In the pilot program, UBS facilitated blockchain-based transactions with multinational corporations and financial institutions, handling domestic transactions within Switzerland and cross-border payments in U.S. dollars, Swiss francs, euros, and Chinese…
Despite the SEC’s targeting of leading crypto and Web3 companies, Immutable became the first Web3 gaming company to have been issued a Wells notice. In the announcement, Immutable stated its…
This reflects a growing interest among governments in the potential benefits of cryptocurrencies, recognizing their economic, social, and other advantages. Other jurisdictions could adopt similar measures to improve public services.
Derivatives are useful in trading for a variety of purposes. They may be used by traders to access specific markets and trade different assets. They could serve as a form…
The BoE and the Britain Ministry of Finance are jointly considering the decision to proceed with a state-backed digital pound but not before 2025, following a consultation which raised privacy…
he BCB disclosed it is developing a “synthetic” CBDC that integrates the “trilemma” of decentralization, privacy, and programmability.
“Given our commitment to compliance, we intend to restrict the provision of services to EEA users in connection with stablecoins that do not meet the MiCA requirements by December 30,…
Specifically in respect of bitcoin, Kozack explained, “Ongoing discussions are focused on policies [and] reforms that can … boost productivity and economic governance addressing risks arising from bitcoin. A key…
The regulations introduced a value added tax (VAT) exemption to cryptocurrency and other virtual assets transactions. Effective from 15 November 2024, transfers and conversions of virtual assets will no longer…
The US Securities and Exchange Commission (SEC) has ruled that Green United’s crypto mining device, Green Box, is a security, Bloomberg Law reported. Meanwhile, the SEC’s lawsuit against Green United…