Dubai-based legal advisory firm Karm has partnered with ScaleCompliance, a European crypto compliance specialist that recently expanded into the UAE. Founded in 2018 by Kokila Alagh, Karm specializes in helping clients understand and navigate the legal complexities of emerging technologies, including artificial intelligence, fintech, blockchain, cybersecurity, robo advisory, and medtech. Partnering with ScaleCompliance, “we can…

Breaking crypto news from the last week (Feb. 12 – 18, 2022): Feb. 12: The supply ratio has shrunk by 3%, and Bitcoin exchange supply is the lowest in 37 months. BTC exchanges now hold only 10.8% of the supply. Amid global adoption and holding trends, BTC owners have substantially moved their digital assets from…

Russia has begun testing its own CBDC, the digital ruble. And the possibilities we have seen are truly frightening. If that is the future of currency, the word “freedom” may soon be only relegated to dictionaries. We have been watching developed democracies endlessly examine the prospect of introducing central bank digital currencies (CBDCs), consider various…

EU Commissioner for Home Affairs said that the European Union is open to digital assets but with fraud-preventing regulation. Regulation and cybercrime in the crypto industry sparked the discussion around crypto at the Munich Security Conference 2022. The commissioner spoke at the Munich Security Conference on February 18, 2022, attended by the CEO of FTX,…

In a recent interesting report, the Financial Stability Board argues that cryptocurrency markets are evolving at a rate that could pose a threat to global financial stability, writes Nikolaos Akkizidis from LegacyFX. The three main reasons for this assessment are: Their scale. Their structural vulnerabilities. The increasing interconnectedness with the traditional financial system. Also, the…

The ongoing “crypto winter” (sort of) may surprisingly coincide with a major tide of cryptocurrency mass adoption. There is no contradiction, only laws of economics and the understanding that inflation can no longer be solved by simply halting the money printers. The financial business is already anticipating a surge in the mass adoption of cryptocurrencies….

The United Arab Emirates (UAE) is formulating a licensing regime for virtual asset service providers to formalize the crypto economy and become a global industry hub. Meanwhile, various free zones in the country had introduced crypto regulations as early as 2018. According to Bloomberg citing government officials, the UAE is readying to issue federal licenses…

A week-long event, set for March 7-10, 2022, will cover how paradigm-shifting technologies revolutionize and scale in industries like finance, art, cybersecurity, media and investment. Organized by NexChange Group, MetaWeek will run from 7th to 10th of March, 2022. The week’s central event, MetaWeek Summit, is scheduled March 8th and 9th and will take place…

The US Justice Department announced on February 17 that the FBI is launching a unit for blockchain analysis and virtual asset seizure and assigned Eun Young Choi, a seasoned computer crimes prosecutor, to lead a new team, dedicated to investigating and prosecuting illicit cryptocurrency schemes. According to Reuters, in a speech at the Munich Cyber…

The ongoing “crypto winter” (sort of) may surprisingly coincide with a major tide of cryptocurrency mass adoption. There is no contradiction, only laws of economics and the understanding that inflation can no longer be solved by simply halting the money printers. Analysts of the large American financial holding Wells Fargo Bank believe that the global…