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Central bank digital currencies (CBDCs) have sparked political debates, with critics arguing they could lead to surveillance and control of citizen transactions. Over 100 countries are developing CBDCs, and the ongoing debate could impact research and development, potentially limiting the sharing of results.

Coinbase terminates its Coinbase Borrow service, effective from May 10; existing loans remain unaffected, and no new loans will be issued. The move comes amid increased regulatory scrutiny on crypto firms in the US and the recent launch of Coinbase International Exchange. The company’s focus might be shifting towards more beneficial initiatives, while also facing regulatory uncertainty that could affect innovation in the crypto industry.

North Carolina’s House of Representatives unanimously passed a bill prohibiting state agencies from accepting central bank digital currency (CBDC) payments, expressing concerns about potential weaponization and political manipulation of a digital dollar. This decision highlights the polarizing debate surrounding CBDCs in the United States, as lawmakers weigh these risks against potential financial benefits.

Coinbase is in a legal battle with the SEC, seeking transparent rules and guidelines for trading digital assets. This dispute raises concerns about cryptocurrency regulation and highlights the tension between requiring regulatory clarity and fostering innovation in the digital asset space.

Nigeria recently approved the National Blockchain Policy, aiming to build a blockchain-driven economy enabling secure transactions, data sharing, and value exchange among individuals, businesses, and government. The policy is expected to improve trust and growth, fostering innovation and prosperity for all stakeholders involved.

A recent international operation involving US law enforcement and Ukraine’s Cyberpolice unit led to the seizure of nine cryptocurrency exchanges suspected of money laundering from ransomware attacks and fraudulent schemes. This development highlights the necessity for global cooperation in combating crypto-related crimes, while emphasizing the importance of maintaining a balance between regulations and freedom, ensuring ethical considerations and data privacy.

Coinbase discontinues issuing new loans through its Borrow service, allowing US customers to use cryptocurrencies as collateral for cash loans. Amid regulatory scrutiny and market performance concerns, the move raises questions about the platform’s future offerings and the overall crypto landscape.

The conviction of ex-OpenSea Product Manager, Nathaniel Chastain, for wire fraud and money laundering raises questions about insider trading in the NFT market and potential regulation. Chastain’s trial outcome could impact the classification of NFTs as securities, highlighting the need for a balanced approach in regulating digital assets to ensure market integrity and foster innovation.

Presidential candidate Robert Kennedy challenges anti-crypto sentiment within the Democratic party, attributing regulatory agencies’ “war on crypto” to several bank failures in March. He criticizes the FDIC and SEC for targeting crypto and leaving banks as collateral damage while expressing concerns about the suspected “Operation Chokepoint 2.0” government conspiracy.

The SEC recently removed the first formal definition of “digital asset” from its latest hedge fund rule, explaining that the term is still under consideration. This comes amidst the commission’s ongoing efforts in addressing crypto regulation and integrating digital assets into existing rules. However, the lack of an official definition leaves room for debate among industry stakeholders.

The French Senate’s Committee on Economic Affairs has approved an amendment allowing registered cryptocurrency firms to engage social media influencers for advertising and promotions, showcasing a more lenient approach compared to the National Assembly’s more restrictive stance. This regulation aims to capitalize on influencer marketing while ensuring promotional materials are presented fairly and accurately.

Robinhood is in a legal battle with the Massachusetts securities division, accused of targeting inexperienced investors and violating fiduciary duty standards. The ongoing clash between innovation and regulation calls for careful examination of platforms’ practices to ensure fair market access and user protection.