UAE Prepares to Launch Nationwide Crypto Licensing System in Line With Global...
The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region. UAE Prepares to Regulate Crypto Sector Nationwide The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to virtual asset service providers (VASPs) by the end of the first quarter, Bloomberg reported Thursday, citing an unnamed government....
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Pryor Cashman, which is a full-service law firm, has announced the launch of a new digital art and media platform "Monegraph." What makes this platform an interesting subject for digital currency world is the fact that it claims to be utilizing the technology which is similar to the blockchain technology. Blockchain has evoked lots of discussions as it is widely being seen as the answer to an over-burdened traditional financial infrastructure. Monegraph has been described as a web-based platform that facilitates transfers of digital art, such as professional and amateur photography, and....
Regulators in South Korea have issued a new report that offers a bevy of recommendations for how to properly govern the country’s crypto industry. A report commissioned by South Korea’s federal government recommends the domestic crypto industry adopt a licensing system for exchanges and token issuers as a way of protecting investors.The report issued by the Financial Services Commission (FSC) to the National Assembly, the country’s legislature, also calls for new regulations to mitigate insider trading, pump-and-dump schemes and wash trading.The new regulations would be stricter, and the....
Australian bitcoin services company CoinJar has opened up its debit card service CoinJar Swipe to the general public. The cards allow users to spend from their bitcoin accounts at over 820,000 retail terminals nationwide, as well as withdraw cash from bank ATMs. Notably, the new system means there is no waiting for banks to clear fund transfers from CoinJar exchange accounts. CoinJar announced the launch at the Payment Innovations 2015 conference in Sydney today. The Swipe system had been an invite-only trial since September, with about 61 users spending AU$30,000 in that period. The....
The Japanese social media and messenger software firm Line Corporation has announced the company is introducing a non-fungible token (NFT) marketplace on April 13. Line detailed on Wednesday that the market will be called “LINE NFT” and it will showcase “more than 100 types of NFTs.”
Japan’s Line Corporation to Launch LINE NFT Marketplace
In March 2021, Line Corporation completed a merger with Softbank Group, Yahoo Japan, and Z Holdings. The merged company aims to encompass the digital world from all aspects and last week, reports revealed Z....