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Polkadot to launch first blockchain course for policymakers, UK MPs

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Polkadot has introduced a specialized blockchain education program aimed at UK policymakers, marking a significant step in bridging the gap between government officials and emerging Web3 technologies. The initiative is designed to provide Members of Parliament (MPs) and regulators with a comprehensive understanding of blockchain, decentralized governance, and the potential impact of these technologies on public policy. This move aligns with broader efforts to foster informed regulation in the rapidly evolving digital asset sector.

The program, developed in collaboration with industry experts, will cover key topics such as the fundamentals of blockchain, interoperability, regulatory challenges, and real-world applications of decentralized technologies. By equipping policymakers with the necessary knowledge, Polkadot aims to facilitate a more nuanced approach to crypto regulation, ensuring that legislative frameworks support innovation while addressing potential risks. The course also highlights how blockchain can enhance transparency, efficiency, and security in government operations.

This initiative comes at a crucial time, as governments worldwide are grappling with how to regulate digital assets without stifling technological advancements. The UK has been actively exploring regulatory frameworks for crypto and blockchain, and this educational push could play a pivotal role in shaping informed discussions. By engaging directly with policymakers, Polkadot seeks to position itself as a key player in the conversation about blockchain’s future in governance and finance.

As the crypto industry continues to mature, industry-led educational efforts like Polkadot’s could become essential in fostering regulatory clarity and mainstream adoption. By taking a proactive role in educating lawmakers, Polkadot not only strengthens its position as a leading blockchain network but also helps create a more favorable environment for Web3 innovation in the UK and beyond.

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7-Eleven South Korea to accept CBDC payments in national pilot program

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7-Eleven is set to participate in the testing phase of a central bank digital currency (CBDC) initiative, running from April to June. The retail giant’s involvement highlights the growing push for digital currency integration in everyday transactions.

The pilot program will assess the feasibility of CBDC payments at 7-Eleven stores, allowing customers to make purchases using the digital currency. The initiative is part of a broader effort to explore the real-world application of CBDCs in retail environments, potentially shaping future payment systems.

As central banks worldwide accelerate their digital currency research, private sector collaboration is seen as crucial for widespread adoption. If successful, 7-Eleven’s participation could pave the way for broader CBDC usage across retail and commercial sectors.

The outcome of the testing phase will provide valuable insights into consumer adoption, transaction efficiency, and potential regulatory considerations, influencing how CBDCs are integrated into mainstream financial systems.

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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The U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have agreed to pause legal proceedings as both sides explore a potential resolution to their ongoing lawsuit. The move signals a possible settlement in the high-profile case, which centers around Gemini’s now-defunct Earn program.

The SEC initially sued Gemini, alleging that the Earn program—designed to offer users yield on crypto deposits—operated as an unregistered securities offering. Gemini has pushed back against the claims, arguing that its operations complied with regulatory standards.

By pausing litigation, both parties may be looking for a compromise that could set a precedent for crypto lending products in the U.S. A settlement could also provide regulatory clarity for similar platforms navigating SEC scrutiny.

While the outcome remains uncertain, the crypto industry is closely watching the case, as its resolution could impact future enforcement actions and the broader regulatory approach toward digital asset lending services.

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GameStop finishes $1.5B raise to add Bitcoin to its balance sheet

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GameStop has successfully completed a debt offering, raising capital that may be used to acquire Bitcoin, signaling the company’s deeper foray into digital assets. The move aligns with its broader strategy to diversify beyond traditional retail operations and into emerging financial technologies.

While GameStop has not confirmed the exact allocation of the funds, market speculation suggests that a portion could be used to buy Bitcoin, following in the footsteps of companies like MicroStrategy. The potential investment would reinforce GameStop’s ongoing pivot toward blockchain and digital assets, an effort that began with its NFT marketplace and crypto-related initiatives.

Analysts see this development as part of a growing trend of corporations exploring Bitcoin as a reserve asset amid concerns over inflation and monetary policy. If GameStop proceeds with the acquisition, it could further validate Bitcoin’s role as a strategic investment for publicly traded companies.

The company’s board will ultimately decide how the newly raised capital is deployed. Investors and the broader crypto market are watching closely for any official announcements regarding GameStop’s Bitcoin strategy.

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