Law Decoded: Dead Men Face No Charges, June 6-12
Blockchain for distributing votes and independent digital dollars take center stage in the this week’s regulation news. Go to Source Powered by WPeMatico
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Congressman Calls Digital Dollar Hearing ‘Encouraging,’ but Look Out for Privacy
Congressman Warren Davidson recaps yesterday’s hearing on the digital dollar, which seemed to reach new consensus across party lines — but the devil is in the details. Go to Source Powered by WPeMatico
Building Empires: Biggest Crypto Exchanges Push for Global Presence
Crypto exchanges such as OKEx, Binance, Huobi, Kraken and Bitmex outline the key challenges they face in pushing to establish global operations. Go to Source Powered by WPeMatico
Indian Government Reconsiders Banning Cryptocurrency: Report
The Indian government is reportedly reconsidering a plan to ban cryptocurrency and the finance ministry has initiated related inter-ministerial consultations. The move is supposedly spurred by the supreme court quashing the banking ban imposed by the central bank, the Reserve Bank of India (RBI). India’s Plan to Ban Crypto Reportedly Rekindled The plan to ban … Read more
Indian Government Again Proposes Blanket Ban on Cryptocurrencies
Three months after the Supreme Court ruling to lift the banking ban, India’s Ministry of Finance has proposed to ban cryptocurrencies by law. Go to Source Powered by WPeMatico
15 People Plead Guilty in Bitcoin-Powered Fake Auctions Case
The U.S. Department of Justice received two more guilty pleas from Romanian nationals involved in a crypto-fuelled transnational cyber fraud ring on June 11. Go to Source Powered by WPeMatico
500 Estonian Crypto Companies Lose Permits After $220B Scandal
Estonia is withdrawing permits from hundreds of crypto companies following Europe’s biggest money laundering scandal. Go to Source Powered by WPeMatico
Russian Ministry Slams Bill to Ban Crypto — Experts Warn Easy to Bypass, Creates Black Market
Russia’s Ministry of Economic Development has informed parliament of its disapproval of the bill to ban cryptocurrency. Experts say a ban will be ineffective as people can use technology to bypass it, leading to the creation of an “uncontrolled black market.” Russian Ministry Criticizes Bill to Ban Crypto The Russian Ministry of Economic Development has … Read more
Regulators: Deceased Quadriga’s Founder Committed Fraud
The Ontario Securities Commission says that the Vancouver-based crypto exchange was a fraud. Go to Source Powered by WPeMatico
Congress Weighs Digital Dollars for Aid After Stalled COVID-19 Stimulus Payments
In the aftermath of disappointingly slow COVID-19 stimulus payments, Congress hears testimony on using digital dollars to upgrade the U.S.’s legacy financial infrastructure. Go to Source Powered by WPeMatico