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Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
<\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 13 14 15 16 17 18 Next

According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
- Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
  <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
  
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  \n
  ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
  - According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
    - Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
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      \n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
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      \n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
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      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
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      \n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
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      \n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
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      \n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      November 24, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
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      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
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      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
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      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
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      November 24, 2024
      
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      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
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      November 24, 2024
      
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      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
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      December 19, 2024
      
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      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
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      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
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      November 24, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The\u00a0framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
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      November 24, 2024
      
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      \n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
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      \n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
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      Blockchain
      
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      December 19, 2024
      
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      \n
      In newly released research\u00a0articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      Most Read
      
      Blockchain
      
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      \n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
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      \n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
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      \n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
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      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
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      December 19, 2024
      
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      August 15, 2024
      
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      \n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
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      December 19, 2024
      
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      \n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
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      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
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      \n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      On the 12th a suspected developer of Tornado Cash, Alexey Pertsev, was arrested<\/a> in the Netherlands by the FIOD for \"involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralised Ethereum mixing service Tornado Cash,\" his wife Ksenia Malik confirms<\/a>. The FIOD confirms<\/a> that Pertsev will remain in custody for 14 days.<\/li><\/ul>\n\n\n\n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
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      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
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      August 15, 2024
      
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      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
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      \n
      The U.S. treasury stated on August 8th that Tornado Cash has been sanctioned as the platform has been used to launder over US$7B worth of cryptocurrencies since its creation in 2019. This is because \"Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.\"<\/li><\/ul>\n\n\n\n
      On the 12th a suspected developer of Tornado Cash, Alexey Pertsev, was arrested<\/a> in the Netherlands by the FIOD for \"involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralised Ethereum mixing service Tornado Cash,\" his wife Ksenia Malik confirms<\/a>. The FIOD confirms<\/a> that Pertsev will remain in custody for 14 days.<\/li><\/ul>\n\n\n\n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
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      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
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      \n
      A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions.<\/li><\/ul>\n\n\n\n
      The U.S. treasury stated on August 8th that Tornado Cash has been sanctioned as the platform has been used to launder over US$7B worth of cryptocurrencies since its creation in 2019. This is because \"Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.\"<\/li><\/ul>\n\n\n\n
      On the 12th a suspected developer of Tornado Cash, Alexey Pertsev, was arrested<\/a> in the Netherlands by the FIOD for \"involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralised Ethereum mixing service Tornado Cash,\" his wife Ksenia Malik confirms<\/a>. The FIOD confirms<\/a> that Pertsev will remain in custody for 14 days.<\/li><\/ul>\n\n\n\n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      Within the last week, crypto mixer<\/a> Tornado Cash has been sanctioned<\/a> by the U.S. Treasury and an alleged developer of the protocol has been arrested.<\/p>\n\n\n\n
      A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions.<\/li><\/ul>\n\n\n\n
      The U.S. treasury stated on August 8th that Tornado Cash has been sanctioned as the platform has been used to launder over US$7B worth of cryptocurrencies since its creation in 2019. This is because \"Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.\"<\/li><\/ul>\n\n\n\n
      On the 12th a suspected developer of Tornado Cash, Alexey Pertsev, was arrested<\/a> in the Netherlands by the FIOD for \"involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralised Ethereum mixing service Tornado Cash,\" his wife Ksenia Malik confirms<\/a>. The FIOD confirms<\/a> that Pertsev will remain in custody for 14 days.<\/li><\/ul>\n\n\n\n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n","post_title":"D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"d-c-attorney-general-seeks-to-collect-100m-in-unpaid-taxes-from-michael-saylor","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indian-parliament-passes-a-30-crypto-tax-law\/","post_modified":"2022-09-04 22:27:03","post_modified_gmt":"2022-09-04 12:27:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6898","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6647,"post_author":"1","post_date":"2022-08-14 22:39:09","post_date_gmt":"2022-08-14 12:39:09","post_content":"\n
      Within the last week, crypto mixer<\/a> Tornado Cash has been sanctioned<\/a> by the U.S. Treasury and an alleged developer of the protocol has been arrested.<\/p>\n\n\n\n
      A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions.<\/li><\/ul>\n\n\n\n
      The U.S. treasury stated on August 8th that Tornado Cash has been sanctioned as the platform has been used to launder over US$7B worth of cryptocurrencies since its creation in 2019. This is because \"Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.\"<\/li><\/ul>\n\n\n\n
      On the 12th a suspected developer of Tornado Cash, Alexey Pertsev, was arrested<\/a> in the Netherlands by the FIOD for \"involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralised Ethereum mixing service Tornado Cash,\" his wife Ksenia Malik confirms<\/a>. The FIOD confirms<\/a> that Pertsev will remain in custody for 14 days.<\/li><\/ul>\n\n\n\n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      At the same time, Micro Strategy released a public statement about the case. \"The Company was not responsible for his day-to-day affairs and did not oversee his individual tax responsibilities\". The American company also affirmed that the claims against the company are fallacious and that they'll defend aggressively against the overreach.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n","post_title":"D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"d-c-attorney-general-seeks-to-collect-100m-in-unpaid-taxes-from-michael-saylor","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indian-parliament-passes-a-30-crypto-tax-law\/","post_modified":"2022-09-04 22:27:03","post_modified_gmt":"2022-09-04 12:27:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6898","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6647,"post_author":"1","post_date":"2022-08-14 22:39:09","post_date_gmt":"2022-08-14 12:39:09","post_content":"\n
      Within the last week, crypto mixer<\/a> Tornado Cash has been sanctioned<\/a> by the U.S. Treasury and an alleged developer of the protocol has been arrested.<\/p>\n\n\n\n
      A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions.<\/li><\/ul>\n\n\n\n
      The U.S. treasury stated on August 8th that Tornado Cash has been sanctioned as the platform has been used to launder over US$7B worth of cryptocurrencies since its creation in 2019. This is because \"Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.\"<\/li><\/ul>\n\n\n\n
      On the 12th a suspected developer of Tornado Cash, Alexey Pertsev, was arrested<\/a> in the Netherlands by the FIOD for \"involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralised Ethereum mixing service Tornado Cash,\" his wife Ksenia Malik confirms<\/a>. The FIOD confirms<\/a> that Pertsev will remain in custody for 14 days.<\/li><\/ul>\n\n\n\n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
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      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
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      Follow The Distributed
      
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      \n
      \u201cAlthough MicroStrategy is based in Virginia, Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life. I respectfully disagree with the position of the District of Columbia.\u201d Michael Saylor<\/a> stated.<\/li><\/ul>\n\n\n\n
      At the same time, Micro Strategy released a public statement about the case. \"The Company was not responsible for his day-to-day affairs and did not oversee his individual tax responsibilities\". The American company also affirmed that the claims against the company are fallacious and that they'll defend aggressively against the overreach.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n","post_title":"D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"d-c-attorney-general-seeks-to-collect-100m-in-unpaid-taxes-from-michael-saylor","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indian-parliament-passes-a-30-crypto-tax-law\/","post_modified":"2022-09-04 22:27:03","post_modified_gmt":"2022-09-04 12:27:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6898","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6647,"post_author":"1","post_date":"2022-08-14 22:39:09","post_date_gmt":"2022-08-14 12:39:09","post_content":"\n
      Within the last week, crypto mixer<\/a> Tornado Cash has been sanctioned<\/a> by the U.S. Treasury and an alleged developer of the protocol has been arrested.<\/p>\n\n\n\n
      A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions.<\/li><\/ul>\n\n\n\n
      The U.S. treasury stated on August 8th that Tornado Cash has been sanctioned as the platform has been used to launder over US$7B worth of cryptocurrencies since its creation in 2019. This is because \"Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.\"<\/li><\/ul>\n\n\n\n
      On the 12th a suspected developer of Tornado Cash, Alexey Pertsev, was arrested<\/a> in the Netherlands by the FIOD for \"involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralised Ethereum mixing service Tornado Cash,\" his wife Ksenia Malik confirms<\/a>. The FIOD confirms<\/a> that Pertsev will remain in custody for 14 days.<\/li><\/ul>\n\n\n\n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Banking
      
      Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology
      
      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      Michael Saylor And MicroStrategy Response<\/h2>\n\n\n\n
      \u201cAlthough MicroStrategy is based in Virginia, Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life. I respectfully disagree with the position of the District of Columbia.\u201d Michael Saylor<\/a> stated.<\/li><\/ul>\n\n\n\n
      At the same time, Micro Strategy released a public statement about the case. \"The Company was not responsible for his day-to-day affairs and did not oversee his individual tax responsibilities\". The American company also affirmed that the claims against the company are fallacious and that they'll defend aggressively against the overreach.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n","post_title":"D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"d-c-attorney-general-seeks-to-collect-100m-in-unpaid-taxes-from-michael-saylor","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indian-parliament-passes-a-30-crypto-tax-law\/","post_modified":"2022-09-04 22:27:03","post_modified_gmt":"2022-09-04 12:27:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6898","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6647,"post_author":"1","post_date":"2022-08-14 22:39:09","post_date_gmt":"2022-08-14 12:39:09","post_content":"\n
      Within the last week, crypto mixer<\/a> Tornado Cash has been sanctioned<\/a> by the U.S. Treasury and an alleged developer of the protocol has been arrested.<\/p>\n\n\n\n
      A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions.<\/li><\/ul>\n\n\n\n
      The U.S. treasury stated on August 8th that Tornado Cash has been sanctioned as the platform has been used to launder over US$7B worth of cryptocurrencies since its creation in 2019. This is because \"Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.\"<\/li><\/ul>\n\n\n\n
      On the 12th a suspected developer of Tornado Cash, Alexey Pertsev, was arrested<\/a> in the Netherlands by the FIOD for \"involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralised Ethereum mixing service Tornado Cash,\" his wife Ksenia Malik confirms<\/a>. The FIOD confirms<\/a> that Pertsev will remain in custody for 14 days.<\/li><\/ul>\n\n\n\n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      Saylor deferred responding to the allegations the instant they went public. Moreover, the billionaire and vocal bitcoin evangelist kept the focus on bitcoin, as usual. Ultimately, he released a statement addressing the allegations.<\/li><\/ul>\n\n\n\n
      Michael Saylor And MicroStrategy Response<\/h2>\n\n\n\n
      \u201cAlthough MicroStrategy is based in Virginia, Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life. I respectfully disagree with the position of the District of Columbia.\u201d Michael Saylor<\/a> stated.<\/li><\/ul>\n\n\n\n
      At the same time, Micro Strategy released a public statement about the case. \"The Company was not responsible for his day-to-day affairs and did not oversee his individual tax responsibilities\". The American company also affirmed that the claims against the company are fallacious and that they'll defend aggressively against the overreach.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n","post_title":"D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"d-c-attorney-general-seeks-to-collect-100m-in-unpaid-taxes-from-michael-saylor","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indian-parliament-passes-a-30-crypto-tax-law\/","post_modified":"2022-09-04 22:27:03","post_modified_gmt":"2022-09-04 12:27:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6898","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6647,"post_author":"1","post_date":"2022-08-14 22:39:09","post_date_gmt":"2022-08-14 12:39:09","post_content":"\n
      Within the last week, crypto mixer<\/a> Tornado Cash has been sanctioned<\/a> by the U.S. Treasury and an alleged developer of the protocol has been arrested.<\/p>\n\n\n\n
      A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions.<\/li><\/ul>\n\n\n\n
      The U.S. treasury stated on August 8th that Tornado Cash has been sanctioned as the platform has been used to launder over US$7B worth of cryptocurrencies since its creation in 2019. This is because \"Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.\"<\/li><\/ul>\n\n\n\n
      On the 12th a suspected developer of Tornado Cash, Alexey Pertsev, was arrested<\/a> in the Netherlands by the FIOD for \"involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralised Ethereum mixing service Tornado Cash,\" his wife Ksenia Malik confirms<\/a>. The FIOD confirms<\/a> that Pertsev will remain in custody for 14 days.<\/li><\/ul>\n\n\n\n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      Michael Saylor's unpaid taxes is appraised at $25 million but, the District of Columbia is also seeking civil penalties, treble damages, and other fees at an estimated $100M dollar sum total.<\/li><\/ul>\n\n\n\n
      Saylor deferred responding to the allegations the instant they went public. Moreover, the billionaire and vocal bitcoin evangelist kept the focus on bitcoin, as usual. Ultimately, he released a statement addressing the allegations.<\/li><\/ul>\n\n\n\n
      Michael Saylor And MicroStrategy Response<\/h2>\n\n\n\n
      \u201cAlthough MicroStrategy is based in Virginia, Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life. I respectfully disagree with the position of the District of Columbia.\u201d Michael Saylor<\/a> stated.<\/li><\/ul>\n\n\n\n
      At the same time, Micro Strategy released a public statement about the case. \"The Company was not responsible for his day-to-day affairs and did not oversee his individual tax responsibilities\". The American company also affirmed that the claims against the company are fallacious and that they'll defend aggressively against the overreach.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n","post_title":"D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"d-c-attorney-general-seeks-to-collect-100m-in-unpaid-taxes-from-michael-saylor","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indian-parliament-passes-a-30-crypto-tax-law\/","post_modified":"2022-09-04 22:27:03","post_modified_gmt":"2022-09-04 12:27:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6898","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6647,"post_author":"1","post_date":"2022-08-14 22:39:09","post_date_gmt":"2022-08-14 12:39:09","post_content":"\n
      Within the last week, crypto mixer<\/a> Tornado Cash has been sanctioned<\/a> by the U.S. Treasury and an alleged developer of the protocol has been arrested.<\/p>\n\n\n\n
      A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions.<\/li><\/ul>\n\n\n\n
      The U.S. treasury stated on August 8th that Tornado Cash has been sanctioned as the platform has been used to launder over US$7B worth of cryptocurrencies since its creation in 2019. This is because \"Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.\"<\/li><\/ul>\n\n\n\n
      On the 12th a suspected developer of Tornado Cash, Alexey Pertsev, was arrested<\/a> in the Netherlands by the FIOD for \"involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralised Ethereum mixing service Tornado Cash,\" his wife Ksenia Malik confirms<\/a>. The FIOD confirms<\/a> that Pertsev will remain in custody for 14 days.<\/li><\/ul>\n\n\n\n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      As stated in the lawsuit, Saylor alleged to live in Florida, a state without personal income taxes, or Virginia, which has lower taxes than D.C. and is where MicroStrategy is located, but in reality, he lived in DC.<\/li><\/ul>\n\n\n\n
      Michael Saylor's unpaid taxes is appraised at $25 million but, the District of Columbia is also seeking civil penalties, treble damages, and other fees at an estimated $100M dollar sum total.<\/li><\/ul>\n\n\n\n
      Saylor deferred responding to the allegations the instant they went public. Moreover, the billionaire and vocal bitcoin evangelist kept the focus on bitcoin, as usual. Ultimately, he released a statement addressing the allegations.<\/li><\/ul>\n\n\n\n
      Michael Saylor And MicroStrategy Response<\/h2>\n\n\n\n
      \u201cAlthough MicroStrategy is based in Virginia, Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life. I respectfully disagree with the position of the District of Columbia.\u201d Michael Saylor<\/a> stated.<\/li><\/ul>\n\n\n\n
      At the same time, Micro Strategy released a public statement about the case. \"The Company was not responsible for his day-to-day affairs and did not oversee his individual tax responsibilities\". The American company also affirmed that the claims against the company are fallacious and that they'll defend aggressively against the overreach.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n","post_title":"D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"d-c-attorney-general-seeks-to-collect-100m-in-unpaid-taxes-from-michael-saylor","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indian-parliament-passes-a-30-crypto-tax-law\/","post_modified":"2022-09-04 22:27:03","post_modified_gmt":"2022-09-04 12:27:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6898","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6647,"post_author":"1","post_date":"2022-08-14 22:39:09","post_date_gmt":"2022-08-14 12:39:09","post_content":"\n
      Within the last week, crypto mixer<\/a> Tornado Cash has been sanctioned<\/a> by the U.S. Treasury and an alleged developer of the protocol has been arrested.<\/p>\n\n\n\n
      A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions.<\/li><\/ul>\n\n\n\n
      The U.S. treasury stated on August 8th that Tornado Cash has been sanctioned as the platform has been used to launder over US$7B worth of cryptocurrencies since its creation in 2019. This is because \"Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.\"<\/li><\/ul>\n\n\n\n
      On the 12th a suspected developer of Tornado Cash, Alexey Pertsev, was arrested<\/a> in the Netherlands by the FIOD for \"involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralised Ethereum mixing service Tornado Cash,\" his wife Ksenia Malik confirms<\/a>. The FIOD confirms<\/a> that Pertsev will remain in custody for 14 days.<\/li><\/ul>\n\n\n\n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      The attorney general also confirms that he is suing Microstrategy<\/a> for helping Saylor evade taxes that he legally owns. Moreover, in a threaded tweet, he encourages tweeps living in D.C to expect consequences if they refuse to pay their fair share of taxes.<\/li><\/ul>\n\n\n\n
      As stated in the lawsuit, Saylor alleged to live in Florida, a state without personal income taxes, or Virginia, which has lower taxes than D.C. and is where MicroStrategy is located, but in reality, he lived in DC.<\/li><\/ul>\n\n\n\n
      Michael Saylor's unpaid taxes is appraised at $25 million but, the District of Columbia is also seeking civil penalties, treble damages, and other fees at an estimated $100M dollar sum total.<\/li><\/ul>\n\n\n\n
      Saylor deferred responding to the allegations the instant they went public. Moreover, the billionaire and vocal bitcoin evangelist kept the focus on bitcoin, as usual. Ultimately, he released a statement addressing the allegations.<\/li><\/ul>\n\n\n\n
      Michael Saylor And MicroStrategy Response<\/h2>\n\n\n\n
      \u201cAlthough MicroStrategy is based in Virginia, Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life. I respectfully disagree with the position of the District of Columbia.\u201d Michael Saylor<\/a> stated.<\/li><\/ul>\n\n\n\n
      At the same time, Micro Strategy released a public statement about the case. \"The Company was not responsible for his day-to-day affairs and did not oversee his individual tax responsibilities\". The American company also affirmed that the claims against the company are fallacious and that they'll defend aggressively against the overreach.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n","post_title":"D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"d-c-attorney-general-seeks-to-collect-100m-in-unpaid-taxes-from-michael-saylor","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indian-parliament-passes-a-30-crypto-tax-law\/","post_modified":"2022-09-04 22:27:03","post_modified_gmt":"2022-09-04 12:27:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6898","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6647,"post_author":"1","post_date":"2022-08-14 22:39:09","post_date_gmt":"2022-08-14 12:39:09","post_content":"\n
      Within the last week, crypto mixer<\/a> Tornado Cash has been sanctioned<\/a> by the U.S. Treasury and an alleged developer of the protocol has been arrested.<\/p>\n\n\n\n
      A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions.<\/li><\/ul>\n\n\n\n
      The U.S. treasury stated on August 8th that Tornado Cash has been sanctioned as the platform has been used to launder over US$7B worth of cryptocurrencies since its creation in 2019. This is because \"Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.\"<\/li><\/ul>\n\n\n\n
      On the 12th a suspected developer of Tornado Cash, Alexey Pertsev, was arrested<\/a> in the Netherlands by the FIOD for \"involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralised Ethereum mixing service Tornado Cash,\" his wife Ksenia Malik confirms<\/a>. The FIOD confirms<\/a> that Pertsev will remain in custody for 14 days.<\/li><\/ul>\n\n\n\n
      Multiple firms including GitHub, Circle, Infura and Alchemy have terminated or suspended accounts related to Tornado Cash including co-founder Roman Semenov who had his GitHub banned. \"Is writing an open source code illegal now?\" he stated<\/a>.<\/li><\/ul>\n\n\n\n
      Users all over Twitter have condemned Pertsev's arrest, with Ethereum co-founder Vitalik Buterin stating<\/a> that he has used Tornado Cash before to donate to Ukraine so he couldn't be identified by governments and to protect them recipients of the funds.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> What Is A Crypto Mixer?<\/a><\/p>\n\n\n\n
      \nhttps:\/\/twitter.com\/RyanSAdams\/status\/1558044593937170433?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558044593937170433%7Ctwgr%5E01bd32cfa79a593f9ab0fe0cec3c4942b00cc549%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F107382%2Ftornado-cash-ethereum-token-down-50-after-sanctions\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/drwasho\/status\/1558041615633358848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1558041615633358848%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n\n\n\n
      \nhttps:\/\/twitter.com\/LBRYcom\/status\/1556746020092084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1556746020092084226%7Ctwgr%5E1be63f4071e840fabaf67e4793e68a440697a703%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftechcrunch.com%2F2022%2F08%2F12%2Fsuspected-tornado-cash-developer-arrested-in-amsterdam%2F\n<\/div><\/figure>\n","post_title":"War On Code - Tornado Cash Developer Alexey Pertsev Arrested","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"war-on-code-tornado-cash-developer-alexey-pertsev-arrested","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-mixer\/","post_modified":"2022-08-23 20:49:40","post_modified_gmt":"2022-08-23 10:49:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6647","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
      CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
      In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
      Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
      Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
      This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
      At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
      The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
      Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
      Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
      These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
      See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
      In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
      The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
      The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
      According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6100,"post_author":"4","post_date":"2022-07-09 18:37:48","post_date_gmt":"2022-07-09 08:37:48","post_content":"\n
      The US Treasury has released the framework to regulate cryptocurrency and has called on its global allies to do the same. This comes as the US has been progressing its the creation of its CBDC.<\/p>\n\n\n\n
      The\u00a0 framework<\/a>\u00a0that was released with the executive order from president Joe Biden announced that the treasury aims to regulate cryptocurrencies to:\u00a0<\/p>\n\n\n\n
      Protect consumers, investors, and businesses in the United States and globally by promoting technology and regulatory standards that reflect U.S. values;<\/li>
      Protect the U.S. and global financial stability and mitigate systemic risk;<\/li>
      Mitigate illicit finance and national security risks posed by the misuse of digital assets and counter and respond to efforts by foreign adversaries to drive standards and promote their protocols;<\/li>
      Reinforce U.S. leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets and by advancing technology and regulatory standards that align with U.S. values;<\/li>
      Promote access to safe and affordable financial services; and<\/li>
      Support technological advances that promote responsible development and use of digital assets by advancing research and relationships that increase shared learning.<\/li><\/ul>\n\n\n\n
      The US treasury also called on its global allies to do the same and prevent potential risks with an unregulated system.<\/p>\n\n\n\n
      The US continues to work on its CBDC taking the first step in doing so in January of 2022. A Central Bank Digital Currency<\/a> (CBDC) is the digital version of the country's fiat currency. The US stresses that this will be a great innovation for the world of currencies but still has its flaws that need to be worked on for it to become useable.<\/p>\n","post_title":"US Treasury Wants Global Regulation On Cryptocurrency While Progressing Development On Its CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"us-treasury-wants-global-regulation-on-cryptocurrency-while-progressing-development-on-its-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2022-07-09 18:37:54","post_modified_gmt":"2022-07-09 08:37:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5901,"post_author":"1","post_date":"2022-06-28 23:15:15","post_date_gmt":"2022-06-28 13:15:15","post_content":"\n
      Bank Al-Maghrib (BAM), Morocco's central bank, is working on a regulatory<\/a> framework for the use of cryptocurrencies.<\/p>\n\n\n\n
      BAM Governor, Abdellatif Jouahri\u00a0stated that the regulatory framework is currently under development and will be introduced soon according to Mapnews<\/a>.<\/li><\/ul>\n\n\n\n
      Jouahri also revealed that the bank engaged with the International Monetary Fund (IMF) and the World Bank to consult and assist in developing specific benchmarks for BAM.<\/li><\/ul>\n\n\n\n
      The bill will update the existing legislation to fight against money laundering and financial terrorism, although the IMF frequently warns of the dangers of legalizing cryptocurrencies like Bitcoin. It seems that the bill will promote innovation rather than avoid it while focusing on consumer protection.<\/li><\/ul>\n\n\n\n
      Interestingly, Jouahri stated<\/a> earlier this year that the adoption of cryptocurrencies is only a matter of time as it \"represents the future\", but despite the positive aspects of cryptocurrencies \"they are also surrounded with difficulties and dangers especially when it comes to money laundering, and terrorism, given the difficulty in tracing crypto transactions.\u201d<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"Morocco's Central Bank To Introduce Cryptocurrency Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"moroccos-central-bank-to-introduce-cryptocurrency-regulation-bill","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/president-of-european-central-bank-believes-crypto-is-worth-nothing\/","post_modified":"2023-04-11 00:13:31","post_modified_gmt":"2023-04-10 14:13:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5750,"post_author":"1","post_date":"2022-06-20 21:17:59","post_date_gmt":"2022-06-20 11:17:59","post_content":"\n
      Following the collapse<\/a> of TerraUSD and Terra LUNA, South Korean authorities have banned the project's main designers from leaving the country.<\/p>\n\n\n\n
      Local media, JTBC reported<\/a> that the Seoul Southern District Prosecutor Office\u2019s Joint Financial and Securities Crime Investigation Team have imposed bans on key developers including one, Mr. A.<\/li><\/ul>\n\n\n\n
      Mr. A described in an interview with the media that Terra founder, Do Kwon, had \u201cmade enough money to buy an island\u201d, a majority of this money coming from the private sale of LUNA to institutions. Prosecutors are investigating if funds raised in this way made for artificial 'market price adjustment'.<\/li><\/ul>\n\n\n\n
      The prosecution could also lead to a forced investigation including search and seizure and 'summoning by lines' of officials. Although, JTBC states that the compulsory investigation of key management including Do Kwon himself may take some time <\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"South Korean Authorities Ban Terra Designers From Leaving The Country","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-authorities-ban-terra-designers-from-leaving-the-country","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:33:54","post_modified_gmt":"2023-04-30 11:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5750","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5149,"post_author":"1","post_date":"2022-05-22 00:18:48","post_date_gmt":"2022-05-21 14:18:48","post_content":"\n
      Christine Lagarde, the president of the European Central Bank (ECB) has made her stance on cryptocurrency clear.<\/p>\n\n\n\n
      Lagarde was interviewed on College Tour, a Dutch T.V. show, and believes them to be \"highly speculative, very risky assets\" according to reports from Politico<\/a>.<\/li><\/ul>\n\n\n\n
      Lagarde is quoted as saying \u201cI have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.\u201d<\/li><\/ul>\n\n\n\n
      In contrast, Lagarde explains that a Central Bank Digital Currency (CBDC)<\/a> in the form of a digital euro would be an entirely different ballgame.<\/li><\/ul>\n\n\n\n
      ECBs Plan To Fight Inflation<\/h2>\n\n\n\n
      According to Lagarde, the ECB is planning to increase interest rates in July to \"slow inflation\".<\/li><\/ul>\n\n\n\n
      Current market expectations will see a 25 basis-point increase, rather than a 50 basis-point increase proposed<\/a> by the Dutch Central Bank.<\/li><\/ul>\n\n\n\n
      <\/p>\n","post_title":"President Of European Central Bank Believes Crypto Is 'Worth Nothing'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"president-of-european-central-bank-believes-crypto-is-worth-nothing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2022-05-22 21:12:40","post_modified_gmt":"2022-05-22 11:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5149","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
      
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      \n
      NEW: Today, we\u2019re suing Michael Saylor - a billionaire tech executive who has lived in the District for more than a decade but has never paid any DC income taxes - for tax fraud.<\/p>\u2014 AG Karl A. Racine (@AGKarlRacine) August 31, 2022<\/a><\/blockquote>
      
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      November 24, 2024
      
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      \n
      In a tweet from Thursday, Racine affirmed that the billionaire has lived in DC for more than 10 years and has never paid any income taxes.<\/li><\/ul>\n\n\n\n
      NEW: Today, we\u2019re suing Michael Saylor - a billionaire tech executive who has lived in the District for more than a decade but has never paid any DC income taxes - for tax fraud.<\/p>\u2014 AG Karl A. Racine (@AGKarlRacine) August 31, 2022<\/a><\/blockquote>
      
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      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
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      November 24, 2024
      
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      \n
      Karl A. Racine the attorney general of the District of Columbia (D.C) is suing Bitcoin Maximalist, Michael Saylor, and his company MicroStrategy for unpaid taxes.<\/p>\n\n\n\n
      In a tweet from Thursday, Racine affirmed that the billionaire has lived in DC for more than 10 years and has never paid any income taxes.<\/li><\/ul>\n\n\n\n
      NEW: Today, we\u2019re suing Michael Saylor - a billionaire tech executive who has lived in the District for more than a decade but has never paid any DC income taxes - for tax fraud.<\/p>\u2014 AG Karl A. Racine (@AGKarlRacine) August 31, 2022<\/a><\/blockquote>
      
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      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
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      \n
      1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
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      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
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      November 24, 2024
      
      Artificial Intelligence
      
      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
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      \n
      See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
      1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>
      
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      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
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      December 19, 2024
      
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      November 24, 2024
      
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      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
      
      November 24, 2024
      
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      \n
      \"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
      1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>
      
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      \n
      Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
      \"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
      1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>
      
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      \n
      Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
      Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
      \"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
      1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>
      
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      \n
      Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
      Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
      Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
      \"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
      1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>
      
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      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
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      \n
      $\"Elliptic\u2019s$
      Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
      Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
      Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
      Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
      \"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
      1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>
      
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      \n
      The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
      $\"Elliptic\u2019s$
      Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
      Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
      Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
      Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
      \"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
      1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>
      
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      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
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      November 24, 2024
      
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      \n
      Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
      The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
      $\"Elliptic\u2019s$
      Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
      Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
      Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
      Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
      \"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
      1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
      Blockchain
      
      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
      September 9, 2022
      
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      November 24, 2024
      
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      November 24, 2024
      
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      \n
      Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
      Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
      The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
      $\"Elliptic\u2019s$
      Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
      Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
      Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
      Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
      \"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
      1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>
      
      Previous 1 … 13 14 15 16 17 18 Next
      
      Most Read
      
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      Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions
      
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      November 24, 2024
      
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      \n
      Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
      Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
      Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
      The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
      $\"Elliptic\u2019s$
      Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
      Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
      Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
      Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
      \"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
      See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
      1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>
      
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