In a landmark decision, the Dubai Court of First Instance has officially recognized cryptocurrency as a valid form of salary payment under employment contracts. This ruling marks a significant shift in the United Arab Emirates’ legal approach to digital currencies, reflecting the growing acceptance of crypto within the country’s economic and legal framework. The case,...
Venezuela’s government has blocked access to the crypto exchange Binance, social media platform X, and other online services amid unrest over disputed presidential election results. On August 9, local anti-censorship organization VE sin Filtro reported a DNS block on Binance, affecting the operation of its website and mobile app. In an August 10 post, Binance’s...
Slovenia has issued a sovereign digital on-chain bond worth $32.5 million (30 million euros), marking the first such issuance by a European Union country. The bond, issued on July 25, is part of an experimental project with the European Central Bank’s (ECB) wholesale central bank money (CeBM) program. The bond settlement was executed using a...
Authorities and investors in Greece are increasingly concerned about the lack of clear regulatory and tax frameworks for cryptocurrencies, as digital asset adoption reaches new heights in the country. This concern has been fueled by the rapid growth in cryptocurrency use, particularly among young adults around the age of 30, driven in part by the...
The Republican Party has reinforced its support for Bitcoin by backing Americans’ right to own and mine the cryptocurrency. According to the 2024 GOP platform draft, the party is committed to making America a global hub for crypto. They plan to end the Democrats’ crackdown on crypto, which they label as “unlawful and unAmerican.” The...
The United States Securities and Exchange Commission (SEC) has officially concluded its investigation into Ethereum, deciding not to pursue any charges alleging that sales of ETH are securities transactions. This decision marks a significant milestone for Ethereum, the second-largest cryptocurrency globally. The closure of the investigation follows a letter from Ethereum developer ConsenSys, which asked...
Former United States President Donald Trump has pledged to end President Joe Biden’s stringent cryptocurrency policies if he is re-elected. Speaking at an event in West Palm Beach, Florida, on his 78th birthday, Trump criticized Biden’s “war on crypto” and promised to secure and develop the future of Bitcoin and crypto in America, particularly in...
The impending launch of the European Union’s Markets in Crypto-Assets (MiCA) regulation is expected to significantly boost the adoption of Euro-backed stablecoins. According to a recent report by Kaiko Research, the MiCA guidelines, set to take effect by the end of June, will provide much-needed regulatory clarity for stablecoins, encouraging their use within the EU....
The Dubai Financial Services Authority (DFSA) has updated its cryptocurrency token rules, aiming to enhance the regulatory framework within the Dubai International Financial Centre (DIFC), a special economic zone in Dubai. These changes were announced on June 3 and stem from the DFSA’s Consultation Paper 153, published in January 2024. The DFSA, an independent regulator...
Hong Kong has mandated that all cryptocurrency exchanges operating without a license from the Securities and Futures Commission (SFC) must immediately cease operations. This regulatory move emphasizes the SFC’s commitment to ensuring a secure and transparent environment for virtual asset trading. The ultimatum issued by Hong Kong regulators requires all cryptocurrency exchanges to apply for...
