Tag: aimed

CME Group to launch BTC, ETH reference rates aimed at Asia’s investors

boss

Derivatives marketplace CME Group is launching Bitcoin (BTC) and Ether (ETH) reference rates for the Asia Pacific region, in another sign of growing institutional interest in crypto from Asia. On Aug. 16, derivatives marketplace CME Group said it’s partnered with crypto indices provider CF Benchmarks and on Sept. 11 to launch the two Asia Pacific-focused crypto reference rates. Reference rates are used as a credible source of a cryptocurrency’s price and are used — in CME’s case — to price settlements of crypto futures contracts. CME Group said from Sept.…

THORSwap Introduces New Feature Called Streaming Swaps Aimed at Better Price Execution for Large Trades

Before the introduction of Streaming Swaps, if a crypto user wanted to execute a large trade and achieve lower slippage on THORChain, they would have to manually divide the swap into several smaller transactions, resulting in higher gas fees. With the new feature, large swaps are broken down internally on THORChain, resulting in a single outbound transaction, “allowing for potentially a more favorable average price,” according to a blog post. Source

US senators reintroduce crypto bill aimed at comprehensive regulation

boss

United States Sens. Cynthia Lummis and Kirsten Gillibrand will reintroduce legislation aimed at establishing a comprehensive regulatory framework for digital assets. The U.S. lawmakers said they would reintroduce the Responsible Financial Innovation Act to the Senate on July 12 after roughly a year of being tabled in the previous session of Congress. The bipartisan piece of legislation — Lummis is a member of the Republican Party, and Gillibrand is a Democrat — was aimed at clarifying the roles of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission…

UK government moves forward on bill aimed at empowering authorities to seize crypto

boss

Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes. In a meeting of the U.K. Parliament’s House of Lords on July 4, lawmakers conducted a third reading of the Economic Crime and Corporate Transparency Bill — legislation introduced in September 2022 as part of efforts to streamline law enforcement’s authority to crack down on crypto-related financial crime. Members of the House of Lords did not appear to propose any changes…

Brazil’s president signs law aimed at having central bank regulate crypto firms

boss

Brazilian President Luiz Inácio Lula da Silva, known to many as simply Lula, has signed legislation giving clarity to the roles the country’s central bank and securities regulator will take in regards to cryptocurrencies. In a June 14 notice, President Lula signed government decree No. 11.563, establishing rules under a December 2022 law on a legal framework for crypto in Brazil. The legislation authorizes the Central Bank of Brazil to regulate and supervise virtual asset service providers, and ensures many token projects that qualify as securities will continue to fall…

United States to Float New Crypto Legislation Aimed at Restructuring Digital Assets Market

Patrick McHenry and Glenn Thompson are at the forefront of the new market structure effort. United States’ first major crypto legislation is currently in the works and from all indications, might even not be far from becoming law. In line with this, members of the House and Senate are already working in collaboration to make the new rules. Proponents of the new rules will seek to prioritize the concerns of top regulators and put them into consideration. Recall, for instance, that the Commodities Futures Trading Commission (CFTC) and the Securities…

US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report

boss

A group of United States lawmakers is reportedly planning to reintroduce legislation to change the reporting requirements for certain taxpayers involved in crypto transactions. According to a March 7 report from Punchbowl News, Representatives Patrick McHenry and Ritchie Torres plan to reintroduce the Keep Innovation in America Act. McHenry was one of the leading voices behind the previously proposed bill in an effort to change the definition of a broker as defined in the U.S. infrastructure law — President Joe Biden signed the legislation in November 2021. Under a draft…

Safe Collaborates with Stripe & Gelato to Release ‘Core’ Open-source Software Stack Aimed at Enhancing Decentralized Space

The Safe (Core) development stack incorporates digital solutions from Stripe and Gelato to enhance developer experience.  Swiss-based self-custody infrastructure provider Safe partnered with Gelato and Stripe to launch the open-source software stack Core. According to reports, Safe (formerly known as Gnosis Safe) released the new development stack for simplified Smart Contract development on Ethereum. In a blog post, Safe said: “We are doubling down and making our stack available to anyone to build the next generation of account abstraction wallets and solutions. With Safe (Core), we are launching an open-source and modular AA stack that brings…

US lawmaker introduces bill aimed at limiting Fed’s authority on digital dollar

boss

Minnesota Representative Tom Emmer has introduced legislation in the United States House of Representatives that could limit the Federal Reserve from issuing a central bank digital currency, or CBDC. In a Feb. 22 announcement, Representative Emmer said he had introduced the ‘CBDC Anti-Surveillance State Act’ in an apparent effort to protect Americans’ right to financial privacy. According to the Minnesota lawmaker, the bill could prohibit the Fed from issuing a digital dollar “directly to anyone”, bar the central bank from implementing monetary policy based on a CBDC, and require transparency…