CBDC activity heats up, but few projects move beyond pilot stage
Does government-issued digital money pose an existential threat to cryptocurrencies? Probably not, but stablecoin usage could narrow.
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Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament
A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party…
5 state regulators allege organization is tied to Russia, scamming users using metaverse casino
"The same rules that apply to investments in the physical world continue to apply to investments in virtual worlds," said the regulators.
US Treasury Secretary reaffirms need for stablecoin regulation following UST crash
Janet Yellen said it would be “highly appropriate” to aim for “a consistent federal framework” on stablecoins by the end of 2022 in the U.S., given the growth of the…
UK government targets crypto in latest legislative agenda
The Queen’s Speech for the State Opening of Parliament included bills supporting “the safe adoption of cryptocurrencies" as well as authority to "seize and recover crypto assets.”
Nvidia to pay $5.5M as part of SEC case concerning ‘inadequate disclosures’ around crypto mining
"All issuers, including those that pursue opportunities involving emerging technology, must ensure that their disclosures are timely, complete, and accurate," said Kristina Littman.
Georgia to Unveil New Cryptocurrency Law by This Fall
Authorities in Georgia are now holding discussions with industry representatives to finalize a bill designed to regulate coin trading, among other crypto-related activities. The legislation will be presented to the…
CFTC commissioner appoints crypto-experienced CME Group director as chief counsel
During his time at the CME Group, Bruce Fekrat regulated crypto reference rates and helped in the development of financial products, including BTC and ETH derivatives.
California governor issues blockchain executive order building on US President’s regulatory efforts
"We’re getting ahead of the curve on this, laying the foundation to allow for consumers and business to thrive," said California Governor Gavin Newsom.
From within: Dubai’s virtual asset regulator plans to open HQ in metaverse
The move came less than two months after Sheikh Mohammed bin Rashid Al Maktoum established VARA and announced a new legal framework for crypto in Dubai.
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