Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate. Go to Source Powered by WPeMatico
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Trade Minister Expects Russia to Legalize Cryptocurrency
Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week. Crypto Legalization Is Current Trend, Russian Minister Acknowledges Cryptocurrency can be legalized in the Russian Federation, according to a … Read more
3 Members of Terraform Labs’ In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout
Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house litigation, regulatory, general, and corporate counsel members follow the project’s fallout last week as the blockchain’s native crypto assets dropped significantly in value. Linkedin … Read more
‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance
Peter Grosskopf, co-founder of the DeFi project Unstoppable Finance, tells Cointelegraph auf Deutsch what he thinks about new regulations for DeFi. Go to Source Powered by WPeMatico
Crypto users react to Terraform Labs legal team purportedly leaving company
Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money. Go to Source Powered by WPeMatico
US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions
An unnamed individual allegedly sent more than $10 million in Bitcoin to an exchange in a country for which the U.S. currently imposes sanctions. Go to Source Powered by WPeMatico
CBDC activity heats up, but few projects move beyond pilot stage
Does government-issued digital money pose an existential threat to cryptocurrencies? Probably not, but stablecoin usage could narrow. Go to Source Powered by WPeMatico
Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament
A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party which also didn’t win backing to raise an electricity tax for crypto miners. Norway Will Not Ban Bitcoin Mining The parliament of Norway has considered … Read more
5 state regulators allege organization is tied to Russia, scamming users using metaverse casino
“The same rules that apply to investments in the physical world continue to apply to investments in virtual worlds,” said the regulators. Go to Source Powered by WPeMatico
US Treasury Secretary reaffirms need for stablecoin regulation following UST crash
Janet Yellen said it would be “highly appropriate” to aim for “a consistent federal framework” on stablecoins by the end of 2022 in the U.S. given the growth of the market. Go to Source Powered by WPeMatico
