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UK Treasury Unveils Draft Cryptoasset Regulations, Seeks Feedback by May 2025


On April 29, 2025, the UK Treasury announced the release of a draft Statutory Instrument (SI) and a Policy Note detailing the UK’s upcoming financial services regulatory framework for cryptoassets, including stablecoins. Following proposals outlined in October 2023 and reaffirmed in November 2024...

Gate Secures Key VASP License in Dubai, Eyes Regional Growth


The United Arab Emirates division of the cryptocurrency exchange Gate has secured a license from Dubai’s Virtual Assets Regulatory Authority, allowing it to offer exchange services to institutional and retail investors. Gate’s Commitment to Operating Within Legal Frameworks Gate Technology FZE,...

UAE Greenlights Stablecoin Issuer Circle as Money Services Provider


Stablecoin issuer Circle has secured In-Principle Approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market, allowing it to operate as a money services provider. Circle Eyes Greater Role in UAE Circle Internet Group, the leading global financial technology company...

Green Bitcoin? Over 52% of Mining Now Uses Sustainable Energy


The latest Cambridge Centre for Alternative Finance report confirms the United States and Canada dominate global bitcoin mining, collectively controlling over 80% of reported activity. Bitcoin mining is now 52.4% reliant on sustainable energy, with hydropower (23.4%) and wind (15.4%) as leading...

Historic: AI Will Begin Developing Laws in the UAE


The government of the UAE has launched what it calls the first AI-based legislative system, allowing synthetic agents to develop laws and monitor their effects through big data analysis. UAE Enables AI Interaction in Lawmaking With New Smart Legislative System Artificial Intelligence (AI) has begun...

Markets Waver as US Treasury Chief Talks Tough on China Trade Risks


U.S. Treasury Secretary Scott Bessent, the 79th Secretary of the Treasury, addressed trade tensions with China during a White House press conference, emphasizing that Beijing faces severe economic consequences if tariffs remain high. ‘Certainty Not Necessarily Good’: Bessent Defends Strategy Amid...

Nasdaq Drops Crypto Framework on SEC That Could Redefine Trading


Nasdaq is revolutionizing the future of digital assets with a bold framework to seamlessly fuse crypto into U.S. capital markets while safeguarding investors, laying the groundwork for a major financial transformation. Nasdaq Unveils Ambitious Digital Asset Integration Framework Nasdaq Inc....

Nexo back in the United States as Trump Jr. attends exclusive event


Cryptocurrency services platform Nexo announced that it is reentering the US market after facing previous regulatory challenges.According to an April 28 announcement, Nexo’s reentry event featured Donald Trump Jr., who said that he thinks “crypto is the future of finance,”...

Nexo back in the United States as Trump Jr. attends exclusive event


Cryptocurrency services platform Nexo announced that it is reentering the US market after facing previous regulatory challenges.According to an April 28 announcement, Nexo’s reentry event featured Donald Trump Jr., who said that he thinks “crypto is the future of finance,”...

Tariff Tsunami: Economist Steve Hanke Predicts Rough Times for US Economy


Economist Steve Hanke is not a fan of U.S. President Donald Trump’s tariffs, drawing a historical parallel between today’s economic conditions and the early 1930s by invoking the Smoot-Hawley Tariff Act and denouncing it as “the stupidest thing I’ve ever seen in my life.” Trump’s Trade Levy Could...

Trump Vows Tariff Windfall Will Wipe out Income Taxes for Millions


U.S. President Donald Trump is reaffirming his commitment to tariffs, emphasizing that this approach could lead Americans who pay income tax to witness their taxes “substantially reduced, maybe even completely eliminated.” ‘External Revenue Service’ Incoming: Trump Eyes Elimination of Income Taxes...

Coinbase: 4 US States Deny Crypto Owners $90M in Staking Rewards


Coinbase is charging ahead in its relentless mission to fully restore crypto staking rights across America, fighting massive barriers and protecting millions in potential staking rewards. Coinbase Fights on to Fully Restore Staking Rights Across the US Crypto exchange Coinbase (Nasdaq: COIN)...

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