Mário Centeno, governor of Banco de Portugal, advocates for a universal framework for crypto regulation due to the global nature of digital assets. He believes national efforts alone won’t adequately protect investors, warning against potential regulatory arbitrage and exploitation of gaps by less ethical participants.
Search Results for: Portugal Central Bank
Cryptocurrency: The Dicey Dance between Global Regulation and Innovation Potential
Mário Centeno, head of Portugal Central Bank, calls for global cooperation in regulating cryptocurrencies due to the high-stake risks of digital assets and decentralized finance (DeFi). He believes uncoordinated international laws could be exploited by companies and that regulating global players at the national level may be ineffective.
Ethena Raises $6M to Launch Ethereum-based Stablecoin: A New Face of Crypto Stability or Overhype?
Ethena, a Portugal-based startup, recently raised $6 million in seed funding to develop a novel Ethereum-based stablecoin and an online savings bond. Influential contributors involved include BitMEX founder Arthur Hayes and crypto derivatives exchanges like Deribit and Bybit. Ethena’s unique stablecoin features on-chain custody, settlement, and user-provided collateral in perpetual swaps against Ethereum.
Examining Strategic Location Decisions for Crypto Startups: The Case of Immunefi’s Cross-Continental Operation
This article examines how geographical elements impact the success of crypto startups, using the experiences of Mitchell Amador, CEO of Immunefi. The article discusses the benefits and challenges of incorporating businesses in Portugal and Singapore, while emphasizing the importance of strategic growth and adaptability in the dynamic crypto industry.
Imminent $4.7 Billion Bitcoin Option Expiry: A Bullish Boost or Bearish Bane?
“The ongoing market uncertainties highlight potential impacts of the imminent $4.7 billion Bitcoin option expiry, possibly solidifying Bitcoin’s $30,000 price as long-term support. Conversely, regulatory obstacles, $128 million mining sell-pressure, and hints of additional rate hikes pose significant challenges for BTC traders.”