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FAMEEX Morning Crypto News Recap | March 6, 2023

2023-03-06 17:46:55

Democrat lawmakers want to reintroduce a bill to tackle the growing hazards of Crypto mining
On Friday, United States Senator Edward Markey and Representative Jared Huffman announced that they would reintroduce the Crypto-Asset Environmental Transparency Act before the lawmakers.

Pakistan Banks to Use Blockchain Technology for KYC
Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and self-regulated network.

France to tighten digital asset laws as MiCA looms
French lawmakers have voted for new proposed laws that establish a stricter regulation regime for digital assets. The new laws require virtual asset service providers (VASPs) to maintain robust cybersecurity, anti-money laundering, and asset segregation programs, but is a let-off from the initial proposed regulatory regime.

Internal documents reveal Australia’s potential timeline for crypto legislation: Report
Internal documents from the Australian Treasury Department have revealed crypto legislation in the country could be a year away at the very least.

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