Blockchain DXB: Crypto & Coffee at 8☕ 30th July 👀 SEC approves Grayscale #BTC Mini Trust 🚨 Swiss FINMA guidelines for stablecoin issuers 🟠Qatar Crypto Regulations🔴Hong Kong Legislator #BTC Reserve

30th July: Crypto & Coffee at 8
👀 SEC approves Grayscale #BTC Mini Trust 🚨 Swiss FINMA- guidelines for stablecoin issuers 🟠Qatar Crypto Regulations 🔴Hong Kong Legislator - #BTC Strategic Reserve
👀 The U.S. Securities and Exchange Commission has approved the New York Stock Exchange (NYSE) Arca’s request to list shares of Grayscale Investments’s Bitcoin Mini Trust. Official info here https://rb.gy/bknjlq
⭐ Swiss Financial Market Supervisory Authority FINMA Authority (FINMA) has proposed new guidelines for stablecoin issuers. The proposal comes amid growing concerns over the potential impact of stablecoins on regulated institutions and the broader financial ecosystem. Guidelines here https://shorturl.at/MGLgb Some key points include
- Legal Classification of Stablecoins
- Anti-Money Laundering Regulations
-Banking Law Treatment
- Requirements for the default guarantee
- Requirements for Default Guarantees
- Reputational Risks for Banks
- Federal Council Report
🎙️ Check out Blockchain DXB podcast we explain this in detail and share our commentary on it
⚡ Qatar is shifting its stance on cryptocurrencies and is working towards establishing a regulatory framework for digital assets. The Qatar Financial Centre Regulatory Authority (QFCRA) and the Qatar Financial Centre (QFC) Authority have proposed a digital assets framework to regulate investment tokens backed by tangible assets. The final legislation is expected in Q4 2024, and the QFC has also established a Digital Assets Lab to encourage innovation in the financial and digital asset sectors.Info via Unlock media here https://shorturl.at/LiZEo
🚨 Johnny Ng, a member of Hong Kong’s Legislative Council mentioned via Twitter (X) the need for Hong Kong to discuss the feasibility and opportunities of including Bitcoin in financial reserves with stakeholders and will provide updates on the situation. This is in response to Former U.S. President Trump's speech at the U.S. Bitcoin Summit, sharing his views on Bitcoin. Tweet here https://t.ly/Irfxn
🟠 Two UAE news (See slides)
⚡ PCFC launches Dubai Customs AI Platform to boost innovation and support SMEs
⚡ MBZUAI (Mohamed bin Zayed University of Artificial Intelligence) Opens Six-day Executive AI Programme

For slides click here:  https://t.ly/-vBiK 

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