bonniejo7ly

@bonniejo7ly

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Singapore has emerged as a global leader in blockchain, in terms of blockchain patents, jobs and crypto exchanges in the country, according to a December study by ApeX Protocol.

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Singapore may emerge as the next major cryptocurrency hub in Asia thanks to its innovation-friendly regulatory regime, according to William Croisettier, chief growth officer of ZKcandy.

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Singapore is becoming a key destination for Web3 companies after it issued twice as many crypto licenses in 2024 as in the previous year.

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More favorable economic policy in the US, along with a more innovation-friendly SEC leader, have bolstered analyst expectations of another year of upside for the wider crypto market beyond Bitcoin.

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The incoming Trump administration is seen as a net positive for the crypto industry, partly due to the choice of Paul Atkins for the US Securities and Exchange Commission (SEC) chair.

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Bitpanda’s push into Dubai underscores the city’s commitment to fostering cryptocurrency innovation through initiatives like the DMCC Crypto Centre.

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Dubai’s positioning as an emerging global home for digital finance played a critical role in Bitpanda’s strategic selection of the UAE for its foray beyond its European operations.

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These could include establishing a local office in the UAE, onboarding regional management teams and integrating compliance infrastructure that adheres to the VARA-regulated framework.

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While the announcement indicates that Bitpanda has met key compliance requirements, it still shows it needs to fulfill additional conditions before receiving full approval.

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The in-principle approval from VARA suggests Bitpanda could soon receive its UAE operational license and that it adheres to regulatory requirements and compliance benchmarks.

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Eric Demut, co-founder and CEO of Bitpanda, described Dubai as the firm’s “strategic launchpad for international expansion.”

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The UAE, particularly Dubai, has emerged as a leading hub for global digital finance, attracting cryptocurrency firms with its innovation-focused regulations.

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The regulatory approval sets the stage for Bitpanda to solidify its presence in the Middle East, aligning with its strategy to grow beyond Europe, where it is already a regulated provider of digital assets.

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Bitpanda, a European digital asset platform, has received in-principle authorization from the Virtual Asset Regulatory Authority (VARA) as it prepares to expand its footprint into the United Arab Emirates (UAE).

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All other funds on the spot ETH ETF ecosystem have a positive inflow, with BlackRock's iShares Ethereum Trust ETF (ETHA) and Fidelity Ethereum Fund (FETH) leading the drive with investments worth nearly $3.2 billion and $1.4 billion, respectively.

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Sun’s attached screenshot shows Coinbase CEO Brian Armstrong stating that the exchange is “asset agnostic” due to its belief that “consumers should have a choice in the crypto economy.”

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Grewal’s post received backlash from crypto industry insiders, including from Tron founder Justin Sun, who challenged the company’s transparency, questioning the alignment between Grewal’s statement and earlier remarks by Coinbase CEO Brian Armstrong.

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The lawsuit was filed on Nov. 19, four months after Coinbase first teased the development of the cbBTC token, which was seen as a significant positive development to bolster the adoption of Bitcoin-native decentralized finance (DeFi), or BTCFi.

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On the other hand, he said, “RBI, among the central banks, is a pioneer,” as it is one of the few central banks to launch a pilot CBDC project.

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Speaking about India’s progress in CBDC development, Das noted that many central banks worldwide are stuck in initial discussions and experimentation.

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