Australian liberal senator Andrew Bragg released a draft bill to provide regulation of stablecoins, digital asset exchanges, and disclosure requirements for the Chinese CBDC, e-Yuan, on Sept. 19. The draft bill, titled “Digital Assets (Market Regulation) Bill 2022”, welcomes stakeholder consultation before its clearance on Oct. 31. Braggs explained that Australia is falling behind the…
Justin Trudeau has called out the newly elected leader of Canada’s Conservative Party for his pro-crypto views. In a series of tweets on Sept. 13, the Prime Minister of Canada said that his party will continue to work with members of the Conservative Party but won’t shy away from calling out “questionable, reckless economic ideas”…
Blockchain advocacy group Chamber of Digital Commerce has called on the SEC to approve a spot Bitcoin ETF to prevent U.S. Bitcoin investors from turning to more crypto-friendly countries. A bitcoin exchange-traded fund (ETF) allows investors to gain exposure to Bitcoin without actually owning any. It can be traded on stock market exchanges making it…
Deputy Finance Minister Alexey Moiseyev has confirmed that Russia is working with crypto-friendly countries to facilitate cross-border payments using stablecoins as sanctions from U.S and U.K. mount, local news TASS reported on Sept. 6. The Finance Minister and Central Bank had earlier agreed that Russia can’t do without cross-border settlements in cryptocurrency. Consequently, Russia is developing…
The biggest news in the cryptoverse for Sept. 5 includes Binance ceasing support for USDC, Michale Saylor calling Bitcoin Lightning Network the most important technology and FatManTerra tricking his followers with a fake investment scheme. CryptoSlate Top Stories Binance will stop supporting USDC, certain other stablecoins by Sept. 29 Binance will reportedly cease support for…
The biggest news in the cryptoverse for Aug. 29 includes the liquidation of $9 million in Bitcoin shorts, a report showing that the majority of GameFi investors are interested in profit rather than gameplay and Ava Labs’ CEO denying CryptoLeaks’ allegations that it had a deal with law firm Roche Freedman to use “litigation as…
Satoshi Action Fund CEO Dennis Porter proposed a radical alternative to President Biden’s student debt forgiveness plan. Instead of forgiving $10,000 in student debt, Biden should have given each person $10,000 in #Bitcoin, locked up for 10 years in a smart contract that pays off the remaining balance of the student debt once it’s released….
The Security Service of Ukraine (SSU) said on August 24 that it seized $19,500 from a crypto wallet that was being used to fund a Russian group, according to a press release. According to the release, the agency implemented a mechanism to identify and block wallets raising funds for the Russian army. Intelligence gathering led…
In the spirit of transparency, Ukraine’s Ministry for Digital Transformation has published a financial report detailing how it spent the $54.6 million worth of funds raised from the crypto community. Ukraine’s Minister for Digital Transformation Mykhailo Fedorov shared the report in a tweet on Aug. 17, with most of the expenditure going in support of…
U.S. Secretary of State Anthony Blinken warned that the administration would continue to “aggressively pursue” crypto mixers suspected of laundering illicit funds. We’ll continue to aggressively pursue actions against currency mixers laundering virtual currency for criminals. Today, @USTreasury sanctioned virtual currency mixer Tornado Cash, which has been used to launder money for a U.S.-sanctioned DPRK…