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The EU has signed Crypto regulations into law
The European Union formally signed its landmark Markets in Crypto Assets (MiCA) regulation into law on Wednesday, taking the bloc closer to becoming the first major jurisdiction in the world with tailored rules for the sector. The law was signed by the European Parliament President Roberta Metsola and Swedish Rural Affairs Minister Peter Kullgren, alongside […]
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Hong Kong and the UAE central banks to collaborate on crypto regulations
Hong Kong and the United Arab Emirates’ (UAE) central banks are looking to collaborate on cryptocurrency regulations and financial technology development. On May 30, the Hong Kong Monetary Authority (HKMA) said it met with its counterparts at the Central Bank of the United Arab Emirates (CBUAE), with the two agreeing to “strengthen cooperation” on “virtual asset regulations […]
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We’re celebrating Bitcoin Pizza Day
Today marks the day when in 2010, Bitcoin was used for the first time as a medium in a commercial transaction. A programmer and early miner, Laszlo Hanyecz purchased 2 large pizzas for 10,000 BTC USD (valued at $41 in 2010) in Jacksonville, Florida. This transaction marks the first time in Bitcoin history that crypto […]
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The world’s first Islamic crypto coin is launching soon
As blockchain technology slowly gains adoption around the world, the global Muslim population is set to get their first cryptocurrency ecosystem that abides by the principles and traditions of Islam with the launch of the Islamic Coin ($ISLM), the native coin of the Haqq ecosystem. According to a report from Arabian Business, the public launch of the […]
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Binance shifts focus from the US to the UK
Binance Chief Strategy Officer Patrick Hillmann said that the regulatory environment, or lack thereof, in the US has made it “very difficult” to do business. Hillmann said that the US “has been very confusing over the past six months” and referred to the ongoing legal battle between Coinbase and the SEC. In comments made at the Financial Times’ […]
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Stripe introduces a fiat-to-crypto service
Internet payment processor Stripe has introduced a fiat-to-crypto on-ramp to address the “cold start problem” faced by Web3 companies due to customers not having “crypto in their wallets to carry out transactions.” According to a May 4 statement, Stripe’s newly launched fiat-to-crypto on-ramp, which Stripe itself will host, will allow Web3 companies to offer United States-based […]
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Coinbase is launching an International Exchange soon
Coinbase Global is rolling out a new product for professional investors outside of the U.S. Why it matters: It’s a stab at international markets, amid a broader exodus from the country for crypto exchanges and services. Driving the news: The U.S.’s largest crypto exchange on Tuesday announced the launch of Coinbase International Exchange, enabling professional investors […]
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Argentina and Turkey see crypto as a potential safe-haven from rising prices
Can inherently volatile cryptocurrencies become safe havens? Apparently, they can in some parts of the world, such as Argentina and Turkey, where soaring prices and tumbling local currencies have forced people to seek refuge in digital coins. Ownership of digital currencies in Turkey was the highest in the world at 27.1% followed by Argentina at […]
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