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Utah State Legislature passes the Utah DAO Act

0xMain
March 6, 2023

Act, DAO, Hacking, Legislature, passes, State, Utah

The Utah State Legislature, recently passed the Utah Decentralized Autonomous Organizations (DAO) act, otherwise known as under Act HB 357, Reported at the beginning of March by the National Law Review, the Act resulted from combined efforts between the Digital Innovation Taskforce and...

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CoinEx sued by NYAG for failing to register in the state

0xMain
February 23, 2023

CoinEx, failing, Hacking, NYAG, register, State, sued

Hong Kong-based crypto platform CoinEx is facing a lawsuit from New York Attorney General Letitia James, who accuses the firm of falsely presenting itself as an exchange by not registering as a securities and commodities broker-dealer in the state. The petition, filed on...

FED may prohibit state banks from holding cryptos as principal

0xMain
February 8, 2023

banks, cryptos, FED, Hacking, holding, principal, prohibit, State

The Federal Reserve System stated that it intends to presumptively prohibit state banks from holding crypto-assets as principals without permission from the Fed and OCC. In an updated guide issued on the Federal Register, the Board of Governors of the Federal Reserve System said...

EU finance ministers’ group state political aspects of digital euro

0xMain
January 17, 2023

aspects, Digital, euro, finance, group, Hacking, ministers, political, State

The Eurogroup reaffirmed its support for digital euro research but underlined that some of the design and application features under consideration would necessitate political decisions. Following a meeting in Brussels, the eurozone finance ministers issued a statement on the launch of the digital...