Argentine Opens Investigation Into Worldcoin, Canada is Seeking Solution to Facilitate Seizure and Storage of Crypto and NFTs, Canadians Don’t Have a Reason to Adopt a CBDC

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By BitcoinWiki News

Key Takeaways:

– The Argentine Agency for Access to Public Information (AAIP) is investigating the cryptocurrency protocol Worldcoin for its data collection practices.
– The Royal Canadian Mounted Police (RCMP) and Shared Services Canada (SSC) are seeking a solution for the seizure and storage of crypto and non-fungible tokens (NFTs) used in illegal activity.
– The Bank of Canada released a paper stating that Canadians have little incentive to adopt a central bank digital currency (CBDC) since they already have access to various payment methods.
– Bitget’s Protection Fund has consistently exceeded $300 million since November and reached over $368 million in July due to the recovery of Bitcoin (BTC) prices.
– Bakkt reported gross crypto services revenues of $335.3 million and total revenues of $347.6 million for Q2 2023, with a focus on expense management for the second half of the year.
– Coinrule launched its new Marketplace driven by Generative Models, offering users a wide range of pre-built trading strategies and customization options.


1. Argentine Agency Investigates Worldcoin for Data Collection Practices: The Argentine Agency for Access to Public Information (AAIP) is investigating the cryptocurrency protocol Worldcoin to determine the legality of its data collection practices. The investigation is focused on the company’s collection, storage, and use of personal data, particularly related to its procedure of scanning the faces and irises of individuals in exchange for compensation.

2. Canadian Authorities Seek Solution for Seizing and Storing Crypto and NFTs: The Royal Canadian Mounted Police (RCMP) and Shared Services Canada (SSC) are searching for a solution to enable the seizure and storage of cryptocurrencies and non-fungible tokens (NFTs). The RCMP aims to safely and securely store digital assets seized during legal proceedings, as the use of digital assets for illegal activity is increasing.

3. Bank of Canada Finds Canadians Have Little Incentive to Adopt CBDC: According to a paper from the Bank of Canada, most adult Canadians have access to a variety of payment methods and would not experience significant gaps in a cashless scenario. However, some individuals may face difficulties if cash is no longer generally accepted as a form of payment.

4. Bitget Protection Fund Surpasses $368 Million: Bitget, a crypto exchange, reported that its Protection Fund consistently exceeded $300 million since November and reached over $368 million in July. The surge in bitcoin prices in mid-July contributed to the fund’s recovery and increase in value.

5. Bakkt Reports Q2 2023 Financial Results: Bakkt, a digital asset platform, announced its financial results for Q2 2023. It reported gross crypto services revenue of $335.3 million and total revenues of $347.6 million, including gross crypto revenues and net loyalty revenues. It also disclosed operating expenses of $398.7 million and expected operating cash flow usage of $78 million-$84 million for the full year.

6. Coinrule Launches Marketplace with Generative Models: Automated trading platform Coinrule introduced its Marketplace, which provides users with access to pre-built trading strategies and customizable automation features. The Marketplace includes a library of tested strategies, integration with major crypto exchanges and stock platforms, and a community of traders.

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