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Hong Kong Exposes Crypto Firms Misrepresenting as Licensed Banks


The Hong Kong Monetary Authority (HKMA) has issued a warning about the misuse of the term “bank” by overseas crypto firms operating in Hong Kong, cautioning the public to verify the legitimacy of such claims. The HKMA observed that two crypto firms, which are not licensed banks in Hong Kong...

Kasikornbank to Launch Thailand’s First Licensed Digital Asset Custodian


Kasikornbank Financial Conglomerate, a Thai banking giant, has said it plans to launch the country’s first licensed digital asset custodian. The service, called Orbix Custodian, is licensed by the Finance Ministry and supervised by the securities regulator. Kasikornbank is currently testing...

Quidax Becomes Nigeria’s First SEC Licensed Crypto Exchange


PRESS RELEASE. Lagos, Nigeria, 29th August 2024 – On Thursday, African-founded cryptocurrency exchange, Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a Digital Assets Exchange....

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