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Japanese Lawmakers to Introduce New Bill, Empowering Crypto Seizure

In a bid to strengthen its regulatory landscape, Japanese lawmakers are reportedly looking forward to amending the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (1999). The amendments will grant the authority to law enforcement agencies and courts to seize cryptocurrencies that have been linked to criminal activities. The reports have … Continue reading Japanese Lawmakers to Introduce New Bill, Empowering Crypto Seizure

Human Rights Advocates Urge U.S. Lawmakers to Concern Crypto, Saving Crumbling Currencies

A group of human rights advocates from across the globe have written a letter to U.S. lawmakers, urging them to be concerned about the role of importance of cryptocurrencies against unstable economies whose local currencies are collapsing. The letter reads: “We are 21 human rights advocates from 20 countries across the globe who have dedicated … Continue reading Human Rights Advocates Urge U.S. Lawmakers to Concern Crypto, Saving Crumbling Currencies

EU Lawmakers Urged to Speed Up Passage of Crypto Law

The European Commissioner for Financial Services, Financial Stability and Capital Markets has called for the speedy passage of the Markets in Crypto Assets (MiCA) framework presently before the European Union (EU)’s lawmakers to address risks being seen in the cryptocurrency markets. Mairead McGuinness made the remarks during her opening speech at the economics committee structured … Continue reading EU Lawmakers Urged to Speed Up Passage of Crypto Law

Russia Plans to Use Digital Rouble In Settlements with China, Says Lawmaker

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Costa Rican Lawmaker Proposes to Regulate Crypto Market

Johana Obando, a congresswoman from the Central American country of Costa Rica, has introduced a bill to Congress requesting the government to regulate the crypto market and cut taxes on cryptocurrencies, making Costa Rica a cryptocurrency-friendly country. The bill proposes that the Costa Rican government recognize cryptocurrencies and allow people to hold, trade freely, and … Continue reading Costa Rican Lawmaker Proposes to Regulate Crypto Market

Many Lawmakers and Witnesses Call for hearing exploring the crash of the crypto market

During a hearing that was called to investigate the collapse that occurred in the cryptocurrency market, the United States Securities and Exchange Commission (SEC) and Gary Gensler, the director of the SEC, came under criticism from attendees. Throughout the course of the hearing, a number of legislators and witnesses directed their criticism in this general … Continue reading Many Lawmakers and Witnesses Call for hearing exploring the crash of the crypto market

Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset

The legislature in Wyoming recently approved a measure that, with one tiny exception, would make it illegal for judges in the state to compel individuals to provide the secret keys to their digital assets. On February 15, the measure was approved by the Wyoming House of Representatives with a vote of 41-13, one day after … Continue reading Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset

Texas lawmakers propose gold-backed state digital currency

Two Texas lawmakers, Senator Bryan Hughes and Representative Mark Dorazio, have introduced identical bills proposing the creation of a state-based digital currency backed by gold. Each unit of the proposed digital currency would represent a fractional equivalent amount of physical gold held in trust. The bills, Senate Bill 2334 and House Bill 4903, outline the … Continue reading Texas lawmakers propose gold-backed state digital currency

Federal Reserve Governor Michelle W. Bowman Stresses Banking Supervision including Digital Assets

Governor Michelle W. Bowman, a member of the Board of Governors of the Federal Reserve System, emphasized the need for a responsive and responsible regulatory framework in the banking sector. Speaking at an event in Salzburg, she discussed the importance of adapting to changing economic conditions and emerging risks while ensuring transparency and open debate … Continue reading Federal Reserve Governor Michelle W. Bowman Stresses Banking Supervision including Digital Assets

185 Blockchain Hacking Incidents with $920M Loss Reported by SlowMist in First Half of 2023

SlowMist, a renowned blockchain security firm, has recently published its mid-2023 report on Blockchain Security and Anti-Money Laundering (AML). The report offers a comprehensive overview of the current global landscape of blockchain security and AML developments. The first half of 2023 witnessed significant growth and increased security challenges in the blockchain sector. According to SlowMist’s … Continue reading 185 Blockchain Hacking Incidents with $920M Loss Reported by SlowMist in First Half of 2023