SEC Wins Lawsuit Against Thor Technologies
Thor Technologies founder David Chin, has lost a legal battle with the U.S. Securities and Exchange Commission (SEC) over the unauthorized transfer of $2.6 million of crypto asset securities. According to the 21 December 2022 SEC complaint, Chin and Thor Technologies raised $2.6 million from 1,600 investors between March and May 2018. The sale of […]
Central Bank of Argentina Says Digital Peso Bill Is in Works
The Central Bank of Argentina announced that it has accelerated its work on the legislation necessary to implement its central bank digital currency (CBDC) ‘digital peso’ workflow in the country. During a public discussion on the Filo News channel on October 18, Argentina Central Bank director Juan Agustin D’Attellis Noguera disclosed that the BCRA is […]
Chamber Of Digital Commerce Joins Binance in US SEC Lawsuit
The Chamber of Digital Commerce joins other digital asset companies, associations, law firms, and legislators in dismissing Binance v. U.S. SEC case. The foremost blockchain trade association in the world seeks to end the SEC’s attempt to regulate the cryptocurrency industry without authority from the U.S. Congress, thereby halting the SEC’s enforcement-based approach to regulation. […]
EU Data Protectors Recommend Regulations for Digital Euro
The European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) issued a joint opinion statement on the regulation of the “digital euro,” which was proposed by the European Commission in July 2023. The regulators made several recommendations to enhance the personal data protection standards for the European Central Bank’s digital currency (CBDC). […]
BOF Works on Instant Payments System Embraces Digital Euro
The Bank of Finland (BOF) is promoting the development of new forms of payment with the development of a Finnish rapid payment system that conforms to European standards. Valimaki disclosed that the BOF actively encourages the creation of novel payment methods. The official referred to the digital euro as “the most topical project” in the […]