Dubai took a step ahead in its dealing with digital assets in March when the city introduced a virtual assets law and regulatory authority to establish the emirate’s position as a key player in designing the future of virtual assets.
The Spartan Network will eventually be made up of half a dozen public blockchains that do not operate with cryptocurrencies. One of those will be a non-crypto version of the Ethereum blockchain when the project launches in August.
The watchdog has also charged the defendants with operating an illegal commodity pool and failing to register as a Commodity Pool Operator with the CFTC.
FSB was urged to advance the swift development and implementation of consistent and comprehensive regulation of crypto-asset issuers and service providers.
