MiCA — or Markets in Crypto Assets — technical standards have been published by the European Banking Authority (EBA) on Thursday. Ahead of the upcoming July deadline, the EBA has published a detailed set of guidelines around technical standards that Web3 firms operating in the region will soon be mandated to adhere to. The aim … Read more
The Bank of England (BoE) is trying to get the sense of how local businesses are viewing and engaging with cryptocurrencies in the UK. In a notable development, the Prudential Regulation Authority (PRA) has issued a directive to local enterprises to disclose their crypto holdings, if any. The PRA is touted as a BOE-affiliated financial … Read more
Stablecoins USDC and EURC have been officially recognised as crypto tokens in Dubai. On February 24, Circle, the issuer of these stablecoins, announced that the Dubai Financial Services Authority (DFSA) has approved USDC and EURC for use within the Dubai International Financial Centre (DIFC). This approval allows firms operating in the DIFC to integrate these … Read more
Microsoft’s $13-billion (roughly Rs. 1,13,164 crore) investment into OpenAI Inc. was cleared by the UK’s antitrust watchdog, ending months of uncertainty over the tie-up. The Competition and Markets Authority said that the 2023 deal doesn’t qualify for a full investigation under merger rules. The CMA said in 2023 it intended to look at whether the partnership gave … Read more