# ‘DeFi is the most dangerous part of the crypto world,’ says Senator Elizabeth Warren

# ‘DeFi is the most dangerous part of the crypto world,’ says Senator Elizabeth Warren

“# ‘DeFi is the most dangerous part of the crypto world,’ says Senator Elizabeth Warren ” Massachusetts Senator Elizabeth Warren did not hold back in her criticism of decentralized finance, expressing concern about how a run on stablecoins would affect the average investor. In a Tuesday hearing with the Senate Banking Committee discussing stablecoins, Warren…

Read More
# Cyprus’ finance ministry recommends ‘capacity building’ for crypto

# Cyprus’ finance ministry recommends ‘capacity building’ for crypto

“# Cyprus’ finance ministry recommends ‘capacity building’ for crypto ” Cyprus is moving to regulate the cryptocurrency industry, with the country’s finance ministry releasing a national risk assessment on crypto. Published on Monday, the official documentation provides a risk assessment for the Republic of Cyprus regarding money laundering risks related to virtual asset activities and virtual…

Read More
# Ukrainian bank uses Stellar to launch electronic hryvnia pilot

# Ukrainian bank uses Stellar to launch electronic hryvnia pilot

“# Ukrainian bank uses Stellar to launch electronic hryvnia pilot ” Tascombank, one of the oldest commercial banks in Ukraine, is launching a Stellar-based pilot for Ukraine’s national fiat currency, the hryvnia. The Stellar Development Foundation (SDF) announced on Dec. 14 a private electronic hryvnia pilot launched by Tascombank and fintech company Bitt. The electronic…

Read More
# Law Decoded: A different Congress hearing, Dec. 6–13

# Law Decoded: A different Congress hearing, Dec. 6–13

“# Law Decoded: A different Congress hearing, Dec. 6–13 ” The biggest regulatory story of the week was a United States House Committee on Financial Services hearing squarely focused on crypto. Even the event’s title — “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States”…

Read More
# Bank of Russia to ban mutual funds from investing in Bitcoin

# Bank of Russia to ban mutual funds from investing in Bitcoin

“# Bank of Russia to ban mutual funds from investing in Bitcoin ” The Russian central bank continues its strict policies regarding the cryptocurrency industry, now officially banning mutual funds from investing in cryptocurrencies like Bitcoin (BTC). On Dec. 13, the Bank of Russia published an official statement on regulating investment opportunities by mutual investment…

Read More
# Binance Singapore withdraws crypto license application

# Binance Singapore withdraws crypto license application

“# Binance Singapore withdraws crypto license application ” Crypto exchange Binance has withdrawn its license application for pursuing digital payment token (DPT) services in Singapore. Starting today, Binance.sg has stopped onboarding new users and will not allow Singaporeans to deposit cryptocurrencies or fiat on the exchange. By Feb 13, 2022, Binance plans to “wind down”…

Read More