Author: American Coins & Gold

What’s at Stake for Crypto in India As the World’s Largest Democracy Is in the Midst of Its National Election?
India’s general election in 2024 is not expected to immediately affect crypto policy, and its current – restrictive – rules are expected to continue on through the upcoming Parliamentary term.

Hedera's HBAR Doubles, Then Falls 25%, as BlackRock Links Diminish
Hedera’s native HBAR token surged by more than 107% on Tuesday as investors believed that BlackRock was involved in a fund tokenization project on the Hedera blockchain, the token then slumped by more than 25% as BlackRock turned out to have no involvement in the launch.

In Mexico’s Biggest Election Yet, Crypto Remains on the Sidelines
Mexico is poised to have its biggest election ever in a few weeks, with 100 million voters choosing 628 elected officials, thousands of local officials and the president. And crypto issues will remain on the sidelines during the campaign.

Tether Will Freeze Wallets Evading Venezuelan Sanctions
Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports.

Binance Founder Changpeng Zhao Should Spend 3 Years in Prison, DOJ Says
Binance’s founder and former chief executive, Changpeng “CZ” Zhao, should spend three years in prison for his role in enabling the crypto exchange to violate federal sanctions and money laundering laws, the U.S. Department of Justice said Tuesday night.

Indonesian President Joko Widodo Warns of Money Laundering via Crypto and NFTs
Indonesian President Joko Widodo warned the Financial Transaction Reports and Analysis Centre (PPATK) to monitor the use of crypto and non-fungible tokens (NFTs) for money laundering during a speech last Wednesday at the 22nd Anniversary of the National Movement for Anti-Money Laundering and Terrorism Financing Prevention at the State Palace, Jakarta.

Bitcoin, Ether Coil as Crypto Traders in Limbo After Halving
Investors are still gauging macroeconomic factors, one observer said.

The Ever-Dwindling Chances for a Stablecoin Law
Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It’s the latest effort to try and get something done in the U.S. legislative front – but is it enough?

Institutional Digital Assets: The Future of Finance Is Here
Tokenization initiatives from BlackRock, JP Morgan and others presage a revolution in payments, wealth management and other key activities of Wall Street, says author Annelise Osborne.

Jailed Binance Exec’s Bail Hearing in Nigeria Postponed Until May 17
Detained Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, following an Abuja court’s ruling to postpone a scheduled bail hearing until after he is tried on money laundering charges.