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“# ‘We should do whatever we can’ to legalize Bitcoin, says libertarian Ron Paul ” Former presidential candidate and congressman Ron Paul has been more outspoken about government oversight concerning Bitcoin and other cryptocurrencies in the last week, calling on people to “be vigilant.” In an episode of the Stephan Livera podcast released on Sunday,…
“# Institutions will protect Bitcoin from government overreach: Erik Voorhees ” Institutional investors will play an important role in securing the future of cryptocurrencies like Bitcoin (BTC), according to Erik Voorhees, CEO and founder of ShapeShift.io. In a panel discussion at this year’s LaBitConf, Voorhees said Bitcoin’s adoption curve will grow substantially over the next…
“# World governments agree on importance of crypto regulation at G7 meeting ” Digital asset regulation has been a hot topic in 2020 and shows no signs of cooling. A recent G7 meeting concluded that the sector faces an ongoing need for regulation. In addition to talking about COVID-19 and economic issues, the group “also…
“# LayerX will develop blockchain-based voting system using digital ID verification in Japan ” Japanese firm Layer X will be partnering with a digital identity application called xID to build a blockchain-based voting system in the Japanese city of Kaga. In a Thursday announcement from LayerX, the Tokyo-based company said it will be developing the…
“# Facebook’s Diem stablecoin is an existential threat to traditional banking ” Facebook, it is reported, could launch its long-awaited digital currency as early as January 2021 in the form of a U.S. dollar-backed stablecoin. Central banks and regulators have been galvanized into action since Facebook first announced its intentions by publishing a white paper…
“# Law Decoded: New threats to self-custody take shape in the US, Nov. 27–Dec. 4 ” Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note For several weeks, rumors have circulated in the United States that the Treasury Department under Steven Mnuchin is…
“# DeFi and Eth 2.0 are whole new convos for regulators, says SEC’s Hester Peirce ” Hester Peirce, commissioner for the United States Securities and Exchange Commission, explained during an exclusive interview with Cointelegraph that decentralized finance, also known as DeFi, has created new challenges for the SEC. Peirce, nicknamed “Crypto Mom” for her interest…
“# UN blockchain tool aims to improve land registry in Afghanistan’s cities ” The United Nations has released a blockchain-powered solution to help the Afghan government manage property ownership issues in the country’s urban areas. According to a Dec. 2 announcement, the U.N. Human Settlements Programme, or U.N.-Habitat, will present its new digital land registry…
“# Swiss National Bank and BIS complete digital currency proofs-of-concept ” The Bank for International Settlements and the Swiss National Bank and are exploring the benefits of implementing a central bank digital currency, or CBDC, using blockchain technology. According to a Dec. 3 announcement, the BIS Innovation Hub Swiss Centre, or BISIH, has successfully completed…
“# Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO ” There are technical limits to even the most technologically ambitious of central banks. So says Sky Guo, CEO of Cypherium — an enterprise blockchain platform that has partnered with a number of Chinese cities and has worked with…