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“#Russia sends written response to US over Ukraine crisis proposal” Russia has sent a written response to the United States’ de-escalation proposal regarding the Ukraine crisis after the two countries publicly exchanged verbal blows in a heated U.N. Security Council debate, according to three officials with the Biden administration. The officials, who spoke to the…
“# Law Decoded: Russia flounders, America competes, IMF keeps fuming, Jan. 24–31 ” One of the most fascinating implications of the collision between traditional political institutions and the crypto space is how it can reveal the glaring lack of cohesion within power systems that otherwise look monolithic. Digital assets reside in a parallel policy dimension…
“# WEF’s blockchain head will lead the Crypto Council for Innovation ” Sheila Warren, the head of blockchain and distributed ledger technology at the World Economic Forum, will be assuming the position of CEO of the Crypto Council for Innovation, or CCI, starting in February. In a Monday announcement, the CCI said that beginning on…
“# UNICEF calls for child safeguards amid mainstream crypto adoption ” The United Nations Children’s Fund has called for incorporating child safeguards into online child protection initiatives, citing financial and exploitative threats posed by unregulated crypto markets. UNICEF’s “Prospects for children in 2022” report, which examines the impact of global trends on children, anticipates further mainstream…
“# Bitcoin miners believe global hash rate to grow ‘aggressively’ ” Bitcoin (BTC) seems to be on everyone’s mind lately as the world recently witnessed the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin reached six-month lows, sinking below $40,000 for the first time in months. While…
“# SEC approves BSTX for blockchain settlements on traditional markets ” The Boston Security Token Exchange (BSTX), a new facility of the Boston-based BOX exchange, received regulatory approval from the United States Securities and Exchange Commission (SEC) to operate as a blockchain-based securities exchange. BSTX was launched jointly by BOX and Overstock’s blockchain arm tZERO,…
“# Clampdown on crypto ads: A one-off or a new phase of global regulation? ” Over the last week, regulators in three major jurisdictions across two continents introduced new rules governing cryptocurrency-related promotions and advertisements. Citing consumer risks associated with digital asset investments, authorities in the United Kingdom, Singapore and Spain tightened the requirements around…
“# House members urge US treasury secretary to clarify definition of broker in infrastructure law ” A bipartisan group of members from the U.S. House of Representatives called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed into law in November around the definition of “broker.” In a Wednesday letter,…
“# Crypto policy advocacy group warns of ‘disastrous’ provision in a new US bill ” Jerry Brito, the executive director of non-profit crypto policy advocate group Coin Center, suggested U.S. residents call their elected officials over possible privacy and due process concerns in a new bill proposed by House leaders. According to a Wednesday Twitter…
“# U.S. Congressman calls for ‘Broad, bipartisan consensus’ on important issues of digital asset policy ” In a letter to the leadership of the United States House Financial Services Committee, ranking member Patrick McHenry took a jab at “inconsistent treatment and jurisdictional uncertainty” inherent in U.S. crypto regulation and called for the committee to take…