Some provisions in the recent crypto regulatory proposal, which was approved by the European Parliament, are not supported by the European Commission. According to media reports, the executive branch in Brussels is not happy with anti-money laundering measures.
Pablo Hernandez de Cos is the governor of the Bank of Spain, and the chair of the Basel Committee on Banking Supervision. He explained that decentralized finance (defi), and the cryptocurrency space need to be regulated quickly to avoid financial instability. Hernandez de Cos mentioned that this rapid approach should bring the crypto-financial system under regulation before it gets bigger.
One expert believes that builders should push for stablecoins to be decentralized and have a clear purpose. Terra is causing heated debate about the trustworthiness.
KSI claims that he has lost $8 million in crypto thus far, and admits to a gambling addiction.
The largest digital bank platform in the world, Nubank, which is backed by Warren Buffett, has opened cryptocurrency trading. The bank started with bitcoin and ether and explained that customers of 54 million can now “buy, hold, and sell cryptocurrency all within the same app” without the need to open new accounts nor transfer money.
Blockchain technology is entering a new era, but there are limitations that must be overcome before decentralized archives can become mainstream.
As the crypto economy continues to drop by 14%, digital currency markets continue to fall in value. LUNA, the Terra native blockchain token, has fallen to $0.0156 an unit amid the market turmoil. Do Kwon, Terra’s founder, presented a plan Wednesday but, after some healing, Terra’s native tokens LUNA (and UST) continued to fall. People are starting to wonder about who funded this popular crypto project and which crypto firms were exposed to the failing assets.
PancakeSwap’s snapshot motion received more than 11 million CAKE votes from the start, with most participants supporting the v2 evolution.
The central bank governor said that Tanzania is closer to launching a digital currency (CBDC), which will give the country’s citizens a “safe option”. But, there is no date yet for the launch of digital currency.
Coinbase’s co-founder and CEO, Brian Armstrong, addressed fears about a recent disclosure the company made.
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