Vancouver mayor plans to introduce ‘Bitcoin-friendly city’ plans
The proposed plan by Vancouver Mayor Ken Sim for the city’s “diversification of financial resources” suggested an investment in Bitcoin as a reserve asset.
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Crypto could spark the next financial crisis, says India’s RBI head
Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown. 806 Total views 8 Total shares Own this piece of crypto history Collect this article as NFTThe governor of the Reserve Bank of India (RBI), Shaktikanta Das, did not mince…

Chinese gov't mulls anti-money laundering law to 'monitor' new fintech
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.

Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis
Despite Russia pushing the idea of using cryptocurrencies for cross-border payments, it still remains unclear what digital asset exactly the government plans to adopt for such transactions.Russian authorities are quite unlikely to approve the use of cryptocurrencies like Bitcoin (BTC) for cross-border transactions, according to local lawyers and fintech executives.Bank of Russia needs to control…

$30M MakerDAO ‘Black Thursday’ lawsuit sent to arbitration
A class-action lawsuit accusing MakerDAO of misrepresenting the risks associated with its DAI stablecoin has been stayed pending arbitration proceedings. 465 Total views 1 Total shares A court has agreed with the Maker Ecosystem Growth Foundation that a class-action lawsuit over its ‘Black Thursday’ meltdown should enter into arbitration proceedings.The Maker Foundation filed this motion…

Australia Investigating Major Tax Crimes as Part of Crypto-Focused Tax Enforcement Taskforce
Australia’s tax agency, the Australian Tax Office (ATO), is investigating 12 major international tax avoidance schemes, with a key focus on cryptocurrency-enabled activities. The news was reported by local broadsheet The Sydney Morning Herald on June 6.The ATO’s intensified cross-border investigations were reportedly revealed following a meeting of the J5 — also known as “The…

SEC seeks more time to mull options on Ethereum ETFs
United States regulators approved the trading of options on Bitcoin ETFs in 2024.

Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion
The year 2019, for a short while, raised expectations that stablecoins would bring about mass adoption of cryptocurrencies. 2020, however, seems to be dousing those hopes with ever-tightening regulation that is putting pressure on investors and companies alike.The first complication came only 10 days into the year. In early January, the European Union’s landmark Fifth…

UC Berkeley student group becomes 10th largest Uniswap delegate
A UC Berkeley blockchain group is playing a direct role in Uniswap governance. 1013 Total views 6 Total shares Blockchain at Berkley, a student-run blockchain organization, has become the tenth-largest delegate for the Uniswap exchange, highlighting the diverse groups involved with the emerging DeFi platform.The student group has amassed 2.5 million votes, where it’s tied…