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“# Bitcoin greenwashing? Lawmakers want clearer definitions of green energy ” Legislators in the United Kingdom have asked for greater regulatory powers to combat the rise of financial “greenwashing” — a deceptive practice where a company overstates or fabricates the extent of its green energy usage. A report by the House of Commons cross-party Treasury…
“# Our Man in Shanghai: DogeMania, ‘Dog-Coin’ trademark dogfight, hashrate outage, government warms up to crypto ” The big news this week happened on April 16th, when a major power outage in Xinjiang wreaked havoc on the BTC hash rate. According to local sources, the hash rates on Ant Mine Pool fell by 21.93%, BTC.com…
“# Jackson, Tennessee follows Miami’s lead to adopt Bitcoin operations ” Jackson, Tennessee is the latest city in the United States moving to adopt Bitcoin (BTC) payments and mining, following recent crypto developments in Florida. Jackson Mayor Scott Conger announced Wednesday that the city is actively exploring the option to pay its employees in cryptocurrency…
“# New digital dispute rules aim to keep crypto disagreements out of court ” A British government-sanctioned task force has proposed a dispute resolution framework that would keep cryptocurrency and smart contract disagreements out of the courts. A 14-page report published by LawTechUK’s “U.K. Jurisdiction Taskforce” puts forward new Digital Dispute Resolution Rules that aim…
“# China’s digital yuan could be a fatal blow for Macau casino junkets ” Beijing’s bid to better control money laundering and illicit transactions through a fully-traceable central bank digital currency could pose a threat to the country’s popular gambling hub Macau. A hotspot for tourists — of which 70% come from mainland China — the…
“# EU regulators reportedly scrutinize Binance over securities law compliance ” Cryptocurrency exchange Binance’s latest product — digital stock tokens representing fractions of equity shares like Tesla and Coinbase — is reportedly being studied by European and British regulators over its possible non-compliance with securities laws. A new report from the Financial Times claims that…
“# Despite scams, Australian securities regulator keen to support crypto industry ” The Australian Securities and Investments Commission, or ASIC, has expressed its desire to support the crypto industry, noting the challenges associated with regulating innovative technologies. Speaking as part of a panel during Australian Blockchain Week on April 22, ASIC commissioner Cathie Armour described…
“# Norwegian authorities urge crypto users to declare earnings on upcoming return ” The Norwegian Tax Administration has issued a warning to crypto traders in advance of Norway’s April 30 deadline to file tax returns. According to a notice from the Norwegian Tax Administration on Wednesday, the government agency advises all taxpayers who owned or…
“# Expert explains why Britain needs a digital pound ” The United Kingdom Chancellor of the Exchequer announced the launch of a CBDC task force this week, bringing together the Bank of England and Her Majesty’s Treasury to coordinate the exploration of a potential central bank digital currency. Depending on the feedback received from various areas…
“# ICO fraudster pleads guilty to $7m Covid-relief loan scam ” A 24-year-old New York resident has pleaded guilty to acquiring more than $7 million in Covid-19 relief through fraudulent loan applications and misleading investors in a fraudulent initial coin offering during 2018. According to an April 20 announcement from the U.S. Department of Justice,…