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Business

Nigeria’s SEC to issue first VASP license this month: report
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22 August, 2024

Nigeria’s SEC to issue first VASP license this month: report

SEC Chair Emomotimi Agama says that he is committed to “supporting the youth” by regulating a digital asset space whose...
Binance lawsuit targets exchange as ‘get-away driver’ for bad actors
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22 August, 2024

Binance lawsuit targets exchange as ‘get-away driver’ for bad actors

Binance has been hit with various complaints and settlements in different jurisdictions, with a civil lawsuit filed at the U.S....
Nigeria’s Lagos state targets real estate tokenization to boost revenue
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22 August, 2024

Nigeria’s Lagos state targets real estate tokenization to boost revenue

The wealthiest state in Nigeria, Lagos, has pledged $300,000 to tokenize real estate, widening the investor base by availing fractional...
Colorado church eyes tokenization to raise funds for $2.5 million chapel
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22 August, 2024

Colorado church eyes tokenization to raise funds for $2.5 million chapel

To achieve the task of tokenization, the Colorado House of Prayer launched its digital asset called "Stone Coin" on Polymesh's...
Dubai court recognizes employees’ right to receive salary in digital assets
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22 August, 2024

Dubai court recognizes employees’ right to receive salary in digital assets

The Dubai Court held that employees are entitled to receive compensation in both fiat and digital currencies subject to the...
China supreme court adds ‘virtual assets’ to anti-money laundering law
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21 August, 2024

China supreme court adds ‘virtual assets’ to anti-money laundering law

China's Supreme People's Court and the Supreme People's Procuratorate announced that under the new interpretation of the law, "virtual asset"...
Tokenized shares in trading cards? CardShares and SmartLedger build platform with wide-ranging potential
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21 August, 2024

Tokenized shares in trading cards? CardShares and SmartLedger build platform with wide-ranging potential

CardShares has developed a blockchain-based market that can fractionalize ownership of rare cards, allowing investors to acquire 20% shares in...
Tokenized deposits gaining traction in India, central bank says
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21 August, 2024

Tokenized deposits gaining traction in India, central bank says

Michael Debabrata Patra, deputy governor of the RBI, believes that tokenized deposits have various use cases in cross-border and domestic...
DBS streamlines liquidity management with new blockchain token
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21 August, 2024

DBS streamlines liquidity management with new blockchain token

The "DBS Treasury Tokens" are expected to revolutionize liquidity management for global corporations while optimizing internal and external processes.
New York’s financial regulator seeks digital currency, AI expert for policy unit
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20 August, 2024

New York’s financial regulator seeks digital currency, AI expert for policy unit

The role falls under the NYDFS's Innovation Policy Unit, and successful applicants are expected to conduct both qualitative and quantitative...
California waters down AI safety bill to appease industry opposition
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20 August, 2024

California waters down AI safety bill to appease industry opposition

With input from Anthropic, lawmakers proceeded with the amendments to the SB-1074 bill, including limiting enforcement penalties and criminal perjury...
Fugitive Christen Ager-Hanssen bankrupted by UK court order
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20 August, 2024

Fugitive Christen Ager-Hanssen bankrupted by UK court order

A U.K. court has reportedly dismissed Christen Ager-Hanssen’s attempt to bargain for more time to pay the roughly £95,000 debt...