The Thai government is reportedly set to allow tourists to exchange crypto for Thai baht and make electronic payments through e-money service providers.
Charles O. Parks III, who admitted to misusing $3.5 million worth of resources from two cloud computing providers to mine crypto, was sentenced to one year and one day in prison.
The proposal included geographically distributed multi-signature cold-storage for secure self-custody, proof of reserves, and a budget cap.
The Treasury is considering embedding digital identity checks into DeFi smart contracts as part of its GENIUS Act consultation on crypto compliance tools.
The current capital reserve requirements and rules make holding cryptocurrencies too costly for banks, limiting the sector’s growth.
The crypto industry is set to experience massive growth in the United Arab Emirates (UAE) due to its pro-tech and business regulations.
Without localized risk detection and public–private cooperation, illicit capital will continue to flow unchecked, and trust in the system will collapse.
The latest legal battle between Digital Currency Group and Genesis centered on a promissory note issued amid the collapse of Three Arrows Capital in 2022.
The cryptocurrency, allegedly linked to ransomware proceeds, is expected to be added to the US crypto reserve.
Atkins said the Securities and Exchange Commission would work to broaden access to investments typically reserved for accredited investors.