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The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance (defi). The paper also makes clear the regulator’s stance regarding the anonymity of defi transactions. Paper Not Guidance for Financial Institutions The FSRA,
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Though nothing in the paper is new information, the paper itself is noteworthy because it demonstrates the development of a more cohesive Republican policy position on crypto. Senate Republicans have been, on the whole, more supportive of the crypto industry than Senate Democrats, but policy efforts have been sporadic. Source
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The largest stablecoin issuer by total supply released its latest attestation report on Tuesday. Source
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USDT stablecoin issuer Tether cut its reserves allocation to commercial paper by more than one fifth between September and December last year, dropping from around $30.5 billion to $24.16 billion. Tether is legally required to disclose its reserves every quarter as part of an $18.5 million court settlement with the
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"It is important, however, to consider the implications of a potential future state in which many foreign countries and currency unions may have introduced CBDCs. Some have suggested that, if these new CBDCs were more attractive than existing forms of the U.S. dollar, global use of the dollar could decrease
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Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues. Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013 in which he highlighted Bitcoin's (BTC) key benefits
Read MoreElizabeth Denham, Information Commissioner, said: “This is an important step forward in addressing people’s growing mistrust of social media and online services. “We all
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