Month: July 2022

Binance Failed to Deliver on Money Laundering Prevention Promises: Report

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BIS Calls for Global Collaboration with CBDC Designs

Each of the CBDC access models has different implications around risks, efficiency, resilience and interoperability, the report continued, noting there is no “one size fits all” solution. For example, while compatibility might be the least costly form of interoperability, it may not achieve similar efficiency benefits to interlinking multiple systems or developing a single system, the report said. Source BIScallsCBDCCollaborationDesignsGlobal CryptoX Portal

Behind the screens: ICO calls for review into use of private email and messaging apps within government

The Information Commissioner’s Office (ICO) has today called for a government review into the systemic risks and areas for improvement around the use of private correspondence channels – including private email, WhatsApp and other similar messaging apps. The ICO report – Behind the screens – maintaining government transparency and data security in the age of messaging apps – details a yearlong investigation, launched in 2021 by Commissioner Elizabeth Denham, into the use of these channels by Ministers and officials at the Department of Health and Social Care (DHSC) during the…

All 3 NEW Shiny Secret Pets & New CRAZY Ticket Method in Mining Simulator 2

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US crypto regulation bill aims to bring greater clarity to DAOs

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On June 7, United States Senators Cynthia Lummis and Kirsten Gillibrand launched the much anticipated Responsible Financial Innovation Act, proposing a comprehensive set of regulations that address some of the biggest questions facing the digital assets sector. By providing holistic guidance to the rapidly growing industry, the bill offers a bipartisan response to President Biden’s call for a whole-of-government approach to regulating crypto. Among its many proposals, the bill establishes basic definitions, provides an exemption for digital currency transactions and harmonizes the roles of the Securities and Exchange Commission (SEC)…

Will it silence critics, mollify investors?

There is an old Arabic proverb: “The dogs bark, but the caravan moves on.” It could summarize the journey to date of Tether (USDT), the world’s largest stablecoin.  Tether has been embroiled in legal and financial wrangling through much of its short history. There have been lawsuits over alleged market manipulation, charges by the New York State attorney general that Tether lied about its reserves — costing the firm $18.5 million in fines in 2021 — and this year, questions voiced by United States Treasury Secretary Janet Yellen as to…

Crypto Community Remains Upbeat On XRP, Despite Bearish Market Conditions

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The crypto community got a major surprise two years ago when a leading provider of crypto solutions for businesses was slapped with a lawsuit by the U.S. Securities and Exchange Commission. Ripple was taken to court by the SEC, which sparked what has become the most closely watched legal showdown in the cryptocurrency industry. The SEC’s lawsuit accusing Ripple of breaking securities laws has devolved into a lengthy legal dispute, with the future of cryptocurrency regulation potentially at risk. The case, which was filed in December 2020, revolves around the Commission’s…