Dubai’s Financial center launches the World’s first digital assets law
Dubai International Financial Center (DIFC), a financial center based out of UAE, has launched the world’s first digital assets law to cater for the consequences of the new digital assets regime and revised security regime. As per the press release, the legislative enactments aim to ensure DIFC Laws keep pace with the rapid developments in […]
Russia dabbles in digital assets pre-BRICS currency launch
BRICS’ Russia has made the conscious decision to dabble into the digital finance scene. Forget about buying your next vodka online with Bitcoin. This is bigger. I’m talking about a grand scheme to shake up the global economy, with the country testing the waters of digital asset payment technology. And the big plan? To lay […]
Where there is smoke there is fire, Qatar investment in crypto with El Salvador
After Qatar was pushed into the crypto scene back in September claiming that the visit of HH Prince Sheikh Tamim bin Hamad Al-Thani of Qatar to El Salvador would include discussions on Bitcoin mining, once again Qatar is being shoved into the crypto scene with rumors that the Qatar Sovereign Fund will be purchasing $500 […]
Abu Dhabi ADGM to amend its virtual asset regulations and introduce DeFi regulations
The Abu Dhabi financial free zone hub, ADGM (Abu Dhabi Global Market) and its regulatory body the FSRA (Financial Services regulatory Authority) have published their business plan for 2024 which outlines introducing DeFi regulations as well as amendments to its virtual assets regulatory framework. ADGM which announced its virtual assets framework back in 2018 has […]
UAE issues DLT regulation allowing issuance of governance tokens
UAE’s Abu Dhabi Global Market after announcing its DLT token issuance consultation paper in April 2023 has now officially launched its new regulation that will allow DLT (Distributed Ledger Technology) Foundations, DAO (Decentralized Autonomous Organizations) to issue tokens. This means that DLT Foundations of Layer 1 or Layer 2 protocol Foundations can receive licenses from […]
UAE issues stablecoin and new digital asset regulations and legislation
In the last week of September, two huge regulatory entities, the Dubai virtual assets regulatory authority and DIFC (Dubai International Financial Center) in the UAE announced updates in their crypto regulations, targeting digital assets, security tokens and stablecoins. Dubai’s Virtual asset regulatory authority (VARA) updated its virtual asset rulebook and added new regulations with regards […]
Crypto consultation paper: Indian government ‘fairly ready’
The legislation process regarding crypto has continued for a while, and various governments have moved forward. They have the motive of making crypto investments easier and safer for investors. The Indian government has also been working on crypto consultation, taking all stakeholders’ views. The process continued for a while, and now the economic affairs secretary […]
Townsquare Media adds Bitcoin worth $5 million to its balance sheet
Even though the crypto market has undergone considerable losses over the Q1 of 2022, various companies have preferred to hold digital assets; an example is Townsquare Media. These companies are aware of the future of blockchain tech and how it will impact the modern world. The use of crypto in various fields and its prospects […]
