India’s Supreme Court has intensified pressure on the government to regulate crypto, slamming bitcoin trading as hawala-like and warning of its unchecked impact on the economy. Supreme Court Urges Central Policy With Crypto Labeled as Hawala-Like Activity The Supreme Court of India urged the central government to establish a clear policy on cryptocurrency regulation, citing […]

India Supreme Court Asks Government Why Crypto Still Isn’t Regulated

Kraken has announced the launch of Europe’s largest regulated crypto 
derivatives offering, enhancing its market-leading position in the region. 
Eligible clients and partners in the European Economic Area (EEA) can now 
access a comprehensive suite of liquid futures instruments, including both 
perpetual and fixed maturity contracts, all compliant with the Markets in 
Financial Instruments Directive […]

Kraken Launches European Regulated Crypto Derivatives Offering From Cyprus

Bitcoin Suisse secured an in-principle approval (IPA) from the Financial 
Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), 
marking a major step in the Swiss crypto firm&#8217;s expansion beyond the European 
Union.
The Swiss crypto financial service provider has received in-principal approval 
through its subsidiary BTCS (Middle East), according to a May 21 press 
release.
The IPA is a precursor to a full financial services license, which will allow 
Bitoin Suisse to provide regulated crypto financial services such as digital 
asset trading, crypto securities and derivatives offerings, as well as custody 
solutions.
The approval reflects the firm&#8217;s &#8220;strong commitment to maintaining the highest 
standards of transparency, security, and regulatory compliance,&#8221; according to 
Ceyda Majcen, head of global expansion and designated senior executive officer 
of BTCS (Middle East).
_Source: Bitcoin_ _Suisse_
&#8220;Abu Dhabi, one of the Middle East&#8217;s fastest-growing financial centers, 
presents a compelling opportunity for growth. We look forward to working 
closely with the FSRA to obtain our full license,&#8221; Majcen wrote in a May 21 X 
announcement.
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Bitcoin at $57K**_
This marks Bitcoin Suisse&#8217;s first expansion outside of the European Union.
Founded in 2013, Bitcoin Suisse played a significant role in developing the 
country&#8217;s crypto ecosystem and has been a key contributor to Switzerland&#8217;s 
Crypto Valley &#8212; a Switzerland-based blockchain ecosystem valued at more than 
$500 billion.
_Crypto Valley Unicorns. Source: CvVc.com_
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## Crypto firms bet on Middle East as next global crypto hub
Increasingly more crypto firms are expanding into the Middle East, seeing the 
region as the next potential global crypto hub due to its business-friendly 
regulatory licensing environment.
On April 29, Circle, the issuer of the world&#8217;s second-largest stablecoin, USDC 
(USDC), received an in-principle approval from the FSRA, coming one step 
closer to the full license to become a regulated money service provider in the 
United Arab Emirates.
A day earlier, the Stacks Asia DLT Foundation partnered with ADGM, becoming 
the first Bitcoin-based organization to establish an official presence in the 
Middle East, Cointelegraph reported on April 28.
As part of the partnership, the Stacks Foundation aims to advance progressive 
regulatory frameworks in the Middle East.
&#8220;We&#8217;re not just focused locally &#8212; our team is engaged in global 
conversations, advocating for frameworks that balance decentralization, 
security, innovation, and compliance surrounding the unlocking of Bitcoin 
capital,&#8221; Kyle Ellicott, executive director at Stacks Asia DLT Foundation, 
told Cointelegraph.
The foundation is also developing the Bitcoin Capital Activation Framework, 
described as a comprehensive policy blueprint to help regulators enable 
Bitcoin utility in their jurisdictions.
_**Magazine:**__**Arthur Hayes $1M Bitcoin tip, altcoins &#8216;powerful rally&#8217; 
looms: Hodler&#8217;s Digest, May 11 &#8211; 17**_

Bitcoin Suisse eyes UAE expansion with regulatory nod in Abu Dhabi

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Astar Network is teaming up with Animoca Brands to grow its Sony-powered 
blockchain ecosystem and onboard more users to web3 through entertainment. 
Astar Network, a parachain within the Polkadot ecosystem, has secured a 
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