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“# Adapt or die: Payments giants partner with crypto firms to ensure security ” Institutional interest for digital assets continues to grow rapidly, demonstrating that cryptocurrencies, stablecoins and nonfungible tokens (NFT) are here to stay. At the same time, traditional financial institutions are beginning to understand the dire need to properly support digital assets. For…
“# Binance to cease crypto futures and options in Australia ” Binance, the world’s largest cryptocurrency exchange by trading volume, continues limiting its services amid the ongoing global regulatory scrutiny, announcing new trading restrictions in Australia. Existing Binance users in Australia will have 90 days to reduce and close their positions for products like cryptocurrency…
“# Senator Warren’s office confuses MakerDAO for failed 2016 project The DAO ” Recent dialogue between MakerDAO developers and the office of anti-crypto Senator Elizabeth Warren’s has revealed a concerning lack of familiarity with the current decentralized finance (DeFi) ecosystem. On Sept. 20, a screenshot began circulating on social media appearing to show dialogue between…
“# BBA pushes for crypto regulatory clarity in Massachusetts ” The Boston Blockchain Association, or BBA, together with Boston-based media house Media Shower and the Chamber of Digital Commerce are working to lobby for favorable crypto regulations in Massachusetts. According to a release issued on Monday, the BBA in collaboration with Media Shower and the…
“#Chinese version of TikTok adds time limit for kids, bans nighttime use” The Chinese version of TikTok, called Douyin, is limiting kids’ time on the app to 40 minutes per day and banning all overnight use. Douyin users under the age of 14 with “real name authenticated” accounts will be automatically entered into a new…
“# Law Decoded: US as an anatomical theater of crypto regulation, Sept. 13–20 ” Fall is traditionally the open season for United States financial regulators. The thicket of news coming out of Capitol Hill, federal courts and various regulatory agencies can feel overwhelming around this time, especially for those of us residing outside of these…
“# Indians opt for state-run blockchain platform amid bulk SMS regulations ” The Telecom Regulatory Authority of India (TRAI) established messaging regulations that require scrubbing consumer communication messages to ensure that the receiver of the message has opted in for such interactions. The drive is supported by BSNL DLT, a content verification platform built on…
“# Thai SEC issues license to Ethereum-based real estate project ” The Securities Exchange and Commission of Thailand (SEC) has a license to an asset-backed token offering service based on the Ethereum blockchain. Fraction, a wholly-owned subsidiary of the Hong Kong-based fintech firm Fraction Group, has received a license allowing it to list and trade…
“# Coinbase signs new $1.36M contract with US Customs enforcement agency ” Leading U.S. cryptocurrency exchange Coinbase has secured a contract to develop tech for the Department of Homeland Security worth as much as $1.36 million. Under the agreement, Coinbase has been contracted to deliver “application development software as a service” for the U.S. Immigration…
“# American CryptoFed DAO seeks US SEC consent for stable utility tokens ” American CryptoFed DAO, a Wyoming-based decentralized autonomous organization, has filed two forms with the United States Securities and Exchange Commission, or SEC, to launch two variants of inter-dependent stablecoins named Locke and Ducat. According to CryptoFed’s Form 10 submission, the tokens are…