Crypto


Juridique

Australian Senator Proposes Crypto Bill Targeting China's Digital Yuan

The proposal lays out disclosure requirements for banks that could make China's central bank digital currency available for use in Australia, and seeks to set up licensing frameworks for stablecoin issuers.

Australian Senator Andrew Bragg, has introduced a new crypto bill targeting China's digital yuan. (andrewbragg.com)

Finance

Fintech Startup TrueLayer Trimming 10% of Staff, Citing Challenging Market Conditions

About 45 employees will be laid off from the firm, which was valued at over $1 billion a year ago.

TrueLayer to lay off 10% of its staff. (Pawel Chu/Unsplash)

Juridique

South Korea Looks to Invalidate Terra Co-Founder Do Kwon's Passport: Report

The CEO of Terra along with five others were issued with an arrest warrant on Wednesday.

Terraform Labs CEO Do Kwon on CoinDesk TV in December (CoinDesk)

Layer 2

A Peculiar Flavor of NFTs Is Thriving in China – One Regulators Can Abide

Unlike most non-fungible tokens, China’s “digital collectibles” are built on closed networks and designed to appease regulators who frown on trading and speculation.

"First Supper," exhibited through a projector at the 'Virtual Niche" exhibit in Beijing in April 2021. The artwork is composed of 22 pieces, each individually encoded as a NFT. (Eliza Gkritsi/TechNode)