📍Switzerland, one of the most crypto-friendly countries currently, is reforming its laws to minimize the legal barriers that prevent better implementation of new technologies. National Council of the Federal Assembly of Switzerland approved a series of reforms to the current legislation of the country so that companies cryptocurrencies, and technology blockchain can enjoy a more favourable and prosperous environment in the Swiss nation. Bitcoin and several other cryptoassets will remain tax-free (VAT) so as not to hinder their development and growth, according to lawmakers. Undoubtedly a positive development for the ecosystem.
📍The company Mirror Trading International PTY LTD, located in South Africa, was closed by the Texas State Securities Board of the United States for being accused of deceiving users into making investments in cryptocurrencies, where supposed traders and automated bots would use said investments to operate in the market, promising a lucrative return of 10% per month to their victims. A scam to become millionaires quickly.
📍At the request of a court order, the Consortium Centre issued a statement where it reported that an address of Ethereum was frozen with $100.000 USD. There are no further details yet on this request, the blacklist to which the Ethereum address was included or the owner, but Centre reports that "It is about compliance with binding court orders that have jurisdiction over the company". Now the blocked address will not be able to receive or send USDC, as the funds within the address were blocked.
📍The blockchain intelligence firm, Chainalysis, raised a total of 49 million dollars to continue its monitoring and control program on transactions made with cryptocurrencies. One of the largest contributions to this fund was received from Ribbit Capital y Sound Ventures, who gave Chainalysis $13 million to support the firm's growth and surveillance program.
📍The SEC issued a release where it approves Arca Labs' Ethereum-based investment fund to issue US Treasury securities, bills and notes and other assets through its token ERC-1404. This body considers that, as they are digital titles transferable on the Ethereum blockchain, Arca Labs' stock certificates are digital securities. Likewise, the CEO of Arca Labs expressed that this initiative is a transformative step towards the unification of traditional finance and digital asset investment.
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