- UAE’s crypto oasis has garnered accolades for its top-level protocols and infrastructure.
- Crypto influencer Eli known as the UAE crypto oasis his “second house.”
- The cryptocurrency group has expressed dissatisfaction with the US authorities’s anti-crypto stance.
The United Arab Emirates (UAE) has risen to prominence with its pioneering crypto oasis, gaining recognition as a premier hub for top-tier protocols and cutting-edge infrastructure.
Well-known cryptocurrency influencer Crypto Eli just lately took to Twitter to precise his enthusiasm for the UAE Crypto Oasis. In her tweet, she praised Crypto Oasis as a “second house” for the perfect protocols and infrastructure.
Cryptoeri’s tweet additionally highlighted the discharge of a complete 150+ web page doc, “Crypto Oasis Ecosystem Report Spring 2023”, which sheds gentle on developments and developments inside Crypto Oasis.
Nonetheless, Crypto Eri’s tweet additionally expressed his sorrow for San Francisco, the normal hub of cryptocurrency innovation. It conveys dissatisfaction with the US authorities’s anti-crypto stance and means that regulatory restrictions may hamper the nation’s progress within the crypto area.
Specifically, the U.S. authorities has been very important of the cryptocurrency business, with the Securities and Change Fee (SEC) suing various corporations, together with Ripple Labs, for violating securities legal guidelines. there may be
Moreover, the SEC has threatened to sue US-based cryptocurrency alternate Coinbase for itemizing unregistered safety tokens. Firm executives, together with Coinbase’s CEO and authorized crew, mentioned they have been ready to problem the SEC in court docket.
In the meantime, the CEO of the Hong Kong Financial Authority just lately revealed that future digital asset regulation in Hong Kong might be completely different from its earlier method. The CEO mentioned the intention is to encourage innovation and improvement in cryptocurrencies, however doesn’t indicate “gentle contact” regulation.
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