Outgoing Reserve Bank of India (RBI) Governor Shaktikanta Das has outlined a vision for India’s economic future powered by a central bank digital currency (CBDC). On his final day in office on December 10, Das emphasized the transformative potential of the digital rupee, positioning it as a cornerstone of India’s modern economy. In a farewell...
Polish authorities have arrested Dmitry V., the former head of the now-defunct Russia-based crypto exchange WEX, following an extradition request from the United States Department of Justice. The arrest, reported on December 6 by Reuters and local Polish outlet Rzeczpospolita, marks the latest in a series of legal actions tied to WEX’s collapse and subsequent...
German fintech company 21X, one of the four applicants for a blockchain trading infrastructure permit under the European Union’s DLT Pilot Regime, has received regulatory approval to launch a tokenization platform. The firm was granted a license to operate a blockchain-based trading and settlement system regulated by European laws, according to a Dec. 3 announcement....
The Commodity Futures Trading Commission (CFTC) is taking steps towards the integration of tokenized assets in traditional finance. On Thursday, the CFTC’s Global Markets Advisory Committee approved recommendations to use tokenized money-market fund assets, such as those from BlackRock and Franklin Templeton, as collateral in derivatives trading. This move brings tokenized assets closer to mainstream...
Cryptocurrency ownership among investors in the United Kingdom is on the rise, prompting increasing regulatory attention from the country’s top financial authority. According to a Nov. 26 announcement by the Financial Conduct Authority (FCA), over 12% of UK adults now hold cryptocurrency, with an average value of up to 1,842 British pounds ($2,318). This marks...
United States Securities and Exchange Commission (SEC) Chair Gary Gensler, potentially weeks away from being removed by President-elect Donald Trump, has reiterated his stance on crypto policy and enforcement. In prepared remarks for a November 14 speech at the Practicing Law Institute’s 56th Annual Institute on Securities Regulation, Gensler emphasized the importance of registration and...
Blockchain analytics firm Arkham Intelligence has launched a cryptocurrency derivatives exchange, according to a November 6 announcement. The exchange aims to target retail traders and compete with established platforms such as Binance. Arkham stated that the new exchange would integrate its research tools and feature live on-chain audits and proof-of-reserve (PoR), providing transparency for traders....
A recent market analysis suggests that Cybro and Solana could see a significant surge in value by 2025, with predictions pointing to a potential 15-fold increase. The forecast is attracting the attention of many in the crypto community, who are eager to understand the factors driving this optimistic outlook. Cybro, an advanced DeFi platform, has...
Hong Kong Exchanges and Clearing (HKEX), a publicly traded global exchange group, has announced the launch of a new digital asset index series aimed at providing accurate real-time data on digital assets in the Asia-Pacific region. The HKEX Virtual Asset Index Series will go live on November 15, offering benchmarks for Bitcoin (BTC) and Ether...
A new report from Andreessen Horowitz (a16z) highlights gaming and social applications as the dominant use cases for cryptocurrencies in 2024. The “State of Crypto 2024” report also reveals that decentralized finance (DeFi) has the largest number of daily active addresses, accounting for 34%, with stablecoins following closely at 32%. Infrastructure ranks third, making up...
