The Australian government has just released a draft law aimed at strengthening the regulation of digital asset platforms, bringing crypto businesses under a legal framework similar to traditional financial services.
The law requires licensing, user protection, conflict-of-interest management, and standards for custody and settlement. Platforms that violate the rules may face fines of up to 10% of their revenue, while smaller platforms will be exempt. The law also introduces a flexible mechanism to keep up with technological advances, while legalizing crypto activities and increasing transparency in the market.
#Crypto #Fiat #CryptoRegulation #Blockchain #CryptoMarket #DigitalAssets #CryptoAustralia
The law requires licensing, user protection, conflict-of-interest management, and standards for custody and settlement. Platforms that violate the rules may face fines of up to 10% of their revenue, while smaller platforms will be exempt. The law also introduces a flexible mechanism to keep up with technological advances, while legalizing crypto activities and increasing transparency in the market.
#Crypto #Fiat #CryptoRegulation #Blockchain #CryptoMarket #DigitalAssets #CryptoAustralia
Circle is testing a mechanism to reverse USDC transactions in cases of fraud or hacking. This means that normal transactions will remain final, but in the event of a serious incident, they can use special governance mechanisms or smart contracts to refund victims. This approach combines the benefits of traditional banking with crypto, boosting institutional trust without undermining decentralization principles.
Circle is also developing its own blockchain, Arc, which will use USDC as the native payment token. Arc is scheduled to launch its testnet this fall.
#Crypto #USDC #Stablecoin #Circle #Blockchain #CryptoSecurity #DeFi #ArcBlockchain #DigitalAssets #CryptoNews
Circle is also developing its own blockchain, Arc, which will use USDC as the native payment token. Arc is scheduled to launch its testnet this fall.
#Crypto #USDC #Stablecoin #Circle #Blockchain #CryptoSecurity #DeFi #ArcBlockchain #DigitalAssets #CryptoNews
Tether is raising an additional $20 billion, pushing the companyโs valuation to $500 billion.
If successful, Chairman Giancarlo Devasini will see his net worth soar to $224 billion, making him the 5th richest person in the world โ surpassing Warren Buffett and ranking just behind Elon Musk, Jeff Bezos, Larry Ellison, and Mark Zuckerberg.
Tether remains a crucial player in the crypto industry, yet it is still a company shrouded in mystery. Chances are, many of you may not know much about Giancarlo Devasini โ and for some, this could even be the very first time hearing his name.
#Tether #Crypto #Stablecoin #Fiat #Bitcoin #CryptoNews #Blockchain
If successful, Chairman Giancarlo Devasini will see his net worth soar to $224 billion, making him the 5th richest person in the world โ surpassing Warren Buffett and ranking just behind Elon Musk, Jeff Bezos, Larry Ellison, and Mark Zuckerberg.
Tether remains a crucial player in the crypto industry, yet it is still a company shrouded in mystery. Chances are, many of you may not know much about Giancarlo Devasini โ and for some, this could even be the very first time hearing his name.
#Tether #Crypto #Stablecoin #Fiat #Bitcoin #CryptoNews #Blockchain
โค3
CITI BANK FORECASTS STABLECOIN MARKET TO SURGE TO $4 TRILLION BY 2030
๐น Citiโs base case projects $1.9 trillion, while in an optimistic scenario the market could reach $4 trillion by 2030 โ $1 trillion higher than the U.S. Treasury Secretaryโs own estimate.
๐น Citi believes stablecoins will not harm the banking system but instead enhance the financial system alongside tokenized bank deposits.
๐น The stablecoin market has already surpassed $287 billion as of September, following the U.S. passage of the GENIUS Act, which provides a clear regulatory framework for stablecoins.
๐น U.S. Treasury Secretary Scott Bessent stated that stablecoins could help preserve the global strength of the U.S. dollar, while President Trumpโs administration is making stablecoins a key part of its crypto growth strategy.
๐ More updates: @GlobalCryptosOfficial
๐ GlobalCryptos.trade
๐น Citiโs base case projects $1.9 trillion, while in an optimistic scenario the market could reach $4 trillion by 2030 โ $1 trillion higher than the U.S. Treasury Secretaryโs own estimate.
๐น Citi believes stablecoins will not harm the banking system but instead enhance the financial system alongside tokenized bank deposits.
๐น The stablecoin market has already surpassed $287 billion as of September, following the U.S. passage of the GENIUS Act, which provides a clear regulatory framework for stablecoins.
๐น U.S. Treasury Secretary Scott Bessent stated that stablecoins could help preserve the global strength of the U.S. dollar, while President Trumpโs administration is making stablecoins a key part of its crypto growth strategy.
๐ More updates: @GlobalCryptosOfficial
๐ GlobalCryptos.trade
UNITED NATIONS ADOPTS BLOCKCHAIN TO REFORM ITS PENSION SYSTEM
The United Nations (UN) has implemented blockchain to modernize the UN Joint Staff Pension Fund (UNJSPF), which had relied on manual paper-based processes for over 70 years. The legacy system often led to errors, fraud, and thousands of suspended payments each year.
Since its pilot in 2020 and full rollout in 2021, blockchain has enabled faster and more transparent digital identity verification, streamlined case processing, eliminated risks tied to centralized management, and reduced the need for repeated identity checks.
Research concluded that blockchain is the most effective technology for digital identity verification, opening the door for this model to be shared with other international organizations.
The UN is now exploring expansion of this technology across its entire system, aiming to build it into a โdigital public goodโ โ a secure, scalable, and inclusive digital infrastructure for the future.
โธป
๐ Stay updated with global crypto & blockchain insights
๐ @GlobalCryptosOfficial | ๐ GlobalCryptos.trade
#Blockchain #UN #CryptoNews #DigitalIdentity #Web3 #Fintech #CryptoAdoption #Innovation #DigitalPublicGoods #FutureFinance
The United Nations (UN) has implemented blockchain to modernize the UN Joint Staff Pension Fund (UNJSPF), which had relied on manual paper-based processes for over 70 years. The legacy system often led to errors, fraud, and thousands of suspended payments each year.
Since its pilot in 2020 and full rollout in 2021, blockchain has enabled faster and more transparent digital identity verification, streamlined case processing, eliminated risks tied to centralized management, and reduced the need for repeated identity checks.
Research concluded that blockchain is the most effective technology for digital identity verification, opening the door for this model to be shared with other international organizations.
The UN is now exploring expansion of this technology across its entire system, aiming to build it into a โdigital public goodโ โ a secure, scalable, and inclusive digital infrastructure for the future.
โธป
๐ Stay updated with global crypto & blockchain insights
๐ @GlobalCryptosOfficial | ๐ GlobalCryptos.trade
#Blockchain #UN #CryptoNews #DigitalIdentity #Web3 #Fintech #CryptoAdoption #Innovation #DigitalPublicGoods #FutureFinance
New York City Mayor Eric Adams has suspended his re-election campaign, citing media speculation and campaign finance difficulties.
Although Adams did not explicitly mention cryptocurrency in his announcement, he has been a strong supporter of crypto in New York City. He received his first three paychecks in Bitcoin and spearheaded the cityโs first crypto summit.
At the summit in May, Adams stated:
โI want to reiterate that if you are working in cryptocurrency, blockchain, Web3, or fintech, New York City always welcomes you.โ
#CryptoNews #Bitcoin #Blockchain #Web3 #CryptoNYC #GlobalCryptos
Although Adams did not explicitly mention cryptocurrency in his announcement, he has been a strong supporter of crypto in New York City. He received his first three paychecks in Bitcoin and spearheaded the cityโs first crypto summit.
At the summit in May, Adams stated:
โI want to reiterate that if you are working in cryptocurrency, blockchain, Web3, or fintech, New York City always welcomes you.โ
#CryptoNews #Bitcoin #Blockchain #Web3 #CryptoNYC #GlobalCryptos
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GlobalCryptos: A New Way to Convert Crypto into Cash .
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#GlobalCryptos #CryptoAssets #Cryptocurrency #CashOut #CryptoTrading #CryptoExchange #CryptoCashOut
The person with the highest IQ in the world, YoungHoon Kim, has converted all of his assets into Bitcoin, claiming it is the โonly hope for the future.โ
BTC is a fascinating assetโnot only controversial, but also held by a richly diverse range of investors: the wealthy, ordinary folks, the intelligent, the less-informed, individuals, and institutions alike.
#Bitcoin #Crypto #FutureOfFinance #GlobalCryptos #BTC #Blockchain #InvestSmart
BTC is a fascinating assetโnot only controversial, but also held by a richly diverse range of investors: the wealthy, ordinary folks, the intelligent, the less-informed, individuals, and institutions alike.
#Bitcoin #Crypto #FutureOfFinance #GlobalCryptos #BTC #Blockchain #InvestSmart
๐บ๐ธ SEC Opens the Door for Crypto Custody
๐น The SEC has clarified that investment advisers can now use state-chartered trust companies to custody crypto for clients.
๐น Normally, assets must be held with a qualified custodian such as a bank or federally chartered trust.
๐น Under this new guidance, state-regulated trusts also qualify, as long as advisers conduct due diligence and ensure itโs in the clientโs best interest.
๐น Why it matters:
โข More safe custody options for crypto.
โข Firms like Coinbase, Ripple (via Standard Custody), BitGo, and WisdomTree may now be recognized as qualified custodians.
๐ While not yet permanent law, this provides much-needed clarity for funds and managers today.
#Crypto #Bitcoin #Ethereum #Blockchain #CryptoCustody #SECGuidance #GlobalCryptos
๐น The SEC has clarified that investment advisers can now use state-chartered trust companies to custody crypto for clients.
๐น Normally, assets must be held with a qualified custodian such as a bank or federally chartered trust.
๐น Under this new guidance, state-regulated trusts also qualify, as long as advisers conduct due diligence and ensure itโs in the clientโs best interest.
๐น Why it matters:
โข More safe custody options for crypto.
โข Firms like Coinbase, Ripple (via Standard Custody), BitGo, and WisdomTree may now be recognized as qualified custodians.
๐ While not yet permanent law, this provides much-needed clarity for funds and managers today.
#Crypto #Bitcoin #Ethereum #Blockchain #CryptoCustody #SECGuidance #GlobalCryptos
๐ฌ๐ง Analysis of GlobalCryptos Transaction Procedure โ Anti-Fraud Measures
โ Step 1: In-Person Meet-Up
โข Both parties meet at a secure location (office, cafรฉ, or fixed point).
โข Prevents impersonation and online scams.
๐ Anti-fraud meaning: ensures right person โ right place โ direct verification.
โ Step 2: Wallet Verification
โข GlobalCryptos staff verifies the wallet address face-to-face.
โข Eliminates risk of fake or scam wallet addresses.
๐ Anti-fraud meaning: prevents scammers from tricking clients into sending to the wrong wallet.
โ Step 3: Test Transfer (10 USDT)
โข Seller sends only 10 USDT first.
โข Staff confirms receipt and shows proof.
๐ Anti-fraud meaning: ensures wallet is valid before sending the full amount, avoiding โtotal loss.โ
โ Step 4: Cash Counting
โข After test success, staff counts the full cash amount in front of both parties.
โข Seller verifies authenticity and amount of cash.
๐ Anti-fraud meaning: prevents underpayment, counterfeit, or missing cash.
โ Step 5: Full Transfer
โข Only after confirming the cash, the seller sends the remaining USDT.
๐ Anti-fraud meaning: protects the seller from sending crypto without seeing the money.
โ Step 6: Completion
โข Once full USDT is received, the seller gets full cash.
โข Both parties confirm the deal is completed.
๐ Anti-fraud meaning: ensures no one holds both cash and crypto at the same time.
๐ก๏ธ Conclusion:
This step-by-step process protects both seller and buyer, balancing risk and ensuring transparent, secure, scam-free transactions.
โ Step 1: In-Person Meet-Up
โข Both parties meet at a secure location (office, cafรฉ, or fixed point).
โข Prevents impersonation and online scams.
๐ Anti-fraud meaning: ensures right person โ right place โ direct verification.
โ Step 2: Wallet Verification
โข GlobalCryptos staff verifies the wallet address face-to-face.
โข Eliminates risk of fake or scam wallet addresses.
๐ Anti-fraud meaning: prevents scammers from tricking clients into sending to the wrong wallet.
โ Step 3: Test Transfer (10 USDT)
โข Seller sends only 10 USDT first.
โข Staff confirms receipt and shows proof.
๐ Anti-fraud meaning: ensures wallet is valid before sending the full amount, avoiding โtotal loss.โ
โ Step 4: Cash Counting
โข After test success, staff counts the full cash amount in front of both parties.
โข Seller verifies authenticity and amount of cash.
๐ Anti-fraud meaning: prevents underpayment, counterfeit, or missing cash.
โ Step 5: Full Transfer
โข Only after confirming the cash, the seller sends the remaining USDT.
๐ Anti-fraud meaning: protects the seller from sending crypto without seeing the money.
โ Step 6: Completion
โข Once full USDT is received, the seller gets full cash.
โข Both parties confirm the deal is completed.
๐ Anti-fraud meaning: ensures no one holds both cash and crypto at the same time.
๐ก๏ธ Conclusion:
This step-by-step process protects both seller and buyer, balancing risk and ensuring transparent, secure, scam-free transactions.
TOKENIZATION OF ASSETS WILL BECOME A GLOBAL TREND
๐น Robinhood CEO Vlad Tenev said tokenization is an โunstoppable bullet train.โ
๐น Robinhood is currently issuing U.S. stocks in tokenized form directly on the Arbitrum blockchain but plans to move to its own Layer 2. Over 200 tickers have already launched in the EU, and this region is likely to lead the trend since the U.S. market is too large and complex.
๐น The Robinhood CEO predicts that tokenization will become the default approach to stocks globally within the next five years, with BlackRock and Morgan Stanley also joining the movement.
#Tokenization #Blockchain #Robinhood #DigitalAssets #BlackRock #MorganStanley #CryptoTrends #GlobalFinance #TokenizedStocks #FutureOfFinance
๐น Robinhood CEO Vlad Tenev said tokenization is an โunstoppable bullet train.โ
๐น Robinhood is currently issuing U.S. stocks in tokenized form directly on the Arbitrum blockchain but plans to move to its own Layer 2. Over 200 tickers have already launched in the EU, and this region is likely to lead the trend since the U.S. market is too large and complex.
๐น The Robinhood CEO predicts that tokenization will become the default approach to stocks globally within the next five years, with BlackRock and Morgan Stanley also joining the movement.
#Tokenization #Blockchain #Robinhood #DigitalAssets #BlackRock #MorganStanley #CryptoTrends #GlobalFinance #TokenizedStocks #FutureOfFinance
Reeve Collins, co-founder of Tether, predicted that by 2030, all forms of money โ including the dollar, euro, and yen โ will exist as stablecoins on the blockchain. Stablecoins will become the main medium for money transfers thanks to being faster, more transparent, and more convenient than traditional finance.
He emphasized that the U.S. policy shift toward crypto has paved the way for banks and major corporations to participate by issuing their own stablecoins. In the future, CeFi and DeFi will converge, creating hybrid applications for lending, investing, and money transfers.
#Stablecoin #CryptoNews #Blockchain #CeFi #DeFi #DigitalAssets #FutureOfFinance #Web3 #CryptoAdoption
He emphasized that the U.S. policy shift toward crypto has paved the way for banks and major corporations to participate by issuing their own stablecoins. In the future, CeFi and DeFi will converge, creating hybrid applications for lending, investing, and money transfers.
#Stablecoin #CryptoNews #Blockchain #CeFi #DeFi #DigitalAssets #FutureOfFinance #Web3 #CryptoAdoption
Samsung partners with Coinbase to integrate Coinbase One directly into Samsung Wallet
This rollout gives 75 million Galaxy users in the U.S. access to the following benefits:
โข Zero trading fees
โข Increased staking rewards
โข No need to install separate apps or transfer funds between platforms
Samsung Pay is also linked to Coinbase accounts, enabling crypto payments directly within the wallet, alongside bank cards, transit passes, and IDs.
The service will launch first in the U.S. and expand to international markets in the near future.
#Samsung #Coinbase #SamsungWallet #CryptoPayments #Staking #Blockchain #Galaxy #Fintech #CryptoNews
This rollout gives 75 million Galaxy users in the U.S. access to the following benefits:
โข Zero trading fees
โข Increased staking rewards
โข No need to install separate apps or transfer funds between platforms
Samsung Pay is also linked to Coinbase accounts, enabling crypto payments directly within the wallet, alongside bank cards, transit passes, and IDs.
The service will launch first in the U.S. and expand to international markets in the near future.
#Samsung #Coinbase #SamsungWallet #CryptoPayments #Staking #Blockchain #Galaxy #Fintech #CryptoNews
Forwarded from GlobalCryptos.Trade ๆฅๆฌ่ช
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#GlobalCryptos #ๆๅท่ณ็ฃ #ไปฎๆณ้่ฒจ #็พ้ๅ #ใฏใชใใๅๅผ #ๆๅทไบคๆ #ใฏใชใใ็พ้ๅ
๐ฌ๐ง UK LIFTS BAN ON CRYPTO ETN TRADING FOR RETAIL INVESTORS
The UKโs Financial Conduct Authority (FCA) will lift its 2019 ban on Exchange-Traded Notes (ETNs) for individual investors starting next week.
๐ธ BlackRock is preparing to launch its iShares Bitcoin ETN, with retail trading expected to begin around October 8.
๐ธ Bitwise and CoinShares are also planning to enter the UK market, calling it a major step forward in expanding investor access.
๐ก Both ETFs and ETNs fall under the broader category of ETPs (Exchange-Traded Products), but they differ in key ways:
โข ETF: Holds real assets such as Bitcoin.
โข ETN: A debt instrument issued by a company, tracking a price index.
โข Unlike ETFs, ETNs carry double risk โ exposure to market volatility and potential loss if the issuer becomes insolvent.
#CryptoNews #UKCrypto #ETN #ETF #BitcoinETN #BlackRock #Bitwise #CoinShares #CryptoInvesting #FinancialMarkets #BlockchainNews
The UKโs Financial Conduct Authority (FCA) will lift its 2019 ban on Exchange-Traded Notes (ETNs) for individual investors starting next week.
๐ธ BlackRock is preparing to launch its iShares Bitcoin ETN, with retail trading expected to begin around October 8.
๐ธ Bitwise and CoinShares are also planning to enter the UK market, calling it a major step forward in expanding investor access.
๐ก Both ETFs and ETNs fall under the broader category of ETPs (Exchange-Traded Products), but they differ in key ways:
โข ETF: Holds real assets such as Bitcoin.
โข ETN: A debt instrument issued by a company, tracking a price index.
โข Unlike ETFs, ETNs carry double risk โ exposure to market volatility and potential loss if the issuer becomes insolvent.
#CryptoNews #UKCrypto #ETN #ETF #BitcoinETN #BlackRock #Bitwise #CoinShares #CryptoInvesting #FinancialMarkets #BlockchainNews
From Nairobi (Kenya) to Lagos (Nigeria), people across Africa are increasingly using stablecoins like USDT and USDC to fight inflation, reduce international remittance fees, and make payments through mobile wallets such as M-Pesa. Stablecoins have become a daily tool for saving, payments, business transactions, and imports.
In Nigeria, the average international remittance fee is around 8.45%, while digital services reduce it to about 4%, saving a significant amount on transfers between $200 and $1,000 โ especially for households and small businesses. Across the region, stablecoins account for roughly 40โ43% of total crypto transaction volume, with Tron being the most popular network for transferring USDT thanks to its low fees and high speed.
#Stablecoin #USDT #USDC #AfricaCrypto #Nigeria #Kenya #Tron #Blockchain #CryptoAdoption #DigitalFinance #Fintech #Remittance
In Nigeria, the average international remittance fee is around 8.45%, while digital services reduce it to about 4%, saving a significant amount on transfers between $200 and $1,000 โ especially for households and small businesses. Across the region, stablecoins account for roughly 40โ43% of total crypto transaction volume, with Tron being the most popular network for transferring USDT thanks to its low fees and high speed.
#Stablecoin #USDT #USDC #AfricaCrypto #Nigeria #Kenya #Tron #Blockchain #CryptoAdoption #DigitalFinance #Fintech #Remittance