OTC’s Weekly Retrospect 22/08–26/08/2022

Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­

Major news stories this week;

1. Australia Unveils Plans for Crypto Regulations Unlike ‘Anywhere Else in the World’
2. Samsung Crypto Exchange: Samsung Securities to launch its own crypto exchange
3. Mastercard begins working with Binance
4. Tether says it’s not freezing Tornado Cash addresses until government tells it to
5. Ethereum Foundation Confirms Date for Long-Awaited Merge Upgrade

Story Summaries;

1. Crypto regulations will be informed by a phase of comprehensive “token mapping” research, according to Australia’s Treasurer.
2. Samsung is exploring crypto alternatives and may soon venture into its own Samsung crypto exchange.
3. Yesterday Mastercard CEO Michael Miebach revealed on his personal Linkedin profile that the company is working with Binance to enable purchases in more than 90 million stores.
4. Tether is upholding its decision not to freeze sanctioned wallet addresses with ties to Tornado Cash because it has not received any requests from US law enforcement or regulators to do so, the company said in a statement today.
5. The network’s developers have given dates for when the move to proof of stake will take place.

And that’s all for this weeks news! Wishing you a great weekend and as always, Happy Friday!