Polychain, Arca Propose Anchor Protocol Yield Cut
Backed by industry heavyweights, a governance proposal for Anchor aims to make the largest DeFi protocol on Terra more sustainable. Original Source
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Private Banks Propose to Help Design Digital Currency in Mexico – Bitcoin News
Private banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks
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State Lawmakers in Illinois, Georgia Propose Tax Incentives for Bitcoin Miners
But to qualify for the Illinois tax incentive, existing and new enterprises looking to make use of the incentive must first make an investment of no less than $250 million in the state and create at least 20 full-time jobs. Within two years of qualifying, enterprises must also certify they
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European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year – Finance Bitcoin News
The executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish the legal basis for the digital version of the common European fiat. A draft is expected in 2023. EU Finance Chief
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Cardano Developers Propose Block Size Increase
The proposal will increase Cardano’s block size to 80KB from the current 72KB in line with a broader plan for increasing network capacity. Original Source
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Wyoming Sen. Lummis to Propose New Crypto Regulator, Clear Guidance in 2022 Bill
Lummis, who sits on the Senate Banking committee, wants nothing short of full normalization for digital assets in the U.S., the aide said. Her upcoming bill will propose doing just that with federal rules for stablecoins, consumer protection provisions and updated taxation guidance, as well as a new watchdog: a
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Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies – Regulation Bitcoin News
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions, including wallets, will also be brought under the financial regulator’s oversight. Japan to Tighten Stablecoin Regulation Japan’s Financial Services Agency
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Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance
According to The Nihon Keizai Shimbun (Nikkei), one of the world's largest financial newspapers and the entity behind the Nikkei 225 stock index, Japan's Financial Services Agency, or FSA, will propose legislation next year restricting stablecoin issuance to only bank and wire transfer companies. Theoretically, this would prevent entities such
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Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism – Bitcoin News
Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks
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US Senators Propose Tracking Foreign Crypto Mining — CoinDesk
These groups would also be charged with estimating how much crypto was mined overall between 2016 and 2022, and identify which cryptocurrencies were mined. It is unclear whether mining in the context of the bill refers solely to cryptocurrency mining through proof-of-work coins like bitcoin, or if proof-of-stake coins would
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