France has taken a keen interest in cryptocurrencies and blockchain. The country has implemented a series of regulations that aim to provide transparency and security to crypto users and investors, while also supporting the adoption of blockchain technology.
Spanish and Finnish regulators independently approved their national fintech companies to develop Euro backed stablecoins. The "digitalization" of fiat currencies is pushed concurrently by CBDC research and by stablecoins.
The US Securities and Exchange Commission (SEC) is facing criticism for not providing clear guidance on compliance rules in the digital asset industry.
Last month Brazilian president Inácio Lula da Silva and his Argentine counterpart, Alberto Fernandez, reignited the idea of a common currency as a means towards an economically independent future.
The European Parliament has released a legal draft that confirms the implementation of strict rules for European banks' involvement with crypto assets. Under the proposed rules, crypto assets would be treated as the riskiest type of asset.
The world’s largest decentralized crypto exchange extends its reach into the Binance-backed BNB ecosystem, patches its governance system along the way.
Bitcoin gained more than 50%, settled above $20,000, and crypto FUD has given room for slight optimism. Nevertheless, there are factors that analysts advise considering before making the bets.
Those waiting for the European Union’s long-anticipated regulation for Markets in Crypto-assets (MiCA), have recently heard that their wait would now extend to April 2023.
