Weekly Focus:
- Tesla buys $1.5 billion in Bitcoin
- BNY Mellon launches crypto custody unit
- OCC welcomes new crypto company
- Iowa introduces smart contracts bill
- Rhode Island introduces blockchain act
- BitMEX publishes data storage framework for FATF ‘Travel Rule’
- Bank of Korea says CBDCs are fiat currency
- Central Bank of Nigeria issues prohibition on crypto trading
U.S. Developments
Tesla buys $1.5 billion in Bitcoin
In a 10-K filing with the Securities and Exchange Commission (SEC) on Monday, Tesla announced that it had bought $1.5 billion worth of bitcoin. Tesla said the purchase of the bitcoin was approved by the Audit Committee of the Board of Directors, which approved Tesla investments in alternative reserve assets…