Author: Cointelegraph By Ezra Reguerra

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Bolivia continues crypto momentum as bank launches USDT custody

Bolivian bank Banco Bisa has introduced a stablecoin custody service, allowing clients to buy, sell and transfer USDT. Source link

Chiliz’s Socios.com secures in-principle license approval in Malta

A Class 3 VFAA license would allow Socios.com to provide any digital asset service and hold or control clients’ assets as they provide a virtual financial asset service.  Source link

Crypto ‘full of ideas’ generated at universities — UK blockchain exec

Centre for Blockchain Technologies deputy director said regulators should review the latest academic research to help write future rules.  Source link

UAE to introduce legal framework for DAOs

UAE lawyer Irina Heaver told Cointelegraph that the framework would allow even smaller DAOs to operate legally.  Source link

India’s crypto tax is a gov’t attempt to ‘displace’ the tech — Lawyer 

Legal practitioner Amit Kumar Gupta told Cointelegraph that the Indian government’s stance on crypto reflects a lack of understanding of the technology.  Source link

Regulation by enforcement leads to ‘exodus’ of talent — RAK DAO exec

RAK DAO chief commercial officer Luc Froehlich told Cointelegraph that while regulations need clarity, a regulation-by-enforcement approach drives talent away.  Source link

Bitcoin to have ‘crazy decade’ as global wealth managers dive in

Cointelegraph spoke with Riot Platforms’ Pierre Rochard and Metaplanet’s Dylan LeClaire at the Bitcoin Amsterdam 2024 conference.  Source link

Dubai’s crypto regulator cracks down on unlicensed firms

Dubai’s Virtual Assets Regulatory Authority issued fines ranging from $13,600 to $27,200 to seven entities operating without licenses or breaching marketing regulations.  Source link

South Korea plans to regulate cross-border stablecoin transactions

South Korea’s Financial Services Commission plans to consult with other jurisdictions, such as Japan and the European Union, on stablecoin rules.    Source link

TON-based wallet drainer shuts down, eyes Bitcoin

A TON-based wallet drainer claimed it is shutting down operations due to the lack of whales in the network.  Source link