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Keeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention, lawmakers and experts doubt it’s possible to implement such a measure. Russian Banks Move to Curb Use of Private Cryptocurrency
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The Cardano network is no stranger to accelerated growth but every now and then, there is a spike that causes the market to take a pause. This has been the case with the number of new wallets added on a daily basis which had reached a high of 7,600 new
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A major Russian banking association wants to criminalize keeping your own cryptocurrency keys.The Association of Banks of Russia, an organization including more than 300 Russian banks and financial institutions, has called on lawmakers to criminalize storing crypto outside of centralized exchanges on noncustodial wallets, local news agency Izvestia reported on
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"The fact that Tornado Cash doesn't allow access to its app to comply with regulations doesn't necessarily mean that the protocol and smart contracts are not available to the sanctioned entities," Tal Be'ery, the chief technology officer of crypto wallet ZenGo, told CoinDesk in a direct message. Original Source
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The French cybersecurity startup raised $13.5 million in seed funding to expand its product securing the digital assets of fintech companies and banks. Original Source
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Cryptocurrency and stock trading app Robinhood will roll out its digital wallet feature for 2 million additional users.In a Thursday announcement at the Bitcoin 2022 Conference in Miami, Robinhood chief product officer Aparna Chennapragada said eligible customers who had been on the waitlist for the digital wallet — more than
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Last week, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties, Justice and Home Affairs (LIBE) voted in favor of a regulatory update that could compromise the exchange platforms’ ability to deal with noncustodial crypto wallets. Should the regulatory project make it to
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The European Parliament continued to keep crypto users and advocates at the edge of their seats last week as yet another piece of potentially harmful legislation — this time, a set of demanding data disclosure requirements for digital asset service providers — was rushed to a vote mere days after
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The crypto industry has reacted strongly against a EU Parliament committee voting in favor of a regulatory package for tighter know-your-customer (KYC) and anti-money laundering (AML) rules for ”unhosted” private wallets. The new guidelines would require crypto service providers — most commonly exchanges — to verify the identity of every
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