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” US lawmakers introduce companion bill to ‘mitigate risks’ from El Salvador’s Bitcoin Law “ Two members of the House of Representatives have introduced legislation aimed at mitigating the risks to the United States financial system due to El Salvador adopting Bitcoin as legal currency. In a Monday announcement, California Representative Norma Torres and Arkansas…
” Singapore aims to streamline financial watchdog’s authority over crypto firms “ The Singaporean government has approved legislation that will give the Monetary Authority of Singapore, or MAS, additional power to respond to crypto firms doing business outside the country. Records from the Parliament of Singapore show the government passed the Financial Services and Markets…
” FTX US to invest in IEX stock exchange to launch digital securities “ Sam Bankman-Fried’s cryptocurrency exchange FTX continues aggressively investing in traditional finance, with the United States-based affiliate FTX US investing in Investors Exchange (IEX), a U.S. national stock exchange. FTX US has signed an agreement to make a strategic investment in the…
” SEC chair: retail crypto investors should be protected “ Gary Gensler, chair of the United States Securities and Exchange Commission, said the agency’s protections that apply to investors of traditional assets should extend to those in the crypto market. In prepared remarks released Monday for the Penn Law Capital Markets Association Annual Conference, Gensler…
” Intergovernmental Panel on Climate Change calls cryptocurrency CO2 emissions a ‘growing concern’ “ The United Nations arm aimed at assessing the science related to climate change, the Intergovernmental Panel on Climate Change, or IPCC, has named crypto among technologies that may require greater energy demands. According to a report released on Monday, the IPCC…
” In the US, public-private state associations form networks of support for crypto businesses “ When you think of a crypto-friendly U.S. state, Washington is hardly the first to come to mind. Yet, a lot has been happening on the ground in the Pacific Northwest lately. Washington Governor Jay Inslee signed a bill, SB5544, into…
” Law Decoded: ‘Unhosted’ wallets are just ‘wallets,’ March 28–April 4 “ The European Parliament continued to keep crypto users and advocates at the edge of their seats last week as yet another piece of potentially harmful legislation — this time, a set of demanding data disclosure requirements for digital asset service providers — was…
” UK government moves forward with regulatory framework on stablecoins for payments “ The United Kingdom’s economic and finance ministry has said it intends to amend its existing regulatory framework to incorporate stablecoins used as a means of payment. In a Monday announcement, HM Treasury said certain stablecoins could potentially become “a widespread means of…
” Coinbase to invest in Indian crypto and Web3 amid tax regulation clarity “ Coinbase Ventures, an investment arm of American crypto exchange Coinbase, shared a plan to invest $1 million in various Indian cryptocurrency and Web3 initiatives via an in-person pitching event. In a blog post drafted while he was in India, Coinbase CEO…
” New crypto owners nearly doubled in 3 key regions in 2021: Report “ The number of cryptocurrency owners has massively increased last year, with nearly half of all owners worldwide buying crypto for the first time in 2021, according to a new report. Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has…