A Review on the Adoption and Regulation of Blockchain by the Leading Global E...
Blockchain may have started as the supporting technology for Bitcoin and other cryptocurrencies, but it is now being adopted across different industries, including gaming and logistics. This nascent technology is changing how the world interacts by introducing decentralized ecosystems that challenge today’s centralized infrastructures. While the adoption of the blockchain has been growing in recent […]
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The British Overseas Territory is making steps towards bringing blockchain adoption into the mainstream. The Government of Gibraltar has announced its official appointment as an observing member of the Global Blockchain Business Council, or GBBC. It will be working alongside blockchain industry leaders from more than 50 countries.According to the announcement, Gibraltar expects to promote adoption across the British Overseas Territory and will consult widely to address topics such as regulation and education with business leaders and lawmakers to make the country a a “friendly-one for....
As legislation threatens to allow centralization to creep into the DeFi space, regulation could have complex effects on the adoption. Decentralized finance (DeFi) is shaping up to be one of the most important sectors within the blockchain industry. In just the last two years, DeFi's total value locked (TVL) — the total value of assets locked into various DeFi platforms — has steadily increased from $21 billion at the start of the year to over $100 billion today.DeFi represents a wide range of financial products and services, including the all too popular decentralized exchanges (DEX).....
Russia will not have Bitcoin regulation anytime soon as the country's finance ministry considers reviewing the current draft law. Russia’s stance towards Bitcoin and other cryptocurrencies has taken a U-turn. Last week, the country’s finance ministry stated that it is not in a hurry to introduce the Bitcoin draft law. The ministry is planning to review the draft once again. Alexei Moiseev, the Deputy Finance Minister of Russia has announced that the ministry will not be pushing for a direct blanket ban on Bitcoin in the country. According to Moiseev, the review process will involve the....
Without constant nurturing through communication and collaborative efforts, the pursuits of legislators and businesses would be fruitless. Repeatedly, proponents of disruptive technologies have proven that regulation and innovation have an immense potential to actualize a mutually beneficial existence. The often delicate relationship between innovators and regulators — which may be mired by antagonism — is fundamental to the functioning of the global economy, especially at times as challenging as we are facing now. The fuel that keeps the fire of the important relationship between....
Blockchain data platform Chainalysis has published its 2021 Cryptocurrency Adoption Index, which ranks 154 countries by crypto adoption. According to the firm, global crypto adoption has grown by over 2,300% since Q3 2019 and over 881% in the last year. New Global Cryptocurrency Adoption Index On Wednesday, Chainalysis published a preview of its 2021 Geography of Cryptocurrency report, which will be released in September. The report contains the “2021 Chainalysis Global Crypto Adoption Index,” the company’s second iteration “to measure grassroots cryptocurrency....