Global Crypto Update: Regulations, Stablecoins, and Virtual Asset Protection

In this episode, we cover the latest developments in cryptocurrency regulations and virtual asset protection worldwide. Russia considers using cryptocurrencies for international transactions, while Hong Kong proposes stablecoin regulations. Ukraine legalizes and regulates cryptocurrencies, and South Korea introduces a virtual assets user protection act. The UAE establishes a virtual asset-specific regulator, and the EU introduces MiCA regulations for crypto-assets. We also discuss the reelection of Roberta Metsola as President of the European Parliament.

Sources:
https://cryptonews.com.au/news/report-russia-ponders-crypto-use-amid-international-money-transfer-challenges-122245/
https://tokenpost.com/Russia-Weighs-Risks-of-Crypto-Legislation-to-Boost-International-Payments-Amid-Sanctions-12379
https://whtc.com/2024/07/17/russia-weighs-risk-of-embracing-crypto-for-international-payments/
https://blockonomi.com/bridging-blockchain-politics-roberta-metsola-secures-second-term-as-european-parliament-president/
https://www.coindesk.com/policy/2024/07/17/blockchain-friendly-roberta-metsola-reelected-as-eu-parliament-president/
https://ledgerinsights.com/hong-kong-releases-stablecoin-legislative-proposal/
https://bitcoinist.com/hong-kong-tightens-grip-on-crypto-new-stablecoin/
https://www.analyticsinsight.net/cryptocurrency-analytics-insight/understanding-crypto-market-in-ukraine-opportunities-and-challenges
https://ambcrypto.com/south-koreas-latest-crypto-law-heres-everything-to-know/
https://thefintechtimes.com/stabilising-the-crypto-frontier-uaes-groundbreaking-stablecoin-regulations/
https://usethebitcoin.com/a-quick-guide-about-mica-regulations/

Outline:
(00:00:00) Introduction
(00:00:32) Russia considers using cryptocurrencies for international transactions
(00:02:32) Roberta Metsola is reelected as President of the European Parliament
(00:03:59) Hong Kong proposes stablecoin regulations
(00:07:08) Ukraine legalizes and regulates cryptocurrencies
(00:09:32) South Korea introduces virtual assets user protection act
(00:11:07) UAE establishes virtual asset-specific regulator
(00:13:02) EU introduces MiCA regulations for crypto-assets