HKMA Introduces Regulatory Sandbox for Stablecoin Issuers
The Hong Kong Monetary Authority (HKMA) has taken a proactive step by introducing a Regulatory Sandbox for Stablecoin Issuers. The primary objective of this endeavor is to optimize the consultation procedure concerning suggested regulatory obligations by establishing a methodical setting in which interested parties can participate in substantive discourse. The sandbox functions as a practical […]
Mastercard And MetaMask Partner to Test On-Chain Payment Card
Ethereum-based crypto wallet MetaMask is reportedly experimenting with an entirely on-chain payment card, in partnership with Mastercard. According to promotional materials, this Baanx-issued payment card will function on Mastercard’s enormous network. Decentralized Web3 Payment Solution utilizing MetaMask A prospective partnership between Mastercard and MetaMask unites two titans of their respective industries. The largest self-custody wallet, […]
Court Denies Worldcoin’s Injunction Request Against Spanish Regulator
A court has denied the injunction filed by Worldcoin against the local Spanish regulator’s order to cease data collection in the country. The company will have to freeze its operations in Spain for the next three months. The Spanish Data Protection Agency (AEPD) issued a three-month provisional injunction against Worldcoin data collection in the country […]
Binance Execs’ Detention in Nigeria Raises Global Concerns
Two senior executives of Binance have been detained in Nigeria, prompting global attention, amidst Nigeria’s escalating crypto crackdown. Nigerian authorities have reportedly detained critical figures at the cryptocurrency exchange, Tigran Gambaryan and Nadeem Anjarwalla, against their will for more than two weeks. This has prompted inquiries into the underlying motivations for their apprehension and the […]
Biden Revives 30% Tax on Electricity Used by Crypto Miners in Budget Proposal
In his 2025 budget proposal, United States President Joe Biden revived the notion of a 30% tax on electricity used by cryptocurrency miners. However, some crypto proponents do not see this move as good. “General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals,” a document published by the U.S. Department of the Treasury, emphasized […]