EU Smart Contract Regulations Included in Council’s Data Act Draft
Some worry the text, a version of which was already agreed on by the European Parliament, will prove impossible to meet for most smart contracts.
Regulations
Federal Reserve Says Custodia’s Plans Would Endanger Itself and the Crypto Industry
The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for membership.
UAE Unveils CBDC Strategy, First Phase to Be Completed by Mid-2024
The United Arab Emirates expects to complete the first phase of its central bank digital currency strategy over the next 12 to 15 months.
Binance Users in China, Elsewhere, Evade KYC Controls With Help of ‘Angels’: CNBC
Some Binance employees and volunteers shared tips on forging bank documents, falsifying addresses or hiding the country of origin to get a Binance debit card, CNBC reported, citing Chinese-language chatroom messages it translated.
Australian Regulator Tells Banks to Report Exposure to Startups and Crypto-Related Business: Report
The move comes in the wake of Silicon Valley Bank’s collapse and global lender volatility, the Australian Financial Review reported.
FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings
The Caribbean arm is a mere shell to further Sam Bankman-Fried’s fraud, the company alleged.
Genesis Requests Timetable for Sale, Creditor Claims
The company wants to sell off its business after filing for bankruptcy on Jan. 19.
Voyager-Binance.US Pause Denied by Bankruptcy Judge
A New York court denied the government’s request to halt the $1 billion deal, saying delay would harm customers.
Voyager-Binance.US’ $1B Deal Should Be Halted, U.S. Government Says
The Department of Justice doesn’t like provisions that would render the company immune from prosecution for former wrongdoing
India’s Crypto Industry Finally Sees Lawmakers Engaging
On Saturday, India’s crypto industry pulled off a near coup by bringing senior leaders from India’s ruling party and the opposition benches to an event to engage in serious discussions.