Crypto isn't immune to regulation, and regulators can't ignore crypto. Check out our latest Law Decoded and see what's cracking in the legal side of blockchain.
United States Senators Elizabeth Warren, Tina Smith and Richard Durbin have renewed their calls for Fidelity Investments to reconsider offering a Bitcoin -linked 401 retirement product. In a letter addressed to Fidelity Investments CEO Abigail Johnson, the three senators said the recent fall of FTX is more reason than any for the $4.5 trillion asset management firm to reconsider its Bitcoin offering to retirement savers.
The senators also added that “charismatic wunderkinds, opportunistic fraudsters, and self-proclaimed investment advisors” have played a huge role in manipulating the price of Bitcoin, which in turn has impacted 401 retirement savings holders who have invested in Fidelity’s Bitcoin product.The Reserve Bank of India is in the final stage of preparing the rollout of the retail digital rupee pilot. Each bank participating in the trial will test theamong 10,000 to 50,000 users.
The CBDC infrastructure will be held by the National Payments Corporation of India . Reportedly, at some point, the pilot is going to include all the commercial banks in the country. Earlier the RBI launched the wholesale segment pilot for the digital rupee, with the main use case being the settlement of secondary market transactions in government securities.
As a result of these findings, MASAK seized Bankman-Fried’s and affiliates’ assets after finding strong “criminal suspicion” on the above-mentioned points. A LinkedIn post from FTX TR noted that the exchange had over 110,000 users and processed an average monthly transaction volume of $500 million–$600 million since the launch of its mobile application earlier in 2022.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28A moratorium on PoW-mining in New York, a retail CBDC pilot in India, detention of Tornado Cash developer and other major news in regulation.
Read more »
Perspective | Moniker business: More first-rate tales of unusual first namesMoniker business: More first-rate tales of unusual first names
Read more »
First love, first flesh and Americana in 'Bones and All'After seeing Taylor Russell's affecting performance as a shy teenager in a grief-stricken family in 'Waves,' director Luca Guadagnino had just one 40-minute conversation with the Canadian actor, over Zoom, before deciding that she had to be his Maren, who finds herself alone and adrift in 'Bones and All.'
Read more »
Decoded: How Do Vaccines Actually Work?WorldImmunizationWeek: We all can see the effects of vaccines in our daily lives now because of COVID19, but how did we get here? And how do vaccines actually work? 📽️
Read more »
San Fernando Cathedral Church announces return to full Communion tradition before ChristmasIt is a special occasion for some because it is the first time at San Fernando Cathedral that many Catholics in San Antonio are being offered the full Blood of Christ Communion during mass since the beginning of the COVID-19 pandemic.
Read more »