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“# India to reportedly ditch Bitcoin ban agenda in favor of asset classification ” The tide may have finally turned for cryptocurrencies in India as reports indicate a softer stance by the government towards crypto. According to a report by The New Indian Express on Thursday, the government’s hostile stance towards Bitcoin (BTC) appears to…
“# Stablecoins not that radical, says Bank of England official ” There has been much commotion about stablecoins amongst central bankers, regulators and lawmakers in recent years, most notably in the furor surrounding Facebook’s repeated attempts to launch variously designed stablecoins that would be native to its multiple social media platforms. Not everyone in the…
“# New analysis sheds light on DOJ Bitcoin seizure, as JBS pays massive $11M ransom ” JBS USA Holdings Inc. has paid an $11 million ransom in Bitcoin to cybercriminals as new details emerge over the FBI’s recovery of assets from a previous heist. The payment, estimated to be more than 300 BTC at current…
“# Proposed New York Bitcoin mining ban watered down to allow green projects ” A proposed crypto mining ban calling for a forced three-year hiatus on all mining operations in New York has been watered down — and will now allow green projects. The bill passed in the senate on June 8, and has now…
“# Elizabeth Warren compares ‘bogus’ crypto to ‘legitimate’ CBDCs in senate hearing ” Democratic Senator Elizabeth Warren did not mince words when it came to criticizing crypto, but seemed to consider a federally-backed digital currency as a possible solution to address problems around financial inclusion in the United States. At a Wednesday session of the…
“# Stricter crypto laws will stifle innovation, says SEC Commissioner Hester Peirce ” Hester Peirce of the United States Securities and Exchange Commission has once again urged regulators to take a step back from attempting to overregulate the crypto space. Speaking to Financial Times, Peirce, affectionately dubbed “Crypto Mom” due to her positive stance on…
“# Iranian president calls for legal framework for crypto trading ” Iran is looking for ways to introduce a legal framework for cryptocurrencies while Bitcoin (BTC) mining remains under embargo in the country. During the Cabinet’s Economic Coordination Board meeting on Tuesday, Iranian President Hassan Rouhani emphasized the need to legalize cryptocurrency activities to preserve…
“# El Salvador President: Bitcoin law will be approved tonight ” Nayib Bukele, the president of El Salvador says there’s almost “a 100% chance” his bill to make Bitcoin legal tender will pass tonight. In a Twitter Spaces conversation happening now (5.20AM UTC) he said the bill was currently in debate and as his party…
“# After googling it, CFTC boss says DeFi is a ‘bad idea’ and probably illegal ” Commissioner Dan M. Berkovitz of the Commodity Futures Trading Commission (CFTC) believes DeFi derivatives platforms may contravene the Commodity Exchange Act (CEA). Speaking as part of a June 8 keynote address dubbed “Climate Change and Decentralized Finance: New Challenges…
“# Mexico lawmakers aim to follow the example of neighboring countries with proposed Bitcoin legislation ” Eduardo Murat Hinojosa, a senator of the federal government of Mexico, has said he will be submitting a proposal to lawmakers seemingly aimed at crypto adoption in the country. In a tweet today, Hinojosa changed his profile picture to…