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” US lawmakers introduce bills that could force crypto exchanges to cut ties with Russian wallets “ Representative Brad Sherman will be introducing a bill in the House aimed at cracking down on U.S. businesses handling crypto transactions for Russian banks and individuals. Speaking at a hybrid markup meeting with the House Financial Services Committee…
” US lawmakers discuss crypto’s role in sanctions, national security and humanitarian aid “ Industry experts and lawmakers who spoke at a hearing of the United States Senate Committee on Banking, Housing, and Urban Affairs clashed on how the country should handle digital assets used for illicit purposes. Speaking remotely in a Thursday hearing on…
” How blockchain intelligence can prevent Russia from evading sanctions “ As pointed out by Caroline Malcolm, Head of International Policy at Chainalysis, the transparent nature of blockchain technology makes it relatively easy for crypto intelligence companies to track funds related to sanctioned entities. “We’re in quite a unique position because of the transparency and…
” Ukraine’s president signs law establishing regulatory framework for crypto “ Volodymyr Zelenskyy, the president of Ukraine currently based in Kyiv, has signed a law establishing a legal framework for the country to operate a regulated crypto market. In a Wednesday announcement, Ukraine’s Ministry of Digital Transformation said Zelenskyy signed a bill named “On Virtual…
” Biden’s executive order promises great things for the crypto industry — Eventually “ United States President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets on March 9. The order had been expected for several months, giving some in the industry ample time to build up trepidation. Once the executive…
” ‘We don’t like our money:’ The story of the CFA and Bitcoin in Africa “ Nearly 150 million people use the franc of the Financial Community of Africa (CFA) on a daily basis, from Senegal in the extreme west to Gabon in the center of the continent. Used in 14 countries, the CFA is…
” Commissioner Allison Lee announces her departure from the SEC “ Securities and Exchange Commissioner Allison Herren Lee announced that she would be stepping down from her post at the end of her term in June. In a Tuesday announcement, Lee said that she will remain in the role until her successor has been confirmed….
” Biden’s pick for Fed vice chair for supervision withdraws amid Republican objections “ Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward. According to a Tuesday tweet from Washington Post journalist…
” Legal DAOs: Why are the Marshall Islands betting on a decentralized future? “ The Republic of the Marshall Islands made history in the second week of February after it formally recognized decentralized autonomous organizations (DAOs) as legal entities. The Marshall Islands revised its Non-Profit Entities Act 2021, making it possible for any DAO to…
” Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan “ The Financial Monitoring Agency of the Republic of Kazakhstan reported earlier on Tuesday that 55 illegal mining farms “voluntarily stopped their operation” due to an enforcement campaign by the regulator, and another 51 entities’ operations “were terminated.” The enforcement operation…