In a striking shift that could reshape the digital asset landscape, we recently witnessed two major announcements from government entities—one in the West and another in the East—indicating a global acceleration towards integrating digital currencies into the formal economy.

Arizona officially enters the Bitcoin race

Lawmakers in Arizona passed the "Bitcoin Strategic Reserve Act," which allows the state treasury and pension funds to invest up to 10% of their available funds in Bitcoin and other digital assets. If signed into law, Arizona will be the first U.S. state to take this bold step, which could set a precedent encouraging other states to follow suit.

The digital dirham sees the light in Abu Dhabi.