Optimism fading? Regulatory discussion on stablecoins postponed until Fall
While there is no shortage of legislative initiatives to regulate stablecoins, the idea of the American CBDC remains problematic. Go to Source Powered by WPeMatico
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BitGo to sue Galaxy Digital for $100M over dropped acquisition
“Either Galaxy owes BitGo a $100 million termination fee as promised or it has been acting in bad faith and faces damages of that much or more,” said R. Brian Timmons. Go to Source Powered by WPeMatico
Coin Center may challenge US Treasury’s sanctions on Tornado Cash in court
“By treating autonomous code as a ‘person’ OFAC exceeds its statutory authority,” said Coin Center’s Jerry Brito and Peter Van Valkenburgh. Go to Source Powered by WPeMatico
AML and KYC: A catalyst for mainstream crypto adoption
One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools. Go to Source Powered by WPeMatico
Metaverse still not ready for virtual weddings and legal proceedings
Since the legislative framework surrounding the Metaverse is quite gray, experts still don’t see the technology being used to settle legal issues. Go to Source Powered by WPeMatico
Dutch authorities arrest suspected Tornado Cash developer
The Dutch Fiscal Information and Investigation Service doesn’t rule out multiple arrests in its ongoing criminal investigation against the crypto mixer Tornado Cash. Go to Source Powered by WPeMatico
UNCTAD takes aim at crypto in developing world in a series of critical policy briefs
The UN organization is urging countries with emerging economies to implement regulation to head off the potentially destabilizing influence of cryptocurrency. Go to Source Powered by WPeMatico
Robinhood to face class action lawsuit from meme stock debacle: Report
It’s been more than a year, but investors continue to make allegations against Robinhood following the January 2021 controversy around trading GameStop and AMC stocks. Go to Source Powered by WPeMatico
US ethics advisory on federal employee’s crypto has basis in legislation
The Office of Government Ethics reminded federal agency ethics officers of current law and extended its interpretation of the law to mutual funds. Go to Source Powered by WPeMatico
National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay
The National Power Administration of Paraguay has proposed to set a special mining fee for cryptocurrency mining operations in a decree project directed to the national economic team. Due to the immense losses the organization has faced, it has stopped supplying energy to some mining operations that were evading the payment of power bills, being … Read more