Blockchain DXB: 🔴 05th Feb 🔴 📊Report on Digital Asset Regulation 🔴SEC 'retroactive relief' for past ICO ❗WazirX Offers New Scheme to Creditors 🚨Coinbase Secures License in UK

05th Feb: Blockchain DXB Podcast 🎙️
📊Report on Digital Asset Regulation 🔴SEC 'retroactive relief' for past ICO ❗WazirX Offers New Scheme to Creditors 🚨Coinbase Secures License in UK
🔴White House, Senate, and House Leaders Hosted a Press Conference on Digital Assets. You can watch it here via YouTube https://rb.gy/7cazw2
A bipartisan working group is developing a regulatory framework for digital assets to promote innovation while ensuring consumer protection. Key priorities include:
- Regulatory Clarity
- Stablecoin Legislation
- Bipartisan Collaboration
- Consumer Protection
- Future Plans
❗No Clarity or update on the Bitcoin Reserve
❗The U.S. aims to lead in digital asset regulation with clear, fair, and effective policies. David O. Sacks
🟠 According to SEC Commissioner Hester Peirce, the White House's new Crypto Task Force aims to improve regulatory clarity for digital assets, addressing past criticism of the SEC under ex-Chair Gary Gensle Official info here https://rb.gy/2ap9nm The document focuses on
- Security Status
- Scoping Out
- Coin and Token Offerings
-Registered Offerings
- Special Purpose Broker-Dealer
- Custody Solutions for Investment Advisers
- Crypto-Lending and Staking
- Crypto Exchange-Traded Products
- Clearing Agencies and Transfer Agents
- Cross-Border Sandbox
❗ One can also Engage with the Crypto Task Force via written submissions & The Task Force will consider requests for in-person or virtual meetings
🔥 WazirX Creditors Face Key Vote Officla info via Twitter/X here https://rb.gy/8jalbq Two paths, two very different outcomes.
WazirX exchange lost $230M in a 2024 hack. A Singapore court-approved restructuring to prevent total liquidation.WazirX creditors must vote on a recovery plan:
🟢 Approve → Payouts start April 2025, trading resumes, and recovery tokens are issued.
🔴 Reject → Liquidation, delayed refunds until 2030, lower recovery.
🟠 Coinbase Obtains VASP Registration in the United Kingdom Officially the Financial Conduct Authority (FCA) info here https://rb.gy/vyox9u
This registration will allow Coinbase to offer a better suite of retail, institutional, and ecosystem products and services to users across the UK as the largest registered VASP.
🟠 Two UAE news
⚡ Nestlé Collaborates with Dubai AI Campus to Transform the Future of Product Innovation through AI in the Region
⚡ Saudi AI startup vminds.ai secures six-figure pre-Seed
For slides click here: https://shorturl.at/lxqHK 

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