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Web3/Crypto News
The Swiss Federal Chancellery has announced the approval of the federal popular initiative titled "For a Financially Strong, Sovereign, and Responsible Switzerland (Bitcoin Initiative)."
Verena Ross, chair of the European Securities and Markets Authority (ESMA), said that the implementation of the Markets in Crypto Assets Regulation (MiCA) on December 30, 2024, represents a "significant step" toward regulating the cryptocurrency...
Sarah Knafo, a French Member of Parliament and Vice President of the ENS group, expressed concerns over a new European regulation known as MiCA.
Christian Lindner has emphasized the importance of crypto assets in contributing to "global prosperity," highlighting that the United States is considering including them in its reserves.
Christian Lindner, former Federal Minister of Finance and leader of the Free Democratic Party (FDP), has advocated for Germany to embrace the opportunities presented by Bitcoin and other digital currencies.
Stefan Berger, a Member of the European Parliament (MEP), has called for the European Union to appoint a dedicated representative for cryptocurrency.
Blockchain consultant Stéphane Rodriguez has reported that users of the cryptocurrency exchange Bybit in France are unable to sell their tokens to recover funds before the platform's account closure.
Bybit has announced the cessation of withdrawal and custody services for French nationals and residents, attributing the decision to regulatory changes in the French Territories.
Marc Andreessen, general partner of Andreessen Horowitz, has raised concerns about what he describes as "Chokepoint 2.0," a strategy targeting political opponents and tech startups through de-banking and economic pressure.
Brian Armstrong, co-founder and CEO of Coinbase, said that the percentage of global GDP operating on cryptocurrency rails is expected to increase significantly over the next decade.
The UK Financial Conduct Authority (FCA) is seeking feedback on its Discussion Paper DP24/4 to shape the proposed "Cryptoasset Admissions and Disclosures and Market Abuse Regime."
On November 26, Morocco moved closer to lifting its 2017 ban on cryptocurrencies, a decision that could influence broader market trends.
Minister Clara Chappaz inaugurated the French Consulate's new AI Club in San Francisco, a strategic initiative aimed at fostering collaboration and innovation within the burgeoning artificial intelligence sector.
Global Digital Finance (GDF) and Adan have announced a strategic partnership aimed at promoting collaboration in the digital finance sector across Europe.
The UK government announced a pilot program on November 14 to issue a Digital Gilt Instrument (DIGIT) using blockchain technology, aiming to modernize public finance. Chancellor of the Exchequer Rachel Reeves unveiled the initiative during her Mansion House speech, presenting it as part of efforts to enhance the UK’s status as a global financial hub.
On November 20, Gherson LLP published an analysis on the evolving regulatory landscape for cryptoassets in the UK, highlighting recent legislative efforts aimed at addressing gaps in oversight. Key developments include the Financial Services and Markets Act 2023 and the proposed Property (Digital Assets) Bill.
OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.
On November 6, the UK government issued an updated version of the Property (Digital Assets Etc.) Bill, clarifying its approach to defining digital assets, including crypto tokens, as recognized property under English law. The update aims to provide greater security and clarity for individuals and businesses engaging with digital assets.
Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit."
John Patrick Mullin, CEO of MANTRA, said that Larry Fink’s public endorsement of tokenization has accelerated its adoption at both "startup" and "institutional" levels, though less so in "retail" blockchain use.