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The Governor of the Central Bank of Russia suggests banning cryptocurrency participation in domestic settlements and strengthening penalties

ChainCatcher news, according to Cryptonews, Russian Central Bank Governor Elvira Nabiullina emphasized again on April 3 during a speech at the State Duma that the use of cryptocurrencies in the domestic economy should be restricted and advocated for stricter penalties for violations of the ban. Nabiullina, a key ally of President Putin, currently leads the Central Bank of Russia's sovereign digital currency (digital ruble) project. She pointed out that while the central bank supports exploring the cross-border application of crypto assets within a specific "regulatory sandbox" framework, it firmly opposes their infiltration into the domestic monetary system and settlement activities.Since 2020, Russia has banned payments in cryptocurrencies, but current enforcement is relatively lax, and there is a lack of a clear legal framework for related transactions. Nabiullina called for increased legal accountability for the use of cryptocurrencies for payments within Russia, stating: "Our position has not changed. We cannot allow cryptocurrencies to penetrate domestic monetary circulation and domestic settlements. We suggest seeking investment opportunities in cryptocurrencies while increasing the responsibility for using cryptocurrencies in domestic settlements." Nabiullina also supports allowing "high-net-worth qualified investors" to invest in crypto assets within the "sandbox" and proposed discussing the extension of some derivative investment permissions to ordinary qualified investors. She emphasized the need to protect retail investors from the risks posed by the highly volatile crypto market.Furthermore, after Nabiullina's speech, Anatoly Aksakov, chairman of the State Duma's Financial Market Committee, pointed out that there are still differences in Moscow regarding cryptocurrency regulation. There are clear divisions within the Duma on crypto regulation, with some members supporting restrictions while others show strong interest.

AI detection suggests that the meme coin video released by the President of the Central African Republic may be a deepfake, raising multiple doubts about the project's authenticity

ChainCatcher news, Central African Republic President Touadéra announced the issuance of the official meme coin CAR on the X platform this morning, calling it an "experiment" to promote national development. However, the announcement video has been flagged as suspicious by two AI deepfake detection tools. According to GMGN market data, CAR's market capitalization has now surpassed $700 million.The authenticity of the project is being questioned by multiple parties. Two detection models from the AI deepfake detection platform Deepware indicate that the president's video statement is highly suspicious, with one model suggesting an 82% likelihood that the video is a deepfake.Yokai Ryujin, founder of Unrevealed XYZ, pointed out that the project domain name was registered only three days ago through Namecheap, and the registration method does not comply with government operational norms. The domain service provider Namecheap has suspended related services, but the project website is still operational.Additionally, industry insiders question the timing of the announcement at local midnight and the use of English instead of the official language, French, for the announcement. Currently, the project's official X account @Carmeme_news has been banned by the platform.

Hong Kong Legislative Council member Wu Jietzhuang: Suggests the SAR government refer to the securities industry to establish a DAO licensing system

ChainCatcher news, in August this year, the Hong Kong High Court heard the world's first lawsuit involving "Decentralized Autonomous Organizations (DAO)", ruling that six defendants must disclose detailed financial statements and supporting documents for their blockchain and Real World Asset (RWA) projects in response to allegations of asset misappropriation, involving over 6 billion HKD. Wu Jiezhuang, Chairman of the Hong Kong Legislative Council, Web3 and Virtual Asset Development Forum Committee, believes that the current development framework for Web3 in Hong Kong is still not完善, and suggests that the SAR government introduce regulations for DAO.He stated that the entire digital asset ecosystem can be divided into two important segments: one is exchanges, and the other is public chains, which usually exist in the form of DAOs but are like "orphaned souls" without a place to land worldwide. If Hong Kong wants to develop a digital asset ecosystem, it needs to regulate DAOs as soon as possible and establish a framework for DAOs so that these public chains can land in Hong Kong.Wu Jiezhuang further pointed out that the United States and Abu Dhabi already have relevant legal frameworks regulating DAOs, and Hong Kong should establish one as soon as possible. Since DAOs do not have legal entities, he suggested that the SAR government could refer to the current licensing practices in the securities industry to establish a DAO licensing system, requiring licensed DAOs to clarify internal individual relationships and to establish Responsible Officers (RO) to ensure that licensed companies comply with regulatory requirements and maintain daily operations.
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