The Securities Commission of The Bahamas has released a new draft regulation in response to the collapse of the Bahamas-based crypto exchange FTX. The Digital Assets and Registered Exchanges (DARE) Bill 2023 is an update to the original DARE Act of 2020 and aims to strengthen the regulatory framework for digital asset businesses. Under the
Blockchain
Ukraine is planning to introduce new crypto regulations that are inspired by EU Markets in Crypto-Assets (MiCA) regulations. The country’s National Commission on Securities and the Stock Market, the Ministry of Digital Finance, the National Bank of Ukraine, and MPs are currently working together to develop a plan. The Verkhovna Rada’s Financial Committee is also
Andreessen Horowitz, also known as a16z, has urged regulators in the UK to adopt a more nuanced approach towards crypto regulations. In a response letter to the UK Treasury’s Future Financial Services Regulatory Regime for Cryptoassets consultation, the venture capital firm argued that regulators must distinguish between risky centralized crypto systems and less risky decentralized
While Western tech giants like Meta are investing in virtual worlds for consumers in the metaverse, China is taking a different approach. The Chinese government is backing strategic technologies and setting rules to govern cyberspace. Rather than creating a virtual world for socializing, China’s metaverse aims to put technology to work in supporting the economy.
Binance, a major cryptocurrency exchange, is preparing to launch “Binance Japan” next month by rebranding the Japanese exchange it acquired last year. In November 2020, Binance purchased shares in Sakura Exchange BitCoin (SEBC) trading platform, which has now been renamed under the Binance brand, according to an official SEBC notice and Japanese media outlet CoinPost.