The US Treasury is proposing stricter regulations for nonbank institutions due to concerns about their potential to pose a systemic risk to the country's financial stability. Nonbank institutions are defined as financial entities that provide specific financial services but do not hold a bank licens

As the US dollar's hegemony wanes, Asia is growing in popularity as a sanctuary for cryptocurrency investors because of its more competitive rules and investment prospects.Source: insidearabia.comIt seems like there is new news showcasing the U.S. dollar's declining role as the world's reserve curre

This Week Saw a Surge in Non-Fungible Token (NFT) Sales Despite Volatility in the Crypto MarketIn the face of cryptocurrency market turbulence, NFT sales demonstrated strength by increasing 7.74% in weekly sales, resulting in a total of $181.82 million. Moreover, the number of NFT buyers grew by 41%

The European Parliament has taken a significant step towards regulating the crypto-asset market with the approval of the first-ever EU legislation for tracking crypto-asset transfers. The new legislation aims to deter money laundering and establish standard supervision and consumer protection guidel

A new stablecoin tethered to the euro received scathing criticism from certain commentators, however, it is now unavailable to the public.Source: cryptodaily.co.ukDue to the decision to limit peer-to-peer transactions, a new euro-pegged stablecoin launched in France has come under fire. The Ethereum

What Does the Approval of MiCA by the European Parliament Mean for the Future of the Crypto Industry in the EU?The Markets in Crypto-Assets (MiCA) regulation has been approved by the European Parliament to regulate the crypto industry in EU member countries. This is a significant advancement because

Curtailing SOL's Price Breakout: Insights from Analysis of On-Chain and Derivatives Data for Solanahttps://www.fameex.com/en-AU/news/crypto-trending-news-2023042003Solana witnessed two favorable developments as the Saga smartphone, running on the Solana blockchain, was launched to positive reviews d

Solana, a blockchain ecosystem, has recently been in the spotlight due to several developments that have impacted the price of its native cryptocurrency, SOL. While some of these developments are positive, such as the launch of Saga, a new mobile phone that runs on Solana, others have raised concern

Political parties were unable to come to an agreement on a stablecoin law, and one witness cautioned that this lack of legislative certainty might force some ventures outside.Source: www.canarianweekly.comIn a committee meeting, US lawmakers considered stablecoins, although several experts voiced wo

Hong Kong Judge Joins Worldwide Trend by Declaring Crypto Assets as 'Property'https://www.fameex.com/en-AU/news/crypto-trending-news-2023042001Crypto assets have been classified as "property" by Judge Linda Chan in Hong Kong, providing clarity for officials, regulators, and other common law jurisdic