The RBI has allowed small finance banks to extend pre-sanctioned credit lines through the UPI to extend "financial inclusion" and "enhance formal credit," especially to new customers.
Germany-based 21X received full approval from Germany's financial authority, BaFIN. Meanwhile, MGA has been licensed by Italian authorities to operate as a digital securities registry.
Donald Trump appears to be taking credit for the recent surge in BTC's fiat price, while the crypto bros are doing everything they can to stamp out what's left of the Biden administration.
Foundry laid off a quarter of its workforce as it spun off from DCG, while Marathon acquired a Texas windfarm and Hive invested $60m to expand in Paraguay.
With the status of digital currency still in limbo, Timechain Labs' Rohan Sharan advises businesses to focus on real-world asset tokenization rather than crypto trading to support economic growth.
The proposed law gives ASIC oversight over digital asset products designed as financial products, including stablecoins, exchange tokens and tokenized assets.
In other news, German companies are focusing more on AI and cloud computing over blockchain, as 72% of respondents disclosed that Web3 solutions are not part of their growth plan.
Aiming to empower Filipinos with knowledge of blockchain, Bitskwela partners with Sonic Labs for a project that will provide hands-on experience and on-chain applications beyond digital currencies.
2024 has been a defining year for blockchain, and looking ahead to 2025, let's anticipate a year of breakthroughs across blockchain, AI, biotech and global geopolitics.