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The Bavarian State Office for Data Protection Supervision, or BayLDA, reportedly began an investigation into human identity verification project Worldcoin based on concerns over biometric data.According to a July 31 Reuters report, the German data watchdog launched a probe into Worldcoin’s activities starting in November 2022. Worldcoin, a project started
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.K. Parliament is currently reviewing the Online Safety Bill (OSB) as a means of internet regulation. If approved, the government would be authorized to mandate messaging companies to create backdoors and require detailed reports of users’ online
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The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet. The Supreme Court in its observation noted that it is “unfortunate” that the government has yet to release any clear guidelines around
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The Democratic presidential candidate made the comments during a Twitter Spaces conversation with prominent Bitcoiners on Wednesday. Source
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The act’s significance “is that it allows electronic documents to be treated as legally analogous to paper if they meet certain criteria,” Law Commissioner Sarah Green told CryptoX in an emailed statement, adding that blockchain technology happens to be one of the means by which such documents can meet those
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The United Kingdom government has rejected a proposal made by the House of Commons Treasury Committee to regulate crypto retail trading in the same way it oversees gambling, highlighting that it “firmly disagrees” with the committee’s stance. A panel of British lawmakers called for regulating the U.K. crypto market similar to gambling in a
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“A system of gambling regulation, in isolation, would be unlikely to address these risk factors” such as the commingling of customer funds alleged of crypto exchange FTX, or correct problems linked to insider trading and market manipulation that are covered by traditional financial regulation, the government added. Source
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Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding.The Spring Development Bank is named after the Spring Revolution, the opposition movement led by Myanmar’s exiled National Unity
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US government moved over $297 million worth of bitcoin (BTC) seized from the Silk Road hacker in March. The total amount captured from the hacker was worth over $1 billion — 49,000 bitcoins — in
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A cryptocurrency wallet associated with the United States Department of Justice moved approximately 9,825.25 BTC worth around $299 million in a series of transactions on July 12. It’s unclear at this time whether the transactions, which appear to have ultimately propagated to at least 101 new wallets, were sent to exchange
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