European Union is open to crypto, Commissioner says

    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,…

    Can crypto-assets be a threat to financial stability?

    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…

    UAE readies national crypto licensing to become a global crypto hub

    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…

    MetaWeek in Dubai to bring together artists, NFT creators, investors, and blockchain Masterminds

    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…

    FBI forming crypto enforcement unit

    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…

    NYSE applies to register a trademark for NFT trading

    The New York Stock Exchange (NYSE) has applied to register the term “NYSE” for an NFT marketplace, getting closer to setting up an online trading place for cryptocurrencies and NFTs. The move comes after the NYSE minted six NFTs last year, commemorating the debut of hot tech stocks on the exchange. Last year, the hype…