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Bitcoin adoption in the European Union faces significant challenges due to fragmented regulations across member states. Analysts highlight that this lack of a cohesive regulatory framework hinders the growth and integration of cryptocurrency within the region's financial systems.
Zhao has committed to providing BNB for disaster relief efforts in Thailand and Myanmar. This initiative aims to support communities affected by recent calamities, showcasing a proactive approach to humanitarian aid through cryptocurrency.
Elon Musk announced that the U.S. DOGE Service he oversees plans to implement $1 trillion in annual federal spending cuts. He asserted that these reductions will not negatively impact federal services, despite accounting for nearly half of the government's expenditures outside of Social Security, healthcare, and debt interest.
Marion Laboure, a macro strategist at Deutsche Bank, views President Trump's establishment of a bitcoin reserve as a continuation of ongoing trends in the cryptocurrency sector rather than a groundbreaking move. She expressed concerns about the unknowns surrounding the reserve's operation, including asset selection and quotas, which may have contributed to the market's lukewarm response. Laboure also highlighted the volatility of cryptocurrencies, suggesting that many, aside from bitcoin and ether, are likely to fail.
The Payment Council of India has urged the Prime Minister to reconsider the Zero Merchant Discount Rate (MDR) policy for UPI and RuPay transactions, following a significant reduction in the government’s subsidy for the current fiscal year. They propose reintroducing a 30 basis points MDR for large merchants, aligning it with existing rates for credit and non-Rupay debit cards. Despite the current subsidy limitations, there is optimism that a fee for UPI payments may be implemented for large merchants soon.
Abu Dhabi Global Market (ADGM) has partnered with Chainlink to enhance blockchain regulation and tokenisation frameworks. This collaboration aims to promote regulatory compliance and the utility of tokenised assets, with plans for educational events on blockchain standards and interoperability. ADGM's CEO emphasized the goal of establishing a global benchmark for transparency and security in the blockchain space.
Speculation arose that the IMF recognized Bitcoin as "digital gold" in its updated Balance of Payments Manual, sparking excitement among influencers and investors. However, experts clarify that this interpretation misreads the report, which categorizes Bitcoin as a nonfinancial asset and emphasizes its role in cross-border transactions without endorsing it as a monetary reserve. The IMF's guidelines aim to improve the classification and tracking of crypto assets, reflecting their economic impact rather than elevating Bitcoin to the status of gold.
The International Monetary Fund (IMF) has officially integrated Bitcoin and other digital assets into its global economic reporting framework, redefining their classification in international finance. Under the new Balance of Payments Manual, cryptocurrencies like Bitcoin are categorized as capital assets, while stablecoins are recognized as financial instruments. Additionally, certain cryptocurrencies may be viewed as equity-like assets, and staking rewards could be treated similarly to dividends, reflecting a significant shift in the perception of crypto's role in the global financial system.
Bilal Bin Saqib, CEO of Pakistan’s Crypto Council, proposed utilizing the country's excess energy for Bitcoin mining during the council's inaugural meeting on March 21. The council aims to develop regulatory frameworks for cryptocurrencies to attract foreign investment and position Pakistan as a crypto hub. Key attendees included lawmakers, the Bank of Pakistan's governor, and the chairman of the Securities and Exchange Commission.
Nigeria remains open to cryptocurrency business despite its tumultuous history with digital currencies. The country is navigating the complexities of the crypto landscape, indicating a willingness to embrace innovation while addressing regulatory challenges. This approach reflects a broader trend of adapting to the evolving financial ecosystem.
Crypto Policies and Governance
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bitcoin adoption in eu hindered by fragmented regulations analysts say
16:18 29.03.2025
Zhao commits BNB to support disaster relief in Thailand and Myanmar
00:19 29.03.2025
Musk claims one trillion in spending cuts will not affect federal services
03:17 28.03.2025
deutsche bank strategist views trump bitcoin reserve as continuation of crypto evolution
05:30 26.03.2025
Payments Council calls for reintroduction of MDR on UPI and RuPay transactions
06:06 25.03.2025
adgm partners with chainlink to enhance blockchain regulation and tokenisation
05:08 25.03.2025
IMF report misinterpreted as endorsement of Bitcoin as digital gold
07:30 24.03.2025
imf integrates bitcoin into global economic framework reshaping crypto classification
20:00 22.03.2025
Pakistan Crypto Council proposes Bitcoin mining using excess energy resources
19:02 22.03.2025
Nigeria remains receptive to cryptocurrency ventures despite previous challenges
21:37 21.03.2025
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