The law is coming for DAOs
DAOs are not decentralized as they claimed to be, according to Bitcoin Association’s Marcin Zarakowski, who noted that these entities are connected to those deploying them or benefitting from them.
James Field
author
Articles By James Field:
Malta to remove NFTs from digital asset regulation in anticipation of MiCA
Under the current Virtual Financial Asset regime, which was set up in 2018, NFTs are subject to specific requirements upon launching and must also issue a product whitepaper before the issuance.
Binance’s recovery fund: altruist or antagonist?
Self-appointed crypto-savior Changpeng "CZ" Zhao has committed the bulging resources of Binance to saving the digital asset industry, from a crisis he helped create. With friends like these…
European Union eyeing digital asset taxation change
The vote will commit lawmakers in Brussels to changing tax rules related to the digital asset industry, including whether to implement a single tax regime for digital assets across the bloc.
A boost for blockchain infrastructure as EU passes Digital Decade policy program
Initially proposed by the European Commission in March 2021, the policy program sets up a monitoring and cooperation mechanism to ensure the EU is progressing toward its key targets.
New York Attorney General seeks to ban retirement funds from investing in digital assets
NYAG Letitia James also requests the scrapping of two Acts currently on the table, namely: the Retirement Savings Modernization Act and the Financial Freedom Act of 2022.
Sam Bankman-Fried and FTX backers face more class actions
Both class action lawsuits seek to represent transnational/global people outside the United States who purchased or enrolled in a YBA and, in Lam’s case, “otherwise invested in one or more FTX Entities.”
What the US midterms mean for a digital asset industry in crisis
For Bryan Daugherty, regardless of who will dominate the midterm polls, the Congress and the Senate will likely push regulators to be more involved and focused on the digital asset industry.
MasterCard, HSBC, Wells Fargo join forces for regulated digital asset settlement platform proof-of-concept trial
MasterCard has teamed up with HSBC and Wells Fargo in piloting the RLN digital money platform, a proof-of-concept project that seeks to improve financial settlements.
Fall of DC’s digital asset golden boy spurs new US Congress on towards better protections
As the FTX drama continues to play out, calls for stronger regulation are only growing louder in both the public and private sectors.
DORA the enforcer passes into law
DORA is expected to provide a common set of standards to manage digital risks across the EU's financial sector and potentially curb cyberattacks associated with digital assets.
From hacks to romance scams: US consumer protection agency sees ‘crypto’ complaints surge
Between October 2018 and September 2022, the CFPB received more than 8,300 virtual currency complaints, “the majority in the last two years.”