Dubai Regulator Increases Scrutiny on Crypto Companies

Dubai Regulator Increases Scrutiny on Crypto Companies

Dubai’s Virtual Assets Regulatory Authority (VARA) has implemented stricter regulations for crypto companies to enhance investor protection and ensure transparency. The new rules require firms to include risk warnings in marketing materials, obtain necessary licenses, and adhere to compliance standards. These measures aim to inform investors about the risks and volatility of cryptocurrencies…  » …Read More

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MENA’s Crypto Market Soars With Türkiye, UAE, Saudi Arabia, and Qatar Leading the Charge

MENA’s Crypto Market Soars With Türkiye, UAE, Saudi Arabia, and Qatar Leading the Charge

According to a Chainalysis report, the Middle East & North Africa (MENA) region has emerged as a significant player in the global crypto market, ranking seventh globally with $338.7 billion in on-chain value received between July 2023 and June 2024. Türkiye leads the region, driven by high consumer engagement and stablecoin adoption amidst inflation…  » …Read…

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Visa Introduces Tokenized Asset Platform for Blockchain-Based Financial Services

Visa Introduces Tokenized Asset Platform for Blockchain-Based Financial Services

Visa has launched the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue fiat-backed tokens on the Ethereum blockchain. This platform aims to digitize and automate the trading of real-world assets, such as commodities and bonds, using smart contracts. VTAP provides financial institutions with the tools and infrastructure needed to tokenize…

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BOS Open-Sources Zero-Knowledge Protocol, Paving the Way for Advanced Cryptography on Bitcoin

BOS Open-Sources Zero-Knowledge Protocol, Paving the Way for Advanced Cryptography on Bitcoin

BitcoinOS (BOS) has open-sourced its BitSNARK verification protocol, marking a significant advancement in blockchain technology. This protocol, which successfully verified the first zk-SNARK proof on the Bitcoin blockchain, enables zero-knowledge cryptography without altering Bitcoin’s core protocol. By facilitating decentralized atomic swaps, cross-chain transfers, and 2-way pegging…  » …Read More

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