In the evolving landscape of blockchain technology, governance structures play a crucial role in ensuring accountability and fostering community engagement. Charles Hoskinson, founder of Cardano, has recently highlighted a significant gap in the governance model of the Cardano Foundation, specifically its inability to incorporate community input in board member selection. His call for a shift
Regulation
The advent of cryptocurrency has pushed European regulators, led by the European Securities and Markets Authority (ESMA), to develop a robust framework aimed at governing this rapidly evolving market. ESMA has released its final guidance that sets the stage for the comprehensive implementation of the Markets in Crypto-Assets (MiCA) regulations. This marks the culmination of
In a proactive move to foster transparency within Nigeria’s rapidly evolving cryptocurrency landscape, the Nigerian Securities and Exchange Commission (SEC) has unveiled stringent new regulations targeting social media influencers. These measures aim to ensure that the promotion of crypto-related products is conducted ethically and responsibly, thereby safeguarding the interests of potential investors. The SEC’s approach
In a significant stride for the cryptocurrency landscape in the United Kingdom, the Financial Conduct Authority (FCA) has announced a public consultation intended to refine its regulatory framework for digital currencies. As of December 16, the FCA’s proactive approach underscores its commitment to fostering an environment where innovation can flourish, simultaneously addressing inherent risks within
Congressman French Hill has stepped into the pivotal role of chair for the House Financial Services Committee, signaling a potential turning point in the realm of financial regulation—particularly concerning digital assets. In recent discussions, especially during a December 13 interview with CNBC, Hill articulated a clear vision aimed at dismantling the murky regulatory environment that
In December 2023, the Italian government faced a significant backlash regarding its proposed tax increase on capital gains from cryptocurrencies. Originally, the administration sought to elevate the tax rate from 26% to a staggering 42% as part of its budget plan for 2025. This ambition was primarily motivated by a desire to enhance public revenue,
In a recent development, the Australian Securities and Investments Commission (ASIC) has imposed a significant fine of AUD 8 million (approximately $5 million) on Bit Trade, the operator behind the Kraken exchange in Australia. This decision comes in the wake of a federal court ruling that deemed Bit Trade’s actions unlawful for issuing a credit
Ripple CEO Brad Garlinghouse confirmed that the company has received authorization from the New York State Department of Financial Services (NYDFS) to unveil its highly anticipated Ripple USD (RLUSD) stablecoin. This announcement, made on December 11 through a social media platform, signals a pivotal moment for Ripple, especially as it positions itself within the competitive
In a significant development for the cryptocurrency landscape, Tether’s USDT stablecoin has been recognized as an Accepted Virtual Asset (AVA) by the Abu Dhabi Global Market (ADGM). This decision, made public in a statement from December 10, indicates a transformative shift in the financial services offered in one of the Middle East’s most prominent economic
As the world evolves, the perception of Bitcoin as an asset is undergoing a significant transformation. Recent remarks by Anthony Scaramucci during the Bitcoin MENA 2024 conference spotlight the increasing possibilities for countries, particularly China, to recalibrate their financial strategies with Bitcoin at the center. Scaramucci’s perspective emphasizes that the United States’ emerging acceptance of