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Italian gov't to ramp up surveillance of crypto market

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The latest draft policy stipulated fines between 5,000 – 5 million euros ($5,400-$5.4 million) for market manipulation and other financial crimes.

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Coin Market

A truly decentralized system would decentralize authority — Cardano exec

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Cardano Foundation chief technology officer Giorgio Zinetti told Cointelegraph that centralized authority is good for speed, but decentralized governance offers long-term sustainability. 

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South Korea to ramp up oversight of cross-border crypto transactions: Report

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South Korea’s finance minister, Choi Sang-Mok, says the country will introduce reporting mandates on cross-border crypto transactions to combat foreign exchange crime.

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Homeowner fails to sue insurer over $170K crypto theft in appeals court

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A United States appeals court said a federal court was right to toss Ali Sedaghatpour’s lawsuit claiming that his insurer, Lemonade Insurance, should cover him for a crypto scam loss.

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