Abu Dhabi Proposes Framework for Fiat-Referenced Tokens
Fiat-referenced tokens are stablecoins backed by liquid assets denominated in the same currency as the token.
Fhumulani Lukoto holds a Bachelors Degree in Journalism enabling her to become the writer she is today. Her passion for cryptocurrency and bitcoin started in 2021 when she began producing content in the space. A naturally inquisitive person, she dove head first into all things crypto to gain the huge wealth of knowledge she has today. Based out of Gauteng, South Africa, Fhumulani is a core member of the content team at Coin Insider.
Fiat-referenced tokens are stablecoins backed by liquid assets denominated in the same currency as the token.
The Salvadoran government plans to enhance the skills of 80,000 employees through a thorough Bitcoin certification program.
The recent ruling marks a notable shift in the legal acknowledgement of cryptocurrencies, aligning the UAE with global developments.
The FIRS's effort to regulate crypto and modernise tax laws aligns with a broader movement in Nigeria to embrace and manage digital assets.
The Bank of Ghana has introduced draft guidelines to regulate digital assets, focusing on exchanges and consumer protection measures.
Specific individuals had utilised subsidised electricity to run crypto-mining operations, adding further strain to the power grid.
US stablecoin leader Circle announced that the tap-to-pay functionality for USDC will be available on iPhones "soon."
According to the firm's CMO, engaging with sports fans has added at least 100 million new users to Crypto.com.
At the Blockchain Futurist Conference, CIRO executive shared her views on the regulatory guidelines impacting Canadian stablecoin users.