UAE Authorities Sign Agreement To Support Crypto Trading

Dubai authorities continue driving more adoption to the cryptocurrency industry by pushing more regulatory approvals. Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economicfree zone in Dubai.The Dubai World Trade Centre Authority (DWTCA) announced Wednesday that it had signed an agreement with the UAE’s Securities and Commodities Authority (SCA) to support the regulation and trading of crypto assets within the DWTCA free zone.The new initiative establishes a framework enabling the DWTCA to issue....

The European Union is reportedly nearing close to reaching an agreement in the Markets in Crypto-Assets (MiCA) regarding the regulatory framework. This framework concerns a legislative package which will be responsible in extensively regulating the crypto market and all the related activities in Europe. EU is supposed to sign on the agreement by this month […]

Authorities in the EU are moving closer to a deal on a legislative package tailored to comprehensively regulate the crypto market and related activities in Europe. According a media report, an agreement on the key legislation is likely to be reached as early as this month. Deal on EU Crypto Law Expected by End of June, Sources Say Representatives of relevant institutions in the European Union are approaching consensus on the Markets in Crypto Assets (MiCA) proposal aiming to introduce union-wide rules for the crypto industry, Bloomberg reported, quoting knowledgeable....

Chinese users will no longer be able to trade crypto derivatives on the Huobi exchange amid a broader cryptocurrency crackdown from the government. Crypto exchange platform Huobi has updated its user agreement document, banning crypto derivatives trading for customers in China.According to the updated user agreement section of the Huobi Global website, the ban on crypto derivatives trading covers users in jurisdictions such as China, Taiwan, Israel and Iraq. Other banned countries include the United Kingdom — restricted to retail customers — as well as Bolivia, Bangladesh and Ecuador, to....

Worldcoin, a cryptocurrency project co-created by Sam Altman, disclosed that there has been an increase in demand for World ID. This growing popularity is said to have resulted in a new single-day record for user sign-ups in Argentina. This feat comes despite the ongoing investigation by local Argentinean authorities into the crypto project’s operations. Worldcoin Registers […]