May 23, 2020 The Death of the ICO: Has the US SEC Closed the Global Window on New Tokens? As Telegram learned, regulators in the U.S. are a major barrier to new projects looking for funding anywhere in the world. The United States Securities and Exchange Commission’s vigor in pursuing initial coin offerings, or ICOs, has become a major boogeyman within the crypto community. Most…
May 22, 2020 Wyoming’s Congressional Blockchain Committee Holds First Meeting After graduating from task force to select committee this week, the blockchain crew within Wyoming’s state legislature held their first meeting today. On May 22, Wyoming’s Select Committee on Blockchain, Financial Technology and Digital Innovation technology convened in full for the first time, albeit virtually.Initially…
May 22, 2020 New Bill in Ukraine to Finally Let Crypto Firms Open Bank Accounts The Ministry of Digital Transformation of Ukraine published crypto draft law “On Virtual Assets” in response to FATF’s June 2020 deadline. Ukraine is getting closer to providing a legal status for cryptocurrencies like Bitcoin (BTC) with a new draft bill published on Monday.On…
May 22, 2020 Russia Proposes 2M Rub Fine and 7 Years in Jail for Illegal Crypto Use Russian politicians suggest fines and prison terms of up to 7 years for illegal issuance and use of cryptocurrencies. Russian lawmakers have suggested punishments of up to 2 million rubles ($27,800) and seven years in prison for illegal turnover of digital assets and cryptocurrencies.As…
May 22, 2020 Iran’s President Asks Gov’t to Plan National Crypto Mining Strategy Iran’s president has tasked officials at the central bank and ministries of energy, communications and IT with drafting plans for a national cryptocurrency mining strategy. Iran’s president has tasked officials at the central bank and ministries of energy, communications and IT with drafting plans for a national cryptocurrency mining strategy. As…
May 22, 2020 Global Central Banking Think Tank Launches Digital Monetary Institute A global think tank for central banking, OMFIF, has announced the launch of its Digital Money Institute, aimed at bridging the gap between digital currency and traditional banking. The Official Monetary and Financial Institutions Forum (OMFIF), an independent global think tank for central banking and economic policy, announced the launch of its Digital Monetary Institute earlier this month.The…
May 22, 2020 Digital Currencies Could Threaten US Geopolitical Power, Warns JPMorgan “There is no country with more to lose from the disruptive potential of digital currency than the United States,” say analysts at JPMorgan Chase & Co. “There is no country with more to lose from the disruptive potential of digital currency than the United States.”So…
May 22, 2020 Jack Dorsey Gives $5M to Support UBI — Could Crypto Deliver it? The Twitter CEO announced on May 21 that he would be giving $5 million to Humanity Forward, a UBI-proponent established by Andrew Yang. Jack Dorsey, CEO of Twitter and mobile-payment platform Square, is donating $5 million to Humanity Forward, a group launched by crypto-friendly former presidential candidate Andrew Yang, as part of both entrepreneurs’ efforts to establish universal basic income (UBI) for Americans.Dorsey…
May 21, 2020 Times Square Billboard Calls for Release of Silk Road Founder A billboard demanding for the release of Silk Road founder Ross Ulbricht will reside in Times Square for several months. The ‘Free Ross’ movement has hired a billboard in New York’s Times Square as part of its campaign for the release of the Silk Road darknet market founder Ross Ulbricht.According…
May 21, 2020 Blockchain.com to Support Russian Ruble Despite Local Crypto Uncertainty Blockchain.com follows Binance in listing the Russian ruble, while local government considers strict regulations for the industry. Blockchain.com,…
May 21, 2020 Albania Approves Europe’s Most Comprehensive Crypto Law Yet Albania passes new comprehensive law written by the Minister of Finance and Economy to regulate crypto activities. Albania’s Parliament signed a bill into law on May 21 plenary session a legal framework for cryptocurrencies.The…
May 21, 2020 Brazil to Investigate Banks Denying Service for Crypto Companies Local authorities reopen the case against lenders who reportedly refuse to work with cryptocurrency firms. Brazilian banks that have denied service to cryptocurrency companies are now being scrutinized by local authorities, according to a recent report from Folha de São Paulo.On…
