Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves

Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin USD Coin. Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). The company reported the update in a blog post published on May 17. USD Coin is an Ethereum-based token compliant with the […]

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European Central Bank: Crypto Does Not Have Tangible Impact on Real Economy

The European Central Bank stated that cryptocurrency’s implications for monetary policy do not factor into the real economy. The European Central Bank (ECB) stated that cryptocurrencies do not have implications on monetary policy or factor into the real economy in a May report. In the report dubbed “Crypto-Assets: Implications for financial stability, monetary policy, and […]

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India’s Complex Relationship with Crypto

The purported crypto ban represents the latest shaky step for the Indian government. A blow was struck to the crypto community in India in late April as reports circulated regarding a proposed ban on cryptocurrencies. India has a strong and passionate community of crypto enthusiasts, however, their steadfast belief in the value of cryptocurrency does […]

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Credit Agricole-Backed Blockchain Settlement Startup Setl Returns After Insolvency Filing

United Kingdom-based blockchain settlement startup Setl has emerged from administration. Credit Agricole-backed blockchain-based settlement startup Setl has emerged from administration, financial news outlet Finextra reports on May 3. Per the report, the United Kingdom-based startup has returned following its insolvency filing after its management bought the operating assets, the staff and the intellectual property rights […]

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Myanmar’s Central Bank Warns Public Not to Use Crypto After Series of Scams Reported

The Central Bank of Myanmar has received reports of several scams targeting consumers who lack understanding about crypto. The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3. In a statement obtained by the website, the central […]

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Washington State Law Recognizes Blockchain Records as Legally Valid and Enforceable

Washington state has passed a bill that recognizes and protects the legal status of electronic records pertaining to distributed ledgers. The United States state of Washington has passed a bill that recognizes and protects the legal status of electronic records pertaining to distributed ledgers like blockchains. The bill, substitute senate bill 5638, was signed into […]

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