Regulatory Action - Algeria has declared a total crypto ban, encompassing ownership, trading, mining, and promotion [1] - The law classifies crypto assets as financial property, criminalizing their use under anti-money laundering and counter-terrorism regulations [1] - Violators could face up to one year in prison and fines of nearly $7,700, impacting platforms, wallet providers, and promoters [2] Market Impact - The ban aims to protect financial stability and reduce crime, aligning with FATF global standards [3] - Critics suggest the ban could stifle innovation, impacting Algeria's once fast-growing crypto market in the MENA region [3] - Algeria joins a shrinking list of nations opting for total bans, diverging from the regulatory approach adopted by many others [4] Enforcement - Monitoring will intensify, with Algeria's financial and security agencies coordinating enforcement both online and offline [3] - The ban follows prior restrictions in 2018, despite which citizens continued using peer-to-peer methods and foreign exchanges [2]

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Ethereum Ecosystem - Ethereum genesis block迎来10周年 [1] Investment Opportunity - Binance Earn提供ETH质押服务，年化收益率高达3% [1]

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🇩🇿 NEW: Algeria enacts comprehensive cryptocurrency ban, prohibiting the buying, selling, trading, holding, and mining of Bitcoin and all virtual assets.It also bans crypto exchanges and using digital assets as payment or investment instruments. https://t.co/cgFTLmWRRk ...

RT Bitcoin Magazine (@BitcoinMagazine)15 years ago today, Satoshi Nakamoto said: "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."Today, Bitcoin is now a global currency and store of value ✨ https://t.co/AJtzEnZGGb ...

Market Trends & Industry Dynamics - Fundstrat believes stablecoins are bringing a "ChatGPT moment" to the cryptocurrency sector, indicating a significant development milestone [1] - Stablecoins are exhibiting viral user growth, converging around Ethereum [1] - The cryptocurrency sector may witness a wave of innovation similar to the AI sector's surge driven by ChatGPT [1] Ethereum's Position - This stablecoin-driven development may reshape the industry status of smart contracts and Ethereum [1] - It is expected to significantly enhance Ethereum's dominance in the cryptocurrency space [1]

According to CryptoBriefing, Algeria enacted Law No. 25-10 on July 24, officially banning the issuance, sale, purchase, holding, use, and promotion of all crypto assets, including Bitcoin. The law also criminalizes crypto mining, the use of digital wallets, and the operation of cryptocurrency trading platforms. https://t.co/FhjxJSdYV7 ...

In another sign of growing mainstream acceptance of digital assets, US regulators have approved a key process that brings cryptocurrency exchange-traded products more in line with their traditional counterparts https://t.co/sTUWzKIjD0 ...

PayPal is about to let you pay with crypto. The company said it's launching the new payment method in coming weeks, allowing US merchants to accept more than 100 types of cryptocurrencies. PayPal says the option will also help merchants avoid big transaction fees when accepting international payments. ...