In a recent white paper on crypto asset regulation, the World Economic Forum (WEF), in collaboration with its Digital Currency Governance Consortium, highlighted the urgent need for regulatory measures and emphasized the importance of global cooperation in addressing the challenges posed by cryptocurrencies.

https://www.cryptopolitan.com/wef-urges-cooperation-effective-regulation/

China's highest national agency responsible for legal prosecution has warned non-fungible token (NFT) digital collections share "the attributes of virtual assets," which are banned in the country. CoinDesk Executive Director of Global Content Emily Parker weighs in on the hype around NFTs in China and what the regulator's guidelines for the treatment of NFTs could mean for the broader crypto market.

https://www.youtube.com/watch?v=9WWjnByljww

Binance Australia has hit a roadblock with Australian dollar (AUD) deposits following the withdrawal of support from its third-party payment provider. Shortly after the announcement, Australian banking giant Westpac banned customers from making payments to Binance.

https://crypto.news/binance-australia-suspends-aud-deposits/

Westpac customers will no longer be able to make payments to the cryptocurrency exchange.

https://cryptopotato.com/binance-australia-banned-by-big-four-bank-westpac-report/

India's government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry.

https://www.coindesk.com/policy/2023/05/17/indian-authorities-asked-to-restore-crypto-exchanges-access-to-upi/

Ledger has had trouble convincing the crypto community of the benefits of its latest update.

https://dailycoin.com/there-no-backdoor-ledger-responds-uproar-over-wallet-recovery-service/

The legislation appeared to be another attempt at the Accountability for Cryptocurrency in El Salvador Act, originally introduced after the country's Bitcoin Law was enacted.

https://cointelegraph.com/news/us-lawmakers-target-perceived-risks-of-crypto-adoption-in-el-salvador-with-reintroduced-bill

The U.S. Internal Revenue Service has teamed up with Chainalysis to provide in-person training to Ukrainian law enforcement agencies. The training will help Ukrainians identify and track crypto sanction evaders in Russia.

https://en.ethereumworldnews.com/us-ukraine-russian-crypto-sanction-evader/

P2P Bitcoin exchange Paxful has announced that its marketplace is back online after shutting down last month.

https://en.ethereumworldnews.com/paxful-resumes-operations-month-offline/

Spanish law enforcement recently nabbed three individuals who befriended and eventually kidnapped a Syrian cryptocurrency dealer. Following their arrest, the kidnappers, who were demanding a ransom of over $1.1 million, were found in possession of weapons and fake identity documents.

https://news.bitcoin.com/syrian-crypto-dealer-freed-from-kidnappers-who-demanded-ransom-of-over-1-1-million/

Financial infrastructure firm Stripe has announced expanded access to its crypto on-ramp by introducing a new hosted option for Web3 companies, making it easier for US-based customers to purchase cryptocurrencies. The fintech firm has been actively expanding its initiatives in the crypto and Web3 space to provide better financial infrastructure for businesses and facilitate the adoption of cryptocurrencies and blockchain-enabled experiences.

https://cryptodaily.co.uk/2023/05/stripe-launches-fiat-to-crypto-on-ramp-for-web3

New York Attorney General Letitia James has proposed a new set of state crypto regulations that she says will increase transparency and enhance investor protections in the digital asset sector.

https://dailyhodl.com/2023/05/06/new-york-attorney-general-proposes-strongest-and-most-comprehensive-set-of-state-crypto-regulations/

BNB Chain's Victor Genin said that blockchain can improve transparency, accountability, traceability, energy efficiency, waste reduction and collaboration in the climate action space.

https://cointelegraph.com/news/how-blockchains-can-solve-greenwashing-and-contribute-to-climate-action

The Third Circuit has reacted to the SEC's complaint about the need for clear standards for trading digital crypto assets.

https://news.coincu.com/185301-sec-10-days-to-respond-coinbase/?SNAPI

Canada-based crypto-friendly TD Bank and First Horizon Bank on Thursday agreed to terminate their $13 billion merger agreement announced earlier in February 2022. TD Bank cites regulatory uncertainty as the reason to terminate the merger, and it has nothing to do with First Horizon Bank.

https://coingape.com/?p=147152