The bill complements one already on the governor’s desk that regulates digital assets owned by individuals.
Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai
The Backpack crypto wallet has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement.
Snow Crash manuscript that coined the term ‘Metaverse’ to be auctioned by Sotheby’s
The manuscript is part of a larger series of physical and digital items related to the famous book.
Hong Kong securities regulator adds crypto personnel for industry supervision
Regulators in Hong Kong plan for the addition of personnel to “better supervise” the activities of local virtual asset providers.
Bank of Thailand to allow first virtual banks by 2025
By allowing virtual banks, Thailand seeks to boost competition and economic growth.
Hong Kong to subject crypto exchanges to the same laws governing TradFi
The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines.
The metaverse is a new frontier for earning passive income
Those looking to earn passive income in the metaverse have several available options, but how profitable and durable these are isn’t yet clear.
Belgian financial regulator FSMA to regulate crypto exchange services
Crypto service providers must fulfill seven conditions that include being constituted in the form of a company with a minimum capital of roughly $52,725 (EUR 50,000).
Dubai establishes virtual asset regulator and announces new crypto law
The Sheikh said the regulator will have authority in Dubai’s special development zones and free zones with the exception of the Dubai International Financial Centre.
China’s Supreme Court adds digital currency to list of illegal fundraising methods
The new policy change aims to mitigate risks arising from digital currency fundraising and the absorption of funds from the public.
UAE to experiment and launch an in-house digital currency
As a part of the 2023-2026 strategy, CBUAE intends to be among the world’s top 10 regulators.
Chinese trade associations sound crypto investment warning
Three associations outlined four issues related to crypto investment, beginning with a call for their members to understand the nature of digital currencies.