Crypto innovators of color restricted by the rules aimed to protect them
Historically, Black and Brown communities have had restricted access to opportunities for generational-wealth building. Crypto offers a chance to redress that balance… but an opaque mess of laws and regulations around crypto services and a prohibition on certain wealth-generation opportunities are standing in the way of that happening.Controversial language in the United States recently enacted infrastructure bill may have unintentionally contributed to that cycle. The document contains broad tax-reporting language directed at brokers. The ambiguity of the term means it could apply to....
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According to the Advertising Standards Council of India (ASCI), specific rules must be applied to advertising all virtual digital assets, including cryptocurrency and NFTs, on or after April 1, 2022. The primary purpose of these rules is to protect customers from misleading ads. Related Readings| Indian Authorities Bust Crypto Racket, More Than $5M Stolen From […]
Women of color from the cryptocurrency industry are concerned the STABLE Act would make wealth disparities in the U.S. much worse.
A forthcoming report from Nomura Research Institute (NRI) argues that despite new regulations aimed at bitcoin and digital currencies, more needs to be done to bring clarity to the innovators working with the technology in Japan. Penned by senior consultant Yasutake Okano, the report centers on the Payment Services Act (PSA), a bill passed by Japan’s legislature in May. Debated for months, the bill brought domestic bitcoin exchanges under existing anti-money laundering (AML) and know your customer (KYC) rules by classifying virtual currencies as a type of prepaid payment instrument. But....
The gender disbalance in the crypto space is still huge, though it is in our hands to make it more inclusive for everyone. If we want to democratize finance, we need to start with practical initiatives. As women in the industry, what can we do to expand our reach to end-users or entrepreneurs who would be the last to embrace this technology? How can we improve our search for talent to cover universities and geographies that we wouldn’t normally look to? Comparatively, there are relatively few women and people of color in the C-suite of blockchain companies or inside institutions leading....
A broad coalition of crypto builders, investors and advocates has asked two Senate committees for clear federal rules to protect software creators and non-custodial service providers working on blockchain networks. Related Reading: Are Halvings Just Hype? Analyst Claims Bitcoin’s Market Timing Is Different According to the letter, 115 groups signed the appeal to the Senate […]