Global #regulations

Dubai’s Virtual Assets Regulatory Authority (VARA) believes it has achieved an optimal balance in the licensing timeline for crypto-related applicants.

In a significant enforcement action, Dubai’s Virtual Assets Regulatory Authority (VARA) announced on Wednesday that it has issued cease-and-desist orders and imposed fines on seven entities operating without the necessary licenses and violating marketing regulations.

The South Korean government is set to introduce stringent regulations on dollar-pegged stablecoins, emphasizing the importance of cross-border transactions in the evolving digital asset landscape.

The United Arab Emirates (UAE) is once again making headlines in the cryptocurrency sector, positioning itself as a leader in accommodating digital assets. While many countries struggle to integrate cryptocurrency into their economies, the UAE is taking significant steps forward.

In a significant call for change, Zhu Guangyao, a former senior finance official in China, has urged the government to reconsider its strict ban on cryptocurrencies.

The stablecoin market is rapidly evolving, currently valued at over $155 billion with major players like Tether's USDT and Circle's USDC leading the charge. Recent reports suggest that Robinhood, a popular crypto-friendly stock trading platform, is exploring the launch of its own stablecoin as part of its broader cryptocurrency offerings.