OKX MENA CEO Rifad Mahasneh emphasizes the importance of real-world utility in RWA tokenization as the UAE sees increasing activity and regulatory advancements in the crypto space.
Tag: Policy
Pro-Crypto Democrats Withdraw Support for Stablecoin Bill: Implications and Key Concerns
A group of pro-crypto Democrats in the US Senate have retracted their support for a Republican-backed stablecoin bill, citing unresolved issues related to Anti-Money Laundering (AML), national security, and accountability. Here’s a breakdown of the situation and its potential impact.
KuCoin Eyes South Korea Re-entry After Strengthening Compliance in Major Markets
KuCoin CEO BC Wong outlines plans to re-enter the South Korean market after achieving compliance in key regions like the US and EU, addressing regulatory challenges and competition.
Coinbase Advocates for SEC Staff Crypto Holdings to Enhance Regulatory Understanding
Coinbase is urging the U.S. Office of Government Ethics (OGE) to revise its rule prohibiting SEC staff from holding cryptocurrencies. They argue practical experience with crypto is crucial for effective regulation.
Upbit and Bithumb Suspend Synthetix (SNX) Deposits Amid sUSD Depeg Concerns: A Comprehensive Overview
Leading South Korean crypto exchanges Upbit and Bithumb have halted deposits for Synthetix (SNX) tokens due to concerns raised by DAXA regarding the sUSD stablecoin’s depeg. This article provides a detailed analysis of the situation, potential implications, and Synthetix’s response.