Sa. Apr 13th, 2024

• The Blockchain Association submitted an amicus brief to support the CoinCenter case defending the coin mixer, Tornado Cash.
• The brief argued that sanctioning a tool like Tornado Cash would go against the values of the United States.
• Moreover, it is not legally possible for OFAC to sanction software such as Tornado Cash since it cannot be owned by any entity.

Russia’s Rosbank Offers Cross-Border Crypto Payments

Despite a nationwide ban on cryptocurrency activities in Russia, Rosbank has begun offering cross-border crypto payments with its new service. Kakarot zkEVM also secured backing from StarkWare and Vitalik Buterin in a pre-seed round.

China Publishes National Blockchain Standard

The Chinese government published a national blockchain standard earlier this week, setting out common technical requirements and standards for data formats and interfaces of distributed ledger technology applications.

Japanese Regulators Warn OpenAI Against Collecting Sensitive Data

Japanese regulators have issued a warning to OpenAI, urging them to refrain from collecting sensitive personal information without user consent. They also reminded them of their responsibility under Japan’s Personal Information Protection Law.

Coinbase Derivatives Exchange Unveils Bitcoin & Ethereum Futures

Coinbase Derivatives Exchange recently unveiled Bitcoin and Ethereum futures contracts on its platform, allowing investors to speculate on the prices of both cryptocurrencies without actually owning them.

Blockchain Association Files Amicus Brief To Support Tornado Cash Defense

The Blockchain Association filed an amicus brief to support CoinCenter’s case defending coin mixer Tornado Cash from sanctions by the U.S Treasury and Office of Foreign Assets Control (OFAC). The brief argued that punishing the tool itself simply because it can be used by anyone would run contrary to American values and that OFAC could only sanction persons or property – not software such as Tornado Cash which cannot be owned by any entity.

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