Daniel Risch, the Prime Minister of Liechtenstein, stated that the country’s parliament intend to accept bitcoin payments for a variety of government services. He did not, however, say if the nation will accept the principal cryptocurrency as legal cash.
Texas is looking for ways to avoid the next FTX scenario, by requiring proof of reserves for every registered crypto exchange.
The European Union’s Parliament has given its official approval to the MiCA crypto legislation. The approval comes around five months after the historic FTX debacle and is intended to safeguard investors from such failures.
UAE launches crypto business licensing program first passed into law in January.
The new regime imposes minimum capital requirements and anti-money laundering rules. It does not apply to economic free zones or to Dubai, which is regulated by the Virtual Assets Regulatory Authority.
The Central Bank of Montenegro (CBCG) plans to develop a central bank digital currency (CBDC) pilot with blockchain provider Ripple.
Flybondi, an Argentine low-cost airline, is the first to issue flight tickets in the form of non-fungible tokens (NFTs). The project, known as Ticket 3.0, is now available to customers who want to travel to domestic locations.
Japan FSA said foreign crypto exchanges Bybit, BitForex, MEXC Global and Bitget are operating in the country without proper registration in a warning letter published on Friday.
While there’s nothing new in imposing anti-money laundering regulation on crypto, it is only now that the Indian government has decided to notify all interested parties of the obligation to comply with the national AML law.
The “Japan Open Chain” will be used in a stablecoin test involving Japanese banks. The test will also involve local governments and private companies.
Zambia is the latest African country to adopt a digital economy after announcing it is testing technology to enable cryptocurrency regulation.