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Report: UAE Central Bank Implements Digital Currency Strategy


The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and solidify the UAE as a leading global financial...

Crypto Firms in Hong Kong Get Boost as Regulators Host Meeting with Bankers


Hong Kong officials plan to host a meeting between crypto companies and bankers in an attempt to ease financing for the sector as the city pushes toward becoming a global crypto hub. The meeting, scheduled for April 28 at the Hong Kong Monetary Authority, is intended to “facilitate direct dialog”...

Chinese State-Owned Banks Extend Crypto-Friendly Hand to Hong Kong Firms


China’s state-owned banks are offering services to local cryptocurrency companies in Hong Kong as the city embraces a more friendly regulatory stance.  According to a Monday report from Bloomberg, a number of Chinese state-owned banks in Hong Kong have started offering services to crypto...

Justin Sun welcomes Hong Kong’s extended support to the VA industry


Hong Kong is confident of becoming a hub for the virtual asset sphere in the coming years. What brings this confidence is the role that the government of Hong Kong has assumed over the recent months amid the rise in the adoption of Web3 technologies and applications. This is evident from the speech...

Founder of Crypto Exchange Bitzlato Denies US Charges


The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over $700 million in illicit funds. Bitzlato Founder...

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