During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges.
Decentral Block Post
Yes, the Secret Service has an NFT collection, and no, it's not for sale
Agents from the U.S. Secret Service San Francisco Field Office have answered a burning question about its NFT collection. What does it do?
US House bans members from using all chatbots except ChatGPT Plus
The ban comes less than a week after the House proposed a bill to create a federal artificial intelligence commission.
Judge denies motion from Binance regarding allegedly ‘misleading’ SEC statements
The legal teams for Binance, Binance.US and CZ filed a motion for the court to order the SEC to comply with “applicable rules of conduct” following allegedly misleading statements.
FTX has recovered $7B in assets so far, has almost $2B to go to cover misappropriations
Tracing funds is highly challenging, according to the FTX Debtors’ second interim report, and there is no doubt that that was by design.
US lawmaker calls for info from Treasury and SEC on crypto market structure bill
Rep. Maxine Waters gave Janet Yellen and Gary Gensler a deadline of June 30 to respond to her requests on the “Digital Asset Market Structure” bill proposed by Republican lawmakers.
HSBC rolls out cryptocurrency services in Hong Kong: Report
Three crypto ETFs listed on the Hong Kong Exchange are now reportedly available for trading at Hong Kong’s largest bank.
Binance reverses decision to delist privacy coins in Europe
Binance said after carefully considering feedback from the community and several projects it revised operations to comply with EU standards.
Binance eyes United Arab Emirates as ‘focal point’ for future operations
Binance Dubai general manager Alex Chehade says there are plenty of good reasons why the UAE will become the world’s next major crypto hub.
Australia’s token mapping to be ‘tech agnostic,’ says Treasury official
Trevor Power hopes the framework will fall closer on the “spectrum” to the EU’s MiCA, as opposed to the current regulatory position in the U.S.
'Keep Australia safe': Dystopian draft bill against 'misinformation' unveiled
The proposed legislation could have serious implications for free speech in Australia says Shadow Communications Minister David Coleman.
Crypto travel rule implementation ‘remains relatively poor,’ says FATF
The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.
Huobi sues… Huobi? 3AC rises from ashes, Korea crypto contagion: Asia Express
Huobi Global’s woes intensify, OPNX exchange volume up 2.5M%, 3AC is dead — long live 3AC Ventures, South Korea crypto contagion update.
Don’t follow the US: Blockchain Aus CEO hammers ‘regulation by enforcement’
Blockchain Australia, the country’s peak crypto industry body has announced a new CEO who wants to speed up the crypto regulatory process.
Uncertainty over digital assets traps institutions in 'supervisory void' — Fed Governor
Lack of clarity on digital assets could have significant consequences for banks navigating higher interest rates, according to Fed Governor Michelle Bowman.
Token issuers in Japan exempt from 30% crypto tax on paper gains
Japan's National Tax Agency published a partial revision of its corporate tax guidelines, implementing new tax rules for token issuers.
$794K SIM swap hacker PlugwalkJoe sentenced to five years in prison
The hacker managed to steal $794,000 worth of crypto from an exchange via a SIM swap attack on an exec, but ultimately he didn’t cover his tracks well.
Bitcoin’s ‘Great Accumulation,’ Binance.US resumes fiat withdrawals, and other news: Hodler’s Digest, June 18-24
Bitcoin’s “Great Accumulation” period has begun, Binance.US withdrawals resume, and the U.K. prepares for its upcoming crypto regulation.
Crypto trading an important part of the virtual asset ecosystem — Hong Kong SFC chief
Julia Leung Fung-yee said incorporating virtual assets into the regulatory system was crucial after FTX’s bankruptcy.
Mainstream media challenge decision to protect FTX customers: Report
Legal representatives of the media outlets have reportedly argued that FTX is not entitled to a “novel and sweeping exception” just because its customers used cryptocurrency.