Bahrain is the first country in MENA region to grant an in-principle approval to a Binance entity.
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Blockchain And Crypto Policy And Regulation
The growing popularity of digital assets, commonly referred as cryptocurrency, has forced regulators across the globe to rethink their approach towards it. They are now looking to strike the right balance between investor protection and fostering technological innovation. However, the vast application and fundamental difference between crypto assets and traditional financial system makes it difficult for policymaker to bring in new laws. This is going to be daunting task for them.
Stay tuned for all the policy related developments.
Executives of the six leading crypto firms testified before congress today as the house weighs…
The federal regulator published a letter Tuesday confirming that national banks and federal savings associations must demonstrate that they have adequate controls in place before they can engage in certain cryptocurrency, distributed ledger, and stablecoin activities.
The SEC alleged that American CryptoFed DAO filed a “materially deficient and misleading registration form.”
“It is possible to replace the American dollar with other currencies, both national and regional, and in the future, probably, with some kind of digital assets,” states Alexander Pankin, Deputy Minister of Foreign Affairs of the Russian Federation.
“This is an exciting moment for Europe as regulatory approval comes ahead of those waiting for a decision from the U.S. Securities and Exchange Commission,” states CEO Jamie Khurshid.
“Cryptocurrency has the right to exist and can be used as a means of payment,” states Russian President Vladimir Putin.
The island nation aims to go digital with the introduction of blockchain technology and cryptocurrency mining. Sri Lanka is of the view that these new space can help it attract investments and investors.
Companies like MicroStrategy will be part of the portfolio which are big advocates of Bitcoin and decentralized economy.
“With this asset you will be able to buy a house, a car, go to McDonald’s to buy a hamburger – it will be a currency in the country as it happened in other countries,” states Brazil’s Federal Deputy Aureo Ribeiro.