Blockchain DXB: Crypto & Coffee at 8 ☕ 02nd Oct🔴Ohio - Bitcoin & Crypto payment for taxes ❗Gemini Exchange shutdown in Canada ❌Tornado Cash-Court Rejects Defense Motions ❌Worldcoin fined in SK 🚨
Blockchain DXB
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02nd Oct: Blockchain DXB Podcast
🔴Ohio - Bitcoin & Crypto payment for taxes ❗Gemini) Exchange shutdown in Canada ❌Tornado Cash-Court Rejects Defense Motions ❌Worldcoin) fined in SK 🚨Indonesia -NFT stamps
🔴Ohio Niraj Antani (R) has introduced a bill the legalize the use of cryptocurrency to pay state and local taxes and fees. He also mentioned Cryptocurrency is not just the future — it’s the present Info here https://t.ly/t_kUJ) The proposed legislation requires all political subdivisions in Ohio to accept Bitcoin and other cryptocurrencies for payments. . Check out today's Blockchain DXB episode we share our commentary on this and more
👀 The judge in the Tornado Cash case rejected the defense’s motions to compel discovery and dismiss charges. The court ruled that Tornado Cash’s role in facilitating cryptocurrency transfers makes it a "money transmitter" under the Bank Secrecy Act. The defense’s argument that writing code is protected speech was also dismissed, as using code for illegal activities is not protected by the First Amendment. This ruling could impact developers in the digital economy. Official filings here https://shorturl.at/o2IeZ)
❌ Gemini), the cryptocurrency exchange owned by the Winklevoss twins, has announced it will close all customer accounts in Canada by December 31, 2024. In a notice to users, Gemini instructed them to withdraw their crypto assets and fiat currencies by this deadline, citing Canada's increasingly strict regulatory environment as the reason for the exit. This move aligns with other major exchanges like Binance, Bybit), OKX), and dYdX), which have also left the Canadian market due to heightened compliance demands
🌍 Worldcoin) and Tools for Humanity have been fined $850,000 by South Korea's Personal Information Protection Commission for illegally collecting and transferring biometric data, specifically iris scans, from nearly 30,000 users without proper consent. The investigation revealed that Worldcoin violated South Korean privacy laws by failing to inform users of data recipients and providing inadequate notifications about data usage. Official info here https://t.ly/j8NHU)
👀PosIND, Indonesia's largest postal company, has launched the country's first NFT stamps, featuring a bird of Cenderawasih. Issued in limited quantities, the NFT stamps come in booklet form and represent a blend of traditional stamp collecting with blockchain technology. This innovation is expected to attract philately enthusiasts, offering potential value as a digital collectable asset. Official post via Instagram here https://t.ly/SHu6L)
🟠 Two UAE news (See slides)
⚡ Ripple) Receives In-Principle Approval from the Dubai Financial Services Authority (DFSA))
⚡ The Virtual Assets Regulatory Authority [VARA]) has announced updated marketing regulations for Virtual Asset Service Providers in Dubai, effective October 1, 2024.
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