Dubai Tightens Regulations on Crypto Investment Marketing
Dubai's Virtual Assets Regulatory Authority (VARA) has updated its marketing guidelines for virtual assets, effective October 1. Key changes include:
- Mandatory disclaimers clarifying investment risks
- Clear warnings about potential asset devaluation and volatility
- Compliance requirements for companies offering virtual asset rewards
Matthew White, CEO of VARA, emphasized: "Our goal is to enhance market trust and transparency while helping virtual asset service providers operate responsibly."
Swiss Platform Taurus Partners with Aktionariat for Tokenization
Zurich-based Taurus SA has partnered with Aktionariat AG to:
- Provide custody services for Ethereum-based tokenized stocks
- Offer listing pathways on Taurus Digital eXchange (TDX)
- Launch shared platform services in November 2024
This collaboration marks Switzerland's first hybrid system allowing investors to choose between traditional bearer shares and tokenized equities.
Japan's FSA Proposes Crypto Gaming Regulation Reforms
The Financial Services Agency (FSA) announced plans to:
- Establish a dedicated working group
- Simplify crypto asset handling processes
- Reduce corporate burdens in compensation fund preparation
- Facilitate in-game cryptocurrency transactions
Key changes will revise the Payment Services Act, potentially lowering barriers for Japanese companies entering blockchain gaming.
PayPal Expands Crypto Services to US Business Accounts
New features include:
- Buy/Hold/Sell functionality for cryptocurrencies
- Chain transfers to eligible third-party wallets
- Exclusion for New York-based businesses initially
Jose Fernandez da Ponte, PayPal's SVP of Blockchain, noted: "Business demand mirrors consumer interest in crypto functionality." The company's PYUSD stablecoin has reached $1B market capitalization since summer 2024.
Initia Raises $14M at $350M Valuation
The Layer 1 blockchain project secured Series A funding led by Theory Ventures, with participation from:
- Delphi Ventures
- Hack VC
- Angel investors including Keone Hon (Monad Labs) and Bryan Pellegrino (LayerZero Labs)
Initia's testnet has processed 125M transactions, with mainnet launch expected within two months.
Arthur Hayes: Global Monetary Easing Will Benefit Crypto Markets
The BitMEX co-founder argues:
- Crypto serves as pressure valve for fiat systems
- Cheap money policies will drive capital toward digital assets
- Japan faces reduced pressure for rapid rate hikes
Hayes maintains profitability despite 25% prediction accuracy rate across eight market forecasts since November 2023.
👉 Discover how major exchanges are adapting to crypto's new era
FAQ Section
Q: Which countries are leading crypto regulation changes?
A: UAE, Switzerland, Japan, and the US are implementing significant updates to virtual asset frameworks.
Q: When will PayPal's business crypto services launch?
A: The rollout begins immediately, excluding New York businesses initially.
Q: What makes Initia's technology unique?
A: Its "interwoven optimistic rollups" aim to create a seamless multi-chain ecosystem.
Q: How accurate are Arthur Hayes' market predictions?
A: While only 25% of his recent forecasts proved correct, his overall strategy remains profitable.
Q: Can Japanese game companies now easily use crypto assets?
A: Proposed reforms would significantly reduce compliance burdens for in-game crypto transactions.