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American Senators Elizabeth Warren, Roger Marshall, Joe Manchin, and Lindsey Graham have once again introduced a proposal to tackle money laundering through cryptocurrencies.
The Institute of Banking Policy wasted no time and promptly voiced its support for this bipartisan legislation, which seeks to tighten regulations on digital assets to ensure they fully comply with existing financial system rules 
US presidential candidate Robert F. Kennedy Jr. disclosed that he invested in Bitcoin earlier this year, buying two BTC for each of his seven children. This move came after facing criticism for promoting the cryptocurrency without having any personal stake in it.
Kennedy clarified that he made the investment right after attending a Bitcoin conference where he announced his decision to accept campaign donations in Bitcoin.
“Right after that Bitcoin conference, I got a big check, and I said, okay, you know, I’m going to put my money where my mouth is.”
During the conference, he denied having any personal investment in the cryptocurrency. However, he later decided to invest in Bitcoin to demonstrate his commitment to the technology and its potential. 
Valkyrie's spot Bitcoin ETF application has officially entered the review stage at the U.S. Securities and Exchange Commission (SEC). It comes right after BlackRock's recent submission.
Here's an interesting detail: this ETF has been given the ticker symbol BRRR, a sound crypto enthusiasts often equate with the whir of a money printing machine!
The SEC has a window of up to 45 days (which can be extended to 90 days in special cases) to review Valkyrie's application. 
The Future of Money is Tokenization, Says BIS Report
Switzerland-based monetary authority, the Bank of International Settlements (BIS), has made public its plan to build a global "unified ledger" to facilitate Central Bank Digital Currencies (CBDCs) and tokenized assets. Even though it acknowledges the potential of tokenization, BIS has expressed its misgivings about decentralized cryptocurrencies. 
Estonia Tightens Regulations: Why Crypto Firms Are Shutting Down?
In the past year, a considerable number of cryptocurrency companies in Estonia have been compelled to close their doors, either voluntarily or due to regulatory pressure. The catalyst for these closures was the introduction of amendments to the law on combating money laundering and preventing the financing of terrorism in 2022. 
S&P Solutions Accused of Money Laundering Through Crypto ATMs
The Cuyahoga County Prosecutor's Office, in cooperation with the U.S. Secret Service (USSS), filed charges against S&P Solutions and three of its employees for operating crypto ATMs without a proper license, conspiring to launder money, and engaging in corrupt activities. 
The body of Spanish crypto influencer Fernando Perez Algaba was tragically discovered in Argentina. He had been declared missing since last Tuesday.
On July 23, children in Ingeniero Budge found a suitcase containing his amputated limbs. The police subsequently found his torso on the next day, and his head was located in a backpack on July 25.
The motive for murder was related to his debts. A note left by Algaba’s explained that he had lost a significant amount of money invested in cryptocurrencies. 
In a pivotal ruling on July 25, Judge Philip Jeyaretnam of the Singapore High Court declared cryptocurrency as personal property, placing it on par with fiat money. Judge Jeyaretnam's elucidation is notable for the legal status of digital assets.
It was stemmed from a case where ByBit accused its former employee, Ho Kai Xin, of illicitly transferring approximately 4.2 million USDT from the company's coffers to personal accounts. The court mandated Ho to return the funds to cryptocurrency exchange. 
The U.S. Senate is considering a new bill aimed at imposing strict anti-money laundering (AML) rules on decentralized finance (DeFi) protocols.
The Crypto-Asset National Security Enhancement Act of 2023 targets entities controlling DeFi protocols or providing their applications. It requires customer vetting, AML programs, and reports of suspicious activities.
In absence of a controlling entity, anyone investing over $25 million in a protocol's development would be responsible. OECD Countries to Implement the Crypto Asset Reporting Framework
The Organisation for Economic Co-operation and Development (OECD) has introduced to its member nations CARF - an all-encompassing tax regime designed specifically for the crypto sector. It seems that cryptocurrencies are no longer serving as a "silent harbor" for anarchists who prefer not to share their hard-earned money with the government. 
Turn Your PC into Money Spinner with Golem Network
Explore Golem Network, the open-source, peer-to-peer marketplace for transforming idle computing power into GLM coin profits. It's a hotspot of innovation with a massive user base, a project valuation of $280M, and 1 billion GLM coins. Check out how Golem is redefining the computational landscape! EBA to Back Crypto Banks Under Certain Conditions
The European Banking Authority (EBA) has begun public consultations for amendments to the "Guidelines on money laundering and terrorist financing risk factors" while revealing future plans to work in concert with crypto-asset service providers (CASPs). Crypto Should Be Regulated as Gambling: Key Arguments
The Treasury Committee of the United Kingdom is advocating for the regulation of cryptocurrency trading akin to gambling. A new report from the bipartisan committee of deputies emphasizes that cryptocurrencies don't serve any useful social functions. They require a significant amount of energy to produce and their usage is closely linked to fraud and money laundering. Money in Harmony: Are Stablecoins the Solution or the Problem?
The Bank for International Settlements (BIS) has delved into an analysis to determine if stablecoins and tokenized deposits can sustain the concept of monetary unity, which is vital to maintaining the stability of the exchange rate between private and central bank currencies. Passive Earnings from DeFi Liquidity Mining
If you've invested your money in digital assets and don't want to just leave them sitting in a wallet, you're in luck! The CeFi and DeFi markets have plenty of tools available to help you earn passive income, including staking and yield farming. Another option to consider is liquidity mining.