#markets

European Securities and Markets Authority (ESMA) published drafted regulatory guidelines under the MICA framework.

Regulators from the financial markets of Singapore (MAS), Japan (FSA), Switzerland (FINMA), and the United Kingdom (FCA) have formed a partnership to promote the integration of digital assets across various financial sectors.

But officials are concerned about potential negative impacts on consumers, according to Semafor media. The fear is that an indictment could trigger a run on the exchange, leading to consumer losses and causing panic in the crypto markets, similar to what happened with FTX, which eventually went bankrupt. As a result, prosecutors are exploring alternative options such as fines and deferred or non-prosecution agreements.

EDX Markets, an American institutional cryptocurrency exchange, has removed Bitcoin Cash (BCH) from its list of tradable assets. However, the exact reason for this decision has not been disclosed.

The European Securities and Markets Authority (ESMA) has stated that the crypto market regulation, known as Markets in Crypto-Assets (MiCA), won't be in place until December 2024 at the earliest.

Japan's Soramitsu is at the forefront of crafting a system that enables cross-border transactions specifically tailored to the Asian market. This initiative involves leveraging the Cambodian CBDC to cater to markets in India, China, and Japan. Additionally, Soramitsu aspires to establish a Japanese exchange for stablecoins, simplifying currency conversion across various countries.

Arthur Hayes, Maelstrom CIO and ex-BitMEX CEO, argues that AI-powered Decentralized Autonomous Organizations (DAOs) will revolutionize economic entities, making traditional structures obsolete due to their reliance on human labor and state-enforced contracts. He asserts AI DAOs, unfettered by physical forms and therefore state laws, will use smart contracts on public blockchains for self-governance and service provision. Hayes predicts that DAO capital markets will become the first genuinely global markets and decentralized exchanges will naturally monopolize the trading of DAO-issued tokens. Hayes sees a future trillion-dollar AI-powered economy that would significantly boost the value of blockchains like Ethereum.