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US Representatives Add Digital Currencies to the 2021 Defense Bill
6.12.2020
The United States government is preparing to pass the 2021 National Defense Authorization Act (NDAA) and the latest bill includes a broad definition of currencies and includes “digital currencies.” However, after more than 50 NDAA bills passed, President Donald Trump plans to veto...
Facebook’s Diem stablecoin is an existential threat to traditional banking
5.12.2020
Stablecoins are an integral part of the future of the financial system. And Facebook’s Diem, formerly Libra, is part of that future
Law Decoded: New threats to self-custody take shape in the US, Nov. 27-Dec. 4
4.12.2020
Tentative clampdowns coming from both the Treasury and the House in the United States lead this week's Law Decoded
Unbanked Hong Kong Chief Carrie Lam: “I Have Piles of Cash at Home”
4.12.2020
Hong Kong Chief Executive Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. Alongside 14 Chinese and Hong Kong officials, Lam has been slapped with punitive measures that effectively cut her off from the banking system. The US government...
OCC leader Brian Brooks: ‘Nobody’s going to ban Bitcoin’
4.12.2020
Forthcoming regulations are “going to be a lot less bad than people will worry about.”
DeFi and Eth 2.0 are whole new convos for regulators, says SEC's Hester Peirce
4.12.2020
United States SEC Commissioner Hester Peirce wants to focus on new guidance for DeFi and future Ethereum projects
A Pakistani Provincial Government Passes Crypto-Friendly Draft Resolution
4.12.2020
In Pakistan, a provincial government has passed a draft resolution on December 2, 2020, that demands the federal government to take steps towards legalizing both cryptocurrencies and crypto-mining activities. A Crypto-Friendly Draft Resolution Approval Sets a Precedent in Pakistan The Provincial...
UN blockchain tool aims to improve land registry in Afghanistan's cities
4.12.2020
The United Nations wants to tackle urban challenges like land grabbing and inefficient use of space with blockchain technology
Swiss National Bank and BIS complete digital currency proofs-of-concept
4.12.2020
The Swiss National Bank and BIS don't want to miss out on possible blockchain-powered benefits for the financial system
Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO
3.12.2020
Despite ambitions of overtaking the dollar, China's central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand
OCC works to win back House Democrats, still miffed at leader's focus on crypto
3.12.2020
Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks
Bitcoin is the ‘ultimate anti-lockdown investment,’ says Nigel Farage
3.12.2020
The Financial Times scorns Nigel Farage for his apparently predictable embrace of libertarian cryptocurrency influencers
The Australian Senate just voted to kill the $10,000 'cash ban' bill
3.12.2020
A controversial bill to ban the use of cash for transactions over $10,000 has been voted out by the Australian Senate
Chinese State-Run Media Believe BTC Price Surge Is Just ‘Hype’ While Praising Blockchain
3.12.2020
Two Chinese state-run media outlets have published a brief news item urging citizens to focus more on blockchain technology than on the “hype” of the recent surging Bitcoin prices across the board. China’s Government to Focus on Blockchain Both Sina and Xinhuanet have stated that...
US lawmakers seek to make stablecoins illegal without federal approval
3.12.2020
A new bill introduced to Congress seeks to control the entire stablecoin industry by requiring all related activities to obtain federal approval first
Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year
2.12.2020
A number of masterminds from the Plustoken scam were sentenced to 11 years in prison for defrauding cryptocurrency investors. Last week, on November 19, a court ruling had shown the Chinese government said that it seized over $4 billion in crypto assets from the Plustoken scam. Meanwhile, onchain...
Microsoft Report says Nation-State Hacker Group is Leveraging Cryptocurrency Techniques to Stay Under the Radar
1.12.2020
A new security report by Microsoft says nation-state hacker group Bismuth is now deploying cryptocurrency-mining malware alongside its regular cyber-espionage toolkits. According to the report, the deployment by Bismuth of Monero coin miners in recent campaigns has provided another way for...
Libra rebrands to Diem, hoping to shake off associations
1.12.2020
The project is hoping that a new name will help people forget the mass regulatory panic that drowned out Libra's initial announcement
Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered
1.12.2020
The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims...
South Korea to delay new tax regime on cryptocurrencies until 2022
1.12.2020
The postponement follows a successful lobbying campaign by local crypto advocates