The United States Internal Revenue Service (IRS) is considering a proposal that would have sweeping consequences for the cryptocurrency industry. The IRS is proposing an initiative under Section 6045 of the tax code to establish new tax rules for the treatment of cryptocurrency providers. Specifically, the agency is seeking to amend the law to expand the definition of “brokers” to include nearly all crypto-service providers — including, for instance, decentralized exchanges (DEXs) and wallet providers. The IRS's move to redefine “broker” is not just a regulatory tweak but a fundamental shift that could reshape the entire U.S. Example of a Form 1099-MISC. Source: Glassnode For users and investors in the cryptocurrency space, this change could translate into increased reporting and compliance obligations — rolling back the anonymity and flexibility they currently offer users. The move would be a decisive step toward bringing the world of digital assets in line with traditional financial systems in terms of regulatory oversight and transparency. Read more

🥹How To Become An Expert Scalper 🫣 🫵Becoming an expert scalper in the world of trading requires dedication, practice, and a few key strategies 📈💼. 🫴Here are some steps to help you on your journey to mastering this fast-paced trading style: 🤌 Invest time in learning about various indicators and chart patterns. Choose the Right Broker 🏦: Select a reputable broker with low spreads and high execution speed. A reliable platform is essential for successful scalping. Develop a Scalping Strategy 📊*: Craft a trading plan that suits your risk tolerance and financial goals. Scalping involves making numerous small trades, so a well-defined strategy is crucial. Practice, Practice, Practice 🔄*: Open a demo account to hone your skills without risking real money. Scalping demands split-second decisions, and practice will help you improve your timing. Manage Risk 🛡️: Use stop-loss orders to protect your capital and set realistic profit targets for each trade. Never risk more than you can afford to lose. Stay Informed 🌐: Keep a close eye on economic news and events that can impact the markets. Scalpers need to be aware of sudden price movements. Master Timing ⏰*: Scalping is all about entering and exiting the market swiftly. Focus on your timing, and be prepared to adapt to changing market conditions. Control Your Emotions 🧘‍♂️**: Scalping can be stressful. Stay disciplined and avoid making impulsive decisions based on fear or greed. Use Technology Wisely 📱*: Utilize trading tools, such as trading platforms and software, to streamline your scalping activities. Keep a Trading Journal 📓*: Record your trades, including entry and exit points, reasons for the trade, and results. This will help you learn from your experiences. Remember, becoming an expert scalper takes time, and you'll encounter both wins and losses along the way. Stay patient, committed, and continually refine your skills. 🚀💰 Happy scalping! #crypto2023 #BinanceSquare #BTC #ETH

🌐Coinbase has warned some users about the subpoena it received from the US. The CFTC involved crypto exchange Bybit. Specific content was not disclosed. Bybit is currently the third largest offshore cryptocurrency exchange after Binance and OKEx. Other federal agencies have requested subpoenas regarding crypto-related issues. Payments giant PayPal said earlier this month that it received a subpoena from the Securities and Exchange Commission related to its PayPay USD stablecoin. Coinbase itself has faced regulatory scrutiny from the Securities and Exchange Commission after being sued in June for allegedly operating illegally as an exchange, broker and clearing house. Shortly before, the SEC sued Binance on similar charges, but also included accusations that the exchange lied to customers and misdirected capital to a separate investment fund owned by former CEO Changpeng Zhao. The CFTC has certain authorities to conduct investigations, including through voluntary statements and subpoenas, in accordance with its law enforcement guidelines. The law also requires Coinbase to collect information, including matters involving subpoenas, the exchange said in a post in May. #BinanceTournament #BTC #link #etf #USTC 👉Follow, Like, Comment & Share 💖

Who doesn’t like free stuff? Well, those who like cryptocurrency can get their freebies, too. A number of websites offer free cryptocurrency to consumers, and all it takes to get started is a bit of initiative.  With crypto’s penchant for price swings, you may get more than you bargained for. And some sites may also offer cash or NFTs, which could be transformed into crypto. Here’s how you can earn free cryptocurrency and what to look for. Sign Up With An Exchange Lots of crypto exchanges will put some crypto in your wallet if you sign up as a client (just as brokerages will give you cash if you sign up as a client.) You may want to pick the best available option, although it could be worth your time to earn them all.  The good news is that this is among the safest options if you’re looking to score free coins, though you’ll need to put up some yourself. Some of the exchanges offering free crypto include Coinbase, Gemini, and Crypto.com  From time to time other exchanges add promotions or provide time-sensitive bonuses, so stay on the lookout for those additional opportunities. Crypto Staking Staking your crypto can help you earn a continual source of income, and that can be especially advantageous if you’re a long-term buy-and-hold investor or looking to stack up some coins. The rewards vary from coin-to-coin, but those for more speculative coins tend to be higher. Some cryptocurrencies use a “proof-of-stake” protocol to validate and manage their decentralized system.  That gives those who own the digital currency a chance to participate as a validator and earn income through staking their coins. You’ll support the infrastructure, get to hold your coin while doing so and even earn some income, too. The Securities and Exchange Commission has challenged some staking programs as being unregistered securities offerings, which are illegal. Kraken agreed to end its staking program in early 2023 as part of a settlement with the SEC. See Also: Industry Expert Travis Kling Calls Justin Sun a Criminal, Urges His Removal From Crypto Free NFTs A non-fungible token, or NFT, is a kind of digital asset or artwork. Technically, NFTs aren’t cryptocurrency, but you can trade them for crypto quickly. So how do you get free NFTs in the first place? There are giveaways for those, too. If you’re on the hunt for NFTs, you have a couple good avenues. First, many new crypto projects offer NFTs as a type of “invite bonus” to their top supporters.  You could follow a new crypto on its Discord channel with the hope of participating in an invite bonus pool for the people who drive the most traffic to the channel. Another alternative is to search Twitter regularly for NFTs giveaways, which may be offered for retweeting and promoting the project itself. A retweet could get you a chance to win an NFT. Of course, NFT giveaways can create some tax issues, so be aware of those. Learn and Earn Some websites offer you the chance to learn about cryptocurrency and earn a little bit of it at the same time. You may need to watch some videos, take a short quiz and pass to earn the bonus. Coinbase Earn is one site that offers rewards for learning about crypto, but others such as CoinMarketCap.com also provide an opportunity to rack up free rewards. The thing with these “learn and earn” promos, however, is that you may not always get the cryptocurrency you want. The Securities and Exchange Commission sued Coinbase in June 2023, alleging it had illegally operated as an exchange, broker-dealer and clearing agency, and offered and sold unregistered securities.  The lawsuit said Coinbase knowingly violated securities laws that are designed to protect investors. Coinbase said it would continue to operate its business as usual. Crypto Savings Account Looking to combine an easy way to earn interest with cryptocurrency?  A crypto savings account lets you earn interest on your holdings while you continue to enjoy their potential rise. And the initial interest rates you receive can be much better than with traditional banking accounts. One option here is Crypto.com’s savings account, which offers a tiered-rate structure. That means the more you have deposited, the lower your interest rate.  High-flying coins such as Bitcoin and Ethereum may offer an annual return of a few percent, whereas stablecoins might offer several percent higher interest, helping to make those a more attractive place to hold your money. Crypto Lending Take your cryptocurrency game to the next level and lend money to borrowers and earn interest on the transaction. It’s called decentralized finance, or DeFi, and you can use the power of digital currency and decentralized apps to earn money through peer-to-peer lending. Regardless of which lending platform or currency you use, however, you’ll want to be careful that the potential borrower can repay the money you’ve lent. Additionally, it may make sense to fund many smaller loans or fund them in connection with other lenders, to help reduce the risk. If you go this route, however, it’s important that you work with a well-established platform. Get Cash From A Brokerage Even a few traditional brokerages offer promotions from time to time. However, these bonuses are typically paid in U.S. dollars, but then could be converted immediately to crypto on the platform. Is that reaching too much on the premise of this article?  Maybe, but you’ll end up with crypto in your wallet all the same. One place to begin here is eToro, which operates as a crypto exchange in the U.S., though it’s a traditional broker in other countries. The broker offers a referral bonus to you and your friend if your friend signs up and makes a deposit. Other traditional brokers that offer crypto trading such as TradeStation may run promotions from time to time, too. Then just trade cash for crypto. Participate In An Airdrop The developers of a new cryptocurrency may do an airdrop – a giveaway – of their new coin in order to hype it and generate more interest and excitement around it. You may have to do a few things to have the potential of receiving new coins, such as follow the crypto project on social media, track it on a Discord channel or otherwise support the project. However, it’s worth noting that many airdrops are scams and, even if they do deliver you some coins, those coins may end up being worthless. That worthlessness may be good for tax purposes – since you won’t owe much, if any, taxes – but it does nothing for your wealth. Crypto Credit Cards If you already have regular cash-back credit cards, it can be easy to make the leap to crypto rewards cards and enjoy crypto in exchange for your purchases. These credit cards may offer rewards on purchases in the form of Bitcoin or other popular altcoins. And other spending bonuses may be available as well. One option here is the credit card from Gemini. Of course, the same caveats apply to these cards as they do other credit cards: Don’t run up a huge credit card bill trying to get the relatively modest rewards. See Also: Dogecoin Boasts of 5M Addresses, 168,000 Daily Active Addresses, Indicating Massive Adoption Take Surveys It sounds a bit like an old internet game with a new trick: Take a survey and get some cash. But this time, the cash is crypto. And that’s what some sites allow you to do these days. One entrant here is Freecash, which offers up surveys, games or other paid offers every day. While you can get your payouts in cryptocurrency, you could also take them as dollars or even gift cards. The site may feel a bit too “bells and whistles,” but you can still earn free crypto. Browse The Web Looking for a crypto that you earn while you browse the web? The Brave browser may be for you. You’ll earn the Basic Attention Token cryptocurrency for using the browser as long as you have the Brave Rewards program turned on. Brave blocks the typical ads and cookies, but still gives you the option to see some ads in exchange for cryptocurrency. The program is available in most countries, and the company shares 70 percent of ad revenue with users, it says. Payouts are made once a month. It’s something you’re doing anyway, so maybe it makes sense to get paid to browse. Watch Out For Scams The world of cryptocurrency is already rife with scams, and the tales of crypto scams have already been legion for years. That situation can even be worse in the world of free giveaways. That’s because scammers love to prey on those looking for a giveaway on the next big thing. So it pays to be on your guard when you’re looking for free cryptocurrency. Some crypto scams such as airdrops or initial coin offerings (ICOs) have high potential to be total frauds.  Run away from any promotion that asks for your login credentials or private keys to a crypto wallet. Meanwhile, ICOs may have you trade your legit coins for a coin of dubious value. As usual, if the freebie sounds too good to be true, it probably is. Conclusion  If you’re looking to earn free cryptocurrency, you have a number of options, from the usual suspects at brokerages and exchanges offering freebies to the unusual, such as airdrops and surveys. As you work through your free options, however, make sure you’re working with a reputable partner or it just may be them who gets your cryptocurrency for free. Disclaimer: Investors are advised that past investment product performance is no guarantee of future price appreciation. Bitcoinworld.co.in holds no liability for any action made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. The post How To Earn Free Cryptocurrency appeared first on BitcoinWorld.

Coinbase, a major cryptocurrency exchange, has informed certain users about a subpoena it received from the U.S. Commodity Futures Trading Commission (CFTC). The subpoena relates to another crypto exchange, Bybit. This information, initially emerging from emails circulated by Coinbase and subsequently posted on social media platforms, has been confirmed by a person familiar with the situation in communication with The Block. Regulatory scrutiny in the crypto industry The content of the email from Coinbase to its users underscores the regulatory complexities facing cryptocurrency exchanges. According to the email, Coinbase is obliged to respond to the subpoena unless a motion to quash or an objection to the subpoena is filed with the court by November 30, 2023. This move may involve Coinbase disclosing information regarding user accounts to the CFTC. The CFTC, which possesses the authority to conduct investigations through various means, including subpoenas, has not commented on the matter. Similarly, Bybit, led by CEO Ben Zhou and headquartered in Dubai, has declined to comment. Coinbase’s policies, as outlined in a May post, require the exchange to collect and disclose information in response to legal obligations. This includes compliance with laws, regulations, law enforcement requests, governmental and other legal requisitions, court orders, and disclosures to tax authorities. The current situation with the CFTC subpoena falls under this policy framework. Wider context of regulatory actions This development is part of a broader trend of regulatory actions targeting the cryptocurrency industry. Recently, PayPal, the payments giant, disclosed that it received a subpoena from the U.S. Securities and Exchange Commission (SEC) concerning its PayPal USD stablecoin. This indicates an increasing interest and scrutiny by federal agencies in the activities of cryptocurrency firms. Coinbase itself is not new to regulatory scrutiny. In June, it faced a lawsuit from the SEC, alleging illegal operation as an exchange, broker, and clearing agency. This lawsuit came in the wake of similar charges against Binance, which also included accusations of misleading customers and inappropriate handling of capital linked to former CEO Changpeng Zhao. In conclusion, the subpoena received by Coinbase from the CFTC in relation to Bybit is a significant event in the cryptocurrency world. It not only reflects the regulatory challenges faced by major exchanges but also indicates the broader trend of heightened oversight in the digital currency domain. The outcome of this subpoena and its implications for Coinbase, Bybit, and the wider cryptocurrency market will be closely watched by industry participants and regulators alike.

It’s strange to think now how crypto received Gary Gensler as he became Securities and Exchange Commission chair in 2021. At the time, he was a breath of fresh air for an industry that badly needed change. His SEC predecessor, Jay Clayton, had seemed largely disinterested in digital assets, whereas Gensler had taught courses on blockchain at MIT. He was supposed to get it. And being a person who got it, we thought, he would surely find a sensible way between the need to uphold existing law and allowing a promising industry to grow. How wrong we were. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. These days, nearly everyone in crypto, or close to it, dislikes Gensler’s tenure. He hasn’t provided any legal clarity to token issuers, many say; he hasn’t helped Congress fashion any new crypto-focused legislation (just look at the docket); he’s wound up a lot of people as he pushed an agenda that often seems self-interested and self-centered. This week, Fortune Magazine took a deep look at Gary’s time at the SEC and put meat on what many of us already know in outline. It’s a great piece based on interviews with “more than 30 financial experts, politicians, and current and former employees from all levels at the SEC and Commodity Futures Trading Commission, including agency leaders,” and you should read it. But, in case you don’t have time, we’ll summarize a few of the takeaways here, especially as they relate to crypto. A political animal He may be a regulator, but he acts more like a politician. Gary Gensler previously served as CFTC chairman, taking the reins of a backwater agency following the 2008 financial crisis. He lobbied to expand that agency’s powers in legislation enacted at the time, pushing a raft of new rules and creating office space for CFTC staffers across the country (much of which was left empty because of budget constraints). In 2016, he joined Hillary Clinton presidential campaign and then tied his fortunes to Sen. Elizabeth Warren (D-MA), who then, as now, leads a movement to crack down on Wall Street and crypto. Now, he apparently has his eyes on becoming Treasury Secretary when the position becomes open again. “The running rumor in D.C. is that Gensler has had his eyes on becoming Treasury secretary since the Obama administration. That assumption was repeated in nearly every interview with Fortune, although always tiptoed around by his allies,” writers Leo Schwartz and Jeff John Roberts say. Allies and critics all agree on Gensler’s ambition. “Gary Gensler is a politician masquerading as a regulator,” Ritchie Torres, a Democratic congressman who supports the crypto industry, told Fortune. Many rules, little adoption In the absence of new legislation from Congress, Gensler has looked to existing laws to regulate the financial sector. That has led to a spate of rule-making from his office, covering areas as diverse as crypto and the way companies report their climate change liabilities. But much of that agenda now apparently appears bogged down in lawsuits and other challenges. Per Fortune: “Finalizing rules has turned into a headache for Gensler. According to the Securities Industry and Financial Markets Association, Gensler issued 62% and 91% more rule proposals, respectively, than his two most recent predecessors in his first 30 months in office — ranging from how broker-dealers can use predictive analytics about clients to a partial overhaul of the U.S. trading system. Such undertakings require comment periods to solicit industry feedback, however, and Gensler’s ambition has drawn pushback from across the financial world. In August, Bloomberg reported that Gensler’s record of getting his rules adopted was the slowest in decades.” Gensler’s enforcement actions, meanwhile, have often been hamstrung by lawsuits brought by the companies the SEC has targeted. Ripple (largely) beat back an effort to class XRP as a security that predated Gensler’s tenure. Now Coinbase seems to have a good chance of stymying another action claiming that it operates an illegal securities exchange. Citing legal experts, Fortune said Gensler’s aggressive approach could end up backfiring. “Litigation over [the SEC’s jurisdiction] and others could short-circuit Gensler’s broader agenda, if such suits lead to judicial rulings that curb the agency’s powers,” the authors write. Turf wars sow confusion Gensler ran and built up the CFTC, but he’s seeking to limit its remit when it comes to crypto. By arguing that most tokens, bar bitcoin, are securities, Gensler makes the SEC responsible for enacting how those tokens should and shouldn’t be regulated. The CFTC argues that some tokens are more properly commodities, and therefore should be regulated by that agency. The “commodity-vs.-security debate” isn’t just a matter for the crypto industry, in other words; it matters for regulators and their agencies, often leading to “discord between Gensler’s current agency and his old one,” Schwartz and Roberts said. Speaking to Fortune, Summer Mersinger, a CFTC commissioner, cites the case of a Coinbase employee who was caught insider-trading. The CFTC wanted to bring its own action, based on its understanding that some of the tokens involved were commodities. The SEC claimed jurisdiction for itself, leading Mersinger to worry that the lawsuit could be thrown out because of uncertainty over which agency held sway. She said relations between the SEC and CFTC are now “more than a little bit strained.” A CFTC staffer puts it more forcefully. “It’s like a horrible, dysfunctional marriage,” the person told Fortune. “Cooperation between our enforcement and their enforcement is essentially gone.”

Coinspeaker JPMorgan Chase and Apollo Executives Unveil Plans for Tokenized Enterprise Mainnet Top executives from US-based financial services companies JPMorgan Chase and Apollo Global Management have revealed their plans for the tokenized enterprise mainnet, developed in collaboration with the Monetary Authority of Singapore (MAS). The duo worked together on the MAS crypto pilot project, Project Guardian, designed to explore the tokenization of assets using public blockchains. Enterprise Mainnet: A First-Mover Advantage After collaborating with MAS to test their new blockchain project, Christine Moy, a partner at Apollo, and JPMorgan’s managing director Tyrone Lobban, sat down for an interview with Forbes on November 27 to discuss tokenization and its potential applications across the financial industry. When asked how digital assets fit within Apollo’s broader mandate, Moy explained how production-grade tokenization led to the creation of JPMorgan’s innovative tradable product, the intraday repo. According to Moy, the system serves as an enterprise mainnet, referring to the intraday repo. The Apollo partner said the product has a first-mover advantage in offering tokenized investment instruments. Drawing parallels to the success of Ethereum (Ether), she stated: “Obviously, we’ve seen the progress and innovation of Ether, and now that’s where all the next-generation innovation has been created.” She further highlighted that the enterprise mainnet provides scalability, enabling software developers the opportunity to deploy applications to a network already compliant with Know Your Customer (KYC) requirements for institutional banks, broker-dealers, and asset managers. Lobban also chimed in, noting that the new system has processed over $900 billion in assets since launch.  He said: “There was actually no intraday repo market before this, and now we’re settling around $2 billion a day of intraday repo trades through our platform.” He also emphasized the broader impact of blockchain technology, stating that the public ledger is an exciting technology. “Blockchain is a very interesting technology for efficiency purposes and creating optimized settlements, but really, the thing that people don’t necessarily talk about is the ability to create new products, things that didn’t exist before,” he continued. MAS Unveils Measures for DPT Service Providers MAS expanded its Project Guardian by introducing five additional industry pilots on November 15 to explore diverse use cases around asset tokenization. The financial regulator introduced five new initiatives under the project, such as the Global Layer One (GL1), where heavyweights like JPMorgan, Apollo, DBS, BNY Mellon, and MUFG explored opportunities designed to simplify cross-border transactions and create global liquidity pools. During the pilot, JPMorgan and Apollo partnered to focus on testing digital assets to enhance the seamless management of discretionary portfolios and alternative assets and automate portfolio rebalancing at scale, leading to the creation of the intraday repo. Other financial institutions involved in Project Guardian, such as Citi, Fidelity, and T Rowe Price, joined forces to explore the use of foreign exchange (FX) and oracles on the Avalanche blockchain. Some of the 17 financial institutions that participated in the pilot are actively working on defining software stacks that enable agnostic interoperability across different asset pools, showcasing ongoing collaboration and commitment to transformative innovation. Last week, the MAS introduced measures for Digital Payment tokens (DPT) service providers to discourage speculation in crypto investments. These measures include assessing customers’ risk awareness, refusing credit card purchases, and providing no incentives to retail clients to deter price speculation. next JPMorgan Chase and Apollo Executives Unveil Plans for Tokenized Enterprise Mainnet

Single Platform Available for Trading Cryptocurrency Plus Other Asset Classes GREENWICH, Conn.–(BUSINESS WIRE)–Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, is now the first SFC-licensed securities broker to be approved to allow retail clients to trade cryptocurrencies in Hong Kong. Cryptocurrency trading for eligible clients of Interactive Brokers Hong Kong allows investors to transact and manage their portfolio through a single platform that provides a unified view. Clients benefit from the convenience of centralized cash management and can trade cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), along with stocks, options, futures, currencies, bonds, mutual funds, ETFs, event contracts, cryptocurrency futures, and futures options all from a single account and interface. “As demand for cryptocurrency exposure as a means of diversification continues to rise, we are pleased to offer investors in Hong Kong a straightforward and cost-effective way to allocate a portion of their portfolio to digital assets,” said David Friedland, Head of APAC for Interactive Brokers. “Our single unified platform lets clients worldwide easily invest across a broad range of global products, and the retail investor community in Hong Kong will benefit from the ability to access digital currency markets without opening and maintaining different accounts at multiple brokers and exchanges.” Cryptocurrency trading through Interactive Brokers Hong Kong is powered by OSL Digital Securities and has low commissions of just 0.20% – 0.30% of trade value, depending on monthly volume, with a USD 2.25 minimum per order and no added spreads or markups. Interactive Brokers launched cryptocurrency trading in Hong Kong in collaboration with OSL Digital Securities, Hong Kong’s first SFC-licensed digital asset trading platform. Interactive Brokers previously introduced cryptocurrency trading for eligible Professional Investor clients of Interactive Brokers Hong Kong on February 14, 2023. For more information, visit: https://www.interactivebrokers.com.hk/en/trading/products-cryptocurrencies-hk.php About Interactive Brokers Group, Inc.: Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. For the sixth consecutive year, Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its June 9, 2023, Best Online Brokers Review. Contacts Contacts for Interactive Brokers Group, Inc. Media: Katherine Ewert, media@ibkr.com

Crypto investment platforms eToro and M2 received various degrees of approval to offer their services in the United Arab Emirates from the ADGM Financial Services Regulatory Authority, which oversees the UAE’s international financial center, the Abu Dhabi Global Market (ADGM). EToro received approval for a Financial Services Permission (FSP) that allows a provider to operate as a broker for securities, derivatives and crypto assets. Cryptocurrency exchange M2, on the other hand, got recognition as a fully regulated Multilateral Trading Facility (MTF) and custodian that can on-board UAE residents and institutional clients. According to Yoni Assia, founder and CEO of eToro, the new UAE licensing is “a key milestone in our continued global expansion.” In September, eToro received Crypto Asset Service Provider (CASP) registration from the Cyprus Securities and Exchange Commission (CySEC). At the time, deputy CEO Hedva Ber highlighted the importance of a European operating license for a crypto company that aims for global expansion. M2’s services in the UAE for retail and institutional clients will include crypto custody, UAE dirham-based Bitcoin (BTC) and Ether (ETH) trading and on/off-ramp services for the dirham. M2 CEO Stefan Kimmel sees the timing of license issuance as perfect, given the return of positive investor sentiment. While the UAE continues to attract international crypto players with operational licenses, the registration authority of the ADGM introduced comprehensive regulations governing Web3 organizations in November. ADGM welcomes Al Reem Island businesses to its community#WamNews https://t.co/NoLasneinS — WAM English (@WAMNEWS_ENG) November 1, 2023 The Distributed Ledger Technology (DLT) Foundations Regulations 2023 aim to provide regulatory clarity to blockchain foundations, Web3 entities, decentralized autonomous organizations (DAOs) and traditional foundations expanding into DLT. The regulations allow for the creation of a “DLT Foundation” by submitting a signed charter that includes a description of the foundation’s initial assets and details about its governance and token issuance (if any), along with the organization’s white paper, tokenomics paper and a link to a technical document called a DLT Framework. Magazine: Real AI use cases in crypto, No. 1: The best money for AI is crypto