UTC-05:00,Sunday , May 24th 2020
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24H News Roundup May 22: Ukraine To Legalize Cryptocurrencies

18:29 Friday , May 22nd 2020
[Policy]
1. Ukraine is getting closer to providing a legal status for cryptocurrencies like Bitcoin (BTC) with a new draft bill;
2. The Louisiana State Senate is about to consider a bill to regulate and license virtual currency businesses;
3. Russian lawmakers have suggested punishments of up to 2 million rubles ($27,800) and seven years in prison for illegal turnover of digital assets and cryptocurrencies.
[Exchange & Wallet]
1. Binance is trying its hand at decentralized stablecoin governance through joining the distributed oversight team that approves contracts and code changes on Equilibrium, a DeFi outfit behind the EOSDT stablecoin.
[Others]
1. As the idea of central bank digital currencies starts to gain traction, the U.S. in particular needs to pay attention or risk losing a major aspect of its geopolitical power, according to JPMorgan Chase & Co;
2. The Official Monetary and Financial Institutions Forum (OMFIF) announced the launch of its Digital Monetary Institute earlier this month.