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Jailed French Crypto ‘Fraudster’ Loses Appeal in Morocco
4.5.2023
A French crypto “fraudster” has had his jail sentence upheld in Morocco – after a court found him guilty of using Bitcoin (BTC) to buy luxury goods.
Per the French media outlet BFMTV, the man’s name is Thomas Clausi (21).
Clausi, a native of Moselle in eastern France, was originally jailed...
Republican U.S. Congressmen Demand Answers on the Biden Administration’s Crypto Stance
3.5.2023
U.S. Congressional Republican lawmakers demanded answers from the White House’s Council of Economic Advisers about the council’s “rationale” on issues ranging from legislation to central bank digital currencies.
Reps. Warren Davidson of Ohio and Mike Flood of Nebraska wrote a letter to...
Democratic Presidential Candidate Robert F. Kennedy Jr. Says It Is a “Mistake” To Hinder Crypto
3.5.2023
Democratic presidential candidate Robert F. Kennedy Jr. has taken to Twitter over the past day or so to air his thoughts about cryptocurrency regulation.
Kennedy most recently criticized the Biden Administration’s renewed call to propose a 30 percent tax on crypto-mining, calling it a “bad...
New Report: SEC Crackdown Might Benefit Crypto Sector in the Long Run – Here's Why
3.5.2023
The ongoing crackdown on crypto companies by the US Securities and Exchange Commission (SEC) could benefit crypto in the long run, according to an editorial by Bloomberg.
The reason why the Bloomberg editors see benefits in the crackdown is that it represents an opportunity for crypto to gain...
Blockchain Association Packs Up Out of NY To Focus on Federal Crypto Policy
3.5.2023
The Blockchain Association is moving out of New York.
One of the biggest cryptocurrency lobbying groups said it had plans to shift resources out of the state to focus on federal policy....
Read More: Blockchain Association Packs Up Out of NY To Focus on Federal Crypto Policy
White House Council Reignites 30 Percent Tax on Crypto Mining
3.5.2023
The White House is pushing to tax cryptocurrency miners to “pay their fair share” for the costs inflicted on local communities and the environment.
Electricity used in crypto-mining was similar to what is used to power all of the country’s home computers or residential lighting, the White House’s...
Coinbase debuts international exchange following feud with a U.S. regulator
3.5.2023
The largest U.S.-based cryptocurrency exchange launched the Coinbase International Exchange, which will be open to institutional investors outside the U.S., following tension with the Securities and Exchange Commission over the past few weeks.
Institutional investors will be able to trade...
Digital Currency Group's Q1 2023 Revenue Jumps, CFO Michael Kraines Resigns – Here's the Latest
3.5.2023
Barry Silbert’s crypto conglomerate Digital Currency Group (DCG) saw its revenue rise 63% in the first quarter compared to the prior quarter, but it was still down on a year-over-year basis.
For the first quarter this year, DCG’s revenue totaled $180 million, up a respectable 63% from the prior...
Legal Twist Let South Korean Treasury Make $3.7m from Seized Crypto
3.5.2023
A legal twist allowed the South Korean Treasury to make a large profit on crypto seized by law enforcers in 2018 – and liquidated while Bitcoin (BTC) was trading for just under $40,000.
Recently published legal documentation shows that the Busan District Prosecutor’s Office seized coins “worth...
“Binance Japan” Set to Launch in June – Which Country Comes Next?
2.5.2023
The crypto exchange giant Binance is set to launch “Binance Japan” next month by rebranding a Japanese exchange it bought late last year.
Binance snapped up shares in the Sakura Exchange BitCoin (SEBC) trading platform in a deal finalized at the end of November 2022.
And per an official SEBC...
A16z Crypto Calls for 'More Nuanced' UK Regulatory Framework for Digital Assets
2.5.2023
Venture capital giant Andreessen Horowitz, better known as a16z, has called for a “more nuanced” approach to crypto regulations in the UK, saying the current don’t distinguish between risky centralized crypto systems and less risky decentralized systems....
Read More: A16z Crypto Calls for 'More...
"Shark Tank" Meets Crypto: CoinMarketCap Launches "Killer Whale" TV Show
2.5.2023
Major crypto price tracking site CoinMarketCap is venturing into the world of reality TV with the launch of “Killer Whales,” a new contest show focused on Web3.
The show, inspired by the popular TV series “Shark Tank,” is being produced in partnership with Web3 entertainment company Hello Labs...
Mastercard Crypto Credential to boost blockchain transaction trust
1.5.2023
Given that trust is built through transparency and accountability, and to support these efforts, Mastercard has established a standard for blockchain-based systems that helps users understand their rights and responsibilities in the system. This standard helps ensure users know who is responsible...
Generative AI: Legal Challenges and Opportunities in the Crypto World
30.4.2023
Artificial Intelligence has been very much in the news lately, and it seems that every day we hear about new amazing things that can be done with this technology. Yet with great power come great challenges. There are currently legal questions regarding A.I. content, that once sorted out, will open...
JPMorgan Pursues Tokenization Plans Despite Crypto Downturn and Regulatory Hurdles
28.4.2023
Major Wall Street investment bank JPMorgan is moving forward with its push to tokenize traditional financial assets despite last year’s market downturn.
According to Tyrone Lobban, the head of JPMorgan’s digital asset and tokenization platform Onyx, the bank has already processed close to $700...
Visa to Develop Brazilian Blockchain-powered CBDC Project
28.4.2023
The payments giant Visa has unveiled a new blockchain and central bank digital currency (CBDC) project in Brazil.
Per the Brazilian media outlet Livecoins, the firm was selected by the Brazilian central bank to “explore” “innovative” on blockchain technology-powered “usage cases” for the prototype...
New Ukrainian Crypto Regulations to Debut by Year’s End – Here’s All You Need to Know
28.4.2023
Ukraine is set to roll out new, EU-inspired crypto regulations, with Kyiv hoping to impose the rules before the year is out.
Forbes Ukraine reported that the National Commission on Securities and the Stock Market, the Ministry of Digital Finance, the National Bank of Ukraine (the central bank)...
China's Metaverse Geared Towards Work and Health – Is This the Future?
27.4.2023
As Meta and other Western tech giants seek to create virtual worlds for consumers in the metaverse, China is taking a different approach.
The Chinese government is backing technologies that it sees as strategic and setting rules to govern what can go on in cyberspace. Rather than creating...
French Crypto Traders Declared $442 Million Worth of Profits in Recent Tax Year – Here's the Latest
27.4.2023
French taxpayers declared some $442 million worth of crypto trading profits in the most recent tax year, per the nation’s tax body.
Per Le Figaro, the figure was “substantial,” but was “10 times lower than the estimates of the gains made in 2021.”
The body made its claim based on the number...
Bahamas Securities Commission Unveils Draft Digital Assets Act in Response to FTX Scandal – Here's the Latest
27.4.2023
The securities regulator in the Bahamas has unveiled a new piece of draft regulation developed as a response to the collapse of the Bahamas-based crypto exchange FTX.
The new bill, titled the Digital Assets and Registered Exchanges (DARE) Bill 2023, is an update to the original DARE Act of 2020....