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Pentagon to reimburse service members for abortion travel The Pentagon will reimburse service members who need to travel to obtain an abortion, the department announced Thursday, a move that’s aimed at helping soldiers or family members stationed in states where the procedure is no longer allowed. Defense Secretary Lloyd Austin in a memo said the…
” Acting US FDIC head cautiously optimistic about permissioned stablecoins for payments “ Acting United States Federal Deposit Insurance Corporation chairman Martin Gruenberg spoke on Oct. 20 about possible applications of stablecoins and the FDIC’s approach to banks considering engaging in crypto-asset-related activities. Although he saw no evidence of their value, Gruenberg conceded that payment stablecoins…
” Crypto adoption: How FDIC insurance could bring Bitcoin to the masses “ Over the years, several cryptocurrency companies have claimed that deposits with them were insured by the United States Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) as if they were regular savings accounts. While so far, no crypto firm has been…
” BoE policy talk: DeFi had better implement good governance before it’s too late “ The lack of regulation and good governance in the crypto sector is more than a hindrance to businesses and lack of protection for users, it is an existential threat, Bank of England Financial Policy Committee external member Carolyn Wilkins said…
” South Africa declares crypto to be a financial product subject to financial services law “ The Financial Sector Conduct Authority (FSCA), South Africa’s financial regulator, published a notice Oct. 19 indicating that the country’s 2002 Financial Advisory and Financial Intermediary Services Act (FAIS) has been updated to include a definition of crypto assets. A…
” UK Law Commission expects ‘substantial impact’ from digital asset law review “ The Law Commission of England and Wales hopes to establish the United Kingdom as a leading jurisdiction to grapple with legal disputes involving emerging technologies like cryptocurrencies, digital assets and electronic documentation. The project, dubbed “Digital Assets: Which Law, Which Court?” was…
” Prosecutors argue ‘insider trading’ claim in the OpenSea case is accurate “ United States prosecutors have opposed a motion by a former employee of nonfungible token (NFT) marketplace OpenSea to remove “insider trading” references from his charges. Prosecutors said the phrase accurately describes the crimes the former OpenSea product manager Nathaniel Chastain is accused…
” Europe moves toward regulatory action on crypto’s environmental impact, energy use “ The European Union (EU) released a package of documents on Oct. 18 related to an action plan for implementing the European Green Deal and the REPowerEU Plan, both of which aim at energy savings by digitalizing the energy sector. The European energy…
” Celsius judge says court may look to UK consultation paper in absence of US guidance “ The lack of crypto regulation in the United States has long complicating the lives of users and service providers, and now a judge has acknowledged the pain the judiciary feels from its absence too. Chief United States Bankruptcy…
” Texas investigates FTX for securities violations after objecting to Voyager auction “ The Texas State Securities Board, or SSB, and the Texas Department of Banking filed a supplemental declaration on Oct. 14 in the Voyager Digital case stating that the SSB is investigating FTX Trading and FTX US and their principals, including co-founder and…