60 Organizations Launch Campaign Urging US Congress to Protect Privacy

On Wednesday, 60 organizations involved in cryptocurrencies, open-source and free software, and human rights and privacy-preserving projects launched a new campaign calling on the 118th U.S. Congress to protect privacy. The groups, including Fight for the Future, Electric Coin Co., and the Tor Project, insist that Congress needs to deliver policies dedicated to standing up […]

NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry

On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer funds should be segregated with separate accounting. FTX Collapse Prompts NYDFS to Issue […]

Ethereum Software Company Consensys Collects User Data, Privacy Policy Discloses

Crypto users have been complaining about a recent Consensys privacy policy update that says when Infura is leveraged as a remote procedure call (RPC) via Metamask, wallet and IP address data is collected. The news follows a similar decision the decentralized exchange (dex) platform Uniswap recently made concerning data collection. The dex platform’s operator, Uniswap […]

Bank of Mexico Creates Conditions for the Launch of CBDC

The issuing institute is renewing the CoDi electronic payment system, three years after its launch, to encourage the use of digital money. Mexico anticipates that by 2024, it will be able to launch the digital Mexican peso but needs to increase the rates of banking and use of electronic payment platforms. The new platform, called […]

IMF Renews Risk Warning On Stablecoins, But Admits Their Benefits

A study carried out by the IMF acknowledges the necessity of stablecoins to some economies, and the subsequent difficulty in prohibiting them. The body proposes the creation of “complete, consistent, and coordinated global standards” for the purpose of regulating and supervising the issuance and trading of cryptocurrencies. According to the study, the popularity of stablecoins […]

Jerome Powell Urges Broader Regulation For Stablecoins

During a virtual conference in which ECB President Christine Lagarde also participated, the Federal Reserve Chairman offered his opinion on stablecoins. Powell acknowledged that interest rate hikes this year contributed to the crypto winter. The president of the US central bank said that the Fed has not yet decided when it will make a decision […]

Ripple’s Ex Executive To Lead Australia’s CBDC Project

The Reserve Bank of Australia (RBA) has released the white paper titled “Australian CBDC Pilot for Digital Finance Innovation” announcing the central bank digital currency (CBDC) pilot project (eAUD), which is being led by Ripple’s former executive Dilip Rao, as the program director of the CBDC project. Rao, who contributed to Ripple’s XRP Ledger – […]