US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption
Four members of the U.S. House Committee on Energy and Commerce said they were "deeply concerned" that Proof-of-Work mining could increase demand for fossil fuels.
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Colombia to prevent tax evasion with national digital currency: Report
A national digital currency would help curb tax evasion in Colombia, which is estimated at up to 8% of GDP, the head of Colombia’s tax and customs agency said.
Huobi Global suspends derivative trading in New Zealand
Huobi Global claims compliance with local regulations as its reason for excluding New Zealand from its list of countries in which it operates derivatives trading.
Kevin O’Leary says sacrificing Tornado Cash worth it for institutional adoption
Mr. Wonderful thinks that crypto needs more regulation and less “crypto cowboys” like Tornado Cash creator Alexey Pertsev, who he suggested was a necessary sacrifice to create stability for institutional…
AML and KYC: A catalyst for mainstream crypto adoption
One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools.
Russia plans to roll out digital ruble across all banks in 2024
Bank of Russia started CBDC testing in 2022 and expects to implement an official banking rollout in the year of presidential elections in 2024.
South Korea’s financial watchdog wants to ‘quickly’ review crypto legislation: Report
The FSC will reportedly “make institutional supplements that will take a balanced approach to blockchain development, investor protection and market stability" on bills proposed.
Web3 helps Taiwan secure information against cyberattacks
In an effort against Chinese cyberattacks, Taiwan employs Web3 technology for decentralized file sharing post-Pelosi visit.
US Treasury sanctions USDC and ETH addresses connected to Tornado Cash
The protocol was at the center of some recent hacks and exploits in decentralized finance, including a $375-million attack in February and a $100-million hack in June.
US ethics advisory on federal employee’s crypto has basis in legislation
The Office of Government Ethics reminded federal agency ethics officers of current law and extended its interpretation of the law to mutual funds.
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