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Google updates service policies to comply with EU regulations

Google and other major platforms on the web will need to update their service policies in order to comply with EU standards in its Digital Services Act by Aug. 28.

Binance adds fiat currency restrictions for Russian users

Russian ruble use on Binance P2P has been restricted to Russian citizens who live in the country.

OKX and ByBit remove sanctioned Russian banks from payments list

Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on ByBit and OKX.

Indian PM Modi calls for global cryptocurrency framework at G20 Summit

India has advocated for a global crypto framework for years, however, back home, the crypto ecosystem is still looking for a clear regulatory framework and simpler taxation.

Crypto community reacts to Biden's proposed crypto tax reporting rules

Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States.

Sam Bankman-Fried’s life in jail, Tornado Cash’s turmoil, and a $3B BTC whale: Hodler’s Digest, Aug. 20-26

Sam Bankman-Fried faces challenges in jail, Tornado Cash’s developer is arrested, and a Bitcoin whale holding $3 billion is identified.

JPMorgan forecasts limited downside for crypto markets: Report

JPMorgan's analysts consider Bitcoin's declining open interest to be a sign that the current price trend may be weakening.

SEC vs. Ripple: Pro-XRP lawyer urges Clayton, Hinman testimony

John Deaton points out that testimony from former SEC officials Bill Hinman and Jay Clayton during the SEC vs. Ripple Labs case would have categorized XRP as a non-security early on.

Crypto builders should 'give up' serving US customers for 5 to 10 years — dYdX founder

The founder of dYdZX argued that early-stage crypto projects can scale faster by ignoring U.S. customers, as they won't have to deal with the hassles of the U.S. regulatory climate.

Sam Bankman-Fried's lawyers push for temporary release, object to prosecutors' proposed deal

The U.S. Justice Department has produced “millions of pages of documents" related to SBF's criminal case, which his lawyers claimed was too much to access from jail before trial.

Alleged former Worldcoin employee says they’re in contact with authorities

The individual, whose Worldcoin employment could not be independently verified, claimed they witnessed “sloppy and/or illegal things” while working there prior to the token launch.

Binance P2P removes sanctioned Russian banks from payments list

The crypto exchange removed its “yellow” and “green” codewords from its list of payment methods, which previously referred to sanctioned Russian banks.

Judge denies stakeholders request for representation in Celsius bankruptcy case

The judge also declined to declare CEL token “not a security,” despite related rulings in the SEC vs Ripple case.

IRS releases draft of proposed reporting rules for digital asset brokers

House Financial Service Committee chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing attack on the digital asset ecosystem.”

NFT Collector: Giant Swan’s gothic VR dreamscapes… royalty nightmare on OpenSea

Melbourne NFT artist Giant Swan used to sit in his car crying because he didn’t fit in. Now he’s found his place as a gothic VR dream creator

Vauld gets permission for board restructuring from the court

Singapore-based crypto exchange has been ongoing bankruptcy proceedings since August 2022.

HashKey to start Bitcoin and Ether retail trading in Hong Kong from Aug. 28

HashKey, along with OSL, received a major license upgrade on Aug.3 clearing their way to offer crypto trading services to retail customers.

P2P marketplaces need to become unstoppable, permissionless - Paxful co-founder

A new project aims to build a peer-to-peer marketplace to facilitate censorship-resistant, permissionless trading between Bitcoin users.

Tornado Cash developer Roman Storm released on bail, lawyer says

Roman Storm’s lawyer Brian Klein said the developer was released on bail on Aug. 24, the day after the U.S. DOJ announced the charges related to money-laundering and other alleged violations.

Spain launches AI regulation agency in bid to become industry leader

Spain has become one of the first countries in the European Union to establish its own task force for regulating Artificial Intelligence on Aug. 22, when the Council of Ministers approved a Royal Decree establishing the new agency.

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