The Office of Government Ethics reminded federal agency ethics officers of current law and extended its interpretation of the law to mutual funds.
Decentral Block Post
Korea Blockchain Week, Aug. 8: First-day takeaways from the Cointelegraph team
The first day of the main stage event included a keynote presentation from Ethereum's Vitalik Buterin, 1inch Network's Sergej Kunz, and Klaytn Foundation's Sam Seo.
KBW 2022: Crypto.com hits key regulatory milestone in South Korea
“This is an exciting next step for Crypto.com in an important market,” said co-founder and CEO Kris Marszalek.
The UK cannot afford to send mixed messages on crypto
Regulators have expressed conflicting messages about whether the U.K. is a good place for cryptocurrency development to occur.
Indian authorities freeze $8.1M in WazirX funds as part of AML investigation
The Directorate of Enforcement of India alleged that WazirX "actively assisted around 16 accused fintech companies in laundering the proceeds of crime using the crypto route."
US lawmakers request crypto firms provide info on diversity and inclusion
“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies," said the letter.
Coinbase hit with 2 fresh lawsuits amid SEC probe
In both cases, plaintiffs allege Coinbase made fraudulent and misleading statements about the company's business, operations and compliance efforts throughout the class period.
The Bank of Thailand to pilot Retail CBDC by the end of 2022
The Retail CBDC will be tested in a limited retail environment with 10,000 participants and three major banks.
Alexander Vinnik reportedly en route to the US after extradition
Having served two years in prison in France, accused BTC-e mastermind Alexander Vinnik has now been extradited to the U.S. to face multiple charges in California.
Congress will likely decide the fate of crypto jurisdiction: Lummis staffer
U.S. Congress will need to step in to decide who gets crypto regulation bragging rights if the SEC and CFTC cannot resolve the issue internally.
Thai SEC approves four crypto firms despite Zipmex woes
Thailand’s regulators are still approving crypto companies despite one of its largest ones suspending withdrawals.
Crypto firms failed to deliver 'promised benefits' from lawmaker-backed incentives, says nonprofit
“At a minimum, the public should have a say in these crypto handouts," said the Tech Transparency Project.
Building the blockchain industry despite market drops and regulation threats
Even if crypto regulation comes to America, top crypto investors are not worried as upward of 90% of cryptocurrencies are utilized outside the United States.
UK parliamentary group calls for submissions in new crypto asset inquiry
The U.K.’s Crypto and Digital Assets All Party Parliamentary Group (APPG) announced it will launch an inquiry into the crypto and digital asset industry.
Portuguese banks shutting crypto accounts citing risk management concerns
The Bank of Portugal has licensed all of the exchanges that have had their accounts closed, including Criptoloja, Mind The Coin and Luso Digital Assets.
Japan may see a reduced 20% tax on crypto earnings with new proposal
The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years.
Philippine SEC cautions the public not to invest with Binance
Infrawatch PH Convenor Terry Ridon said that the SEC’s response clarifies the government’s position on crypto platform operations.
Senator Warren proposes reducing Wall Street's involvement in crypto
Warren's letter urges OCC to collaborate with Fed and FDIC to develop an alternative cryptocurrency approach “that adequately protects consumers and the safety and soundness of the banking system.”