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Ohio Bill Urges Govt. To Adopt Blockchain

PYMNTS

Blockchain got a boost last week after the Ohio House Of Representatives introduced a bill that would let state government agencies use blockchain technology. If the bill passes, government agencies in Ohio could use blockchain for recording car titles or tracking hunting licenses online, noted the report.

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Decentralised Autonomous Organisations (DAOs): Governance and Innovation

Fintech Review

Decentralised Autonomous Organisations (DAOs) are transforming the governance structures within the blockchain and cryptocurrency spaces. Fintech Review looks into their function, their role in fostering innovation, and the significant challenges they face, particularly in terms of legal recognition, security, and scalability.

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Bybit Lands in Argentina With VASP and Card Operator Approval

The Fintech Times

In April 2024, the country reviewed the legal framework for virtual assets declaring that providers must register and comply with the duty to report to authorities. Looking to do so, and in turn, advance the development of cryptocurrencies in the country, Bybit , the crypto exchange, has expanded into Argentina.

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Understanding Crypto Money Laundering, and How to Get a Handle on It

Fintech News

The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. These services blend the cryptocurrencies of many users together, making it difficult to trace the origin of funds. Usage of mixers peaked in 2022, with over US$1.5

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Bitcoin Daily: South Korean Crypto Exchange Loses $49M In Mysterious Transaction; Gladius Crypto Firm Shutters After SEC Settlement

PYMNTS

In other news, South Korean crypto exchange Upbit revealed that it has lost cryptocurrency worth $49 million. The announcement comes after the Federal Council published a report late last year on the legal framework for blockchain and DLT in the financial sector. Alex Godwin, co-founder of Gladius, said in a statement.

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Cross-Border Grabs Spotlight Amid SWIFT, Blockchain Headlines

PYMNTS

In other separate, individual company news, and germane to the world of blockchain, the B2B payments firm known as PayStand said this week that it has integrated with accounting and bookkeeping software firm Xero , with a goal of optimized B2B payments. The latter firm processes cryptocurrencies such as bitcoin and bitcoin cash.

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The global impact of money laundering in 2024

Neopay

Cryptocurrency: Chainalysis reported that $23.8 billion in cryptocurrency was laundered in 2022, representing a 68% increase over 2021. The anonymity offered by cryptocurrencies makes them attractive for laundering illicit funds. For 2024, this translates to between $2.22 trillion and $5.54