Advocates of the crypto industry in Japan demand the revision of the national tax regime for digital assets.
Existential threat? Why some banks are anxious about CBDCs
The prospect of a retail CBDC has some major banks anxious over their revenue streams.
Singapore High Court rules crypto personal property, compares it to fiat money
Judge didn’t see any difference between crypto, fiat money or shells, as long as all those objects, physical or not, share value, created by mutual faith in it.
Wyoming seeks ‘stable token’ commission head in first steps to establish state stablecoin
The state seeks someone with connections and expertise in the blockchain industry, promising a $150,000 annual salary.
Wyoming seeks ‘stable token’ commission head in first steps to establish state stablecoin
The state seeks someone with connections and expertise in the blockchain industry, promising a $150,000 annual salary.
Two more crypto bills in the US: Law Decoded, July 17–24
Last week was marked by two new legislative initiatives for the crypto industry in the United States.
Korean banks to research the stablecoins alternative
Hana Bank plans to conduct research on certificate of deposit tokens, while Woori Bank’s research department has already recently released a report on them.
US Justice Department to double its crypto team, target ransomware crimes
The National Cryptocurrency Enforcement Team, established in 2021, will be merged with the Computer Crime and Intellectual Property Section.
Indonesia launches its crypto exchange and clearing house
The platform, monitored by local regulators, will be the only space in the country where the legal exchange of digital assets is allowed.
Terraform Labs appoints new CEO from existing team: Report
Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months.
Russian CBDC by 2025? What’s happening with the digital ruble
2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then.
Russian CBDC by 2025? What’s happening with the digital ruble
2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then.
Société Générale subsidiary becomes the first fully-licensed crypto provider in France
Forge will have a right to custody digital assets, to purchase and sell them for legal tender, and to trade them against each other.
Marathon shareholders file lawsuit against company’s top management
The CEO and other top executives are being accused of a breach of fiduciary duties, unjust enrichment and waste of corporate assets.
Ripple’s major success in its court battle with the SEC: Law Decoded, July 10–17
Ripple Labs scored a partial victory in its lengthy legal battle with the United States Securities and Exchange Commission, which dates back to 2020.
FSB finalizes its recommendations for a global crypto framework
The Financial Stability Board states that crypto platforms must segregate clients’ digital assets from their own funds and clearly separate functions to avoid conflict of interest.
Congressman Torres demands an investigation of the SEC’s deal with Prometheum
The United States Securities Exchange Commission might be investigated for a “haphazard and heavy-handed approach to digital assets.”
Court: FTX spent $400 million on the acquisition of its European branch
The goal behind an overpriced buyout of the Swiss company was to get a proper European license.
Russian parliament passes a “digital rouble” bill
Document faces confirmation in the higher chamber of Russian parliament and, afterward, the President’s signature.
Report: The crypto custody market reached $448 billion in 2022
Researchers cite a rise of interest in crypto staking, made possible by the Ethereum Merge and the appearance of non-fungible tokens (NFTs) as the major developments for custody market.