Author: Cointelegraph By Ezra Reguerra

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Pudgy Penguins CEO unfazed by SEC actions against the NFT sector

While the SEC focuses on investor protection, Pudgy Penguins CEO Luca Schnetzler believes that investors should also hold some form…
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Digital Chamber urges US crypto users to support new NFT bill

Crypto advocates urged Americans to help the industry flourish without “misapplied” securities regulations.  Source link

US lawmakers unite against AI abuse, support NO FAKES Act

A legal professional warns that the bill could lead to private censorship, posing risks to free speech and creators’ rights.…
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UAE’s central bank approves custodial risk insurance product for digital assets

OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds. …
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UAE regulators to allow Dubai-licensed VASPs to service entire country

The agreement between UAE regulators covers the mutual supervision of crypto providers, penalty imposition, information exchange and employee training.  Source…
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Indonesia’s licensing regime sparks ‘monopolistic’ market concerns

IADERN principal Tuhu Nugraha believes that the prolonged and complex registration process hampers growth and innovation in Indonesia’s crypto ecosystem. …
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Binance subsidiary Tokocrypto secures full license in Indonesia

Binance described Tokocrypto as its “subsidiary,” suggesting that it may have a controlling stake in the Indonesian trading platform.  Source…
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Bitcoin ETFs record combined $1.2B in outflows in 8 days

Despite the outflows, crypto ETFs outshined the over 400 new ETFs in 2024, with the four biggest launches being spot…
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Qatar introduces regulatory framework for digital assets

Qatar’s central bank governor believes that the framework will bring opportunities to the country’s financial sector.  Source link

OKX bags Singapore crypto license

OKX Singapore also announced that it onboarded Gracie Lin, who previously worked at MAS, as its CEO.  Source link