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Search Results for: cbdc

Abu Dhabi Proposes Regulatory Framework for Fiat Referenced Tokens

Abu Dhabi is taking significant steps towards regulating fiat-referenced tokens (FRTs), a specific type of stablecoin. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) introduced a proposed framework on August 20. It aimed at overseeing the issuance and operation of FRTs.  FRTs are digital assets

August 21, 2024 2 mins read

UAE’s RAKBANK Partners with Bitpanda to Unveil New Platform

The National Bank of Ras Al Khaimah (RAKBANK) has announced a strategic partnership with Bitpanda Technology Solutions. The partnership led to the launch of a new digital asset management platform for residents of the United Arab Emirates (UAE).  The initiative, pending approval from the Central Bank of the UAE (CBUAE),

August 19, 2024 1 min read

RFK Jr. Unveils His Bizarre Central Park Bear Cub Prank

In a political landscape where every candidate is vying to stand out, Robert F. Kennedy Jr. has taken an unexpected route to capture attention. Robert F. Kennedy Jr., a man known for his unfiltered takes and eco-warrior persona, recently shared a tale straight out of a bizarre sitcom: dumping a

August 5, 2024 2 mins read

Bahamas Advances Crypto Regulation with Enactment of New Law

The Bahamas’ Securities Commission has made historic progress in crypto regulation by adopting a new law. The newly enacted DARE (Digital Assets and Registered Exchanges) Act 2024 was formally adopted today by the regulatory authority. While this trend has gone viral throughout the world, the Bahamas is firmly establishing itself

August 1, 2024 1 min read

US Senate Urges Blockchain Testing for National Security

The US Senate Committee on Armed Services has directed the Department of Defense to explore blockchain technology for enhancing national security, particularly in supply chain management. This move comes as part of the fiscal year 2025 National Defense Authorization Act (NDAA), highlighting blockchain’s potential to support data integrity and combat

July 9, 2024 1 min read

Is Binance US Ready for a Protracted Legal Battle with the SEC?

Binance US, the American arm of the giant cryptocurrency exchange, is prepared for an extended legal battle with the Securities and Exchange Commission (SEC). The company emphasizes its commitment to regulatory compliance while criticizing the SEC’s approach to enforcement. Despite a prolonged 11-month discovery process, the US entity claims that

July 2, 2024 1 min read