Abu Dhabi Regulatory

Abu Dhabi Establishes a Comprehensive Regulatory Framework for Digital Ledger Technology.

The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) unveiled tailored regulations for the cryptocurrency sector, officially known as the Distributed Ledger Technology (DLT) Foundations Regulations 2023, on November 2nd, as announced in a press release. These fresh regulations are designed to offer much-needed clarity and oversight to the cryptocurrency industry, positioning Abu Dhabi…

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Bitcoin Ethereum

The United States Department of Justice Initiates Legal Measures to Confiscate 30,000 Ethereum (ETH)

As reported by The Block, the United States Department of Justice has initiated legal action to seize over $54 million in cryptocurrency that was acquired through the proceeds of an illicit darknet narcotics operation in New Jersey. In light of these developments, the US Department of Justice has filed a forfeiture case with the objective…

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A Change in the USDC Landscape Driven by Circle’s Decision

In the dynamic and ever-evolving world of cryptocurrencies, recent developments have thrust USD Coin (USDC), the second-largest stablecoin in the market, into the spotlight. What’s caught the attention of industry observers is a notable contraction in the supply of USDC, a phenomenon that hasn’t been witnessed since 2021. This decline in USDC’s circulating supply can…

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united Kingdom

UK’s FinProm a welcome change, but challenge persists — Transak compliance head

Transak’s compliance chief, James Young, told Cointelegraph that while the U.K.’s new crypto marketing rules are good for the industry, they still pose challenges to some firms operating in the decentralized space. On Oct. 8, the United Kingdom’s Financial Conduct Authority (FCA) imposed new marketing rules compelling cryptocurrency firms to promote their products and services clearly, fairly and…

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