Reflecting the growing acceptance of cryptos in the region, a court in Dubai has confirmed crypto salary payments to be legal.
The Dubai Court of First Instance has affirmed the legality of crypto payments for salaries under employment contracts in a landmark ruling on Aug. 15.
CryptoSlate
Meanwhile Franklin Templeton with $1.5 trillion assets under management has applied for a license to operate a crypto ETF index fund. The SEC signalled it will once again take a (long) while to process.
There is also speculation that Blackrock, with $10 trillion assets under management, could be looking into launching its own blockchain ecosystem. This does immediately raise interoperability questions, but they could get significant portions of the RWA (real world asset) sector to join them. The loser would be Ethereum.
On-chain data platform Token Terminal has set the stage for a potential seismic shift in the crypto ecosystem. It predicts that $10 trillion asset management giant and exchange-traded fund (ETF) issuer BlackRock is preparing to unveil its blockchain platform.
MITrade
The current market cap of the entire crypto industry is around $2 trillion, but it is projected to grow up to $100 trillion in the next 10 years.