Category: Law of the Chain

Kazakhstan’s sovereign wealth fund considers crypto investments for national reserves, inspired by Norway and the US. The central bank plans aggressive strategies, including a national crypto asset reserve.

US Congress prepares for ‘Crypto Week’ with votes on three key bills: GENIUS Act for stablecoins, CLARITY Act for market structure, and Anti-CBDC Surveillance Act. The Tornado Cash trial also begins this week.

Nigeria’s EFCC chair accuses politicians of using crypto to hide corrupt wealth, citing rising fraud and lack of transparency. Experts acknowledge risks but note limited verifiable data on crypto’s role in political corruption.

The US House of Representatives will vote on three crypto bills, including a controversial stablecoin amendment, before Congress recess.

Bank of England Governor Andrew Bailey cautions banks against acting as central bankers amid UK support for tokenized deposits, questioning stablecoins’ impact on monetary systems.

Ripple, Circle, and BitGo are applying for banking licenses amid US pro-crypto policies. The GENIUS Act aims to regulate stablecoins, boosting crypto legitimacy. Snorter Token ($SNORT) is highlighted as a promising investment.

Kazakhstan’s National Bank considers adding crypto to its sovereign wealth reserves, studying global models. Plans include a state crypto reserve for seized assets and stricter exchange regulations.

Hungary has enacted strict laws imposing up to 8 years in prison for unauthorized crypto trading, targeting both individuals and unlicensed service providers, causing industry upheaval.

Grayscale has confidentially filed for an IPO with the SEC, aiming to capitalize on Bitcoin’s surge past $120,000 and regulatory momentum during Washington’s Crypto Week.

Shanghai’s state asset regulator studied stablecoins and blockchain for cross-border trade, signaling tiered experiments amid China’s crypto ban, while officials warn of stablecoin scams.