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“# ‘Sinister’ debanking of crypto traders is often anti-competitive says Senator Bragg ” Australian banks have been dressing up anti-competitive behavior as regulatory compliance when de-banking crypto customers, Senator Andrew Bragg said. “I believe many banks have been dressing up de-banking as a regulatory necessity. In fact it is often anti-competitive behavior and far more…
“# The city of Philadelphia rolls out its own blockchain initiative ” City of Philadelphia Chief Innovation Officer Mark Wheeler announced an initiative to bring blockchain technology to city government on Monday. The project has invited people working in the blockchain and smart contracts space to contact staff working on the project to see how…
“# Block.one’s Bullish exchange wins license from Gibraltar regulators ” Block.one, the developer of the EOS.IO protocol — the blockchain network of the EOS cryptocurrency — continues progressing with its cryptocurrency exchange subsidiary known as Bullish. Bullish officially announced on Wednesday that its branch, Bullish Limited, obtained a distributed ledger technology license from the Gibraltar Financial…
“# Spanish banks required to report 3-year digital currency plans ” Digital currency plans by Spanish banks must now be reported according to sources at the Banco de Espana, which claimed that the central bank wants to examine the effect digitalization is having on financial services. The Bank of Spain has been quiet for years…
“# Zimbabwe minister signals CBDC interest amid Bitcoin adoption rumors ” Zimbabwe’s Minister of Information publicly dismissed ongoing rumors about the country considering the adoption of cryptocurrencies and Bitcoin (BTC). Rather, Minister Monica Mutsvangwa clarified that the government of Zimbabwe is keen to experiment with a central banking digital currency (CBDC). The rumor about Zimbabwe’s…
“# Huobi to halt services in Singapore after China exit ” Huobi Global, one of the world’s largest cryptocurrency exchanges by trading volumes, is winding down operations in Singapore shortly after exiting China. Huobi will have shut down accounts of all Singapore-based users by the end of March next year, the company officially announced late…
“# SEC Commissioner: DeFi must address transparency and pseudonymity ” SEC Commissioner Caroline Crenshaw has highlighted the benefits of Decentralized Finance while warning of the dangers of failing to embrace a protective regulatory framework in a Nov. 9 opinion piece. The article, DeFi Risks, Regulations, and Opportunities, is the first in the inaugural issue of…
“# Democratic challenger to crypto-friendly senator’s seat is interested in space ” Morgan Harper, a former senior advisor at the Consumer Financial Protection Bureau, is coming out as ‘crypto curious’ in her race to be the Democratic nominee for one of Ohio’s United States Senate seats. In a Tuesday thread on Twitter, Harper said she was…
“# PBoC governor says digital yuan to be more privacy-enhanced than payment apps ” During a virtual video session at the Bank of Finland Institute for Emerging Economies’ 30th Anniversary Conference, People’s Bank of China governor Gang Yi discussed recent developments regarding the country’s central bank digital currency, or CBDC, known as the digital yuan…
“# UK Treasury and central bank will consult on CBDC, potentially launching by 2030 ” The Bank of England and the U.K. finance ministry are planning to launch a consultation on the possible rollout of a central bank digital currency starting in 2022. In a Nov. 9 statement, the Bank of England said the digital…