Majid Al Futtaim, the world's largest shopping mall operator, has partnered with Binance to accept cryptocurrencies at its malls and other properties. "Majid Al Futtaim is one of the most prestigious companies in the Middle East, with millions of customers each year," Binance's CEO said.
The Al Jalila Foundation, a charitable organization based in the United Arab Emirates, recently announced that it has been granted permission to accept cryptocurrency donations. Accepting cryptocurrencies allows the foundation to receive funds through one of the fastest-growing donation methods, according to its website.
T. Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI), believes that central bank digital currencies could "kill whatever little case there might be" for cryptocurrencies like bitcoin and ether. RBI Deputy Governor T. Rabi Sankar talked about the potential impact of...
According to a Bloomberg report, Japan's parliament passed a legal framework around stablecoins on Friday, providing a safety net for investors following last month's TerraUSD collapse, which resulted in multibillion-dollar losses. The report added that Japan is one of the first major economies to...
The Singapore Monetary Authority (MAS) has teamed up with major banks and financial services firms to investigate asset tokenization and decentralized finance (defi). The first project will be piloted by DBS Bank and JPMorgan. The Monetary Authority of Singapore (MAS), the country's central bank,...
Turkey is said to be working on crypto legislation, which will be presented to parliament in the coming weeks. Some crypto transactions may be subject to taxes under the bill. Bloomberg reported last week that Turkey is drafting a bill to establish new rules...
Following the collapse of cryptocurrency terra (LUNA) and stable coin terra USD, India's central bank, the Reserve Bank of India (RBI), has issued a warning against investing in the crypto market (UST). Governor Shaktikanta Das said, "We have been warning against crypto, and look at what has...
Sumitomo Mitsui Trust, a major Japanese bank, is reportedly planning to enter the cryptocurrency custody business. The company is forming a joint venture with Bitbank, a Tokyo-based cryptocurrency exchange, to launch a new company dedicated to providing institutional-grade custody for digital assets and NFTs.
According to a Press Trust of India report, top officials of India's central bank told a parliamentary committee on finance that cryptocurrency could lead to the "dollarization" of a part of the economy, which could be detrimental to the country's sovereign interests. "Almost all...
Bitcoin has been declared a virtual asset protected by Chinese law by the Shanghai High People's Court. The cryptocurrency has economic value, according to the court. The Shanghai High People’s Court has declared that bitcoin qualifies as a virtual asset protected by Chinese law...