BITPRISMIA
Excluding memecoins, there are currently tens of thousands of cryptocurrency tokens and coins, with more being developed every day.
Dubai’s Virtual Assets Regulatory Authority has issued fines ranging from $13,600 to $27,200 to seven entities operating without a license or breaching marketing regulations.
By establishing a comprehensive regulatory framework, the city aims to attract global fintech talent, foster innovation, and ensure the security and integrity of digital asset transactions.
The central bank mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds.
While this application process is intended to improve compliance, VASPs are directed to complete it no later than 30 days from the circular date.
A new U.S. law grants the President unprecedented authority to block access to digital assets, sparking significant concerns about its broad implications and potential impact on users.