Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week
Ukraine’s president signs law establishing regulatory framework for crypto
Crypto regulation has received approval from Ukrainian president Volodymyr Zelenskyy. The bill, titled “On Virtual Assets,” was signed by the president, opening the door to government oversight of the domestic cryptocurrency industry.
Ukraine’s Ministry of Digital Transformation said: “The signing of this law by the president is another important step towards bringing the crypto sector out of the shadows and launching a legal market for virtual assets in Ukraine.”
Among other details, the bill specifies that Ukraine’s National Securities and Stock Market Commission will govern the industry on multiple levels, such as digital asset-related licensing.
European Parliament votes against PoW ban, providing huge relief to the crypto industry
A significant European Union (EU) regulatory bill known as Markets in Crypto Assets (MiCA) has moved forward, leaving behind wording that essentially would have barred proof-of-work (PoW) crypto assets in the region.
An extensive bill pertaining to crypto regulation in the EU, MiCA had two drafts up for debate — one version that would essentially ban PoW mining and related cryptocurrencies, and another that hosted more favorable language concerning the technology. Long story short, the European Parliament’s Committee on Economic and Monetary Affairs voted for the option that did not ban PoW. The bill will now proceed through further approval processes.
It’s official: Binance secures a license to operate in Dubai
It was a busy week for cryptocurrency exchanges, which earned regulatory approvals in multiple jurisdictions. Binance secured licensing in Dubai and Bahrain. FTX also received a Dubai…