Quick weekly news:
- Spotify, the latest tech giant to support NFTs?: Read more here.
- Bored Ape Yacht Club Ethereum NFT Sales Surge as ApeCoin Price Pops, Then Drops: Read more here.
- US lawmakers discuss crypto’s role in sanctions, national security and humanitarian aid: Read more here.
Other notable events include:
- Binance is officially operating in Dubai
- Cryptocurrency assets are legalized in Ukraine
Binance is officially operating in Dubai
Binance, a cryptocurrency exchange, received a licence to operate in Dubai, United Arab Emirates. The company's position in the Middle East has been growing recently, with the addition of a crypto service provider licence in Bahrain earlier this week.
Binance will be able to open an office in Dubai and provide digital asset exchange services to pre-qualified investors and companies under the recently accepted regulatory standards under the Dubai virtual asset provider (VASP) licence.
On March 15, the cryptocurrency exchange said that it has been granted a licence to operate in Bahrain, another Gulf country. It will allow Bahraini clients to trade, custody, and manage their portfolios on the world's largest exchange by volume.
Both Bahrain and the UAE (and, in particular, Dubai) promote an innovation-friendly attitude and fight for the title of most crypto-friendly state in the region. The Central Bank of Bahrain (CBB) successfully tested JP Morgan's crypto payment system in January 2022.
Cryptocurrency assets are legalized in Ukraine
Despite the continuing conflict with Russia, Volodymyr Zelensky, the President of Ukraine, has signed a law "On Virtual Assets" that legalizes bitcoin assets in the nation.
The approved law establishes who can provide cryptocurrencies and how they must be registered in Ukraine, as well as naming the National Bank of Ukraine and its National Commission on Securities and Stock Market as crypto regulators.
Ukraine's National Commission on Securities and Stock Market will work to develop a national cryptocurrency policy and grant licences to authorized cryptocurrency distributors.
Also, make sure to check out top altcoin gainers and losers of the week 📍
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