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Lawmakers could be swayed by the risk of a legal challenge, Schrepel believes – but in practice it may be difficult to get them to retreat from a position they share with the Council. In other areas there is less consensus on the right approach – and, for the law
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The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance (defi). The paper also makes clear the regulator’s stance regarding the anonymity of defi transactions. Paper Not Guidance for Financial Institutions The FSRA,
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The billion-dollar music industry has shown recent interest in nonfungible tokens (NFTs) as musicians everywhere are beginning to understand the power of moving away from centralized business models. This concept is currently being demonstrated by early innovators like the popular rapper Snoop Dogg, who recently acquired Death Row Records with plans
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On Feb. 6, the United States Department of the Treasury released a report under the headline “Study of the facilitation of money laundering and terror finance through the trade in works of art.” In fact, only a tiny fraction of the 40-page document is dedicated to the “Emerging Digital Art
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Last month, the lead vocalist of System of a Down, Serj Tankian, hosted an art exhibition with the non-fungible token (NFT) platform and marketplace Curio NFT. The physical and virtual-melded art show was called “Not for Touching” and this week Tankian told Cryptox.trade News that he believes NFT technology has
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Blaine Luetkemeyer, a House representative from Missouri, revisited the issue of major companies exerting control over vast swaths of the internet, something he expressed concerns about encroaching in the crypto space.Speaking at a Wednesday hearing on digital assets with The House Committee on Financial Services, Luetkemeyer addressed Bitfury CEO and
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The U.S. Securities and Exchange Commission, or SEC, announced Wednesday the title of the upcoming crypto panel for its Dec. 2 Investor Advisory Meeting will be “Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies.” Previously, on Nov. 15, the Commission announced the meeting would
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As the nonfungible tokens craze took off at the start of the year, many climate-conscious artists vocalized their disapproval of Ethereum’s energy consumption. In May, Elon Musk then derailed Bitcoin (BTC), citing the energy consumed by Bitcoin as cause for Tesla to withdraw its plans to accept BTC as payment
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In the midst of a fraught period for some high-profile United States crypto firms and financial regulators, Kraken’s chief legal officer (CLO) is calling for a dose of pragmatism going forward.Speaking on Bloomberg’s “QuickTake Stock” broadcast on Thursday, CLO Marco Santori told viewers, “You’re living in a fantasy world if you
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This Week Square to acquire Australian fintech Afterpay in
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