ChainFabricNews

image source: CCN.com For years, China has maintained a tough stance on cryptocurrencies, banning trading and mining while promoting its own digital yuan. However, a recent development is stirring up conversations in the crypto world. The country’s Supreme People’s Court has reportedly started discussions on the legal status of cryptocurrencies —a move that has many wondering if China is about to soften its approach. Why This Matters China has a complicated relationship with digital assets. It was once a global leader in Bitcoin mining before banning the practice in 2021. Despite this, crypto still thrives underground, with Chinese investors and traders finding ways to participate in the market. Now, the Supreme Court’s involvement suggests that the government might be reassessing its legal framework for digital assets. While this doesn’t necessarily mean China is about to legalize crypto, it does indicate that authorities are taking a closer look at its role in the financial system...

image source: the economic times  Canada is witnessing a major shift in both its financial and political landscape with the appointment of Mark Carney as Prime Minister. Known for his strong background in banking as the former governor of the Bank of Canada and the Bank of England, Carney has always been cautious about cryptocurrencies. With his new role, the future of crypto in Canada is set to take a new direction, likely with stricter regulations and a focus on government-backed digital currencies. Carney’s Views on Cryptocurrencies Mark Carney has long been a skeptic of cryptocurrencies. During his time at the Bank of England, he raised concerns about their volatility, security risks, and the fact that they lack intrinsic value. He has often argued that digital assets like Bitcoin cannot replace traditional fiat currencies because they do not offer the same level of stability and trust. Instead of embracing private cryptocurrencies, Carney has been a strong advocate for Central...

image source:coin desk  Japan is making waves in the cryptocurrency world by planning to classify digital assets as financial products. The Financial Services Agency (FSA) has announced this significant regulatory shift, which aims to bring digital currencies under the same legal framework as traditional financial instruments. This move is expected to enhance transparency, prevent insider trading, and provide better protection for investors. Why Is Japan Making This Move? Japan has been a global leader in crypto adoption, but recent concerns over market manipulation, security breaches, and price volatility have led regulators to take a stricter approach. By reclassifying cryptocurrencies under the Financial Instruments and Exchange Act (FIEA), authorities hope to introduce stronger regulations that will make the market safer and more reliable. One of the key reasons for this change is to curb insider trading in the crypto industry. Under the new framework, individuals who have acce...

image source: crypto state The cryptocurrency world is buzzing with excitement as Circle Internet Financial , the company behind the widely used USDC stablecoin , has officially filed for an Initial Public Offering (IPO) on the New York Stock Exchange (NYSE) . This move not only highlights the growing importance of digital currencies but also signals a step towards greater mainstream adoption of cryptocurrencies. Why Circle’s IPO Matters Circle’s decision to go public couldn’t have come at a better time. With increasing institutional interest in digital assets and regulatory clarity improving, the IPO is a major step forward for the industry. USDC, the second-largest stablecoin after Tether (USDT), has played a crucial role in crypto transactions, and this move will allow investors to own a stake in one of the most influential companies in the sector. According to its financial filings, Circle generated $1.66 billion in revenue last year , showing significant growth in the stablecoin...