Decentralized Court to Decide Sky’s Stablecoin Freeze Status
According to the co-founder of Maker, now Sky’s new crypto stablecoin, the status of the freeze function may include a decentralized court-like appeals procedure. In an interview with Cointelegraph during Korea Blockchain Week, Rune Christensen, the co-founder of Sky (formerly Maker), stated that developing a suspend function significantly more decentralized than centralized stablecoins is feasible. […]
FTC Reports Bitcoin ATMs Scams Jumps by 1,000% Since 2020
Scammers have exploited the speed of crypto transactions and anonymity to create a 1000% increase in scams involving Bitcoin ATMs since 2020, according to the Federal Trade Commission (FTC). These schemes frequently involve malicious actors deceiving victims into unknowingly transferring their funds through Bitcoin ATMs under pretenses. The Federal Trade Commission (FTC) reported that Bitcoin […]
FSA Japan Calls for Lower Crypto Taxes in 2025
Japan’s Financial Services Agency (FSA) has disclosed plans for a comprehensive reform of the tax code for fiscal year 2025, which could offer reduced tax rates for crypto assets. The Japanese Financial Services Agency (FSA) emphasized the importance of crypto assets in its August 30 request for tax reform, advocating for their treatment as conventional […]
Indonesia Plans to Ban Telegram Over Lack of Moderation
Indonesia, one of the largest consumers of Telegram globally, is reportedly contemplating a ban on the messaging platform due to its inadequate moderation of illegal content. The local news agency Jakarta Globe reported on Aug. 29 that Budi Arie Setiadi, Indonesia’s Minister of Communication and Informatics, claimed that authorities are contemplating blocking Telegram. According to […]
Tether Halts Blockchain Launch Due to Market Concerns
Tether, the issuer of the world’s largest stablecoin, USDT, has stopped its blockchain launch, citing a crowded market and strategic alignment. Paolo Ardoino, the company’s CEO, stated in an interview with Bloomberg News that the stance is derived from an analysis of the blockchain sector and a crowded market. Ardoino suggested that the company’s decision […]