Consumer protection watchdog warns about Tether's reserves
According to the S&P Global ratings agency, Tether scored a 4 out of 5 on its stability assessment, with 5 being the worst rating.
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Law Decoded: E Pluribus SHA-256
By way of disclaimer, today’s Law Decoded is going to be especially America-centric. Writing to you from the ghastly swamp that is Washington, D.C., I generally try to keep these newsletters more globally minded, displeased as I am with how often the news cycle acts like this town is the center of the solar system. Thematically,…
Economic Historian Niall Ferguson: Crypto ‘Won’t Turn Out to Be a Complete Delusion’
British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.The historian — who authored a book on the history of currencies, “The Ascent of Money” — made his remarks at a private event during the Australian Financial Review (AFR) Business…
Subsidiary of Mexican airline Volaris accepts Bitcoin payments
El Salvador's Bitcoin adoption agenda continues apace, this time extending to a local airline. 113 Total views 4 Total shares As a result of El Salvador’s mainstream Bitcoin (BTC) adoption, Volaris El Salvador, a local subsidiary of budget Mexican airline Volaris, will accept Bitcoin as payment.The Bitcoin move comes a month after Salvadoran aviation authorities…
Saudi Central Bank still researching CBDC, but no decision on deployment
Saudi Arabia's central bank stressed that no decision has been made to launch a CBDC in the Kingdom, but it will continue to research use cases. 92 Total views 1 Total shares Own this piece of history Collect this article as an NFTThe Saudi Central Bank (SAMA) is ramping up its research into Central Bank…
South Korean prosecutors apply to revoke Do Kwon and other Terra employees’ passports
Singapore, where Terra co-founder Do Kwon is currently staying, does not have an extradition treaty with South Korea. 177 Total views 14 Total shares According to local news outlet gynews.kr, the Seoul Southern District Prosecutors' Office's Joint Financial Securities Crime Investigation Team says it will be contacting the country's Ministry of Foreign Affairs to nullify…
US Sen. Elizabeth Warren says crypto will ruin economy — Community responds
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community. 1228 Total views 4 Total shares The downfall of former crypto exchange FTX has had the entire industry in disarray since the situation began to unravel days…
Senate Banking Committee chair calls for coordination with Treasury on crypto
The committee chair cited crypto exchange FTX’s “alarming fraud”, liquidity crunch, and bankruptcy as an example of financial risk Treasury and regulators should address. 403 Total views 2 Total shares Sherrod Brown, chair of the United States Senate Banking Committee, has called on Treasury Secretary Janet Yellen to work with financial regulators and lawmakers on…
Hong Kong issues rules for asset tokenization as interest mounts
Hong Kong’s securities regulator treats tokenized securities like traditional securities, subject to the same legal and regulatory norms. 130 Total views 1 Total shares The Securities and Futures Commission (SFC) of Hong Kong has issued two circulars to regulate digital asset tokenization.The circulars offer instructions to intermediaries participating in tokenized securities activities and outline the criteria for