Global Crypto Regulation Needs Coordination, Not Duplication, Legal Experts Say
“It’s not good to put crypto all in the same basket and look at it in a vacuum,” said Marianne Bechara, senior counsel at the IMF.
Policy
Genesis Bankruptcy Parties Agree to a 30-Day Mediation Period
The process can start once the parties agree on a mediator and submits an order to the U.S. bankruptcy court.
Reintroduced Congressional Bill Would Call for Feds to Study Terrorist Uses for Crypto
A bipartisan bill introduced simultaneously to the House and Senate would call for federal agencies to study the possible criminal uses for crypto, and provide a report with recommendations on how to address these concerns.
UK Tax Authority Proposes Changes to Treatment of DeFi Lending, Staking
The proposed framework, now open for public consultation, will also apply to crypto lending and staking through intermediaries, the authority said.
Don’t Cap Digital Euro Holdings, European Parliament Study Says
The paper turns on its head conventional wisdom that limits are needed to avoid supplanting the banking system
Terra’s Do Kwon Wants SEC Charges Dismissed, Court Filings Show
The SEC cannot regulate digital assets involved in the case as the UST stablecoin is a currency, not a security, lawyers for the disgraced crypto executive said.
Zimbabwe to Introduce Gold-Backed Digital Currency: Report
The country’s central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so they can hedge against the currency’s volatility.
French Regulator Floats ‘Fast-Track’ Registration for Incumbents After MiCA’s Passage
EU countries are making the transition to a tough new crypto regime set by Brussels.
Ava Labs CEO Calls for Crypto Regulators Who Can Read and Audit Code
Emin Gun Sirer, who also weighed in on zero-knowledge proofs (ZKPs), was addressing the annual Cornell Blockchain conference on New York City’s Roosevelt Island.
EU Crypto Industry Applauds MiCA – But Looks to What’s Next
A Thursday vote sealed the deal on the long-awaited crypto law, but there’s still plenty of details to settle.