Four major state banks in China have reduced rates on deposits in dollars amid the fall of the yuan due to high demand for dollars in the banking system, writes Bloomberg. Industrial & Commercial Bank of China Ltd., Bank of China Ltd., Agricultural Bank of China Ltd. and China Construction

Cryptocurrencies should be treated as securities by default and DAOs should be given legal status, according to a study commissioned by lawmakers. The report writes that all crypto-assets should be treated as securities and therefore subject to the strict EU governance and authorization rules that apply to traditional stocks and

The Bali government has warned foreign tourists about the ban on the use of cryptocurrency when paying at hotels, restaurants and other places. "Foreign tourists who violate these provisions will be severely punished. We will take various measures - deportation, administrative fines, criminal penalties. And also to close commercial

Tether CTO Paolo Ardoino think a scenario in which the U.S. would declare a technical default is unlikely. "I don't believe it will happen (a technical default). It carries terrible consequences for the U.S. economy," Ardonio declares.