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Bitcoin Network Adapting Despite Experiencing Growing Pains, Says Early BTC Investor
23.6.2024
Although Bitcoin-based decentralized applications (dapps) have been known to replicate or copy Ethereum dApps, Jeff Yin, founder of Merlin Chain, believes there is a growing impetus to build bitcoin dapps that are distinguishable from ether-based dapps. Yin, however, noted that the synchronization...
Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities
23.6.2024
The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into...
Hong Kong invites global opinions on web3 and virtual assets future
22.6.2024
The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks
Nigerian SEC announces new rules, compliance program for digital assets
21.6.2024
While this application process is intended to improve compliance, VASPs are directed to complete it no later than 30 days from the circular date
This Cozy Virtual Pet Sim Is 'Microsoft Clippy, But Better'
20.6.2024
One night, as I’m playing Selaco—a fast-paced retro-inspired FPS—I round a corner and shoot three space guards with a grenade launcher and watch their body parts fly through the air. Meanwhile, watching from my desktop is Mustard, my new digital pet. He’s from a different game, Weyrdlets, and he’s...
Singapore flags digital payment tokens as high-risk in AML landscape
20.6.2024
Singapore said DPT service providers, also known as virtual assets service providers, stand out as a high-risk category within the financial sector
Zimbabwean Regulators Develop Framework for Virtual Assets Trading
18.6.2024
The Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are reportedly developing a framework for virtual asset trading. The framework aims to provide clear legislation, client protection under the Data Protection Act, and educational support. Challenges...
Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets
18.6.2024
South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user...
Taiwan establishes association to help crypto firms self regulate
13.6.2024
The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison
Tokenizing music catalogs: The next frontier for Web3 and the music industry
13.6.2024
At the Proof of Talk 2024 conference in Paris, Serio Mottola, the CEO of Music Protocol, advocated for integrating blockchain technology into the already established billion-dollar music industry
McDonald’s metaverse in Singapore, South Korea classifies NFTs as virtual assets: Nifty Newsletter
12.6.2024
NFT sales surge volumes across various platforms and blockchains, with Bitcoin-based digital collectibles leading the charge
Ripple Adds Ethereum Virtual Machine Compatibility to XRP Ledger
12.6.2024
The XRP Ledger (XRPL) will now be compatible with the Ethereum Virtual Machine (EVM) thanks to the launch of the XRPL EVM Sidechain by the Ripple team. This new product will enable EVM compatibility and unlock opportunities for decentralized finance (DeFi) and real-world asset tokenization (RWA)...
Ripple Introduces XRPL EVM Sidechain: Bringing Ethereum Virtual Machine Compatibility to XRP Ledger
12.6.2024
Ripple has announced the development of a new product, the XRPL EVM Sidechain, which will bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger (XRPL). This move is expected to unlock new opportunities in decentralized finance (defi) and real-world asset (RWA) tokenization....
Zimbabwe consults crypto firms on virtual asset regulation needs
12.6.2024
The Zimbabwean government hopes to create a regulatory structure tailored to country’s specific needs and conditions
DeFi Technologies launches Core chain validator, stakes 1,498 Bitcoin
11.6.2024
In May, the partners launched the first yield-bearing BTC ETP in Scandinavia
Crypto Exchange Crypto.com Secures Spot on Ireland's Virtual Assets Service Provider Register
11.6.2024
The company has also received approval in Dubai, U.K., the Netherlands and Spain
South Korean Regulator Excludes Certain NFTs From Crypto Regulations
11.6.2024
South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July...
South Korea enacts Virtual Asset User Protection Law, issues NFT guidelines
10.6.2024
South Korea is making significant strides in regulating the rapidly evolving cryptocurrency landscape with the implementation of the Virtual Asset User Protection Law. This landmark legislation, now in effect, aims to safeguard users and ensure the integrity of the virtual asset market. Alongside...
South Korea labels mass-produced NFTs as virtual assets
10.6.2024
NFTs considered as virtual assets are eligible to receive interest when deposited to exchanges according to the FSC’s guidelines published in 2023
US Authority Seizes 70 Crypto Scam Sites Targeting Russian Community
7.6.2024
The Brooklyn District Attorney’s Office has seized 70 domains used to scam the Russian community. The scam involved deceptive Facebook ads featuring a deepfake of Tesla CEO Elon Musk. Over 20 Brooklyn residents and additional victims nationwide lost a total of $5 million. 70 Crypto Scam...