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” Regulating crypto firms: ‘It’s important that policymakers are involved,’ says Web3 Foundation COO “ Bertrand Perez, chief operations officer of Web3 Foundation, one of the firms behind the Polkadot blockchain, said a certain level of regulation was necessary in the crypto space as long as those responsible left room for innovation. Speaking to Cointelegraph…
” Brazilian Senate announces incoming approval of the ‘Bitcoin law’ “ The bill regulating the cryptocurrency market in Brazil is expected to be approved by the National Congress in the first half of this year, according to Cointelegraph Brazil. The legislation, which has been debated in the Chamber of Deputies since 2015, has been approved…
” North Korea-obsessed Ethereum dev gets 5 years for breaking sanctions “ Virgil Griffith, a former Ethereum (ETH) developer has been sentenced to 63 months in prison and will pay a fine of $100,000 for attending a conference and assisting North Korea use blockchain technology in contravention of economic sanctions imposed by the United States….
” Ripple scores ‘a very big win’ in SEC case “ Ripple Labs has struck a blow against the Securities and Exchange Commission’s (SEC) case after the presiding judge made a ruling that one Ripple community lawyer calls “a very big win for Ripple.” The SEC filed suit in 2020 against Ripple and executives Brad…
” BIS releases study of CBDCs and their role in financial inclusion of the unbanked “ The Bank for International Settlements, or BIS, released a paper Tuesday on central bank digital currencies, or CBDCs, and how they can be used to meet policy goals for financial inclusion. The paper drew on interviews conducted in the…
” Crypto mixers’ relevance wanes as regulators take aim “ Cryptocurrency mixers have been an interesting topic of discussion ever since the advent of cryptocurrencies and their adoption by retail investors around the world. Cryptocurrency mixers are services that essentially focus on one feature of a blockchain network: privacy. Cryptocurrency mixers, also known as tumblers,…
” Brazilian central bank president confirms CBDC pilot will launch in 2022 “ The president of the Central Bank of Brazil confirmed that the country’s sovereign digital currency pilot will go live this year, Cointelegraph Brazil reported. The confirmation about the digital currency came during an event on Monday, where Roberto Campos Neto, the president…
” Indian crypto exchanges’ volume plunges down as 30% tax goes into effect “ Fresh data on Indian crypto exchanges’ trading volume reveals a significant decline in trading practices among Indians just ten days after the tax rule implementation. India’s new 30% crypto tax rule came into effect on April 1, despite many stakeholders and…
” Survey of financial advisers and Grayscale comments suggest strong support for spot crypto ETF “ While the United States Securities and Exchange Commission (SEC) has yet to approve a spot Bitcoin exchange-traded fund, a recent Nasdaq survey suggested that the offering could lead to greater adoption of crypto among financial advisers. According to the…
” Law Decoded: Crypto risks, imaginary and real, and creative ways of addressing them, April 4–11 “ Last week, there was a lot of regulatory talk about crypto-related risks. While this is very common in itself, some angles and proposed solutions to such risks came across as novel. In the United States, the Federal Deposit…