🇪🇺 The European regulator is preparing to expand oversight of the crypto sector as part of a broader reform of the EU’s financial regulatory framework.

Authorities plan to shift some supervisory powers from the national level to the EU level to eliminate fragmented rules and strengthen oversight of major players operating across multiple countries.

The new measures could affect exchanges, custodians, and other crypto firms, making regulation more consistent across the Union.

@DeCenterOrg

🇻🇪 Due to hyperinflation and a severe shortage of cash dollars, Venezuela’s economy has effectively shifted to using USDT.

Most retail merchants now list prices in “Binance dollars” — that is, in USDT pegged to the dollar rate on Binance P2P. The national bolívar is rapidly losing its relevance, while cryptocurrency has become the main medium of exchange and store of value.

The government has not officially announced dollarization, but in practice, it has allowed the use of stablecoins in trade and exchange operations.

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🇺🇸 Today, Grayscale’s Ethereum ETF and Solana ETF will introduce staking functionality.

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🇮🇳 India will launch its own digital currency (CBDC), backed by the Reserve Bank of India, to ensure seamless transactions.

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🇪🇺 European banks that offer cryptocurrency trading.

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🇮🇳 The latest cover of The Times of India shows a one-kilogram gold bar — that’s how much gold 1 BTC is worth today.

@DeCenterOrg