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Bank of England governor questions need for digital pound

BoE governor Andrew Bailey highlighted that the UK already has a wholesale settlement system with a major upgrade.

Japanese regulators want crypto treated like traditional banks

Mamoru Yanase said crypto needs the same safeguards as financial institutions and banks.

EU finance ministers’ group releases statement on political aspects of digital euro

The Eurogroup confirmed its support for digital euro research and noted that some of the design and use elements under consideration would require political decision making.

Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution

While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia.

Nexo sues Cayman Islands financial regulator over VASP license

The crypto lender claimed that the Cayman Islands Monetary Authority had placed “too much weight” on regulators' enforcement actions in its decision to deny registration.

CBDCs not worth the costs and risks, says former BoE advisor

Tony Yates, the former senior advisor of the Bank of England, argues that CBDCs are not worth the headache.

Iran and Russia want to issue new stablecoin backed by gold

The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like U.S. dollar, the Russian ruble or the Iranian rial.

Bithumb ordered to pay outage damages to investors by South Korean court

A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange.

Bank of Thailand to allow first virtual banks by 2025

By allowing virtual banks, Thailand seeks to boost competition and economic growth.

Nexo investigation is not political, says Bulgarian prosecutors

A spokesperson for Bulgaria’s chief prosecutors denied claims that the investigation was prompted by the company's political donations.

The aftermath of LBRY: Consequences of crypto’s ongoing regulatory process

What could the case of LBRY mean for future token projects in the United States?

Former FTX US President lashes out at 'insecure' SBF in 49-part Twitter thread rant

Harrison said Bankman-Fried threatened to fire him on the spot and would destroy his professional reputation if he continued to confront the former FTX CEO.

One of the largest US colleges has begun teaching students about Bitcoin

The professor said a “Programming Bitcoin” course will follow the first Bitcoin course, where students will learn how to “build a Bitcoin library from scratch.”

New York sued by environmental group after approval of crypto mining facility: Report

The approval violates the New York climate law of 2019, plaintiffs claim. The facility was acquired by the Canadian crypto mining firm Digihost.

Cointelegraph heads to Davos for World Economic Forum

Cointelegraph will be on the ground as prominent figures from the cryptocurrency and blockchain space converge on Davos during the World Economic Forum.

Can Canada stay a crypto mining hub after Manitoba’s moratorium?

Local stakeholders believe that a crypto mining moratorium might actually mean the beginning of a new dialogue between the government and the industry.

Grayscale files brief in ETF suit against SEC, oral arguments may come within months

Grayscale appealed the SEC’s denial of its application to create a spot BTC ETF in June; the case “is moving swiftly,” according to the Grayscale chief legal officer.

Bulgarian authorities charge four individuals following raid on Nexo office: Report

Following the Jan. 12 raid on its Sofia offices, Nexo described prosecutors’ actions as a “kick first, ask questions later” approach.

Lawyer explains new federal virtual asset law in the United Arab Emirates

Failure to comply with the new law could lead to a hefty fine of up to $2.7 million, ejection of profits and criminal investigation.

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