Oasis Introduces Privacy Blockchain Sapphire
Oasis has introduced Sapphire, a private blockchain compatible with the Ethereum Virtual Machine. According to the company, it will give decentralized applications (DApps) access to more advanced privacy capabilities. With the launch of Sapphire and the Oasis Privacy Layer (OPL), current DApps on EVM networks may now utilize the privacy-first capabilities of the blockchain without […]
Nasdaq Pauses Plans to Launch Crypto Custody Services
CEO Adena Friedman said that Nasdaq is pausing its plans to release a crypto custody business on the company’s earnings call. According to CEO Adena Friedman , the debut has been postponed due to regulatory concerns in the United States. Friedman said, “We have decided to halt our launch of the U.S. digital assets custodian […]
UK Denies Proposal To Treat Crypto Like Gambling
The United Kingdom government has rejected a proposal by the U.K. Treasury Committee to regulate crypto retail trading in the same manner as gambling, emphasizing its “strong disagreement” with the Committee’s position. In a report issued on May 17 by a House of Commons Committee, British legislators called for the crypto market to be regulated […]
Kuwait Bans All Transactions Involving Crypto, Virtual Assets
Kuwait is the most recent nation to prohibit virtually all transactions involving cryptocurrencies such as Bitcoin. However, securities and other financial instruments regulated by the Central Bank of Kuwait and the CMA are exempt from the ban. The Capital Markets Authority (CMA), Kuwait’s primary financial regulator, issued a circular on the supervision and issuance of […]