypto in much the same way as traditional financial institutions rather than creating an entirely new body to create a single framework for digital assets. Go to Source Powered by WPeMatico
Discussion on crypto and major tech firms combine in hearing over decentralization of digital ecosystem
“The point of crypto is to have true decentralization — the projects that succeed will be the projects that achieve that,” said Brian Brooks. Go to Source Powered by WPeMatico
‘Nation should not compensate investors for crypto losses’ says UK’s Financial Conduct Authority CEO
UK’s top financial watchdog wants to bar investors from accessing government compensation in the event of crypto scams or not-at-fault financial loss. Go to Source Powered by WPeMatico
NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im
A slew of new NFT-related partnerships and integrations with DeFi platforms sparked a rally in XTZ, WAXP and ALEPH. Go to Source Powered by WPeMatico
Video Game Giant Ubisoft Launches NFT Platform, Software Firm’s Blockchain-Tech Runs on Tezos
The French video game manufacturer based in Montreuil, Ubisoft Entertainment SA, has announced the company has launched a blockchain-based platform called Ubisoft Quartz. According to the company, the platform will enhance specific games with playable and energy-efficient non-fungible token (NFT) assets. Ubisoft Quartz Revealed For quite some time, video game companies have shown strong interest … Read more
Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc
Although the project was a success, the central banks warned that significant rulebooks, contingency procedures, and monitoring capabilities were needed to ensure the success of a CBDC. Go to Source Powered by WPeMatico
Biden Administration Unveils Plan to Focus on ‘Prosecutions of Criminal Misuses of Cryptocurrency’
The Biden-Harris administration has unveiled its strategy on “countering corruption.” It includes utilizing the government’s newly established task force, the National Cryptocurrency Enforcement Team, to focus on “complex investigations and prosecutions of criminal misuses of cryptocurrency.” US Crypto Enforcement Strategy for ‘Countering Corruption’ The White House announced Monday, “In line with the president’s direction, the … Read more
Hong Kong-based Chiron Partners launches $50M Terra fund
Terra’s native cryptocurrency, LUNA, has emerged as one of the best-performing digital assets of the past 11 months. Go to Source Powered by WPeMatico