Decentral Block Post
Demand for widely used euro stablecoin is huge, says DeFi expert
The U.S. company Circle is launching a regulated stablecoin that is pegged to the euro, but what does this mean for the eurozone?
US senator blasts SEC for non-judicial actions against crypto companies
Senator Emmer highlighted the SEC’s politicization of regulations and called them power-hungry regulators that discourage good-faith regulations.
Gemini receives virtual asset service provider license in Ireland
New York-based crypto exchange Gemini opened its local office in Dublin, Ireland, last year. Now, it is granted with a VASP license.
US federal agency issues legal advisory on NFT investments
The advisory primarily targets reporting of NFTs investments that represent “property,” such as real estate.
Lummis-Gillibrand crypto bill likely deferred to next year
Senator Cynthia Lummis said that non-crypto-versed Senators will need some time to understand and digest the proposals.
Japan's crypto self-regulation 'experiment' not working
Self-reg entity JVCEA has reportedly received stern warnings to get its act together, as Japan’s Financial Services Agency pushes for the organization to speed up its AML regulation rollout.
US Justice Department seized $500K in fiat and crypto from hackers connected to DPRK government
Deputy Attorney General Lisa Monaco said authorities relied on victims to report attacks "as soon as those crimes occur" to help recover funds.
Singapore's financial watchdog pushes back against Terra and 3AC associations
According to the MAS managing director, TerraForm Labs, Luna Foundation Guard and Vauld were “not licensed or regulated" by Singapore's financial watchdog.
US lawmaker criticizes SEC enforcement director for not going after 'big fish' crypto exchanges
Representative Brad Sherman said the SEC's enforcement case against Poloniex was like going after "small fish" compared to major exchanges which may include Kraken and Coinbase.
FBI issues public warning over fake crypto apps
Fake crypto apps appear to be part of an ongoing game of whack-a-mole with app store operators.
3AC liquidators seek time, access to headquarters as Genesis, Algorand ties are untangled
In a court filing in Singapore, 3AC's liquidators seek to slow down an expected onslaught of suits while they figure out the company’s complex financial dealings.
Circle CSO lays out policy principles for stablecoins in US
Dante Disparte hinted the U.S. could take a leading role in stablecoin regulation in an effort to “avoid trans-Atlantic or global misalignment."
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25
A crypto lending platform still hopes to stay afloat, but experts doubt such probability.
‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin
Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022.
Will intellectual property issues sidetrack NFT adoption?
In posting NFT artwork on social media, a new owner could be breaking intellectual property laws. A “wave of litigation has already begun.”
Coinbase secures crypto asset service provider approval in Italy
Coinbase started providing its cryptocurrency services in Italy a while ago, offering Coinbase card services in the country as of June 2019.
Binance fined $3M over illegal operations in the Netherlands
The Dutch central bank said that the Binance crypto exchange had a “very large number of customers in the Netherlands."
India needs global collaboration to decide on crypto's future, says finance minister
Indian finance minister reiterated RBI’s stance on the crypto market, claiming it’s driven by speculation.
Australian central bank governor favors private sector crypto technology
Phillip Lowe believes that there are risks in dealing with cryptocurrency that can be mitigated by strong regulations, but the tech should be made by private companies.