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The President-elect of the United States will assume office on Jan. 20, 2025, with many crypto industry executives expecting a friendlier regulatory climate under the incoming administration.
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Out of a scale of 100, with 100 being the highest search volume, both terms surged to 100 on Jan. 19.
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These licenses may further solidify Singapore’s status as a global blockchain leader, according to Mouloukou Sanoh, co-founder and CEO of MANSA, who wrote:
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Management consulting firm Gallup surveyed up to 100,000 people registered in its multimode panel between Dec. 4-15, almost a full month after Republican Donald Trump won the US presidential election.
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The bearish figures are still an improvement over 2023’s 9% and 14% survey outcome, respectively, for US political cooperation and international peace.
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That said, Bitcoin rallied when the local US banking system showed signs of fragility in early 2023, as seen by the shock collapses of Silicon Valley Bank and Signature Bank, to name a few.
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The poll also split responses between Republicans, Democrats and independents, which generally found Republicans more optimistic for the year ahead than Democrats.
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Ethereum co-founder Vitalik Buterin called for Elon Musk to “turn down the temperature” amid a heated debate on his platform over foreign tech workers, which has stirred new controversy over free speech.
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Musk sparked outrage from some MAGA Republican followers of President-elect Donald Trump on X when he came out in favor of hiring foreign tech workers at top US companies, with the conservatives arguing that hiring conditions in the US were becoming less favorable to citizens.
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He cautioned Musk to be more wary of his tone and ensure that he used his power on X for the benefit of humanity.
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“Respecting free speech is easy when we agree with the speech and hard when we think it’s awful,” said Buterin, adding:
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Several conservatives then accused Musk of censorship after his social media platform allegedly removed premium features from accounts that criticized his stance on the H-1B visa debate.
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He cautioned Musk to be more wary of his tone and ensure that he used his power on X for the benefit of humanity.
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“Respecting free speech is easy when we agree with the speech and hard when we think it’s awful,” said Buterin, adding:
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Several conservatives then accused Musk of censorship after his social media platform allegedly removed premium features from accounts that criticized his stance on the H-1B visa debate.
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Bendjemil said this was a “recurring demand” in the Middle East and that many builders are already crafting solid strategies for complying with Shariah law.
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The demand for Shariah-compliant crypto services is another significant trend, particularly for decentralized finance (DeFi). Islamic finance prohibits interest-based lending, focusing on profit-sharing agreements. Lenders and borrowers share investment risks, and both parties share their losses and profits.
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“When you get the right people, the right companies and the right regulatory framework, this is the combination for success,” Vranjes added.
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Vranjes said that the country has been able to attract the right talent, highlighting the influx of talent relocating from London, India and the Asia-Pacific region.
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Vranjes described the UAE as a launchpad for blockchain projects, citing its regulatory clarity compared to other jurisdictions. “Our expectation for this market is that it’s going to move much faster,” he said. “This market’s going to leapfrog ahead in global rankings really quickly.”
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