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“# Ukraine passes legislation to recognize and regulate crypto ” The Ukrainian Parliament has adopted legislation regulating foriegn and domestic cryptocurrency exchanges operating from within the country. On Sept. 8, the Ukrainian Parliament adopted the draft law “On Virtual Assets,” legally recognizing cryptocurrency in the country for the first time. The legislation is based on…
“# SEC vs Coinbase: Alex Mashinsky says Celsius will have to ‘wait and see’ on fallout ” Support for Coinbase and its CEO, Brian Armstrong, has been pouring from the crypto community since the company disclosed in a regulatory filing on Wednesday that it had received a Wells notice from the U.S. Securities Exchange Commission….
“# BitMEX racketeering complaint dismissed over lengthy ‘copy and paste’ claims ” A U.S. District Judge has dismissed amended racketeering allegations brought by traders against the parent company of derivatives exchange BitMEX, HDR Global trading, noting that many of the plaintiff’s accusations had been copy and pasted from a different lawsuit filed against the platform….
“# Stablecoins: crypto house of cards? ” In Cointelegraph’s latest video report, we discussed the systemic risks posed by stablecoins to the stability of both crypto and traditional markets. Stablecoins have become the backbone of the crypto ecosystem, as they play a crucial role in the functioning of crypto trading and decentralized finance. Their market…
“# More countries to follow El Salvador’s Bitcoin move, Cardano creator says ” Following El Salvador’s historic adoption of Bitcoin (BTC) as legal tender on Tuesday, Cardano founder Charles Hoskinson predicted that a lot more countries will eventually follow in the Latin American country’s footsteps. El Salvador’s Bitcoin acceptance further legitimizes the belief that people…
“# El Salvador says merchants must process BTC transactions — or they may face action ” In an interview with local media, Javier Argueta, the legal counsel to the Presidential House of El Salvador, clarified the obligations of businesses the day before the country’s controversial Bitcoin Law recognizing BTC as legal tender took effect. The…
“# Former Reserve Bank official pushes for India to accept crypto ” The former Deputy Governor of the Reserve Bank of India (RBI) has spoken out about the nation’s financial and crypto ecosystem and stated that digital assets need to be accepted. Speaking at the inaugural HODL ’21 virtual conference organized by the Blockchain and…
“# Hong Kong securities official proposes stricter oversight of crypto trading ” A senior executive for Hong Kong’s Securities and Futures Commission, or SFC, believes more needs to be done to tackle cryptocurrency fraud, offering clues about future guidance on digital asset trading in the special administrative region. Deputy chief executive Liang Fengyi said the…
“# Russian State Hermitage raises $440K via Binance NFT auction ” Despite the Russian state maintaining a mostly unfriendly stance on cryptocurrencies like Bitcoin (BTC), a major state-backed museum is benefiting from the industry by raising hundreds of thousands of dollars with nonfungible tokens, or NFTs. The Russian State Hermitage Museum, the largest museum in…
“# Project Giant: Nigeria’s CBDC set for pilot rollout on Independence Day ” After four years of development, the Central Bank of Nigeria (CBN) is set to roll out its digital currency project. The launch will reportedly happen on the occasion of the country’s 61st Independence Day celebration on Oct. 1. Nigeria’s central bank digital…