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But some in the industry have warned that regulation could generate uncertainty in a nascent industry. Responding to Rodolphe's comments, Sakhib Waseem, Chief Innovation Officer at Switzerland's Astra Protocol, also told CoinDesk it could undermine the whole philosophy of DeFi, as supervisors in the U.S, EU and globally will tend
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Prince Charles promised legislation on economic crime and financial services as he formally opened a new session of parliament. Source
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Australian Senator Andrew Bragg hasmet with U.S. Senator Cynthia Lummis to discuss potential collaboration on cryptocurrency regulation between the two countries. Senator Bragg is a crypto-friendly politician from the ruling Liberal Party (a conservative center right party) that has been one of the driving forces behind a proposed forward-thinking regulatory
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The largest cryptocurrency by market capitalization was recently trading just over $39,200, up over 2% over the last 24 hours. Ether, the second-largest crypto by market cap, was changing hands at roughly $2,880, a more than 1.9% gain over the same period. Trading volume and volatility remained at low levels
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Are Crypto ‘Legal Tender’ Laws Even Necessary? Original Source
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The letter, seen by CryptoX and signed by academics, lobby groups and senior executives from companies such as Ledger, Aave and Blockchain.com, says current proposals to identify crypto users, known as the travel rule, endanger privacy and innovation in the EU. Source
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The Financial Action Task Force, or FATF, reported that many countries, including those with virtual asset service providers (VASPs), are not in compliance with its standards on Combating the Financing of Terrorism (CFT) and Anti-Money Laundering (AML).In a report released Tuesday on the "State of Effectiveness and Compliance with the
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The article, the second deep dive into crypto by the Times in the last month, highlights mainstream media's increased coverage of the space. Source
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Nischal Shetty, one of the most prominent figures in India’s crypto industry, talks candidly and at length about what’s at stake with the country’s new tax provisions. Original Source
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The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury has said it expects the proposals to include
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