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TLDR Malta’s Financial Services Authority (MFSA) has initiated significant amendments to its existing crypto guidelines to align with the European Union’s upcoming Markets in Crypto-Assets (MiCA) regulations. The changes, open for public consultation until September 29, aim to facilitate a smooth transition for Virtual Financial Assets (VFA) providers when MiCA takes effect in December 2024. Streamlining …

MALTA REVAMPS CRYPTO REGULATIONS IN ANTICIPATION OF EU’S MICA LAWS 查看全文 »

TLDR Citi Treasury and Trade Solutions (TTS) has announced the launch of Citi Token Services, a blockchain-based platform designed to enhance cash management and trade finance for institutional clients. The new service leverages blockchain technology and smart contracts to integrate tokenized deposits into Citi’s global network, offering a more efficient alternative to traditional bank guarantees and letters of …

CITI UNVEILS BLOCKCHAIN-BASED TOKEN SERVICES TO REVOLUTIONIZE INSTITUTIONAL FINANCE 查看全文 »

CONTENT 1. Closing the income tax loophole 2. Thailand’s regulatory approach to cryptocurrency TLDR The Revenue Department of Thailand is set to implement significant changes to its tax regulations, targeting individuals residing in the country for more than 180 days. Effective January 1, 2024, the new rule will require these residents to declare and pay personal income …

THAILAND’S NEW TAX REGULATIONS IMPACTING RESIDENTS’ OVERSEAS INCOME INCLUDING CRYPTO GAINS 查看全文 »

TLDR As discussions continue among Brazilian lawmakers regarding a bill aimed at offering robust protection to a significant portion of debtors’ savings assets, a separate initiative is seeking to include cryptocurrency holdings within the scope of this protective legislation. Expanding asset protection bill to include cryptocurrency The proposed bill, numbered 4.420/2021 and authored by Deputy …

BRAZILIAN LAWMAKERS CONSIDER ADDING CRYPTO TO ASSET PROTECTION BILL 查看全文 »

CONTENT 1. Improbable’s role in the Major League Baseball metaverse game 2. The digital realm and its growing role in sports TLDR In a groundbreaking move, Major League Baseball (MLB) will treat its fans to an extraordinary experience as they will watch a real-world MLB game unfold in 3D within the metaverse. This technological marvel will be unveiled …

MAJOR LEAGUE BASEBALL HOSTS ITS FIRST METAVERSE GAME 查看全文 »

CONTENT TLDR In a significant move, PayPal’s stablecoin, PYUSD, debuted on Venmo. Initially, a select group of users will have access to this feature. However, it will be available to the broader public in the coming weeks. This development allows Venmo users to purchase PYUSD using their balance. Moreover, they can transfer it to anyone …

PAYPAL’S PYUSD STABLECOIN DEBUTS ON VENMO, EXPANDS CRYPTO REACH 查看全文 »

CONTENT 1. Legislative Gaps as Wide as the Grand Canyon 2. A Digital Coin with Potentially Hollow Promises 3. A Tangled Web of Governance In the world of financial innovations, the anticipation of a digital euro was met with much fanfare. Yet, as the glitter begins to settle, it seems that the grand European project might be riddled with legislative …

DIGITAL EURO STUMBLES? FINANCIAL GIANTS SPOT LEGISLATIVE FLAWS 查看全文 »

CONTENT 1. The metaverse under the legislative lens TLDR On Tuesday, the U.K. Parliament passed the Online Safety Bill, a comprehensive framework designed to protect internet users from encountering illegal or harmful content.  Notably, the bill has been extended to cover the metaverse, a collective of virtual worlds that has gained significant traction following Facebook’s rebranding …

U.K. PARLIAMENT GREENLIGHTS ONLINE SAFETY BILL, EXTENDING REGULATIONS TO THE METAVERSE 查看全文 »

by Owotunse Adebayo CONTENT 1. Maple Finance secures $5 million in investment 2. The company is eyeing evolution in a dynamic crypto landscape TLDR Maple Finance, a blockchain-based credit marketplace, has set its sights on the Asia-Pacific (APAC) region, announcing a successful $5 million investment round on Tuesday. The fundraising was led by BlockTower Capital and Tioga Capital, with participation …

MAPLE FINANCE ANNOUNCES ASIA EXPANSION AFTER SUCCESSFUL INVESTMENT ROUND 查看全文 »

Introduction In the rapidly evolving landscape of technology and its impact on economies and societies, nations are recognizing the paramount importance of embracing digital transformation. Malawi, a country with a burgeoning information and communication technology (ICT) sector, has embarked on a visionary journey with its National Digitalization Policy (2023–2028) which will replace the National ICT …

Empowering Malawi’s Future: Unpacking the National Digitalization Policy 2023–2028 查看全文 »