COCO PAY presents a selection of the most important news from the world of web3 over the past week. Don’t miss out!
– Starting December 30, 2024, new MiCA rules came into effect in EU countries, aimed at promoting the development of euro-pegged stablecoins. Only coins that meet the established requirements will be allowed on regulated markets.
– Employees of the National Center for Public Policy Research (NCPPR) suggested that Meta’s management invest part of their $72 billion in liquid assets into Bitcoin to hedge against inflation.
– Tether has completed preparatory work to relocate its headquarters to El Salvador, where it obtained a license to provide digital asset services.
– Italian bank Intesa Sanpaolo has purchased 11 Bitcoins worth approximately €1 million ($1.02 million).
– The blockchain platform The Open Network (TON) plans to enter the U.S. market, anticipating favorable regulatory conditions amid a change in the presidential administration.
– South Korea is developing a new bill to regulate digital assets, aiming to protect investors’ rights and increase transparency. The regulation will cover stablecoins and exchange listings, with the law expected to be adopted in the second half of 2025.
– TRON founder Justin Sun introduced an updated version of the USDD stablecoin, offering yields of up to 20% per annum.
– The SEC has filed a lawsuit against Elon Musk, accusing him of failing to disclose his Twitter stock acquisition on time.
– U.S. Treasury Secretary nominee Scott Bessent expressed concerns about the introduction of a central bank digital currency (CBDC), highlighting potential risks to citizens’ privacy and financial freedom.
More news is coming soon. COCO PAY — always in the know!
