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“# Digital euro offers better privacy protections than private stablecoins: ECB official ” European Central Bank (ECB) executive board member, Fabio Panetta, has argued that a digital euro offers superior privacy protections than privately issued stablecoins. Panetta criticized the profit motive of private firms, emphasizing it is in their commercial interests to harvest masses of…
“# $71B in crypto has reportedly passed through ‘blockchain island’ Malta since 2017 ” Malta’s strategy to become a global enclave for digital assets appears to be working, though lax regulatory oversight has raised concerns over money laundering and other financial crime. Roughly $71 billion, or 60 billion euros, worth of cryptocurrencies have passed through…
“# How smart regulation can improve the future of blockchain ” With extreme positions on both sides, some would have us believe that decentralized technology and regulation are mutually exclusive. As pervasive as that narrative has become, a more evolved view is that both decentralization and regulation are inevitable, so the best results will flow…
“# Smart contracts and the law: Tech developments challenge legal community ” Smart contracts are an important element of the blockchain revolution, although they predate blockchain. According to most sources, it was Nick Szabo who coined the term “smart contract” in the 1990s. The mechanism of a vending machine has since been frequently given as…
“#Feds have opened investigations into 10 Tesla crash deaths” US safety regulators said they’ve opened 30 investigations into Tesla crashes that included 10 deaths since 2016 in which Autopilot was suspected to have been in use. The National Highway Traffic Safety Administration released a list to Reuters with details about accidents under review by the…
“# Russian oligarch Deripaska blasts Bank of Russia for ignoring Bitcoin ” Russian industrial tycoon Oleg Deripaska is the latest figure to criticize the Bank of Russia’s stance on cryptocurrency regulation in the country. Deripaska took to his official Telegram channel on Thursday to blast the Russian central bank for pressuring the crypto industry to…
“# City in Sichuan reportedly orders crypto miners to shut down for investigation ” Chinese authorities continue to crack down on cryptocurrency mining as a city in Sichuan province has reportedly halted local Bitcoin (BTC) mining farms. Authorities in Ya’an City, a prefecture-level city in the western part of Sichuan province, have ordered local Bitcoin mining…
“# Shanghai Man: Economist says El Salvador ‘on road to death’, salaries paid in e-CNY … ” Our Man in Shanghai has refused to let recent regulations slow down the news coming from China. Enterprise blockchain, central bank digital currencies and start up projects continue to make a positive impact in a region hoping to…
“# “Bitcoin maximalists? They can’t stop innovation”, says Mati Greenspan ” In an exclusive interview with Cointelegraph during Bitcoin 2021 in Miami, Greenspan criticized a segment of Bitcoin maximalists for being “small-minded and insecure”, pointing out that they don’t have control over the main cryptocurrency. “They cannot stop any kind of innovation from happening. So…
“# An asset for all classes: What to expect from Bitcoin as a legal tender ” For much of its life, Bitcoin (BTC) has been viewed mainly as a speculative financial instrument, but El Salvador’s dramatic move in making BTC a legal tender is a reminder that cryptocurrencies can play a role in uplifting the…