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Digital Assets News
What is a Digital Asset?
A Digital asset is a non-tangible asset that is created, traded, and stored in a digital format. In the context of blockchain, digital assets include cryptocurrency and crypto tokens.
Cryptocurrency and tokens are unique subclasses of digital assets that utilize cryptography, an advanced encryption technique that assures the authenticity of crypto assets by eradicating the possibility of counterfeiting or double-spending.
The key differentiation between the two classes of digital asset is that cryptocurrencies are the native asset of a blockchain — like BTC or ETH — whereas tokens are created as part of a platform that is built on an existing blockchain, like the many ERC-20 tokens that make up the Ethereum ecosystem.
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CBUAE and RBI will jointly conduct proof-of-concept (PoC) and pilot(s) of bilateral CBDC bridge to facilitate cross-border CBDC transactions of remittances and trade.
The new card provides a simple method for crypto assets to be converted into fiat currency for online and in-store purchases.
The new regulation applies to services such as trading in VDA-fiat, VDA-VDA or storing and managing VDA.
The survey suggests there is an opportunity for banks and traditional financial institutions to deliver a better experience to their customers by leveraging crypto to diversify their product offerings.
Divly’s service aims to make it easy for investors to comply with regulations, as well as to backtrack and account for their transactions if necessary.
The partnership will help investors navigate the complexities of crypto-industry taxation.
Regulation should be mindful not to stifle innovation, and the public sector could leverage some of the underlying technologies of crypto assets for their public policy objectives.
By staying informed about these factors, investors can make informed decisions, maximizing the potential of their crypto investments.
The popularity of cryptocurrency is growing in Italy, and the country has seen a series of positive regulatory developments in the space. Recently, global crypto exchange…