Cryptocurrency
Cryptocurrency
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Bank of Spain embraces digital Euro and outlines its benefits
The Bank of Spain underscores that traditional physical currency is ill-suited to exploit the advantages presented by the increasing digitization of the economy
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Bitcoin price surge spurs asset outflows from crypto exchanges
The overall crypto market capitalisation has surged by over 7.3 percent in the last 24 hours, reaching $1.25 trillion, its highest valuation since April
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EBA and ESMA release joint guidelines for crypto entity suitability
The guidelines seek to evaluate the suitability of shareholders or members, whether direct or indirect, who hold qualifying stakes in ART or CASP issuers
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Circle's new platform seeks to bridge gap between Web2 and Web3
Circle's 'Smart Contract Platform' offers pre-vetted code templates and a 'Gas Station' tool, streamlining the transition to Web3 for Web2 developers
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Hong Kong adapts crypto policies to prioritise investor protection
The SFC and HKMA will designate virtual asset-related products as "complex products" and enforce conditions for intermediaries engaged in their sale
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UAE's first Web3-focused free zone 'RAK DAO' launched in Ras Al Khaimah
Entrepreneurs in the free zone will have complete business ownership and freedom over tax rules and other regulations but must adhere to UAE's criminal laws
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HPCL and Zupple Labs collab to develop blockchain-based purchase order verification system
HPCL has already issued 3,000 purchase orders using their blockchain system and plans to roll out the system to more vendors this month
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UK leads in crypto activity across Central, Northern, and Western Europe (CNWE)
CNWE nations UK, Spain, France, Germany, Italy, and the Netherlands ranked among the top 50 nations for global grassroots crypto adoption
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Mudrex launches payments infra for Indian Web3 businesses
Their clients include FireDrops by Flipkart, IndiGG, Polygon, ANQ Finance, Colexion, Acme and Rage Fan
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EU adopts new tax data sharing rules to enhance crypto regulation
The new tax rules draw upon MiCA definitions to cover crypto-assets including, decentralised cryptos, stablecoins, e-money tokens, and specific NFTs
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South Korea's FSS preparing supplementary regulations for Virtual Asset Users Protection Act
The FSS intends to finalise the new virtual asset regulations before the implementation of the Virtual Asset Users Protection law