As the world transitions from Web2 to a decentralized Web3, there seems to be a wide-spread conviction in the promise of virtual digital assets (VDAs). One of the most popular uses of VDAs is for investments and trading which was boosted by the rapid appreciation in their value experienced in 2021. Various surveys indicate that … Read more
The story so far: The European Parliament, the legislative body of the 27-country block European Union, has approved the world’s first set of comprehensive rules to bring largely unregulated cryptocurrency markets under the ambit of regulation by government authorities. The regulation, called the Markets in Crypto Assets (MiCA), will come into force after formal approval … Read more
In my view, in the history of mankind, cryptos are the fastest asset creators, creating $2-$3 trillion in the 10 years since Bitcoin was launched in 2009. Today, it is one of the most talked about asset classes — or should I say a puzzle. To utilise this asset and to enjoy its benefits as … Read more
Federal Reserve Vice Chair of Supervision Randal Quarles said on Tuesday that US financial regulatory agencies are working together on addressing issues related to cryptocurrency. “We along with the OCC and the FDIC are engaged right now in what we are calling a sprint in seeking to pull together views on exactly that” including discussions … Read more