The US Gov't Sells Its BTC Stack
The Breakdown
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Regulatory Shift in the UAE and its Implications for Crypto Industry
The chapter highlights the UAE central bank's new regulations banning cryptocurrency payments for goods and services, restricting it to licensed stablecoins tied to the local currency, despite a lack of such stablecoins in the UAE market. It also discusses the impact of this move on the country's digital economy aspirations and the limitations of industry associations in the Emirates compared to other global crypto hubs.
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