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Venture capital pours $2.4 billion into crypto startups
May 20,2024
Crypto startup funding surged to$2.4 billion in the first quarter of 2024, marking a second consecutive quarter of growth, according to data from PitchBook. Expectations of lower interest rates and the launch of the first US bitcoin spot ETF fueled t...
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United States Senate passes resolution urging SEC to repeal rule on cryptocurrency firm deals
May 17,2024
The United States Senate has passed a joint resolution calling on the Securities and Exchange Commission (SEC) to repeal a rule that affects financial institutions engaged in business with cryptocurrency firms. The resolution, known as H.J.Res. 109, ...
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North Korea's alleged $147.5 million crypto laundering revealed by UN
May 15,2024
According to confidential findings by UN sanctions monitors, North Korea utilised the virtual currency platform Tornado Cash to launder$147.5 million in March, following its theft from a cryptocurrency exchange last year. The monitors revealed to a U...
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Philippines approved stablecoin pilot program in regulatory sandbox framework
May 14,2024
The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has granted approval to digital currency exchange Coins.ph to conduct a pilot program for a stablecoin called PHPC. This Philippine Peso-backed stablecoin will operate under ...
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Canada fines Binance $4.38 million for money laundering violations
May 10,2024
Canadian cryptocurrency exchange Binance has been fined nearly CAD 6 million ($4.38 million) by Canada's anti-money laundering agency, FINTRAC, for violating money laundering and terrorist financing laws. According to FINTRAC, despite several deadlin...
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Digital solidarity at the centre of United States Tech Diplomacy
May 07,2024
The United States Department of State has unveiled a comprehensive strategy to promote "digital solidarity" and shape international technology governance. Digital solidarity refers to the willingness to collaborate on shared goals and offer mutual su...
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Embracing central bank digital currencies is inevitable
May 07,2024
In a recent interview, Joachim Nagel president of the Bundesbank and a member of the European Central Bank (ECB), said that the future of central banks is dependent on their ability to adapt their business models and embrace the use of central bank d...
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A final version of stablecoin bill in the US could be ready soon
Apr 26,2024
,US House Representative Maxine Waters, a top Democrat on the House Financial Services Committee, has indicated that the final version of the stablecoin bill could be ready soon. In an interview with Bloomberg, Waters expressed optimism about the pro...
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Executives of the cryptocurrency wallet Samourai indicted for money laundering
Apr 25,2024
,Keonne Rodriguez and William Lonergan Hill, the CEO and CTO of cryptocurrency company Samourai Wallet, have been indicted and charged with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. The...
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Cryptocurrency exchange Binance faces class-action lawsuit in Canada
Apr 23,2024
,Cryptocurrency exchange Binance is facing a class-action lawsuit in Canada for allegedly violating local securities laws. The lawsuit, filed in the Ontario Superior Court of Justice, claims that cryptocurrency exchange sold crypto derivative product...
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Thailand to block unauthorized cryptocurrency platforms
Apr 22,2024
,Thailand has announced plans to block "unauthorized" cryptocurrency platforms in order to enhance law enforcement efforts to combat online crime. The decision was made following a meeting of the Technology Crime Prevention and Suppression Committee,...
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UK treasury to introduce regulatory framework for crypto assets and stablecoins in July
Apr 16,2024
The United Kingdom Treasury is set to introduce a regulatory framework for crypto assets and stablecoins by July, with the aim of promoting local innovation in digital assets and blockchain technology. Bim Afolami, the UK's economic secretary to the ...
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