Criminalizing Rug Pulls: Senator Kevin Thomas Proposes New Regulations
Rug pulls have grown to become a menace in the space of decentralized finance and have resulted in hundreds of millions stolen from users. Being amongst the most common types…
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Banco de Mexico Will Launch Its CBDC In 3 Years
On April 21, Victoria Rodriguez Ceja, Governor of the Bank of Mexico (Banxico), said during a hearing before the Mexican Senate that the CBDC (MDBC) “will be in circulation” by…
Cardano Integrates On-Chain KYC in Compliance With Regulations
Blockpass, a digital identity verification provider partnering with various crypto wallets and exchanges, has started offering KYC services to Cardano’s commercial arm, EMURGO. Cardano-based addresses will be added to the…
French President Macron Supports Blockchain Innovations but Vows for Regulations
The French president has been known for his ambition of making the country a “startup nation” that is friendly to new technologies and appealing to talents and capital. When campaigning…
23 Congressional Democrats Call for Investigating Proof-of-Work Facilities
Proof-of-work (PoW) protocols have been under fire for years due to their massive energy consumption – particularly hurting the battle against climate change. The latest censure against the mining industry…
Belarus Adopts Legal Procedure for Seizure of Illicit Cryptocurrency
Implementing a recently signed presidential decree, the government of Belarus has introduced a procedure allowing the state to seize digital currency holdings. The move will grant law enforcement authorities in…
Korea’s Largest Crypto Exchange Could Face Stricter Regulations: Report
The Korea Fair Trade Commission (KFTC) is reportedly ready to impose tougher regulations on Dunama – the parent company of the country’s largest crypto exchange, Upbit – by classifying it…
US Sanctions Its First Cryptocurrency Mining Company —And It Is From Russia
The U.S. government has just sanctioned the first cryptocurrency mining company, which also happens to be from Russia. This comes a day after the IMF warned that Russia could potentially…
Russian Bankers Suggest Criminalizing Crypto Storage in Non-Custodial Wallets
Keeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention,…
Republic of Ireland to Prohibit Political Cryptocurrency Donations
The government of Ireland is preparing to ban political parties from accepting campaign donations in cryptocurrency. The move aims to block the perceived threat of Russian interference in the European…
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