Abu Dhabi’s Financial Free Zone Proposes Legal Framework for Decentralized Economy
The proposals target projects built on distributed ledger technology to provide clarity on governance structures and disclosures.
Policy
Prosecutors Seek Seven-Year Prison Sentence for Reggie Fowler in Crypto Shadow Bank Case
The former footballer pleaded guilty to bank and wire fraud charges over operating Crypto Capital Corp., the shadow bank that lost Bitfinex’s millions.
EU’s Crypto Licensing Regime Set for Approval as Lawmakers Signal Support
Leaders of the European Parliament’s largest political groupings indicated they’ll support the landmark MiCA law ahead of a vote Thursday
Hong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin
The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.
UAE Securities Regulator to Start Accepting License Applications From Crypto Firms
The regime applies to all companies seeking to provide services in the country, unless already licensed in financial free zones in the United Arab Emirates.
SEC Warned Bittrex of Legal Action Before Firm Announced U.S. Exit: WSJ
The crypto exchange is set to shut down its U.S. platform on April 30 after nine years in operation.
U.S. House Committee Publishes Draft Stablecoin Bill
The stablecoin is the first major piece of crypto legislation in 2023.
NovaWulf Plans to Tokenize Equity of Celsius’ New Firm With $2B Assets, After Takeover
Celsius Network contacted 130 interested parties and signed non-disclosure agreements with 40, before choosing NovaWulf.
London Stock Exchange Unit to Clear Bitcoin Index Futures, Options
LCH said its partnership with trading venue GFO-X shows its commitment to the growing crypto asset class
EU’s MiCA Vote Likely Delayed by One Day Without Further Changes
The landmark crypto licensing framework and funds transfer rules will likely be rubber-stamped next week as last-minute upsets now seem unlikely.