Authored by Irina Heaver, a legal specialist in the cryptocurrency field, individuals seeking to navigate the crypto landscape in the United Arab Emirates will encounter numerous acronyms related to the country's legal system. From the SCA and VARA to the DMCC, ADGM, and DFSA, the challenge lies in understanding the meanings behind these combinations of letters and successfully maneuvering through the intricate web. The abundance of acronyms and technical jargon in the UAE's legal system raises questions about whether it enhances the ecosystem or poses a fundamental flaw in the self-proclaimed global crypto hub. Categorizing the acronyms into regulators, free zones, and government initiatives can provide clarity for those navigating the complex regulatory environment in the UAE. The UAE's strategic use of acronyms and establishment of various free zones reflect a forward-thinking approach to positioning itself as a leading global crypto hub.

The market shows BTC falling below $90,000, now trading at $89,995.77, with a 24-hour increase of 5.63%. The market is volatile, please manage risks carefully.

Dubai, UAE, March 3rd, 2025, ChainwireBybit, the world's second-largest cryptocurrency exchange based on trading volume, is introducing the Futures Bot Clash, a high-stakes competition combining strategy and automation. With a prize pool of up to 100,000 USDT, traders will compete using Bybit's powerful Futures trading bots to reach the top of the leaderboard. The competition, running from Feb. 28 to March 31, 2025, allows participants to test their bot strategies in a skillful and precise contest, divided into three Futures Bot Squads - Futures Combo, Futures Martingale, or Futures Grid. Traders can earn rewards by participating in squad leaderboards, individual leaderboards, and the Predict & Win segment, where lucky voters can share in a portion of the 5% Prediction Pool by correctly predicting the winning squad. The prize pool breakdown includes rewards for squad rankings, top traders by volume, and participants in the Predict & Win segment, with eligibility requirements for participants to meet a minimum Futures trading volume and account balance. Bybit's Futures Bot Clash offers a unique opportunity for automated trading enthusiasts to test their strategies in a competitive environment and potentially win a share of the 100,000 USDT prize pool. Bybit continues to innovate in the crypto trading landscape, providing users with cutting-edge tools to enhance their trading strategies and offering a competitive environment for traders and bots to excel.

Coinbase CEO Brian Armstrong stated in a post, "US stablecoin legislation should allow consumers to earn interest on stablecoins. The government should not favor a particular industry, but should allow banks and crypto companies to share interest with consumers and incentivize them to do so. Stablecoins, through digitizing the US dollar and other fiat currencies, have found a product-market fit, but we have not yet unlocked a key piece that would allow ordinary people and the US economy to fully benefit: on-chain interest."

According to Fox News reporter Eleanor Terrett, Republican House Whip Tom Emmer and Congressman Ritchie Torres are teaming up to establish the Congressional Crypto Caucus, a bipartisan initiative aimed at promoting crypto-friendly policies in the House of Representatives. Unlike the Congressional Blockchain Caucus established in 2017, this group will operate more as a voting bloc to mobilize support for digital asset bills (including stablecoins and market structure bills) being developed in the House. Congressman Emmer stated that the formation of this caucus is in response to millions of American voters who voted in November to support candidates prioritizing the development of digital assets and blockchain technology.

The market shows ETH has fallen below $2300, now trading at $2299.48, with a 24-hour increase of 4.62%. The market fluctuates greatly, please manage risks.

The decision to prohibit closed pension funds from investing in crypto assets was influenced by the instability of digital currencies, particularly following Bitcoin's 120% surge in 2024, reaching approximately $80,000. This ruling mainly impacts major pension funds like Previ and Petros, which cater to millions of retirees and have traditionally favored low-risk investments like government bonds due to Brazil's 10.5% Selic rate. Despite the ban on cryptocurrencies, the council is still permitting investments in other sectors such as agro-industrial funds and infrastructure debentures to support Brazil's $150 billion export industry. This move contrasts with the trend in other countries where U.S. pension funds are embracing Bitcoin ETFs, Australia allows indirect crypto exposure, while South Korea and the Netherlands remain cautious about integrating crypto into their financial systems. Despite the ban on crypto investments, Brazil's 2022 crypto law marked a significant step towards regulating the digital asset market, with 10 million Brazilians now holding digital assets and evolving real estate regulations for pension funds.

According to Fox News reporter Eleanor Terrett, the White House, Trump, and David Sacks will hold the first cryptocurrency summit on March 7. In addition, the CFTC will hold a CEO forum on March 6 to discuss how tokenized assets and stablecoins can serve as collateral in the futures market.

In the process of the global economy accelerating towards digitalization, Digital Rights (DR) has become a significant force in promoting the liquid economy due to its innovative concepts and technological advantages. As the first blockchain platform that supports the on-chaining, quantification, and free trading of real-world assets, Digital Rights is injecting new vitality into the global economy.
 
The liquid economy is a revolutionary business concept proposed by Digital Rights. By leveraging decentralized blockchain technology, Digital Rights allows all assets from the real world to flow freely like water, without reliance on traditional currency or intermediaries. This efficient method of asset circulation will significantly enhance resource utilization efficiency, creating more value for businesses and individuals.
 
The core architecture of Digital Rights consists of three parts:
1.Off-chain Asset Verification Institutions ensure the authenticity of assets,
2.Digital Rights Public Chain provides a secure technological foundation,
3.Digital Rights Quantitative Exchange supports rapid asset circulation.
 
This comprehensive ecosystem addresses the cumbersome authentication, fund handling, and trading processes in traditional asset circulation, truly achieving global free flow of assets.
 
A spokesperson for Digital Rights stated, "The liquid economy is not just a technological innovation but a total overhaul of global business models. We hope that through Digital Rights, everyone can fairly participate in the development of the global economy."
 
Digital Rights will go live on the UZX (UZX.COM) exchange on January 1, 2025, marking the official entry of this innovative platform into the global market. In the future, Digital Rights will continue to drive the development of the liquid economy, bringing profound impacts to the global economic system.
 
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