Author: Cointelegraph By Ezra Reguerra

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Metaplanet becomes Asia’s second-largest corporate Bitcoin holder

Metaplanet’s latest Bitcoin purchase makes it the second-largest corporate Bitcoin holder in Asia behind Boyaa Interactive International, which holds 1,100 BTC.  Source link

BIS project demonstrates automated cross-border transaction compliance

Project Mandala uses zero-knowledge proofs to complete compliance checks across different jurisdictions.  Source link

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