Dubai Crypto Market Reaches 50 Licensed Firms Under VARA

The Virtual Assets Regulatory Authority (VARA), Dubai’s crypto regulator, has granted its 50th virtual asset service provider (VASP) license.On Monday, VARA said its latest approval went to tokenized assets platform Tribe Tokenisation FZE.The milestone provides one measure of the growth of Dubai’s crypto licensing regime, though license totals alone do…

AI could unleash ‘single greatest productivity revolution’ if Washington avoids overreach: report

FIRST ON FOX: A new report is pushing back on artificial intelligence “doomsday” fears, arguing the technology could unleash one of the biggest productivity booms in American history — unless Washington slows it down with premature regulation. The Unleash Prosperity report, titled “Boomsday Not Doomsday,” argues AI is more than another software tool, saying it could make expertise cheaper, expand access to services and raise living standards.”I would say that, because of AI, we are…

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EBA Unveils Stablecoin Fines Matrix

The European Banking Authority on Friday unveiled a sweeping framework to penalize cryptocurrency issuers that violate the European Union’s digital-asset laws, signaling a tougher enforcement stance as the trade bloc finalizes its historic regulatory architecture.The consultation paper published June 26 establishes a standardized playbook for hitting non-compliant issuers of what…

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