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United States representative French Hill recently appeared on CNBC and said that the US desperately needs a crypto market structure bill, which he described as a “top priority” for the Republican Party.
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The suit was filed by law firm Kneupper & Covey in the United States District Court for the Northern District of California. According to the BiT Global attorneys, Coinbase has been onboarding memecoins for trading on its platform while challenging wBTC compliance with listing standards shortly after releasing a similar product.
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United States representative French Hill recently appeared on CNBC and said that the US desperately needs a crypto market structure bill, which he described as a “top priority” for the Republican Party.
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The suit was filed by law firm Kneupper & Covey in the United States District Court for the Northern District of California. According to the BiT Global attorneys, Coinbase has been onboarding memecoins for trading on its platform while challenging wBTC compliance with listing standards shortly after releasing a similar product.
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Coinbase Asset Management introduced Project Diamond in December 2023. Project Diamond is not available to users in the United States. Chainlink debuted the CCIP in April. It allows crosschain token transfers and smart contract messaging across blockchain networks.
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Chainlink will provide data and connectivity between public and private blockchains and existing financial systems through Chainlink’s Cross-Chain Interoperability Protocol (CCIP), assuring users of compliant solutions.
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Peregrine, the PSG Digital business regulated by the ADGM, will be the flagship user of the integrated platform.
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Project Diamond is regulated by the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) and is a resident of the ADGM RegLab sandbox. It has the trade name Onchain Marketplace. That implementation will be upgraded in the integration.
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Blockchain oracle network Chainlink has integrated with Coinbase’s Project Diamond, Coinbase’s digital asset platform for global institutions. The integration will provide data and enable full lifecycle management of new tokenized assets on the platform.
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Still, he had expressed confidence in CBDC’s potential to “underpin the payment systems of the future,” both for domestic and cross-border payments.
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“Such understanding would emerge from the generation of user data in pilots. The actual introduction of CBDC can be phased in gradually,” Das said.
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Previously, Das had advised against implementing a “system-wide CBDC” rollout without understanding the technology’s potential impact on users and India’s monetary policy.
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A related Bloomberg report suggested that India was exploring the use of CBDCs as its primary settlement mechanism for the payments platform, which is currently operational in Sri Lanka, Bhutan and Nepal.
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In November, the RBI sought to add new trading partners in Asia and the Middle East to expand its cross-border payments platform for instant settlements.
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According to local media reports, behind the leadership overhaul is Milei’s fiscal policy. During his first year at Argentina’s Casa Rosada — akin to the United States White House — Milei sought deep economic reforms in the country, including staff reductions and a restructuring of the tax system. The tax agency faced criticism for allegedly high salaries, leading to internal tensions within the government.
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The agency will now be headed by Juan Pazo, a lawyer who had recently been announced as secretary of international economic relations at the Ministry of Foreign Affairs.
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In an announcement on X, Milei’s office stated that his administration won’t target digital businesses in the country:
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The tax plan would require digital content creators to report income generated from social media platforms, such as YouTube, Instagram and Twitch, including earnings from brand deals and advertising.
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According to local media reports, Florencia Mizrahi, who had served as the head of Argentina’s federal revenue agency, known as ARCA, was removed from her position following growing criticism over a new tax regime targeting streamers and influencers in the Latin American country.
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Argentine President Javier Milei has fired the head of the country’s tax authority amid backlash over a controversial tax targeting streamers and influencers.
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