FinCEN acting director says PATRIOT Act provision isn’t ‘right sized’ for crypto enforcement
Him Das said FinCEN’s current authority under the PATRIOT Act would likely not stop actors from engaging in illicit transactions for ransomware attacks and darknet markets.
Panama’s legislature approves bill regulating crypto
The Crypto Law is aimed at making Panama “compatible with the digital economy, blockchain, crypto assets and the internet.”
Bitcoin is 40%+ down from its ATH, but on-chain analysts say it’s ‘starting to bottom out’
Analysts say BTC’s weakness is exacerbated by institutional investors exiting futures markets, but on-chain data hints that Bitcoin is in an early bottoming process.
Aave founder Stani Kulechov briefly suspended from Twitter after joking about becoming interim CEO
Not everyone is convinced that Elon Musk’s takeover of Twitter will promote free speech.
FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate
Former CFTC head Giancarlo said a “central bank mindset” is holding crypto back, and Wetjen saw the need for more entrepreneurialism in regulatory agencies.
Telegram Wallet Bot enables users to send crypto in-app via revived blockchain project
More than 550 million active users surf messages on Telegram each month.
US needs ‘electronic tokens’ with functionality of cash — Software Freedom Law Center legal director
Software Freedom Law Center legal director Mishi Choudhary supported tokens that were not quite CBDCs nor cryptocurrencies, but with cash-like privacy features many users may want.
‘Ready, steady, NFT:’ Ukrainian government accepts NFT donations
Ukraine continues to use crypto and NFTs to fund the two-month long ongoing Russia-Ukraine war.
NYDFS calls for crypto firms to use blockchain analytics
The regulatory agency asked crypto firms to adopt methods to ensure greater risk assessment for potentially problematic transactions.
The NFT sector is projected to move around $800 billion over next 2 years: Report
More than 50% of respondents highlighted that they have a HODL mentality and see a future where non-fungible tokens could be important items in games.