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U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House

[Jul 27, 2023 8:00 PM] House lawmakers cleared stablecoins legislation for the next step in its route through Congress on Thursday, though the House Financial Services Committee moved the bill toward a potential floor vote without bipartisan support as Chair Patrick…

Crypto Bill Advances Out of House Agriculture Committee

[Jul 27, 2023 12:11 PM] The House Agriculture Committee advanced the Financial Innovation Technology for the 21st Century Act, a day after the House Financial Services Committee did.

White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry

[Jul 27, 2023 8:21 AM] The move comes a day after the finance-focused lawmakers agreed bills on crypto market structure

Israel Consults Public on DAO Regulation, Sets Up Special Examination Team

[Jul 27, 2023 7:22 AM] The team will examine required corporate status, taxation other aspects of DAOs to "create legal certainty" and reduce risks, the government has said.

Binance to Restore Full Services in Japan in August, CZ Unveils

[Jul 27, 2023 2:00 AM] Cryptocurrency exchange Binance will start offering full services in Japan next month, founder Changpeng Zhao (CZ) announced. The leading trading venue for digital assets reenters the Japanese market with a domestic exchange after announcing…

Sam Bankman-Fried Won't Face Campaign Finance Charge, U.S. DOJ Says

[Jul 26, 2023 9:38 PM] The U.S. Department of Justice informed a federal judge that it did "not intend to proceed" with a campaign finance charge against FTX founder Sam Bankman-Fried after consulting with The Bahamas over whether it was included in an extradition…

House Financial Services Committee Votes in Favor of Crypto, Blockchain Bills

[Jul 26, 2023 6:35 PM] The House Financial Services Committee advanced a set of crypto bills after a landmark markup on Wednesday.

Pacific Island Group of Palau Starts Stablecoin Trial on XRP Ledger

[Jul 26, 2023 9:37 AM] The country has been distributing PSC (Palau stablecoin) for three weeks and the test will run through August.

Canada Unveils New Bank Capital Rules for Crypto Holdings

[Jul 26, 2023 8:58 AM] New rules for banks and insurers are based on international norms, regulators said

Craig Wright’s ‘Lies and Deception’ Justify Minimal Damages Claim, UK Judges Say

[Jul 26, 2023 6:32 AM] Wright says he is the true identity of Bitcoin founder Satoshi Nakamoto, and took a libel case against crypto podcaster Peter McCormack

Binance Withdraws German Crypto License Application

[Jul 26, 2023 5:27 AM] The move follows reports had been rejected by financial regulators, and a pullback from markets including Austria, Belgium and the Netherlands

Binance to Reenter Japan in August 2 Years After Regulator's Warning

[Jul 26, 2023 4:40 AM] Leading cryptocurrency exchange Binance will be launching its full service in Japan in August. The return was made possible by Binance's purchase of regulated crypto exchange Sakura Exchange BitCoin last November.

Nigeria Is Altering eNaira Model to Promote Use of the Digital Currency: Central Bank

[Jul 26, 2023 3:27 AM] For many citizens, the central bank digital currency isn't easy to use.

Craig Wright Must Pay $516K to Pursue Case Against Kraken, Coinbase: UK Judge

[Jul 26, 2023 2:28 AM] Wright claims he’s Bitcoin White Paper author Satoshi Nakamoto and holds intellectual property rights on numerous cryptocurrencies

Singapore High Court Declares Crypto as Property in Case Involving Bybit

[Jul 26, 2023 2:08 AM] The ruling held that a crypto asset is a “thing in action” enforceable via court orders.

Binance, CZ to Seek Dismissal of CFTC Complaint

[Jul 26, 2023 12:00 AM] Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC…

Mashinsky's Arrest, Ripple Ruling, Etc.

[Jul 25, 2023 5:00 PM] I was on vacation for the last week-and-a-half but before I left, I sent a list of things to watch for to my colleagues that in hindsight, was wholly inadequate. Anyway, here's my effort to catch up.

U.S. DOJ Needs 6-8 Weeks to Process Evidence Against Celsius's Former CEO, Attorneys Tell Judge

[Jul 25, 2023 10:37 AM] The U.S. Department of Justice (DOJ) asked a federal judge for six to eight weeks to produce evidence for its case against Alex Mashinsky, the founder and former CEO of crypto lender Celsius.

Namibia's Crypto Assets Bill Is Now a Law

[Jul 25, 2023 8:37 AM] Namibia's virtual assets bill was put into law on Friday, according to the Gazette of the Republic of Namibia.

Crypto Exchange Rain Obtains License to Operate Virtual Asset Brokerage, Custody Service in UAE

[Jul 25, 2023 5:36 AM] Rain's Abu Dhabi-based entity can now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets.

UK Information Commission to Make Inquiries About Worldcoin

[Jul 25, 2023 3:20 AM] The firm has claimed that they comply with "very, very local and very specific rules and regulations in each of the markets where there's an Orb."

Japan Signals More Web3 Promotion Policies Are Coming

[Jul 24, 2023 10:37 PM] Japan's Prime Minister Fumio Kishida said on Tuesday that the country plans to improve the environment for Web3 when it comes to using tokens and revitalize the content industry.

EU Stablecoin Issuers With Bank Assets in Reserve Will Get Extra Regulation, EBA Draft Says

[Jul 24, 2023 11:18 AM] The EU agency is consulting on new MiCA rules that mean “significant” tokens are centrally supervised with extra capital requirements

Ripple Committed to Markets With Clear Rules in Asia and Europe After US Court Win

[Jul 24, 2023 5:30 AM] Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain…

Meet the Hong Kong Lawmaker Who Invited Coinbase to Town

[Jul 23, 2023 11:41 PM] Legislative Council member Johnny Ng is courting crypto exchanges to get licensed in the city as the U.S. drives digital asset firms offshore.

Craig Wright Will Be Able to Fight Bitcoin Copyright Claim in UK After Winning Appeal

[Jul 21, 2023 1:32 PM] Craig Wright, who claims to be Bitcoin inventor Satoshi Nakamoto, will be able to argue his case that the Bitcoin file format should receive copyright protection under UK law after a bench of three UK judges accepted his appeal to a previous court…

Wholesale CBDC Would Improve Cross-Border Payments, French Central Bank Tests Show

[Jul 21, 2023 5:11 AM] The French Central Bank has determined that its wholesale central bank digital currency (wCBDC) would improve cross-border payments, it announced on Friday.

Indonesia's New Crypto Exchange Opens After Long Delays

[Jul 21, 2023 4:15 AM] The long-awaited Nasdaq-style national bourse for crypto has been operational since July 17, according to an official announcement from Thursday.

UK's FCA Is Designing Prudential Requirements for Firms Carrying Out Crypto Activities

[Jul 20, 2023 10:00 AM] The Financial Conduct Authority will consult on rules once the government gives it the necessary powers, the regulator said in its annual report.

Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs

[Jul 20, 2023 8:36 AM] Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.