The report highlights DeFi’s potential for lower financial audit costs and substantial opportunities for financial integration across borders. Analysts from the European Commission showed an unexpected understanding of how decentralized finance (DeFi) actually functions, having defined it as something different from the traditional financial system…
Bitcoin has been controversial since its beginning in 2009, as have the subsequent cryptocurrencies that followed in its wake. While widely criticised for its volatility, its use in nefarious transactions and for the exorbitant use of electricity to mine it, crypto is being seen by…
The Central African Republic has adopted Bitcoin as a legal currency, becoming only the second country to do so after El Salvador. Lawmakers from the central African country unanimously adopted a bill to make Bitcoin legal tender alongside its CFA franc and legalised the use…
The DFSA ( Dubai Financial Services Authority) the regulatory arm of UAE DIFC ( Dubai International Financial Center) has issued a crypto token ( cryptocurrencies) consultation paper. As per the DFSA the consultation paper seeks public comment on their proposal for a regulatory regime for…
Ukraine Signs Crypto Bill Into Law Ukraine just legalized crypto. The Ukrainian Government’s Ministry of Digital Transformation posted a statement Wednesday announcing that President Zelenskyy had signed the country’s “virtual assets” bill that will allow for a legal framework for adopting cryptocurrency. The bill passed…
A federal court in West Palm Beach, Florida, decided on Wednesday, March 9, that self-proclaimed Bitcoin (BTC) founder Craig Wright must pay $43 million to a joint venture he co-founded. According to a ruling issued [PDF] by U.S. District Judge Beth Bloom, Wright must pay an additional $43…