In an article I wrote for Cointelegraph, I commented on how the European Union has moved forward to regulate the crypto-asset market through Markets in Crypto-Assets (MiCA) and Transfer of Funds Regulation (ToFR). With this subject as a background, I had the privilege of interviewing one of the people who knows the most about regulating new technologies: Eva Kaili, vice…
India’s Enforcement Directorate (ED) has frozen crypto exchange Vauld’s crypto and bank assets worth about INR 370 crore ($46,439,181). Vauld halted deposits and withdrawals last month. The Indian law enforcement agency is reportedly investigating more than 10 cryptocurrency exchanges. Indian Authority Freezes Another Cryptocurrency Exchange’s Assets The Enforcement Directorate (ED), a law enforcement and economic intelligence agency of the government…
This is an opinion editorial by Logan Chipkin, a freelance writer interested in Bitcoin, economics, physics, philosophy and history. Money doesn’t make the world go ‘round. Ideas do. In “The Fiat Standard,” economist Dr. Saifedean Ammous explains how our devolution from a hard money standard to a fiat standard has caused distortions in virtually all of the modern world’s fundamental…
The central bank of the Philippines, Bangko Sentral ng Pilipinas, has announced that it will stop accepting crypto license applications for three years, starting next month. The central bank is the primary regulator of the crypto sector in the Philippines. Philippines Halts Accepting Crypto License Applications The Philippine central bank, Bangko Sentral ng Pilipinas, announced Wednesday that it will stop…
In the week following the sanctioning of the Tornado Cash website by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the price of the token underpinning the system is down 56%, starting the week at a high of $31.56 and ending the week at a low of $13.09, according to CoinMarketCap. Tornado Cash (TORN) is an ERC20 token…
press release PRESS RELEASE. Zug, Switzerland, 12th August 2022: GAIMIN announces the opening of its gaming and monetization platform to the gaming community. Following recently completed initial testing of its monetisation and gaming platform, GAIMIN.io ltd is opening up its gaming and monetization platform to 10,000 gamers during August and September. GAIMIN’s monetization application enables a user to utilize the…
As the U.S. government ramps up its crypto regulatory efforts, it is targeting privacy-protecting projects like never before. The crypto community is worried—especially the cypherpunks—and users are currently grappling with the implications of the Tornado Cash ban and how it may be enforced in practice. But behind the scenes, Bitcoin developers have for years now been working to preserve privacy…
The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy group Fight for the Future calls the ban “a threat…
India’s Directorate of Enforcement (ED) announced Friday that it has frozen the financial accounts of Bengaluru-based financial services company Yellow Tune Technologies, some of which were held by Flipvolt crypto exchange, the Indian branch of Singaporean Vauld. The move is linked to an ongoing investigation into money laundering by China-linked instant loan companies. This is the second time this week…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. This past week, cross-bridge protocols became the center of DeFi discussions as a new report showed RenBridge was used to launder $540 million in stolen funds. Curve Finance, on the other hand, resolved its…
