Business

ESMA: Digital asset investor protections won’t kick in until end of 2024
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20 October, 2023

ESMA: Digital asset investor protections won’t kick in until end of 2024

MiCA was crafted to boost regulatory oversight on unlicensed asset-related activities, but the ESMA said holders won't be protected under...
South Korea regulators pledge regulatory framework supporting investor protection
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20 October, 2023

South Korea regulators pledge regulatory framework supporting investor protection

Regulators in South Korea are working to establish a framework for the Virtual Asset User Protection Act, aiming to safeguard...
Tokenized money, CBDC could be the future of money: Australia’s central bank
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20 October, 2023

Tokenized money, CBDC could be the future of money: Australia’s central bank

The deputy governor of the Reserve Bank of Australia dismissed “speculative cryptocurrencies” and risky stablecoins but said tokenized deposits could...
Reddit shuts down unscalable blockchain-based Community Points
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19 October, 2023

Reddit shuts down unscalable blockchain-based Community Points

Community Points were awarded to users for their contributions, but Reddit says efforts to scale through Ethereum L2s and regulations...
Federal Reserve governor airs doubts over CBDC benefits
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19 October, 2023

Federal Reserve governor airs doubts over CBDC benefits

Federal Reserve Governor Michelle Bowman has doubts about CBDCs, stating that “the potential uses of a U.S. CBDC remain unclear...
Mastercard pilot in Australia demonstrates how CBDC could wipe out stablecoins
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19 October, 2023

Mastercard pilot in Australia demonstrates how CBDC could wipe out stablecoins

Mastercard demonstrated how a digital Australian dollar can be “wrapped” and deployed on various public blockchains, competing with existing stablecoins.
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