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Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly

The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be available.

'The SEC’s actions have crippled a nascent industry' — Paradigm requests amicus brief for Coinbase

According to Paradigm, the SEC's lack of a clear path for crypto firms to register could lead to a “de facto ban on digital asset trading platforms.”

Watchdog sues SEC over FOIA access to docs on potential crypto conflict of interest

EMPOWR is requesting correspondence concerning former SEC officials William Hinman, Marc Berger, Jay Clayton and their current employers.

GAO cites exposure to digital assets in exploring collapse of Signature Bank

Michael Clements said the GAO had reviewed “large deposits from the digital asset space” in considering whether crypto had contributed to Signature’s failure.

BIS issues comprehensive paper on offline CBDC payments

According to the Bank for International Settlements, offline payments with CBDC raise new risks related to counterfeiting, fraud and privacy concerns.

How the IRS seized $10B worth of crypto using blockchain analytics

A public-private partnership with blockchain analytics firm Chainalysis has played a key role in helping the Internal Revenue Service solve cryptocurrency-related crimes.

Do Kwon's lawyers propose $436K bail as authorities prepare for June trial

Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the “obligation to periodically report to the state authority.”

Cryptocurrency trading addiction: What to look out for and how it is treated

The epic highs and lows of cryptocurrency trading make traders particularly prone to addictive trading behavior.

EU draft AI Act updated with public facial recognition ban

Regulators in the EU concluded another round of voting which added a new ban on the public use of biometric surveillance into its forthcoming AI Act.

Buying a car with Bitcoin gets $3.7M fine, prison time in Morocco

The Casablanca Court of Appeal upheld the conviction of 21-year-old French citizen Thomas Clausi for illegal use of cryptocurrency.

Binance looks to the UK for regulation amid US crypto crackdown

Binance seeks regulation in the U.K. amid a U.S. crackdown on cryptocurrencies as its chief strategy officer acknowledges the challenging business environment in the U.S.

Bitcoin miner Marathon Digital hit with another SEC subpoena

The first subpoena was given to Marathon in the third quarter of 2021, concerning whether it may have violated federal securities laws relating to its data center in Hardin.

Fiat-backed stablecoins could be used to post bail in New York under proposed bill

A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail.

3 takeaways from the European Union's MiCA regulations

The European Union’s Markets in Crypto-Assets regulation could stifle innovation and increase compliance costs for the crypto industry.

OpenAI CEO to testify before Congress alongside ‘AI pause’ advocate and IBM exec

AI experts from IBM, NYU, and OpenAI will testify before the U.S. Senate on May 16 in a hearing entitled “Oversight of A.I.: Rules for Artificial Intelligence.”

US lawmakers hold EU and UK as examples of crypto regulation in joint hearing

With the European Union coming closer to passing the Markets in Crypto Assets framework and Kraken in the process of investing in the United Kingdom, lawmakers are taking notice.

William Clemente III tips Bitcoin will hit six figures toward end of 2024: Hall of Flame

Will Clemente III ditched school to become a crypto analyst and says Bitcoin has a strong chance of hitting six figures toward the end of 2024.

Biden calls to end $18B ‘crypto tax loopholes’ —community begs to differ

Reddit users speculated that the president might be referring to the IRS wash sale rule not being applied to crypto yet.

Bear market pushes crypto events to cut fluff, prioritize discourse

“Huge DJs” no longer appear at crypto events, instead, attendees are seeing more “well thought out, intelligent questions” being asked.

Shaquille O'Neal claims process servers 'tossed' FTX legal papers at his moving car

The NBA star appeared in a June 2022 commercial saying he was “all in” on FTX, one of many endorsements that led to a class-action lawsuit following the exchange's collapse.

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