Major U.S.-based payment processor PayPal has assembled a team of industry experts to act as advisors on crypto, blockchain, and digital currencies. In a Tuesday announcement, PayPal said the addition of six members to its Blockchain, Crypto and Digital Currencies advisory council would help support its current and future products as well as its goal of creating a more … [Read more...] about PayPal establishes advisory council for crypto and blockchain
Council
Hedera Governing Council to buy hashgraph IP, and open-source projects code
The Hedera Governing Council has officially voted to purchase the intellectual property rights to the hashgraph consensus algorithm from founding architect and inaugural member of the council, Swirlds Inc, for an undisclosed fee.A Wednesday announcement also details plans to transition their code to an open-source model this year under Apache 2.0 license, in addition to … [Read more...] about Hedera Governing Council to buy hashgraph IP, and open-source projects code
European Council approves two digital asset proposals
The European Union's planned framework for regulating cryptocurrencies is one step closer to becoming official. On Wednesday, the European Council, which guides the EU's political agenda, announced its position on the Markets in Crypto Assets (MiCA) framework and the Digital Operational Resilience Act (DORA).Following the deal, which must then be ratified, the European Council … [Read more...] about European Council approves two digital asset proposals
European Council Takes One Step Closer to Ratifying Landmark Crypto Regulation
The MiCA framework was introduced in September 2020 by the European Commission, the EU’s executive branch. On Wednesday, the Council adopted its position on another framework, the Digital Operational Resilience Act (DORA) alongside MiCA. Both frameworks are part of the Union’s larger digital finance initiative. Source link … [Read more...] about European Council Takes One Step Closer to Ratifying Landmark Crypto Regulation
Iran Blockchain Association head calls for special council on crypto laws
According to Iran’s main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government’s inactivity, offering its help to regulators that it feels are inadequately prepared to handle such a challenging task. Abbas Ashtiani, head of the Iran Blockchain Association (IBA), said that Iranian … [Read more...] about Iran Blockchain Association head calls for special council on crypto laws