cover of episode Blockchain DXB: Crypto & Coffee at 8 ☕ 18th Nov 🚨 Dubai's VARA Enforces Crypto Compliance 🔵 Reserve Bank of Australia rejects Bitcoin 🔥 Solana-based DApps ❗ World Liberty Financial Taps Chainlink

Blockchain DXB: Crypto & Coffee at 8 ☕ 18th Nov 🚨 Dubai's VARA Enforces Crypto Compliance 🔵 Reserve Bank of Australia rejects Bitcoin 🔥 Solana-based DApps ❗ World Liberty Financial Taps Chainlink

2024/11/18

18th Nov: Blockchain DXB) Podcast🚨 Dubai's VARA Enforces Crypto Compliance 🔵 Reserve Bank of Australia) rejects Bitcoin 🔥 Solana-based DApps ❗ World Liberty Financial) Taps Chainlink🚨 Dubai's Virtual Assets Regulatory Authority [VARA]) has Updated the list of High-Risk Jurisdictions subject to a Call for Action and the list of Jurisdictions under Increased Monitoring. Official documents can be downloaded here https://lnkd.in/dYhTB7QT).🎙️ Check out the Blockchain DXB) episode we will share more information on this. We discuss some main points from the document such as :- Purpose of the Circular- Key Compliance Obligations for VASPs- AML and CFT Compliance/ Due Diligence Measures/ Updating Risk Management Frameworks- Focus on High-Risk Jurisdictions-Resources and Regulatory Support - Links to official FATF lists/ Compliance and Risk Management- Why This Matters for VASPs- Broader Implications for the Industry🔵 Downunder with Bitcoin- Bitcoin has ‘no role’ in the Australian economy, says Reserve Bank of Australia) governor Michele Bullock Speaking at the Australian Securities and Investments Commission annual forum on Thursday, Bullock pushed back at suggestions that bitcoin was an “alternative currency”. hashtag#FACT) She also said “I don’t understand it,” Info here https://shorturl.at/p6TGI)🔥 Bitcoin adoption in Australia remains low, with only 2% of Australians using it for payments and 11% holding it as an asset. Critics like ASIC’s Joe Longo dismissed its recent rally as speculative, while Future Fund CEO Raphael Arendt questioned its utility as a strategic reserve for nations controlling fiat currencies.🟣Solana-based apps hit record fee earnings amid renewed memecoin hype. Raydium led with $11.31M in fees, followed by Jito with $9.87M, and trading bot Photon at $2.36M. The native token SOL surged to $242, its highest since 2021, driven by speculation and listings like Dogwifhat on Coinbase. Solana's market cap rose to $112B despite a 4.9% inflation rate and increasing token issuance. Data here https://lnkd.in/dvvtwg4K)🏦 DeFi project, World Liberty Financial (WLFI), has partnered with Chainlink to integrate its Ethereum Price Feeds for real-time on-chain market data. WLFI, built on Ethereum and planning to use Aave v3, aims to offer crypto borrowing, lending, and liquidity services. The project has also discussed launching a native stablecoin. Chainlink co-founder Sergey Nazarov) praised WLFI's focus on security, while Eric Trump called the partnership a milestone for crypto and DeFi. Chainlink Labs) Info here https://shorturl.at/bQA8p)🟠 Two UAE news (See slides)⚡ KOTRA) and Dubai Police HQ) Launch Global Export Tech Week to Foster AI and Tech Collaboration⚡ Vissibl) launches AI-driven compliance platform to revolutionize ISO certification