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Regulations
5ire Raises $100M to Fund Expansion of Sustainable Blockchain
The company will use what it calls a Proof-of-Benefit mechanism, saying it is the only sustainability-focused blockchain unicorn in the world.
India's Crypto Industry Advocacy Body Disbanded
The Blockchain and Crypto Assets Council was the country's only crypto lobbyist group.
Former Crypto Adviser Michael Barr Confirmed as Top US Financial Watchdog
The Senate approved the appointment of Barr, an ex-Ripple adviser who served in Obama’s Treasury Dept., as the Fed’s new vice chair for supervision.
South African Central Bank to Look at Regulating Crypto
The country may also issue a central bank digital currency.
Kazakh Crypto Mining Tax Hike Signed Into Law by President Tokayev
The tax rate will depend on electricity usage, average electricity price and power source.
International Standard Setters Publish Guidance on Stablecoin Regulations
The two groups recommend that stablecoins be treated the same as other assets that perform a transfer function.
US Treasury Opens Door for Public Comments on Biden’s Crypto Order
The U.S. agency will accept comment letters by Aug. 8 on the president’s March order to establish a regulatory regime for crypto.
Looking at the Claims Celsius Operated Like a Ponzi
A new lawsuit alleges that a major crypto lender was, in fact, a Ponzi scheme. Happy Tuesday folks.
Policy Makers Should Get On With Regulating Crypto, BOE’s Cunliffe Says
The Bank of England’s deputy governor said regulators should accelerate crypto rulemaking. If certain risks involving crypto can’t be managed, related activities must be stopped.
US Fed Vice Chairwoman Brainard Doesn’t Like What She’s Seeing in Crypto
Lael Brainard argued aggressive regulation is needed for the sector before things get out of hand.