Latest Virtual Asset News Page 6

As World Awaits Decision on Ethereum ETFs, ETH Faces Regulatory Scrutiny

March 21, 2024 Ethereum Ethereum ETF ETF

SEC probes Ethereum Foundation and crypto companies to determine if Ethereum should be classified as a security. Spot Ether ETF approvals in doubt as SEC delays decision until May 26 deadline. Classification as a security would subject Ethereum to stricter regulatory oversight

Abu Dhabi's Tungsten Launches Custody Services for Virtual Assets

March 20, 2024 Abu Dhabi ADGM Virtual Assets

Tungsten, an Abu Dhabi-headquartered company founded in 2023, has recently launched after securing a license from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi. The company, which counts Abu Dhabi-based Further Ventures among its investors, aims to transform custody solutions for the virtual assets sector, positioning Abu Dhabi as

90 Jurisdictions Open Their Doors to Virtual Assets

March 14, 2024 Virtual Assets VASP Regulation

The virtual asset landscape is evolving, with 151 jurisdictions worldwide making significant decisions about the future of cryptocurrencies and Virtual Asset Service Providers (VASPs). Survey Overview: Virtual Assets The global stance on virtual assets and VASPs is largely secure, with 90 jurisdictions opting to permit and regulate the use of

Dubai International Financial Centre Announces New Digital Assets Law

March 14, 2024 Dubai DIFC Virtual Assets

The Dubai International Financial Centre (DIFC) has enacted new legislation to provide a comprehensive legal framework for digital assets. The DIFC Digital Assets Law, which was announced March 13, 2024, is the first law globally to define the legal status of digital assets and regulate their use. Key points of

Hong Kong Launches Stablecoin Sandbox

March 13, 2024 Hong Kong Stablecoin Virtual Assets

The Hong Kong Monetary Authority (HKMA) has launched a regulatory sandbox for stablecoin issuers. The sandbox launch ties in with the recently concluded public consultation on implementing a regulatory regime for stablecoin issuers in Hong Kong.

Bitcoin At Record Highs, Ethereum Eyes $4,000 as Crypto Market Surges in 2024

March 12, 2024 Bitcoin Ethereum Cryptocurrency

The current price of Bitcoin is around $72,000 USD, near its all-time high. Bitcoin has seen a surge in price recently, rising over 70% year-to-date in 2024. The approval of spot Bitcoin ETFs in the U.S. in January 2024 has led to billions of dollars flowing into these ETFs.

Hong Kong Set to Host Consensus 2025

March 11, 2024 Hong Kong Consensus Conferences

Hong Kong is positioning itself as a leading destination for virtual asset enterprises, with the announcement that Consensus 2025, a premier event in the virtual assets world, will be hosted in the city. This move is part of Hong Kong's broader strategy to attract international virtual asset businesses

VARA's CEO on Virtual Assets in Dubai: Investment Brakes Come Off

March 8, 2024 VARA Dubai Virtual Assets

* On VARA's Strategic Role: Matt White explains the importance of having "the right brokers, right custodians, and enabling them to have the right suite of products to service a virtual assets market," highlighting the necessity of a well-equipped market infrastructure. * Regarding Expansion into New Market Segments:

Abu Dhabi's ADGM Sees Unprecedented Growth in 2023

March 6, 2024 Abu Dhabi ADGM Virtual Assets

In 2023, the Abu Dhabi Global Market (ADGM) not only confirmed its position as the meteoric hub of finance in the UAE's capital but also set a new benchmark for growth and innovation in the international financial scene. Marking its eighth year of operation, ADGM emerged as a

Cayman Islands Using GitHub for Virtual Asset Legislation

March 6, 2024 Cayman Islands Virtual Assets VASP

The Cayman Islands, a global hub known for financial services, is charting a novel course in legislative process and public engagement. In a move emblematic of its innovative spirit, the Ministry of Financial Services is leveraging GitHub, a platform at the heart of software development, to facilitate public consultation on

UAE Virtual Assets Market

March 4, 2024 UAE Abu Dhabi Dubai

There are five primary licensing authorities in the United Arab Emirates (UAE) that regulate virtual assets and virtual asset services. These are the Dubai Virtual Assets Regulatory Authority (VARA), the Dubai Financial Services Authority (DFSA), the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), the Dubai

Hong Kong Closes Initial Application Window for Virtual Asset Trading Platform Licenses

March 1, 2024 Hong Kong Virtual Asset Service Provider VASP

Hong Kong has recently closed its initial application window for Virtual Asset Trading Platform (VATP) licenses. This milestone event has attracted significant attention from both local and international crypto exchanges, underscoring Hong Kong's appeal as a center for virtual asset innovation and regulation. As the application deadline approached,