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Abu Dhabi is anchoring Bitcoin for institutions, while Dubai builds payments, stablecoins and Web3 use cases into daily commerce. The United Arab Emirates is not choosing between Bitcoin and broader crypto. Instead, it is deliberately building both, in different cities and for different stages of adoption. Abu Dhabi, the capital of the UAE, has positioned itself as a hub for...
The shares of both bitcoin-related firms are posting modest early gains Wednesday, but remain sharply lower over the past several days. What to know: American Bitcoin (ABTC) added 416 bitcoin in the past week, raising its holdings to 4,783 coins. ProCap Financial (BRR) — whose SPAC merger was completed last week — marginally lifted its holdings to 5,000 bitcoin. ...
Japan plans to move crypto regulation from payments law to securities rules, tightening disclosures for IEOs and cracking down on unregistered platforms. Japan’s financial regulators are preparing to move crypto asset oversight out of the country’s payments regime and into a framework designed for investment and securities markets. The Financial Services Agency (FSA) on Wednesday released a comprehensive report from the Financial...
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