Regulation 🚀

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Cryptocurrency Markets Surge as Trump's Return Signals New Era for Virtual Assets

November 12, 2024 Cryptocurrency Donald Trump Bitcoin

Record-Breaking Market Dynamics The cryptocurrency market has reached an unprecedented milestone, with total market capitalization hitting $2.97 trillion, surpassing previous records. Bitcoin, the flagship cryptocurrency, is trading at $89,675, its all-time high, demonstrating the market's robust momentum and institutional confidence. Trump's Crypto-Friendly Stance and

Virtual Assets Take Center Stage in the 2024 U.S. Presidential Election

June 24, 2024 US Politics Virtual Assets

As the 2024 U.S. presidential election approaches, virtual assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs) are becoming increasingly influential in both the financial sector and political spheres. This surge in relevance reflects broader trends of digital transformation and shifts in regulatory landscapes across various jurisdictions, with

South Korea Regulating Top NFT Collections as Virtual Assets

June 12, 2024 South Korea Virtual Assets NFTs

South Korea's Financial Services Commission (FSC) has issued new guidelines to regulate non-fungible tokens (NFTs) as virtual assets under certain conditions, providing much-needed clarity in the rapidly evolving crypto and digital asset space. The move comes ahead of the nation's first comprehensive crypto regulatory framework, the

Hong Kong Advances Virtual Assets Regulation with 11 Exchange Approvals

June 6, 2024 Hong Kong Virtual Assets Web3

Hong Kong has been making significant strides in establishing itself as a global hub for virtual assets and Web3 technologies. However, the city's regulatory landscape has been a topic of much discussion, particularly in light of recent developments surrounding the licensing of cryptocurrency exchanges. Over the past week,

Ether ETFs Edge Closer to Approval in the US

May 28, 2024 US Ether ETFs Ethereum ETF

Ether ETFs are inching closer to approval in the US, following the SEC's green light for proposals to list exchange-traded funds tied to the second-largest virtual asset by market capitalization. Spot Bitcoin ETFs were approved earlier this year and have seen massive inflows. The cryptocurrency industry is closely

FIT21 Act Clears US House With Bipartisan Support, Redefines Crypto Rules

May 23, 2024 US Regulation Cryptocurrency

The United States House of Representatives has passed the Financial Innovation and Technology for the 21st Century Act (FIT21), a comprehensive bill aimed at regulating the cryptocurrency and blockchain industry. The legislation, which received bipartisan support, sets clear legislative boundaries for virtual assets and establishes regulatory requirements for entities operating

Crypto Takes Center Stage in US Election

May 17, 2024 US Cryptocurrency Regulation

Over the past week, there have been several significant developments related to cryptocurrency regulation in the United States. Lawmakers, regulators, and industry participants have been actively engaged in discussions and actions that could shape the future of the virtual asset space. And for the first time, crypto regulation is becoming

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Dubai's VARA Marks Two Years as World's First Virtual Asset Regulator

May 16, 2024 Dubai VARA UAE

Dubai's Virtual Assets Regulatory Authority (VARA), established in March 2022 under Law No. 4, recently celebrated its two-year anniversary as the world's first dedicated virtual asset regulator. Over this period, VARA has played a crucial role in shaping Dubai's legal framework for virtual assets,

Binance Secures Full Virtual Asset Service Provider License in Dubai

April 18, 2024 Dubai VARA Binance

Binance, the world's largest crypto exchange by trading volume, has been granted a full virtual asset service provider (VASP) license by Dubai's Virtual Assets Regulatory Authority (VARA). This milestone marks a major step forward for both Binance and Dubai's growing virtual asset ecosystem, as

Dubai's VARA Looks to Simplify Compliance for Small-Scale Virtual Asset Operators

April 17, 2024 Dubai VARA Virtual Assets

Dubai's Virtual Asset Regulatory Authority (VARA) is taking steps to make it easier for smaller virtual asset companies to operate in the emirate. The regulator plans to reduce the financial burdens these firms face in an effort to create a more supportive environment for their operations. Speaking at

Singapore Enhances Framework for Virtual Assets and Expands Payment Services Oversight

April 3, 2024 Singapore Virtual Assets Stablecoin

The Monetary Authority of Singapore (MAS) has announced sweeping amendments to the Payment Services Act. The expanded scope of regulated payment services in Singapore aims to provide a clear and supportive framework for the rapidly evolving virtual asset ecosystem, while safeguarding the interests of consumers and businesses. Key Amendments to

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Virtual Asset Regulations Worldwide: A Comprehensive Overview

April 1, 2024 Virtual Assets Cryptocurrency Regulation

Explore the global landscape of virtual asset regulations, including stablecoin policies and licensing requirements across various jurisdictions.