In the rapidly evolving world of blockchain technology, effective governance is paramount to ensuring sustainability and community trust. Recently, Charles Hoskinson, the founder of Cardano, catalyzed a significant discussion by recommending that the Cardano Foundation move to a more equitable jurisdiction where its community could directly elect board members. This call to action, made through
Regulation
The cryptocurrency domain, long characterized by its volatile nature and regulatory ambiguities, has received significant attention from European authorities recently. The European Securities and Markets Authority (ESMA) has finalised its guidance on the Markets in Crypto-Assets (MiCA) regulations, marking a significant milestone for the region’s evolving financial ecosystem. This culmination of an 18-month period of
In a decisive move to ensure the integrity of promotions surrounding cryptocurrency in Nigeria, the Securities and Exchange Commission (SEC) has introduced stringent regulations for influencers. These new guidelines are particularly significant given the rising popularity of cryptocurrency within the nation and the potential risks associated with unregulated promotions. The initiative seeks to deter misleading
In the rapidly evolving landscape of cryptocurrency, regulatory clarity is paramount. The Financial Conduct Authority (FCA) in the UK has recognized this urgency and has taken a significant step by initiating a public consultation aimed at refining crypto regulations. Announced on December 16, this consultation highlights the FCA’s proactive approach to regulating a sector that
In a landscape characterized by rapid technological advancements in finance, Congressman French Hill has ascended to the role of chair of the House Financial Services Committee, bringing with him a fresh perspective aimed at revitalizing both the cryptocurrency sector and the broader public markets of the United States. During a December 13 interview with CNBC,
In a recent development, the Italian government found itself at the crossroads of taxation and innovation with its proposed tax increase on cryptocurrency capital gains. Originally, the government aimed to escalate the tax rate from 26% to an overwhelming 42% as part of the 2025 budget plan. This initiative raised alarms among stakeholders in the
In December 2023, the Australian Securities and Investments Commission (ASIC) levied a substantial penalty of AUD 8 million (approximately USD 5 million) against Bit Trade, the operator of the Kraken exchange. This significant financial reprimand stemmed from Bit Trade’s unlawful issuance of a credit facility that contravened Australia’s financial regulations. The ruling from a federal
Ripple, a prominent player in the cryptocurrency sector, has recently achieved a significant milestone by receiving approval from the New York State Department of Financial Services (NYDFS) for the deployment of its Ripple USD (RLUSD) stablecoin. This announcement, made by CEO Brad Garlinghouse on December 11, 2023, highlights not only Ripple’s commitment to regulatory compliance
In a groundbreaking move for the cryptocurrency landscape, Tether’s USDT stablecoin has received the nod as an Accepted Virtual Asset (AVA) by the Abu Dhabi Global Market (ADGM), as announced on December 10. This important decision, made by the Financial Services Regulatory Authority (FSRA), allows licensed businesses within this financial jurisdiction to provide services using
The world of Bitcoin is witnessing substantial transformations as influential figures project a potential resurgence of Bitcoin mining in China and its integration into national reserve assets. Anthony Scaramucci, a prominent financier, made headlines at the Bitcoin MENA 2024 conference with his assertions, which shed light on how shifts in policies and geopolitical stances could
