Policy

The bank suggests that policymakers should utilize current regulations addressing risks and enforcement actions, while emphasizing the necessity for specific regulations tailored to cryptocurrencies. Norway’s central bank, Norges Bank, has recommended that the country should contemplate developing a national plan for regulating cryptocurrencies, according to a report published on Thursday. Countries worldwide have been observing…

The introduction of the new rule was driven by concerns about potential conflicts of interest. Lawmakers in South Korea have approved a new law that mandates officials to disclose their cryptocurrency holdings, as reported by local outlet News1. On Thursday, the “Kim Nam-kuk Prevention Act” was successfully passed in the National Assembly’s plenary session. The…

Crypto Executives, despite past setbacks, embark on renewed Washington influence campaign. When lawmakers in Washington, D.C., watch their favorite Sunday morning political shows this week, they’ll also hear about cryptocurrency, courtesy of Coinbase’s campaign. This is part of the industry’s ongoing effort to shape U.S. policy. Coinbase CEO Brian Armstrong and Messari CEO Ryan Selkis…

OFAC (Office of Foreign Assets Control) stated on Friday that an Irish person assisted wealthy individuals from Russia in evading sanctions and concealing their money in the United Arab Emirates (UAE). In simpler terms, according to OFAC, an Irish national helped rich Russians avoid sanctions and keep their money hidden in the UAE. The Office…