Regulation

U.S. Vice President Kamala Harris has pledged to support digital asset policies that protect crypto investors, especially black men participating in the sector. The promise was part of a wide-ranging agenda targeting men of color whom the Democratic flagbearer’s team believes could be pivotal in the November presidential elections. Securing Black Male Voters via Crypto In an October 14 release, the Harris campaign promised their candidate would create a conducive crypto...

BlackRock CEO Larry Fink said Bitcoin (BTC) is an asset class, comparing its investment potential to that of gold. In a recent earnings call, Fink emphasized that the world’s largest asset manager now views Bitcoin as an alternative to traditional commodities. Bitcoin Is an Asset Class “We believe Bitcoin is an asset class in itself. It is an alternative to other commodities like gold,” the 71-year-old said during the call, highlighting that BlackRock is discussing potential...

South Korea’s Ministry of Strategy and Finance announced on October 8 that it is reviewing measures to regulate stablecoins more strictly. This decision comes amidst increasing criticism that stablecoins are emerging as a hidden threat in the foreign exchange landscape due to inadequate government oversight. Rising Cross-Border Use and Industry Criticism According to local media reports, the Ministry highlighted that stablecoins are primarily used for transactions and...

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A digital asset lobby group backed by Coinbase, Stand With Crypto, has been forced to change its crypto-friendly ranking of Democratic presidential candidate Kamala Harris. The group, which runs a website that ranks the level of support U.S. politicians have shown for crypto, had characterized Harris as “Supports Crypto,” giving her a “B” grade. Group Deemed Harris’ New York Remarks Supportive of Crypto The ranking followed remarks the Vice President made on September 22 at a...

If the new regime takes effect, the SFC will collaborate with the C&ED to oversee OTC services in Hong Kong. Financial hub Hong Kong looks to introduce a new regime for over-the-counter (OTC) virtual asset trading services as the Securities and Futures Commission (SFC) conversed with multiple ‘industry participants.’ Should the jurisdiction proceed in that direction, the SFC will work with the Customs and Excise Department (C&ED) to better regulate the crypto industry. A proposal...

The Middle East is making strides in crypto adoption and regulatory development. Qatar now adds to that by introducing a comprehensive digital assets framework. More specifically, the regulations were introduced in the Qatar Financial Centre (QFC) by the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA). Like the UAE’s multiple free zones, the QFC is an independent economic zone aimed at fostering businesses and innovation in various fields. It...

A new report from investment immigration consulting firm Henley & Partners reveals that Singapore is the global leader in cryptocurrency adoption. The report, part of the Henley Crypto Adoption Index 2024, highlights Singapore’s top position due to its supportive regulatory environment and widespread public use of cryptocurrencies. The survey also revealed that out of 60 points, Singapore was leading with 45.7 points in the index. Singapore has been ranked highly because of its advanced...

Arrest of Durov highlights global discussions about tech regulation and free expression. Rumble CEO Chris Pavlovski fled Europe amid fears following Telegram CEO Pavel Durov’s jail in France. Rumble CEO Chris Pavlovski tweeted that he has “departed from Europe” following the arrest of Telegram CEO Pavel Durov in France. Pavlovski’s exit comes as tensions between Rumble and France rise after the latter had threatened the video-sharing network. Rumble CEO Criticizes France’s Actions Pavlovski,...

Binance, a leading cryptocurrency exchange, is set to list Eurite (EURI) and open trading for new spot trading pairs on August 28, 2024, at 10:00 (UTC). In celebration of this launch, Binance is introducing a zero-fee promotion for trading EURI pairs. It makes this an attractive opportunity for traders. It is also pivotal for EURI as it is one of the earliest EURO stablecoins under the MiCA regulation in the EU and the EEA. EURI Deposits Open Ahead of August 28 Launch on Binance; Withdrawals...