When blockchain systems reduce human involvement in transactions, the carbon benefits can be substantial, says our columnist.
New Jersey Crime Watchdog Says Crypto ATMs Need More Regulation
State regulation of crypto ATMs is poor and federal laws aren’t much better, the commission said in a report.
What Happens if All Stablecoin Users Have to Be Identified?
If the U.S. reins in pseudonymity in stablecoin transactions (as seems possible) there could be big implications for the crypto industry, says our columnist.
BitPay to Pay $500K to Settle OFAC Sanction Violation Charges
BitPay is accused of facilitating over 2,100 transactions with individuals in sanctioned nations.
‘Evil VASP’ Simulation Preps Crypto Exchanges for FATF Travel Rule
Backed by CipherTrace, TRISA looks to get virtual asset service providers (VASPs) ready for new anti-money laundering rules.
Russia’s Digital Ruble Model to Get Bank-Friendly Redesign
Banks had feared being drained of liquidity under the original concept for the digital currency.
Kia Motors America Victim of Ransomware Attack Demanding $20M in Bitcoin, Report Claims
BleepingComputer claims to have evidence that the ransomware gang DoppelPaymer is demanding 404 BTC from the car firm.
Switzerland’s ‘Crypto Valley’ Has Started Accepting Bitcoin, Ether for Tax Payments
Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs.
Malaysian Bitcoin Mining Gang Stole Over $2M in Electricity, Say Police
Police seized 1,746 bitcoin mining machines across 21 premises in raids this week.
Robinhood to Allow Deposits, Withdrawals for Cryptos Including Dogecoin
Currently, users of the popular trading app can only buy and sell cryptocurrencies within their Robinhood accounts.
US Lawmakers Looking Into China’s Role in GameStop Pump: Report
Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.
Why We Should Take Dogecoin Seriously
Dogecoin’s rise reflects the power of collective belief and a longing for a more ideal form of crypto.
Russia’s Crypto Tax Bill Passes First Reading at State Duma
The bill proposes to recognise cryptocurrency as property for purposes of taxation.
Mastercard Launches Prepaid Card for World’s First CBDC in Bahamas
The Bahamian Sand Dollar can now be used for payments anywhere Mastercard is accepted.
Coinbase Hires Former Stripe Exec as Chief Compliance Officer
Melissa Strait will take charge of Coinbase’s compliance initiatives ahead of its planned public listing.
Why the US Needs Bitcoin
Elon Musk and other VIPs have endorsed it. Here’s why the Federal Reserve should seriously consider BTC for its balance sheet.
Central Bank Digital Currencies May Drive Cash ‘Shadow Economy’ to Crypto: Reuters
“Shadow economy” participants, those who use deal mostly in hard cash for anonymity’s sake, are unlikely to be drawn to using a CBDC, according to a Reuters column.
India Plans Twin Taxes on Exchanges and Traders Before Passing Crypto Bill: Report
A senior Finance Ministry official told a newspaper that taxation does not necessarily imply legality.
World’s Oldest Central Bank Extends Digital Currency Test Till 2022
Sweden’s Riksbank said it would continue work with Accenture on a potential e-krona digital currency until next year.
Head of St Louis Fed Says Bitcoin Not a Challenge to US Dollar’s Global Dominance
James Bullard also likened bitcoin to gold as a safe-haven asset.