#office

The UK's data watchdog is setting its sights on Worldcoin, Sam Altman's initiative offering free crypto for iris scans. With digital ID on one side and cryptocurrency on the other, it's caught the Information Commissioner's Office's attention. "We note the launch of WorldCoin in the UK and will be making further enquiries," a spokesperson for the ICO says.

The United States Government Accountability Office (GAO) has published a report suggesting that a more robust regulatory framework is required for the use of blockchain in finance. The report highlighted the lack of regulation around crypto asset trading platforms and stablecoins and identified non-security crypto asset spot markets as the main regulatory gap. According to the GAO, Congress could address these issues by designating a federal regulator to oversee these markets. Moreover, the report suggests a need for more regulatory coordination and proposes the establishment of a formal mechanism to identify risks and respond to them within an agreed timeframe.

Almost immediately after Bankman-Fried was released on a $250 million bail, wallet activity started. Additionally, there are persistent online rumors that he is currently not in his parents' home wearing an electronic bracelet on his leg but rather somewhere in the Alameda office. The public came to the conclusion that Curly-haired Sam was preparing a daring escape and gathering the cryptocurrency to bribe the regulators. Furthermore, similar emptying of the company's wallets was observed when Terra CEO Do Kwon vanished (by the way, where is Do Kwon now?) And here's a rhetorical question: why did the regulators seize FTX accounts but not Alameda’s? Everyone can see that these two businesses are related because the same person managed (or, to be more precise, damaged) both of them.