Web3 Diaries-EU Digital Euro Bill Back On Track
The European Commission is back on track to publish legislation on a digital euro on June 28, after the controversial topic was previously removed from the executive’s agenda, the bloc’s lead financial services official said on Tuesday.
Commissioner Mairead McGuinness confirmed she would be pressing ahead with a bill to underpin the central bank digital currency, set to cover topics such as privacy, distribution and offline transactions.
“We’re looking forward to presenting both proposals next week,” McGuinness told an event in Brussels of the digital euro plans and a parallel law on the legal status of cash.
Five US Enforcement Agencies Form New Digital Currency Anti-Crime Task Force
A diverse group of United States enforcement agencies has made official its cooperation on crimes related to the darknet and digital currency with the announcement of the Darknet Marketplace and Digital Currency Crimes Task Force on June 20.
The new organization will target “cryptocurrency-enabled crimes” such as drug trafficking, money laundering, theft of personal information and child exploitation.
Representatives of Homeland Security Investigations (HSI) Arizona, the Office for U.S. Attorneys, the Internal Revenue Service Criminal Investigation, the Drug Enforcement Administration and the Postal Inspection Service signed a memorandum of understanding on the new task force last week.
Polygon Proposes POS Chain To Become ZK Compatible
Polygon, a scaling solution to Ethereum, released a pre-proposal discussion post on Tuesday to make its main chain, the Polygon POS chain, compatible with zero knowledge (ZK) technology.
The upgrade would make the main chain into a zkEVM validium, meaning that the chain would still be compatible with the Ethereum Virtual Machine. A validium differs slightly from a ZK rollup, as they use an off-chain data availability model. Polygon also currently offers a ZK rollup, which went live back in March.
If approved by the Polygon community, the major upgrade would bring increased security and make the framework of the blockchain more “future-proof,” according to the blog post written by Polygon co-founder Mihailo Bjelic.
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