legal framework
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The First Legal Freezing of Digital RMB in China: A New Milestone in Enforcement
According to reports, recently, the People\’s Court of Hanshan District, Handan City, Hebei Province lawfully froze the digital RMB in the account of a person being executed during
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KuCoin Labs and VAIOT Launch Digital Asset Regulation Research Institute (DARI) to Promote Cryptocurrency Industry-led Regulation
According to reports, KuCoin Labs has jointly established the Digital Asset Regulation Research Institute (DARI) with blockchain and artificial intelligence service enterprise VAIO
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Investigating Cryptocurrency Exchanges in South Korea
On April 3rd, a spokesperson for the prosecutor\’s office in the southern region of Seoul said, \”If we see more evidence, we will (expand) the investigation to other exchanges.\” Sou
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British Government’s Economic Crime Plan: Second Part Announced
According to reports, British Home Secretary Suella Braverman announced the second part of the British government\’s economic crime plan at the Economic Crime Conference this week.
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US CFTC Technical Advisory Committee held a discussion meeting on DeFi
On March 23, the Technical Advisory Committee of the Commodity Futures Trading Commission (CFTC) held a discussion meeting on DeFi. Senior executives of encryption companies briefed the CFTC on key issues affecting this field, including vulnerability exploitation, decentralization, and digital identity. The committee will focus on “why use DeFi”, what issues DeFi solves, and the proposed legal and policy framework. Interpretation of this information: The Technical Advisory Committee of the Commodity Futures Trading Commission (CFTC) recently held a discussion meeting on Decentralized Finance (DeFi) on March 23. The meeting was…
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British Legal Group: The clarity of digital assets will enhance the leading position in the field of digital securities
It is reported that the UK Jurisdiction Task Force (UKJT) established by the LawtechUK team issued a statement on the clarity of digital assets, which will consolidate the UK’s position as a leader in the digital securities and financial market. According to the group, as digital transformation has become the primary task of many institutions operating in the financial market, the issuance and transfer of digital securities, or equity or debt securities based on blockchain or distributed ledger technology, has become increasingly important. The organization said that it has obvious…
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Federal Reserve Chairman Powell: Congress needs to develop a legal framework to regulate stable currency
It is reported that the Federal Reserve Chairman Powell said in his testimony at the hearing of the Senate Banking Committee that the Federal Reserve and other U.S. banking regulators have repeatedly issued statements and policy interpretations to issue severe warnings to banks about cryptocurrencies. In the recent warning, regulators clearly pointed out that banks that focus on encryption may not meet the security and soundness standards, which are the benchmark for continuing to operate in the United States. In addition, Powell said that Congress needs to intervene to provide…