Monday, August 2

Cryptocurrency Regulation

Bitcoin, CBDC, Crypto assets, Cryptocurrencies, Cryptocurrency Regulation, DAOs, digital assets, Markets, MI Exclusive, Wyoming

Wyoming is the first US state to approve a DAO, consolidating its crypto-friendly reputation

US flag Gary Hershorn American CryptoFed DAO has been allowed to legally operate in Wyoming from July 1. Decentralized autonomous organizations are pieces of code that execute actions on the blockchain without any intermediaries. This is another in a series of steps that have made Wyoming one of the most crypto-friendly US states. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Wyoming has legalized a decentralized autonomous organisation (DAO) with effect from July 1, marking another in a series of steps that have made the state the most crypto-friendly jurisdiction in the United States. American CryptoFed DAO, which runs a stablecoin on its network, has received approval from the state to operate as a distinct type of limited liability company, accordi...
Bitcoin, bitcoin regulation, China bitcoin, Crypto Regulation, Cryptocurrency Regulation, Markets, MI Exclusive, SEC, Weekend BI UK

Tighter regulation will boost cryptocurrencies by tackling’unholy’ activity, a finance law professor says

Regulation will boost crypto by weeding out "unholy" criminal activity, a law professor has said. Emilios Avgouleas said tougher rules may be bad for crypto prices in the short run, however. China is among the states cracking down on bitcoin, while the US's SEC is taking a close interest. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Tighter regulation of cryptocurrencies will benefit the industry in the long run by tackling "unholy" criminal activity and making digital tokens more legitimate, a finance law professor has said.Yet, regulations may hit the value of cryptocurrencies such as bitcoin in the s...