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” Russian bankers reportedly want to outlaw noncustodial crypto wallets “ A major Russian banking association wants to criminalize keeping your own cryptocurrency keys. The Association of Banks of Russia, an organization including more than 300 Russian banks and financial institutions, has called on lawmakers to criminalize storing crypto outside of centralized exchanges on noncustodial…
” Crypto Twitter reacts as Russian gov’t reviews finalized crypto bill “ The Ministry of Finance (MinFin) of Russia finalized a draft bill named “On Digital Currency” and has sent it to the Russian government for approval to be passed as law. The draft of the federal law clarifies regulations related to the trading and…
” Regulations set the table for more talent, capital and building in crypto industry “ The feeling in the crypto and decentralized finance space has been shifting and evolving. The industry is also becoming more scrutinized and, inevitably, more organized. Some weeks ago, United States President Joe Biden signed an Executive Order to expedite and…
” DAO regulation in Australia: Issues and solutions, Part 3 “ Lawmakers in Australia want to regulate decentralized autonomous organizations (DAOs). In this three-part series, Oleksii Konashevych discusses the risks of stifling the emerging phenomenon of DAOs and possible solutions. Crypto anarchy is unlikely to be the future that the majority of people support. Company…
” Tether is gaining momentum against competing stablecoins, says Tether CTO “ Paolo Ardoino, the chief technology officer of Tether and Bitfinex, is confident that Tether will preserve its status as the most used stablecoin, despite the rapid growth of competitors such as USD Coin (USDC). “If you see the volumes of Tether compared to…
” Tornado Cash says it’s using Chainalysis oracles to block access from OFAC sanctioned addresses “ On Friday, Tornado Cash announced that it was using oracle contracts from Chainalysis to block wallet addresses sanctioned by the U.S. Office of Foreign Assets Control, or OFAC. The move comes after the U.S. Department of the Treasury linked…
” President Biden announces former Ripple adviser as pick for Fed vice chair for supervision “ Following the withdrawal of former Federal Reserve Board governor Sarah Bloom Raskin, United States President Joe Biden has announced his intention to nominate former Obama administration official and law professor Michael Barr as the central bank’s vice chair for…
” Bitstamp asks users to update the source of their crypto, citing regulatory compliance “ Major global cryptocurrency exchange Bitstamp continues increasing compliance efforts by requesting its users to provide more data like their source of wealth. In an email notification to users on Wednesday, Bitstamp informed its customers about the ongoing policy upgrades on…
” Fitting the bill: US Congress eyes e-cash as an alternative to CBDC “ On March 11, United States President Joe Biden issued an executive order in which he encouraged the Federal Reserve to continue research on a prospective U.S. central bank digital currency, or CBDC. The order emphasized that the market capitalization of digital…
” Montenegro makes Vitalik a citizen, part of plans to promote it as a blockchain hub “ The Montenegrin government has begun fulfilling its pledge to become a hub for blockchain innovation by reportedly making Ethereum creator Vitalik Buterin its newest citizen. Montenegrin news outlet RTCB reported that Prime Minister Zdravko Krivokapić recommended Buterin receive…