Worldcoin Being Probed by French Privacy Regulator for ‘Questionable’ Practices
Sam Altman’s latest eyeball-scanning initiative is attracting attention from data protection regulators.
Regulations
Crypto.com Trumps Binance, Securing Netherlands Registration as Larger Rival Withdraws
The Netherlands, which has taken a tough line on rivals such as Binance and Coinbase, follows France, Dubai and the U.K. in recognizing the crypto exchange.
Crypto Bill Advances Out of House Agriculture Committee
The House Agriculture Committee advanced the Financial Innovation Technology for the 21st Century Act, a day after the House Financial Services Committee did.
U.S. DOJ Needs 6-8 Weeks to Process Evidence Against Celsius’s Former CEO, Attorneys Tell Judge
The U.S. Department of Justice (DOJ) asked a federal judge for six to eight weeks to produce evidence for its case against Alex Mashinsky, the founder and former CEO of crypto lender Celsius.
EU Stablecoin Issuers With Bank Assets in Reserve Will Get Extra Regulation, EBA Draft Says
The EU agency is consulting on new MiCA rules that mean “significant” tokens are centrally supervised with extra capital requirements
Craig Wright Will Be Able to Fight Bitcoin Copyright Claim in UK After Winning Appeal
Craig Wright, who claims to be Bitcoin inventor Satoshi Nakamoto, will be able to argue his case that the Bitcoin file format should receive copyright protection under UK law after a bench of three UK judges accepted his appeal to a previous court denial, according to a court filing.
Wholesale CBDC Would Improve Cross-Border Payments, French Central Bank Tests Show
The French Central Bank has determined that its wholesale central bank digital currency (wCBDC) would improve cross-border payments, it announced on Friday.
Indonesia’s New Crypto Exchange Opens After Long Delays
The long-awaited Nasdaq-style national bourse for crypto has been operational since July 17, according to an official announcement from Thursday.
UK’s FCA Is Designing Prudential Requirements for Firms Carrying Out Crypto Activities
The Financial Conduct Authority will consult on rules once the government gives it the necessary powers, the regulator said in its annual report.
Fed Dramatically Speeds Up U.S. Payments With ‘FedNow’ Service, but Downplays Any Tie to CBDCs
Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.