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“# It’s not about data ownership, it’s about data control, EFF director says ” As technology advances, personal data becomes an increasingly relevant topic. Many in the crypto industry hold sovereign finance and data privacy in high regard. Participants’ best efforts may be undermined by centralized businesses and regulating bodies, however, according to Cindy Cohn. Cohn is…
“# China’s central bank plans digital yuan pilot for payments to Hong Kong ” China’s central bank and the Hong Kong Monetary Authority, or HKMA, are in the preliminary stages of piloting the digital yuan for cross-border payments — underscoring another key development in the rollout of a central bank digital currency, or CBDC. In…
“# Law Decoded: New threats to self-custody take shape in the US, Nov. 27–Dec. 4 ” Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note For several weeks, rumors have circulated in the United States that the Treasury Department under Steven Mnuchin is…
“# OCC leader Brian Brooks: ‘Nobody’s going to ban Bitcoin’ ” Brian Brooks, the head of the Office of the Comptroller of the Currency, said regulators are not looking to “kill” Bitcoin (BTC) but instead ensure its smooth integration into the financial system. In an interview with CNBC’s Squawk Box on Friday, Brooks said: “We’re…
“# DeFi and Eth 2.0 are whole new convos for regulators, says SEC’s Hester Peirce ” Hester Peirce, commissioner for the United States Securities and Exchange Commission, explained during an exclusive interview with Cointelegraph that decentralized finance, also known as DeFi, has created new challenges for the SEC. Peirce, nicknamed “Crypto Mom” for her interest…
“# One of Pakistan’s four provinces urges federal gov’t to legalize crypto ” The assembly of Khyber Pakhtunkhwa, a province in northwestern Pakistan, has become the first legislative assembly to call for changes in the country’s stance toward cryptocurrencies. As previously reported, Pakistan has, to date, been relatively slow to introduce new frameworks for digital…
“# Caitlin Long calls on SIM swap victims to help resurrect Wyoming bill ” Caitlin Long, founder and CEO of Avanti Financial, is asking crypto users and others to testify in support of a piece of legislation which could help stop SIM swap attacks. In a tweet posted today, Long requested that any of her…
“# SEC’s fintech wing leaves the nest, becoming stand-alone office ” Per a Dec. 3 announcement, the Securities and Exchange Commission’s fintech team will become an independent office. Initially launched in 2018 under the guidance of Bill Hinman, the SEC’s Strategic Hub for Innovation and Financial Technology, or FinHub, has been a leading force in securities…
“# Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO ” There are technical limits to even the most technologically ambitious of central banks. So says Sky Guo, CEO of Cypherium — an enterprise blockchain platform that has partnered with a number of Chinese cities and has worked with…
“# OCC works to win back House Democrats, still miffed at leader’s focus on crypto ” The U.S. Treasury’s Office of the Comptroller of the Currency is expanding an outreach program designed to provide access to minority depository institutions, or MDIs. Per a Thursday announcement shared with Cointelegraph, the OCC’s Project REACh is expanding to…