Weekly Report (30 may-05 June 22) | What Happened This Week In Crypto

This Report will provide you with some important and quick news about cryptocurrencies that happened around the world.

1) US Legislators Introduce Bill To Require Disclosure Of Crypto Assets By Members Of Congress

Legislators would be required to disclose any transactions involving more than $1,000 in digital assets under the Cryptocurrency Accountability Act. They would also be required to declare cryptocurrency transactions made by their wives and children…[continue reading]

2) Japan’s Parliament Creates A Framework For Stablecoins To Protect Investors

Stablecoins that are tied to the value of the Japanese yen or another fiat currency are now subject to a new law in Japan. There has never been anything like this before. Stablecoins are explicitly defined as digital currency under the legislation. People must be able to redeem them for their face value if they are connected to a legal currency, such as the yen…[continue reading]

3) Deputy Governor Of The Reserve Bank Of India Predicts That CBDCs Would Be The Death Of Crypto

Indian Times reported on June 3 that Bank of India Deputy Governor T. Rabi Sankar said private cryptocurrencies have the potential to be used for negative purposes, notwithstanding their excellent technology…[continue reading]

4) Green Bitcoin Mining Firm Will Soon Be Based In North Dakota

One U.S. state has welcomed a green Bitcoin (BTC) mining business into its fold as the cryptocurrency sector develops across nations and industries and environmental problems give birth to restrictive legislation…[continue reading]

5) Apple’s Next Developer Conference Has Sparked Reports About NFT Trading Cards

From June 6 to 10, Apple’s Worldwide Developer Conference 2022 will be streamed live and include some of the industry’s greatest experts and champions. iOS 15, iPadOS 15, MacOS Monterey, and watchOS 8 are among the four new hardware and software versions that Apple wants to reveal at the next Worldwide Developers Conference (WWDC) on June 6…[continue reading]

6) JPMorgan Gets Into DeFi With A Pilot Project On Tokenizing Assets In Singapore

Investment bank JPMorgan Chase & Co. is working with Singapore’s central bank to tokenize its DeFi cryptocurrency as part of an effort to better understand the economic potential and value-added use cases of cryptocurrencies…[continue reading]

7) The World Bank Opposes The Central African Republic’s Legal Tender Trajectory For Bitcoin

Despite the Central African Republic’s recent decision to legalise Bitcoin, the World Bank has raised caution over the country’s desire to establish a crypto centre. Last week, the nation’s president tweeted that the government has established its first crypto initiative called “SANGO” to guide the country’s bitcoin strategy. This comes as a result of that announcement…[continue reading]