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GitHub unbans Tornado Cash repositories following OFAC guidance

Crypto mixer Tornado Cash has returned to the software development platform GitHub after several weeks of being banned on the website.Ethereum developer Preston Van Loon took to Twitter on Thursday to report that GitHub has partly unbanned the Tornado Cash organization and contributors on their platform. The developer suggested that Tornado

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US Senator Wants Congress to Step in With Crypto Guidance — Urges SEC to Provide Much More Clarity on Regulations – Regulation Bitcoin News

U.S. Senator Pat Toomey says Congress should step in and provide a regulatory framework for cryptocurrency. He stressed that the U.S. Securities and Exchange Commission (SEC) is not sharing its framework for regulating crypto with lawmakers, noting that Chairman Gary Gensler “owes us much more clarity on how and why

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SEC’s Crypto Guidance Pushes US Banks to Rethink Custody Projects: Report

In March, the SEC said all U.S.-listed public companies that function as crypto custodians should account for their crypto exposure as liabilities instead of assets on their balance sheets, and disclose risks associated with those assets to investors. The custody of crypto assets by lenders present unique technological, legal and

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Crypto Banks Are One Step Closer to Reality Under New Fed Guidance

After over a year, the Federal Reserve published final guidance detailing how it will assess reserve account applications from banks, ranging from federally supervised entities with deposit insurance to novel financial institutions with state charters. That’s right, folks, we’re talking about Wyoming’s Special Purpose Depository Institutions (SPDI). Original Source

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It Doesn’t Matter If They’re Wrong, Central Bankers Set Guidance for Crypto, Too

Sure, the Russian invasion of Ukraine, which central bankers and the Biden administration have noted to explain rising prices, wasn’t something anyone could have predicted, but that’s the point. In an economy that’s so heavily dependent on the broader, global economy, something unexpected happening is almost inevitable. Source

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European Central Bank addresses guidance on licensing of digital assets

The European Central Bank, or ECB, laid the foundation for the criteria it would be considering when harmonizing the licensing requirements for crypto in Europe.In a Wednesday statement, the ECB’s banking supervision division said it would be taking steps to regulate digital assets given “national frameworks governing crypto-assets diverge quite

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