Deutsche Bank Builds Blockchain Solution on Ethereum
Deutsche Bank is actively working on Project Dama 2, an Ethereum-based Layer 2 (L2) blockchain network to enhance transaction efficiency and integrate regulatory safeguards.
Crypto regulation
UK Banking Regulator Requests Data on Crypto Exposure
British regulator wants local UK firms to provide information about their current and expected future crypto asset exposures as well as the application of the Basel framework for the prudential treatment of crypto assets.
First UAE Stablecoin Gets Final Approval Before Launch
AE Coin, the first regulated stablecoin in the UAE pegged to the local dirham currency, has received the final licence from the Central Bank of the UAE and is scheduled for the soon-to-come launch.
BitOasis Secures VASP License in Dubai
BitOasis can now offer a full range of crypto trading services in Dubai upon receiving a full virtual asset service provider (VASP) license.
Australian Fintech Faces Contraction, Blockchain Hit Hardest
Despite global interest in cryptocurrency, Australia has seen the closure of several blockchain and crypto startups, amid the overall decline of fintech innovation in the country.
SEC Sues Touzi Capital for Misleading Investors
According to the SEC, Touzi Capital stated investor funds would finance crypto mining operations, but they were used for unrelated expenses instead.
Gemini Launches Crypto Services in France
US-based crypto exchange Gemini launched its services in France about a year after obtaining a digital asset service provider (DASP) registration.
South Korea to Monitor Cross-Border Crypto Transactions
New crypto regulations in South Korea will require businesses engaged in cross-border virtual asset trade to register with authorities in advance and submit monthly transaction reports to the Bank of Korea.
Qatar Launches Digital Asset Regulations
A comprehensive regime for regulating and creating digital assets will enable safe and transparent custody arrangements, transfer and exchange of cryptocurrencies in the Qatar Financial Centre (QFC) in Doha.
Crypto.com Launches Global Retail Services Through Its Dubai Hub
The launch of Crypto.com global retail services is enabled by Standard Chartered’s tailored banking solutions and the forward-thinking regulatory framework of Dubai’s Virtual Assets Regulatory Authority (VARA).
SEC Targets NFT Market OpenSea
The United States Securities and Exchange Commission (SEC) has reportedly sent a Wells notice to the OpenSea marketplace, suggesting that non-fungible tokens (NFTs) are securities.
Stablecoin Market Cap Reaches All-Time High
After a consecutive 11-month growth, stablecoins reached a new all-time high of $168 billion in market cap.
Thailand to Test Crypto Services in Sandbox Environment
A dedicated regulatory sandbox will help crypto firms in Thailand to experiment with the development of new digital asset services.
Next Generation Revives Euro Stablecoin With Decta
French startup Next Generation partners with an Irish financial institution Decta to restore the euro-pegged stablecoin, EURT, project after a seven-year suspension.
Africa’s Participation in Global Blockchain VC Deals Hits New Record
Africa’s emerging influence in the global blockchain industry is reflected in the continent’s highest-ever share of blockchain venture capital (VC) rounds on record.
Insights from the Independent Reserve Cryptocurrency Index (IRCI) Singapore 2024
Singapore has emerged as a leading cryptocurrency hub in Southeast Asia, attracting both retail and institutional investors. It’s crucial for investors and enthusiasts to stay informed and educated about the constantly evolving crypto ecosystem. Understanding the nuances of buying Bitcoin in Singapore, such as reputable exchanges, secure storage options, and tax implications, is essential for […]
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