BITCOIN

The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin. EU Finance Ministers Give Final Nod to Markets in Crypto Assets Law At a meeting on Tuesday, the EU Council , composed of the finance ministers of the member states, adopted the Markets in Crypto Assets (MiCA) legislation. The set of rules brings crypto assets, their issuers and crypto service providers under a Union-wide regulatory framework. The formal adoption is the final step in the legislative process, the Council noted. It comes after a provisional agreement was reached in June 2022, following trilogue negotiations with the European Parliament and the Commission, and the EU lawmakers’ vote in April of this year. “I am very pleased that today we are delivering on our promise to sta

South Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to trade in our own currencies.” He also believes that the recession forecasts by the International Monetary Fund (IMF) and the World Bank will not affect the BRICS nations. BRICS Sherpa Discusses Summit Priorities South Africa’s BRICS Sherpa, Anil Sooklal, delved into the agendas and priorities of the upcoming BRICS summit under South Africa’s presidency in an interview with BRICS TV, published Wednesday. Sooklal previously taught at the University of KwaZulu-Natal and the University of South Africa. He also served as Deputy Director General of the Asia and Middle East Department of International Relations and Cooperation until January 2022. From 2006 to 2012, he served as South Africa’s Ambassador to the European Union, Belgium, and Luxembour