Australian Police Use New Powers to Seize $142.6K in Crypto
Victoria Police’s first crypto seizure highlights a new legal framework that allows police to confiscate digital assets through search warrants. Victoria Police in Australia completed its first crypto asset seizure valued at $142,679 after recent legal updates granted law enforcement new authority over digital assets. In its 2023–2024 annual report published on Oct. 31, Victoria […]
Kazakhstan CBDC Pilot Cuts VAT Refund Wait Times
The National Bank’s latest initiative demonstrates the benefits of programmable central bank digital currency. Kazakhstan has introduced a new pilot project for its central bank digital currency (CBDC) to demonstrate its programmability potential. Collaborating with the Ministry of Finance, the National Bank of Kazakhstan (NBK) showcased how the digital tenge can streamline value-added tax (VAT) […]
Libeara, FundBridge Introduce Onchain US Treasurys Fund
Libeara and FundBridge Capital’s Ultra Fund brings US Treasury investments onchain, strengthening blockchain finance. Libeara, a blockchain-based asset tokenization platform, and FundBridge Capital, an infrastructure provider for fund management, have introduced a tokenized U.S. Treasurys fund on a public blockchain. The fund, named the “Delta Wellington Ultra Short Treasury On-Chain Fund” or “Ultra Fund,” provides […]
US Treasury Strategy for Financial Inclusion
US Treasury advises against using cryptocurrencies, like Bitcoin, as a means to promote financial inclusion. The United States Department of the Treasury’s national strategy for financial inclusion solely mentions cryptocurrencies as a potential threat to consumers. There is no other type of financial inclusion strategy. The United States Treasury Department stated in a notification dated […]
Crypto PAC Targets Wisconsin with Final Media Buys Ahead of US Election Day
The Fairshake PAC disclosed to the FEC that it spent more than $760,000 on a media buy to support Wisconsin Representative Bryan Steil, running for reelection in 2024. The cryptocurrency-backed political action committee (PAC) Fairshake has announced one of its last expenses ahead of Election Day in the United States, supporting a Republican candidate in Wisconsin. […]