Germany Orders Worldcoin to Delete Iris Scan Data Over Privacy Concerns
German data protection regulators have ordered Sam Altman's Worldcoin project to delete all user iris scan data, citing GDPR violations. The landmark ruling creates challenges for blockchain projects using biometric data and signals stricter oversight of digital identity verification in Europe.
Ohio Proposes Groundbreaking Bitcoin Reserve Bill, Following Texas and Pennsylvania
Ohio House Bill 703 could make the state the third in the US to hold Bitcoin in government reserves, as lawmakers seek protection against dollar devaluation. The Ohio Bitcoin Reserve Act, introduced by Republican leader Derek Merrin, aims to authorize state treasury Bitcoin investments while promoting financial innovation.
Coinbase Reports Significant Drop in Global Law Enforcement Data Requests
Cryptocurrency exchange Coinbase reveals an 18% year-over-year decrease in law enforcement information requests, with notable declines across major European markets. The US remains the top requester while Singapore emerges as a rising jurisdiction, highlighting shifting regulatory dynamics in the crypto space.
Japanese Lawmaker Proposes Groundbreaking National Bitcoin Reserve Strategy
A Japanese parliamentarian named Satoshi Hamada is spearheading an ambitious initiative to establish a national Bitcoin reserve, submitting over 200 proposals to convert foreign exchange holdings into digital assets. The campaign gains significance as other major economies, including Russia and Brazil, explore similar strategies while Bitcoin surges past $100,000.
Trump Administration Eyes Former CFTC Commissioner for Leadership Role
Brian Quintenz, former CFTC commissioner and current Andreessen Horowitz advisor, emerges as a top candidate to lead the CFTC under Trump's administration. His potential appointment signals a shift toward crypto-friendly regulation while balancing innovation and investor protection in digital assets.
French Hill Takes Helm of House Financial Services Committee, Signaling New Era for Crypto Regulation
Republican Representative French Hill's appointment as chair of the House Financial Services Committee marks a pivotal moment for cryptocurrency legislation. With extensive fintech experience and bipartisan approach, Hill aims to prioritize stablecoin regulation and market structure reforms.
Australian Court Fines Kraken's Local Operator $8M for Unlicensed Credit Services
Bit Trade, operating Kraken crypto exchange in Australia, faces an $8M penalty for offering margin trading without proper regulatory compliance. The landmark case clarifies the regulatory treatment of cryptocurrency lending services and highlights increasing oversight of digital asset businesses.
Vancouver Takes Bold Step Towards Bitcoin Integration in City Finances
Vancouver's City Council has approved a pioneering motion to explore Bitcoin adoption as a reserve asset and payment method for municipal services. Mayor Ken Sim leads the initiative with a personal Bitcoin donation, despite regulatory hurdles and environmental concerns.
El Salvador and Argentina Form Historic Partnership to Advance Crypto Regulation
El Salvador and Argentina's regulatory bodies have joined forces to develop cryptocurrency frameworks and foster innovation across Latin America. The partnership between the nations' respective commissions aims to facilitate international expansion while maintaining proper oversight of digital assets.