Regulations
EU Commission Brushes Off 'Data Act' Fears by Crypto Industry
New rules could kill off permissionless smart contracts, the industry worries.
Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Industry Body Criticizes Move
"Australians ... expect to be able to spend their money and use their assets as they choose, without undue restrictions," a Blockchain Australia official said.
Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS
“This would be a game-changer in how we think about money and how transactions take place,” said the central bank group’s Head of Research Hyun Song Shin.
UK Crypto, Stablecoin Laws Approved by Parliament's Upper House
The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment under existing laws.
EU Legislation for Digital Euro Is Put on Hold: Source
A bill covering privacy and distribution of the central bank digital currency, originally scheduled for June 28, will be delayed
Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case
The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and Terra executive Han Chang-Joon.
UK Financial Watchdog Cancels Binance Permissions on Firm's Request
U.K.'s Financial Conduct Authority said Binance's local unit is no longer authorized to provide any regulated services in the country.
IMF Official Presents Blueprint for Cross-Border CBDCs
The organization wants to help cut the cost of cross-border transactions without abandoning compliance checks or capital controls, Tobias Adrian, director of IMF’s monetary and capital markets department said.
France's Markets Regulator Backs Global Rules for DeFi
The AMF wants industry stakeholders to contribute to a discussion about its views on supervising DeFi, DAOs and associated risks.
Crypto Market Regulatory Uncertainty Overshadows Blockchain Development: Bank of America
The bank said it expects blockchain infrastructure and tokenization to transform financial and non-financing infrastructure and markets over the next five to 10 years.
