An MAS official said Singapore's central bank will be 'brutal and unrelentingly hard' on bad behavior in the crypto industry. By camomileshumba
The Monetary Authority of Singapore will be 'brutal and unrelentingly hard' on bad behavior in the crypto industry, said Sopnendu Mohanty, the central bank's chief fintech officer.
Mohanty's comments comeof the terraUSD (UST) stablecoin in May roiled markets that were already dropping from November's highs because of a decline in macroeconomic conditions.“We have no tolerance for any market bad behavior," he said.Read more: CoinDesk »
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A legal challenge over crypto reporting could strike down decades-old anti-money laundering lawsPayments over $10K must be reported to the government, but for how long? Of course crypto groups wanna get rid of reporting requirements. It’s not about surveillance but capitalistic force vs the national interest. If the court strikes down the basic money-laundering comonsense, then it’s just one more reason for the world to lose faith in democracy
Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand – Mining Bitcoin NewsAuthorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. Oh my! $PAW We move , you know? $PAW That doesn’t cost bitcoin anything $PAW
Elon Musk Discusses Crypto Investing, Dogecoin Support, 'Unresolved' Twitter Issues, and Near-Term Recession – Featured Bitcoin NewsElon Musk has shared his views on a variety of topics, including crypto investing, dogecoin, 'unresolved matters' in his Twitter deal, and a US recession. WorldCupToken_ with certik audit gonna go places elonmusk TWEET ABOUT WorldCupToken_ worldcuptoken going to moon
News Corp. CEO: Crack down on Big Tech’s self-dealingNews Corp. CEO Robert Thomson said that if governments don’t take action now to curb “self-preferencing” online, the opportunity may be gone forever.
GameFi continues to grow despite crypto winter: DappRadar reportThe report also gave several examples for how GameFi projects are utilizing crypto assets for reasons other than speculation. I'm honestly excited for the future of the Web3 gaming industry, especially with Game7 that's building a gamify community that will support and fund creators, initiatives, projects, developers, and more with the help of BitDAO, aiming to accelerate blockchain gaming adoption GameFi projects have been popping up, fully proving its infinite vitality.
'It's Probably Gonna Be a Huge Cry Fest': Plunging Crypto Markets Cast a Shadow Over the Opening of the World's Largest NFT Conference | Artnet News'It's probably gonna be a huge cry fest.' Plunging crypto markets cast a shadow over the opening of the world's largest NFT conference: Perhaps, but as a collector of both traditional art and NFTs, NFTs are way more fun and way more liquid, easy to maintain, store, buy & sell, etc. I’m sure they must be taking a bite out of physical art or will soon. I struggle to care. It has nothing to do with art or finance and everything to do with classic Get Rich Quik-N-EZ pyramid scheme grift. Not like frickin' Marx didn't exactly predict such nonsense in late capitalism. Too bad so many people allowed themselves to be duped. It was already a huge cry fest and it was also to be expected to come. This always happens with pyramid schemes. If you want to collect art, collect REAL art instead of some stupid 'owner' codes, flashy gifs and dead pixels.
its Singapore unit and dropped its application for a license after MAS told it to stop all crypto transfers.allowed dark money to play an outsize role in influencing contemporary elections.The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced.keep supporting DOGE, stating: I just know a lot of people who are not that wealthy who, you know, have encouraged me to buy and support dogecoin.
Mohanty's comments come of the terraUSD (UST) stablecoin in May roiled markets that were already dropping from November's highs because of a decline in macroeconomic conditions. “We have no tolerance for any market bad behavior," he said. Evan Greer, director of digital rights advocacy group Fight for the Future, tweeted in favor of the legal challenge, writing that supporters of basic rights “should oppose unconstitutional expansions of surveillance that will disproportionately harm marginalized and over-policed communities. Still, while the process may be tortured, that hasn't prevented some crypto companies from staying the path. The government official noted that the measure applies to 118 licensed mining farms currently operating in the Islamic Republic. The country recently granted in-principle digital token payment licenses to crypto exchange . It doesn't matter how you feel about cryptocurrencies, digital assets,"web 3," blockchain, etc.