RWA tokenization faces criticism, but regulatory clarity and institutional adoption prove it’s building the foundation for finance’s future. Opinion by: Alex Zhang, co-founder at Pharos Tokenizing real-world assets (RWAs) is not a self-contained solution to traditional finance problems. To claim such a thing would be one-dimensional. As it stands, RWA tokenization is under immense pressure to perform despite showing clear value and signs of progress. Despite its progressive trajectory, the criticism leveled at RWA tokenization is immense. Critics say that decentralization alone is enough. Read more
RWA tokenization faces criticism, but regulatory clarity and institutional adoption prove it’s building the foundation for finance’s future. Opinion by: Alex Zhang, co-founder at Pharos Tokenizing real-world assets (RWAs) is not a self-contained solution to traditional finance problems. To claim such a thing would be one-dimensional. As it stands, RWA tokenization is under immense pressure to perform despite showing clear value and signs of progress. Despite its progressive trajectory, the criticism leveled at RWA tokenization is immense. Critics say that decentralization alone is enough. Read more
Crypto laws are popping up across Africa as countries race to offer favorable conditions to the crypto industry and balance consumer safety concerns. Yesterday, the governor of the Bank of Ghana, the country’s central bank, said that crypto regulations will be in place by the end of 2025. This follows draft guidelines the bank published last year. By introducing a strong legal footing for crypto investors and companies, Ghana will join nine other countries on the continent that have laws in place for digital assets. In general, crypto adoption is growing in Africa, particularly in Sub-Saharan Africa. Grassroots adoption and retail activity make it the third-fastest-growing region for crypto. Read more
Crypto laws are popping up across Africa as countries race to offer favorable conditions to the crypto industry and balance consumer safety concerns. Yesterday, the governor of the Bank of Ghana, the country’s central bank, said that crypto regulations will be in place by the end of 2025. This follows draft guidelines the bank published last year. By introducing a strong legal footing for crypto investors and companies, Ghana will join nine other countries on the continent that have laws in place for digital assets. In general, crypto adoption is growing in Africa, particularly in Sub-Saharan Africa. Grassroots adoption and retail activity make it the third-fastest-growing region for crypto. Read more
HMRC has issued 65,000 crypto tax warning letters, but experts say UK investors who haven’t been contacted could still owe taxes. UK crypto investors could face tax bills even if they haven’t received warning letters from HM Revenue & Customs (HMRC), as the agency steps up efforts to track undeclared digital asset income. Last week, the Financial Times revealed that HMRC issued nearly 65,000 “nudge letters” in the 2024–25 tax year, more than double the number sent the year before. The letters urge investors to review their filings and voluntarily declare crypto-related gains before potential audits begin. However, tax experts warn that the agency’s growing use of exchange data and international reporting agreements means that investors who haven’t received a letter shouldn’t assume they’re in the clear. Read more
HMRC has issued 65,000 crypto tax warning letters, but experts say UK investors who haven’t been contacted could still owe taxes. UK crypto investors could face tax bills even if they haven’t received warning letters from HM Revenue & Customs (HMRC), as the agency steps up efforts to track undeclared digital asset income. Last week, the Financial Times revealed that HMRC issued nearly 65,000 “nudge letters” in the 2024–25 tax year, more than double the number sent the year before. The letters urge investors to review their filings and voluntarily declare crypto-related gains before potential audits begin. However, tax experts warn that the agency’s growing use of exchange data and international reporting agreements means that investors who haven’t received a letter shouldn’t assume they’re in the clear. Read more
Ferrari is deepening its crypto push with a new digital token for its top clients, letting them bid on the Le Mans-winning 499P as part of a limited auction set to launch in 2027. Ferrari is entering the cryptocurrency world with plans to launch a digital token that will allow its wealthiest fans to bid on one of its most iconic racing cars, the Ferrari 499P, a Le Mans-winning endurance model. The Italian carmaker will issue the “Token Ferrari 499P” in partnership with fintech firm Conio, aimed exclusively at members of its Hyperclub, a private network of 100 elite clients with a passion for endurance racing, according to a Saturday report by Reuters. “This is about strengthening the sense of belonging among our most loyal customers,” Enrico Galliera, Ferrari’s chief marketing and commercial officer, reportedly said. Read more
Ferrari is deepening its crypto push with a new digital token for its top clients, letting them bid on the Le Mans-winning 499P as part of a limited auction set to launch in 2027. Ferrari is entering the cryptocurrency world with plans to launch a digital token that will allow its wealthiest fans to bid on one of its most iconic racing cars, the Ferrari 499P, a Le Mans-winning endurance model. The Italian carmaker will issue the “Token Ferrari 499P” in partnership with fintech firm Conio, aimed exclusively at members of its Hyperclub, a private network of 100 elite clients with a passion for endurance racing, according to a Saturday report by Reuters. “This is about strengthening the sense of belonging among our most loyal customers,” Enrico Galliera, Ferrari’s chief marketing and commercial officer, reportedly said. Read more