Blockchain DXB: 🔴 23rd June 🔴 🟠Texas signs bill Bitcoin to official reserves 🔴Thailand SEC - Token issuance rules ⚡️Norway Ban on New Mining Operations 🔴Coinbase Secures MiCA License
Blockchain DXB
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23rd June: Blockchain DXB) podcastt🟠Texas signs bill Bitcoin to official reserves 🔴Thailand SEC - Token issuance rules ⚡️Norway Ban on New Mining Operations 🔴Coinbase) Secures MiCA License📊 Crypto market - BTC -$101,55- Ethereum MC - below $300B- Stablecoin MC - $271B🟠 Texas Governor Greg Abbott has signed Senate Bill 21 (SB21), officially authorizing the creation of the Texas Strategic Bitcoin Reserve, a state-managed fund that will hold BTC as part of the state's long-term financial assets. Details of the SB21 bill here https://lnkd.in/dVBNwcRx)🎙️Check out todays Blockchain DXB) episode we share our commentary on this we discuss- Legal Protection: HB4488 shields the reserve from being used in general state funds.- Strict Criteria: Only Bitcoin qualifies, with oversight from state officials and crypto experts.- Crypto Leadership: Texas positions itself as a national leader in government crypto adoption.🔴 Securities and Exchange Commission, Thailand) has opened a public consultation on proposed rules for utility token issuance, aiming to bring greater transparency to the crypto sector. The rules would require exchanges to disclose individuals connected to token issuers, helping the SEC monitor for insider trading. This move is part of Thailand’s broader effort to regulate the crypto industry, following actions like blocking unlicensed exchanges OKX) and Bybit), and waiving capital gains tax on crypto sales through licensed providers. The consultation follows past insider trading scandals in Thailand and reflects a global trend of increased scrutiny on insider activity within crypto markets. Info here https://lnkd.in/dTRKD_Ng)Reuters reports that Norway plans to introduce a temporary ban on new data centers using power-intensive technology for cryptocurrency mining, aiming to conserve electricity for other industries. The ban could take effect in autumn 2025. Minister for Digitalization Karianne Tung stated the government intends to limit crypto mining as much as possible, citing its high energy consumption and minimal benefits to local communities in terms of jobs or income. Info here https://lnkd.in/dXHptt74)🔵 Coinbase) has secured its MiCA license from Luxembourg’s financial regulator, allowing it to offer crypto services across all 27 EU member states. This marks a major step in unifying Coinbase’s European operations under a single regulatory framework and reinforces its leadership in compliance and innovation. Luxembourg will serve as its EU crypto hub, chosen for its forward-thinking approach to blockchain. Info here https://lnkd.in/d_WTGYWn)🟠Two UAE news⚡️ University of Dubai) & Artificial Intelligence Journalism for Research and Forecasting - AIJRF) launch the first Arab initiative in academic research and AI technologies⚡️ Saudi AI firm Humain launches new division for gaming, media
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