Christine Lagarde Claims Crypto Is Being Used to Evade Russian Sanctions
Malaysia Comms Ministry Proposes Adopting Crypto as Legal Tender
admin2022-03-21T16:05:18+00:00
Key Takeaways
Malaysia's deputy minister of communications and multimedia, Datuk Zahidi Zainul Abidin, has proposed adopting cryptocurrencies as legal tender. He also said that the ministry is looking into increasing crypto adoption among younger generations. In January, Malaysia's central bank revealed that it was considering issuing a central bank cryptocurrency, which could go against the idea of using crypto as legal tender.Share this article
Datuk Zahidi Zainul Abidin, the deputy minister of Malaysia’s communications and multimedia ministry, said in Parliament Monday that the...
Ripple’s General Counsel: SEC’s ‘Regulation by Enforcement’ Hurts Crypto Space
admin2022-03-20T10:22:07+00:00Stuart Alderoty, General Counsel at Ripple, says that if U.S. Congress and regulators do not “work together to provide regulatory clarity to the crypto industry,” 2023 could be the first year “a country other than the U.S. leading the digital asset revolution.” In an op-ed piece published on...
FTX CEO Criticizes Industry Stance on Russia Sanctions
admin2022-03-18T21:42:36+00:00
Key Takeaways
FTX CEO Sam Bankman-Fried has criticized exchanges for making their Russian policies appear to be against regulation. Bankman-Fried says that he takes issue with the presentation of those policies, not the substance of those policies. He also said elsewhere that there are "a lot of processes in place" that restrict Russian oligarchs from using crypto.Share this article
FTX CEO Sam Bankman-Fried has criticized the crypto industry for presenting its policies around Russian sanctions poorly.SBF Says Messaging Has Been Unhelpful
In a statement...
Ripple CEO Names 5 Jurisdictions That ‘Have Acknowledged XRP Is a Currency’
admin2022-03-18T09:21:15+00:00In a recent interview, Ripple CEO Brad Garlinghouse talked about how the U.S. Securities and Exchange Commission (SEC) views cryptoasset XRP vs how it looked at by financial regulators in other major jurisdictions. As you may remember, on 22 December 2020, the SEC announced that it had “filed an...
Ripple Adds Former White House Adviser As A Board Member
admin2022-03-17T00:55:59+00:00Ripple is strengthening its push to get regulatory clarity for ongoing Ripple Vs SEC case. The firm has announced the addition of Michael Warren, the managing director of Albright Stonebridge Group (ASG), to its board of directors.
Ripple tackles regulatory woes with new Board Member
Ripple stated in a press release today that Warren’s addition to the board is at a critical time. The company is aiming to establish regulatory clarity for the crypto industry in the US and globally. Warren’s...
VC Firm Andreessen Horowitz Hires “Crypto Czar” Michele Korver
admin2022-03-15T15:11:00+00:00Venture capital firm Andreessen Horowitz on Tuesday said it had hired Michele Korver to head its crypto regulatory compliance division. Korver’s work in the crypto space, when she had served as the first digital currency counsel for the U.S. Justice Department’s Criminal Division, had earned her the moniker “Crypto Czar.” The firm, which is also known as a16z, announced the appointment in a blog post. Prior to joining the firm, Korver served as the Chief Digital Currency Advisor at the...
Ripple’s $XRP Lawsuit: Denial of SEC’s Motion to Strike ‘Fair Notice’ Defense Was ‘Huge Win’
admin2022-03-14T22:50:00+00:00The CEO of Ripple Brad Garlinghouse has revealed on social media he believes the fintech firm has scored a “huge win” after the firm’s general counsel Stuart Alderoty revealed the court denied the U.S. Securities and Exchange Commission’s motion to strike its fair notice defense. Per Alderoty, the...
EU To Vote Over Crypto POW-Ban On Monday
admin2022-03-12T18:14:27+00:00The Bill allowing European Parliament to ban cryptocurrencies using the proof-of-work (PoW) mining, including Bitcoin (BTC) has made its way back into the draft. As per latest reports, the EU parliament will vote over it on Monday. Earlier, the bill was removed from the Markets in Crypto Assets (MiCA) proposal facing backlash from the crypto community.
EU will vote on 2 POW-Ban bills
Patrick Hansen, Head of Strategy and Growth at Unstoppable Finance, dropped some important updates regarding the addition of...
South Korean Pro-Crypto Candidate Yoon Suk-yeol Becomes President
admin2022-03-12T11:30:19+00:00South Korea has elected the pro-crypto, conservative candidate Yoon Suk-yeol as their nation’s next president. According to a report by The Block, citing data from the BBC’s coverage, Yoon and his opposition People Power Party won the presidential election by a margin of less than 1% of votes. Yoon’s...