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Hong Kong Regulators Unveil Public Consultation Paper on Stablecoin Regulation


Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau have released a public consultation paper to gather residents’ opinions on the proposed regulatory regime for stablecoin issuers. The HKMA also announced the introduction of a sandbox arrangement whose purpose will...

New York Offers New Virtual Currency Guidance


On Nov. 15, 2023, the New York Department of Financial Services (NYDFS) issued new standards for virtual currency (coin) listings and delistings. These new regulations apply to Bitlicensees and limited-purpose trust companies and include business model considerations for virtual currency entities...

UK Treasury Unveils Regulatory Framework for Digital Securities Sandbox


Source: Pixabay The UK Treasury has revealed its regulatory framework for a Digital Securities Sandbox under the Financial Services and Markets Act. In a memo published on Monday, the UK Treasury explained that the purpose of these regulations is to establish a regulated setting, enabling both...

Meme Coin Goes Green: How One Crypto Project is Saving the Planet


Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Cryptocurrency presales allow early adopters to purchase tokens at exclusive discounted rates. One such purpose-driven crypto project, Chimpzee, is currently in the midst of a successful presale...

Report: Stablecoin Giant Circle Eyes 2024 Public Listing


According to anonymous sources familiar with the matter, Circle Internet Financial Ltd., the second-largest stablecoin issuer, plans to go public in 2024 via backing from Blackrock, Goldman Sachs, and others. The news follows Circle’s special-purpose acquisition company (SPAC) plans to offer...

Crypto Exchange Wants to See India Lower Tax on Trading


Indian government should lower a tax on crypto transactions as it’s not fulfilling its stated purpose, a local cryptocurrency exchange said. The company blames the levy, which was introduced last year, for driving Indian crypto trading volumes to overseas platforms. Indian Exchange Expects...

What Is XRP? A Brief History of the Real-Time Gross Settlement System


While Ripple has its critics, there exists a passionate ‘army’ of XRP advocates who firmly believe it represents the future of decentralized finance and cross-border settlement. In this Learning and Insights guide, our objective is to walk you through a brief history of Ripple and...

Lawmakers Probe SEC and FINRA Over ‘Shady Approval’ of Prometheum


U.S. lawmakers are probing the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regarding the “shady approval” of Prometheum “as the first and only special purpose broker-dealer for digital assets.” They raised concerns about the timing...

Cardano’s Charles Hoskinson Says Ethereum Classic Now a ‘Scam’


Charles Hoskinson, co-founder of the Cardano blockchain, has labeled the decentralized computing platform Ethereum Classic (ETC) a scam that is benefiting “insiders who dump on those they recruit.” Hoskinson claimed that “Ergo is what ETC should have been and continues...

UK Lawmakers Call for Crypto Trading to Be Regulated as Gambling


A committee of British lawmakers has recommended regulating crypto trading as gambling. Viewing retail trading of cryptocurrencies as more akin to gambling rather than a financial service, the U.K. Treasury Committee stated that “Cryptocurrencies such as bitcoin have no intrinsic value and serve...

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