Nonfungible tokens (NFTs) are constantly in the news. NFT platforms are springing up like mushrooms and champions are emerging, such as OpenSea. It is a real platform economy that is emerging, like those in which YouTube or Booking.com gained a foothold. But it is a very young economy — one that is struggling to understand the legal issues that apply to it.Regulators are … [Read more...] about Are NFTs an animal to be regulated? A European approach to decentralization, Part 1
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How should DeFi be regulated? A European approach to decentralization
Decentralized finance, known as DeFi, is a new use of blockchain technology that is growing rapidly, with over $237 billion in value locked up in DeFi projects as of January 2022. Regulators are aware of this phenomenon and are beginning to act to regulate it. In this article, we briefly review the fundamentals and risks of DeFi before presenting the regulatory context.The … [Read more...] about How should DeFi be regulated? A European approach to decentralization
Hong Kong Monetary Authority Issues Discussion Paper on Crypto Assets and Stablecoins, Seeks Views on Approach
"The approach has taken into account, among other things, the international recommendations, the market and regulatory landscape locally and in other major jurisdictions, and the characteristics of payment-related stablecoins," the announcement says. To facilitate the stakeholders in sharing their views, the HKMA has highlighted certain issues in the form of questions and … [Read more...] about Hong Kong Monetary Authority Issues Discussion Paper on Crypto Assets and Stablecoins, Seeks Views on Approach
Cryptocurrencies Approach New Year in Positive Mood
Cryptocurrencies moved toward the year-end in a positive mood, with bitcoin – the largest by market value – adding about 3% over 24 hours and ether, the No. 2, also gaining more than 3%, CoinDesk data show.Bitcoin climbed above $48,000, the highest in three days, while ether topped $3,800, the most since Wednesday.All of the 10 largest cryptocurrencies were advancing as of … [Read more...] about Cryptocurrencies Approach New Year in Positive Mood
Carbon-neutral Bitcoin? New approach aims to help investors offset BTC carbon emissions
Billion-dollar companies across the globe are betting big on Bitcoin (BTC). Recent analysis from European investment manager Nickel Digital Asset Management found that 20 publically listed companies with a market capitalization of over $1 trillion have about $9.6 billion invested in BTC. Individual investors are also taking an increasing interest in the asset.The “Third Annual … [Read more...] about Carbon-neutral Bitcoin? New approach aims to help investors offset BTC carbon emissions