Ever since the Indian government listed a cryptocurrency bill to be taken up in parliament during the upcoming session that starts next week, much debate has transpired about whether the government will ban cryptocurrencies, such as bitcoin and ether. Crypto Regulation Is Coming but There Are Conflicting Accounts About What Is In It Indian crypto…
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Developers of anonymous decentralized finance (DeFi) protocol DarkFi, Amir Taaki and Rachel-Rose O’Leary, say that the development of zero-knowledge cryptography might be the key to survive a looming regulatory crypto winter which might split the DeFi industry into tightly-regulated and unusable Regulated DeFi (RegFi) and frictionless and private Dark DeFi (DarkFi) after 2022. … Read More:…
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“The Law Commission’s analysis demonstrates the flexibility of the common law to accommodate technological developments, particularly in the context of smart legal contracts,” said the announcement. The U.K. Law Commission, tasked with monitoring the laws in the United Kingdom and recommending reforms, has said England and Wales do not need statutory law reform for smart…
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U.S. Senator Sherrod Brown has sent letters to cryptocurrency exchanges and stablecoin issuers, including Coinbase, Gemini, Binance, and Tether, asking how they are protecting consumers and investors. “I have significant concerns with the non-standardized terms applicable to redemption of particular stablecoins,” the senator said. US Senator Raises Concerns Regarding Stablecoins U.S. Senator Sherrod Brown (D-Ohio),…
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South Korea’s gaming regulator has reiterated its stance that games that feature tradeable non-fungible tokens (NFTs) cannot be distributed in the nation. As previously reported, in 2019, the Game Rating and Administration Committee (GRAC) refused to issue a rating to Infinity Star, a game developed by the domestic firm NodeBrick – citing NFTs as its main reasoning…. Read More: South…
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Nearly $3 billion in BTC options expire on Nov. 26, and bears are better positioned below $58,000. Bitcoin’s (BTC) price action hasn’t been bullish despite the $69,000 all-time high on Nov. 10. Some argue that th descending channel formed 40 days ago is the dominant trend, and $56,000 marks its current resistance. BTC/USD price on…
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French financial sector regulator Autorité des Marchés Financiers (AMF) has announced that crypto exchange Binance needs to intensify its efforts to ensure anti-money laundering compliance if it wants the agency’s backing for its plans to launch a regional registered office in the country’s capital…. Read More: Binance Must Intensify AML Compliance For Paris Expansion –…
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Karl Sebastian Greenwood, one of the masterminds behind the Onecoin pyramid scheme, recently used a contraband mobile phone to move at least $20 million while holed up in a prison in the United States, an attorney for one of the scheme’s victims has said. Onecoin Mastermind Taking Advantage of Regulators’ Failures The lawyer representing victims…
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The Council of the European Union has adopted a position on two proposals – the Regulation on Markets in Crypto Assets (MiCA) and the Digital Operational Resilience Act (DORA) – that are part of the European Union’s much-discussed digital finance package. Owing to this, the Council doted itself with a negotiating mandate for trialogue talks…
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Reports from Chinese provincial law enforcement agencies appear to show that crypto crime is still on the up – despite a nationwide crackdown on crypto and mining exacted in September this year…. Read More: Crypto Crime Still Rising in China Despite Crackdown, Warn Authorities Read more »Pay, Trade, Buy Bitcoin with Credit Card
