Lawyer for Cryptoqueen’s OneCoin compliance chief asks for time served
The attorney cited Irinia Dilkinska’s role as a “loving wife and mother,” claiming time served was an appropriate sentence for her role in the OneCoin scheme.
The attorney cited Irinia Dilkinska’s role as a “loving wife and mother,” claiming time served was an appropriate sentence for her role in the OneCoin scheme.
The Greens think the current one-year holding tax exemption for crypto is unfair and are seeking to abolish it.
OKX was among the nine foreign crypto exchanges blocked in India after the local regulators issued compliance notices.
ASIC Commissioner Alan Kirkland highlighted the need to solve the “regulatory trilemma” when it comes to financial innovations, such as consumer protection, market integrity and encouraging financial innovation.
The SEC’s reported investigation into the Ethereum Foundation could explain why the regulator hasn’t been forthcoming with prospective spot Ether ETF issuers, some suggest.
Economists wrote a letter to “commend” Honduras’ decision to withdraw from an international court where it has been fighting the U.S.-based firm behind Próspera.
Crypto exchange Coinbase has announced plans to launch futures trading for Dogecoin, Litecoin and Bitcoin Cash as soon as April 1.
According to Odaily: Recovery in the stock market and boost in risk assets, sparked by Federal Reserve Chairman Powell's stance on inflation, continued when he suggested that a rate cut in May or June hasn't been ruled out yet. The statement came on March 21, and has instilled further confidence in the market anticipating potential monetary relaxation. Earlier worries in the market, spurred by January and February's inflation reports, hinted at possible delays in the Federal Reserve's interest rate reductions. However, Powell's inflation perspective, along with his open stance about potential rate cuts in the coming months, has played a key role in recent stock market upturns, as gains continue to accelerate.
According to CoinDesk, US Rep. Patrick McHenry and Sen. Cynthia Lummis have stated that there is a potential path for a stablecoin bill in Congress this year, although they could not provide a specific timeline. The US Senate has been lagging on the stablecoin issue, with no committee work on a bill yet. McHenry, the chairman of the House Financial Services Committee, said that a stablecoin bill is largely worked out in the House of Representatives and just needs a scheduled floor vote. He has been working with Rep. Maxine Waters, the panel's top Democrat, on a stablecoin bill for nearly two years. Sen. Cynthia Lummis also spoke at the event, saying those working on the stablecoin bill in the Senate are speaking 'daily' with their House counterparts. She predicted that a compromise bill is the most likely crypto legislation to make it in 2024. Lummis noted that Sen. Chuck Schumer, the majority leader of the Senate, has said he is willing to consider such a bill. McHenry's committee has previously passed a stablecoin bill in his committee with a bipartisan vote that saw several Democrats supporting the Republican-driven version despite Waters' opposition.
According to Odaily: Federal Reserve Chairman, Powell, on March 21, weighed in on the issue of the Central Bank Digital Currency (CBDC), stating that it is premature for the Federal Reserve to investigate it. He affirmed that for a digital dollar to be launched, legislative authorization is mandatory. It was made clear that the Federal Reserve is far from launching a Central Bank Digital Currency of its own. This stance by the Chairman emphasizes the complexity and regulatory challenges the potential adoption of digital currencies presents to financial establishments globally.