How should DeFi be regulated? A European approach to decentralization
The question for DeFi regulation: Is there an “owner” of the platform who can be held accountable for complying with the regulations? Go to Source Powered by WPeMatico
Government
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El Salvador buys its cheapest 410 Bitcoin as prices reach $36k
President Nayib Bukele confirmed that the purchase of 410 BTC was made against $15 million, placing the trading price at approximately $36,585 per BTC. Go to Source Powered by WPeMatico
Reuters: Binance was withholding information from regulators, repeatedly shunned own compliance department
According to the investigation, the world’s largest crypto exchange pursued growth while dodging regulatory scrutiny. Go to Source Powered by WPeMatico
Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining
True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’ wellbeing among the main reasons for the proposed restrictions. Russia’s Central … Read more
Witnesses address energy impacts of crypto mining during House hearing
“If policymakers take a cautious approach and foster a pro-innovation environment, the rewards for consumers, investors and all Americans are likely to be great,” said Jordan Ramis shareholder Gregory Zerzan. Go to Source Powered by WPeMatico
SEC Advisory Committee member calls agency to open for public comment on crypto regulation
“This open call for comment is the only way to appropriately crowd source this issue and appropriately develop a digital asset regulation Genesis Block,” said J.W. Verret. Go to Source Powered by WPeMatico
Bitcoin miners’ resilience to geopolitics — A healthy sign for the network
The phenomenal recovery of the mining hash rate for BTC goes to show how resilient the network and its community are to world events. Go to Source Powered by WPeMatico
Law Decoded: First-mover advantage in a CBDC conversation, Jan. 10–17
Strong framing move by U.S. Representative Tom Emmer and a looming threat of another crypto ban in Asia: a digest of last week’s top crypto policy stories is here. Go to Source Powered by WPeMatico
Pakistan’s president calls for more training in blockchain technology
Among the panel of experts that met with President Arif Alvi was Bitcoin Association founding president and Bitcoin SV advocate Jimmy Nguyen. Go to Source Powered by WPeMatico
2021: A year of mass adoption for cryptocurrencies in Brazil
2021 was a year of affirmation for the Brazilian crypto market with good news in the national stock market, the promise of a CBDC and Brazilian soccer joining the game. Go to Source Powered by WPeMatico
