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“# OCC works to win back House Democrats, still miffed at leader’s focus on crypto ” The U.S. Treasury’s Office of the Comptroller of the Currency is expanding an outreach program designed to provide access to minority depository institutions, or MDIs. Per a Thursday announcement shared with Cointelegraph, the OCC’s Project REACh is expanding to…
“# What does VCOIN’s SEC authorization mean for securities law and crypto? ” As Cointelegraph reported two weeks ago, the Securities and Exchange Commission put out a rare no-action letter in defense of IMVU’s new blockchain-based VCOIN. VCOIN is only the third digital token to get such legal protection from the U.S. securities regulator, which…
“# Bitcoin is the ‘ultimate anti-lockdown investment,’ says Nigel Farage ” The United Kingdom Tory Party’s nemesis, Nigel Farage, has gone “full crypto.” On Nov. 27, Farage sat down for a video interview to discuss all things crypto with Sam Volkering, the editor of Southbank Investment Research, which is, notably, the publisher of Farage’s recently…
“# The Australian Senate just voted to kill the $10,000 ‘cash ban’ bill ” A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous Senate vote. One Nation Senator Malcolm Roberts brought the motion to remove the bill today after more than a…
“# Libra rebrands to Diem, hoping to shake off associations ” Per a Tuesday press release, the Libra Association is changing its name to the Diem Association. The shift is likely in the hopes of turning the page on Libra’s PR. Facebook initially announced its planned global stablecoin Libra in June of last year to…
“# South Korea to delay new tax regime on cryptocurrencies until 2022 ” The South Korean government has officially postponed a new tax regime on cryptocurrency gains until 2022. According to Yonhap on Dec. 1, the planning and finance committee of South Korea’s national assembly passed amendments to the country’s tax laws wherein a new…
“# Biden should integrate Bitcoin into US financial system, says Niall Ferguson ” British economic and financial historian Niall Ferguson said the United States needs to find its own path in adopting cryptocurrencies, rather than “building [its] own versions of China’s electronic payments systems.” In a Bloomberg opinion piece, Ferguson said Sunday that the current pandemic…
“# Philanthropy: A missing catalyst of blockchain adoption ” When most people imagine the problems solved and industries disrupted by blockchain technology, the typical use cases come to mind: global currency, store of value and even a way to track goods on an immutable ledger. A good starting point in understanding what drives the adoption…
“# Exchanges outdo auctions for governments cashing in criminal crypto, says exec ” Earlier this week, Lithuania’s tax service, the Lithuanian State Tax Inspectorate, added $7.6 million dollars to the state budget through the sale of cryptocurrencies seized in criminal investigations. The occasion marked the first time that the Lithuanian government liquidated confiscated cryptocurrencies. In…
“# IOTA teams up with Austrian uni for Internet of Things and blockchain research lab ” The IOTA Foundation, the non-profit organization behind IOTA, IOTA Tangle and MIOTA, announced they will be joining Austria’s newest Christian Doppler Laboratory, or CDL, as an industrial partner. The first of its kind, the laboratory is housed at the Vienna…