South Korea’s financial watchdog is considering a speedy review of new cryptography proposals, according to a CoinDesk report.
The task force plans to consider proposed virtual asset laws and currently has 13 proposals.
This is after Terra collapsed, sending shockwaves through the cryptocurrency industry, with many companies recently freezing withdrawals and several filing for bankruptcy.
India’s Enforcement Department is reportedly investigating 10 cryptocurrency exchanges that have laundered more than $10 million (Rs 100 billion) as criminal proceeds, India’s Economic Times reports. rice field.
Many companies have ties to China.
Citing unnamed sources, the report said a number of companies approached exchanges to buy cryptocurrencies that would be sent to international wallets.
Binance Labs has invested in web3 infrastructure provider Ankr, according to a press release.
The funding will help Ankr add work on its remote procedure call service and further build out its web3 developer suite.
This is because Ankr made open source contributions to BNB Chain and BNB Liquid Staking.
Furthermore, nearly half of Australian retail investors will own cryptocurrencies by the end of 2021, and many more get their information about cryptocurrencies from YouTube videos, Reuters wrote.
Australia’s securities regulator said this was a “strong case for regulation”.
About 25% of surveyed investors said their crypto holdings were their only investment.
In other news, a highly ambitious upgrade, an Ethereum “merge,” is likely to take place in September, Reuters wrote.
The Merge has been in talks for years and will change the way Ethereum orders transactions to be more energy efficient.
Finally, the DOJ has called for increased court scrutiny of Celsius’ plans to pay employees severance payments and sell Bitcoin, Reuters wrote.
The U.S. Trustee, the bankruptcy watchdog of the U.S. Department of Justice, has filed objections against the company’s proposal to pay 19 employees $409,000 in severance payments.
The DOJ said it needed more transparency about Celsius’ assets and plans before moving forward.