The BRC-20 standard (BRC stands for Bitcoin Request for Comment) was introduced in April to allow users to issue transferable tokens directly through the network for the first time. The tokens, called inscriptions, function on […]
MAS’ Orchid Blueprint sets out the technology infrastructure required for digital money transfers in the future, and a new set of four trials involving industry players looks to test various components. One, looking at tokenized […]
“Bitcoin will reach $40,000 – if not even $45,000 – by the year’s end,” Thielen said in a note shared with CoinDesk, citing options market positioning and dovish Federal Reserve (Fed) expectations as catalysts for […]
A letter by a bipartisan group of U.S. lawmakers has urged the U.S. Treasury to revise its proposed digital-assets taxation regime. Source link
The in-principle approval for a new Paxos Digital Singapore Pte. Ltd. entity from the Monetary Authority of Singapore allows the firm to offer its services to customers under the Payments Services Act (PSA) while awaiting […]
The new rules also require companies to give advance for token de-listings and to be more transparent with their customers about removing support for cryptocurrencies they once listed. In addition, the companies must formulate their […]
Fast forward two years and fears about the broker definition have come true. It’s clear that the Treasury decided to broaden the scope of what it deems a broker irrespective of the statutory language set […]
Remittances are one of the most compelling use cases for stablecoins, offering fast, non-stop settlements and cheap transactions using blockchains as payment rail. Source link
In Europe and the U.S., there are a host of initiatives placing new requirements on participants in digital asset markets to report on transactions and meet other new provisions. Source link
LAYER 2’S EVERYWHERE: In last week’s The Protocol, we dedicated a not-inconsiderable quantity of ink to the fast-growing list of new “layer 2” blockchains aiming to provide a venue for fast and speedy transactions atop […]
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