SEC Commissioner: DeFi must address transparency and pseudonymity
Commissioner Caroline Crenshaw wants DeFi projects to cooperate with the SEC in order to find solutions for compliance with existing regulations. Go to Source Powered by WPeMatico
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Democratic challenger to crypto-friendly senator’s seat is interested in space
38-year-old Senate candidate Morgan Harper said she would be “in learning mode” on the crypto space and solicited comments from her followers. Go to Source Powered by WPeMatico
PBoC governor says digital yuan to be more privacy-enhanced than payment apps
Making the e-CNY more privacy-orientated aside, the PBoC already has ambitions to bring the CBDC onto the world stage. Go to Source Powered by WPeMatico
UK Treasury and central bank will consult on CBDC, potentially launching by 2030
“The earliest date for launch of a U.K. CBDC would be in the second half of the decade,” said the Bank of England, adding no final decision has yet been made. Go to Source Powered by WPeMatico
US Treasury Sanctions 2nd Cryptocurrency Exchange, Seizes $6.1 Million
The U.S. Treasury Department has sanctioned a second cryptocurrency exchange “for facilitating financial transactions for ransomware actors.” Two ransomware operators have also been sanctioned and $6.1 million in funds were seized. US Treasury Sanctions Another Cryptocurrency Exchange The U.S. Department of the Treasury announced Monday that its Office of Foreign Assets Control (OFAC) has sanctioned … Read more
India Plans to ‘Fast Track’ New Cryptocurrency Bill, Seeks to Take ‘Middle Path’ to Regulate Crypto: Report
The Indian government is reportedly trying to “fast track” a modified cryptocurrency bill to be introduced in the winter session of parliament. India’s crypto legislation is expected to take a “middle path” approach to balance all stakeholders’ concerns. India Reportedly Modifying Crypto Bill to Introduce at the Start of Winter Session of Parliament India is … Read more
US officials seize $6.1M in crypto from ransomware actors, adds Chatex to sanctions list
“This will not be the last time — the U.S. government will continue to aggressively pursue the entire ransomware ecosystem and increase our nation’s resilience to cyber threats,” said Attorney General Merrick Garland. Go to Source Powered by WPeMatico
Fed board member to leave by 2022, leaving Biden to fill 3 seats
Randal Quarles has been a member of the Federal Reserve Board as well as its Vice Chair for Supervision since 2017. Go to Source Powered by WPeMatico
Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring
The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back Law Concerning Crypto Services in Kazakhstan Members of the upper house in Kazakhstan’s parliament, the … Read more
China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets
China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China (PBOC). In addition, the government digital wallet has been downloaded by about 140 million people. Digital Yuan’s Adoption Rises, Nearly $10 Billion Transacted … Read more