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Bloomberg: Hong Kong's New Crypto Rules Pave Uncertain Path to Digital Asset Hub
2.6.2023
Hong Kong's financial regulator finally implemented its new regulatory framework for crypto on the first of June.
Under the new rulebook, the city-state will allow retail investors in the city to trade specific “large-cap tokens” on licensed exchanges, given that safeguards such as knowledge...
Wealthy Investors and Family Offices Embrace BTC Following Bank Failures, Says Swan Bitcoin Executive
2.6.2023
According to Steven Lubka, the head of private clients and family offices, as well as the managing director at Swan Bitcoin, wealthy investors and private offices have been gravitating towards bitcoin since the downfall of Silicon Valley Bank (SVB). Lubka stated that his firm has also observed...
Winklevoss twins' crypto exchange Gemini to seek UAE crypto license
1.6.2023
The United-States-based cryptocurrency exchange is now seeking a UAE license and reportedly told local media there was "hostility and lack of clarity" on regulations in the U.S
US Lawmakers To Hold Digital Asset Spot Market Hearing Next Week
1.6.2023
US lawmakers are slated to discuss digital asset spot markets during a congressional hearing next week.
The House Agriculture Committee will hold a hearing on June 6 titled “The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets.”
The committee has jurisdiction over...
US CFTC issues letter on digital asset derivatives, clearing compliance in 3 areas
30.5.2023
The letter is a reminder, but a highly specific one that is reminiscent of the SEC’s recent custody rule proposal in part
Venezuelan Petro Blockchain Faces Operational Difficulties, Hundreds of Wallets Allegedly Blocked
29.5.2023
The blockchain of the petro, the Venezuelan official cryptocurrency asset, has been facing difficulties, halting on May 24, with block production restarting on May 27 only to stop again on May 28. Asonacrip, a local cryptocurrency association, also reported that hundreds of petro wallets were...
Nigerian crypto company suspends withdrawals after BTC and naira compromise
27.5.2023
Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media
WEF White Paper on Crypto Asset Regulation Highlights Need for Regulation
26.5.2023
The World Economic Forum, in collaboration with its Digital Currency Governance Consortium, has released a paper on regulating crypto assets.
The international organization published the paper, titled "Pathways to Crypto-Asset Regulation: A Global Approach," on Thursday, stressing the urgency...
Circle Expands Euro-Pegged Stablecoin to Avalanche Blockchain
26.5.2023
On Thursday, the stablecoin issuer Circle Financial announced that the euro-pegged crypto asset EUROC is expanding natively on the Avalanche (AVAX) blockchain. According to Circle, several decentralized finance (defi) protocols and projects are supporting the new AVAX-issued EUROC asset....
WEF publishes crypto asset regulation recommendations for government, industry
25.5.2023
The World Economic Forum analyzed regulatory approaches to urge cooperation between international organizations, regulators and the crypto industry
Norway could go its own way on crypto asset regulation, central bank suggests
25.5.2023
International regulation may be too slow and may represent interests that are not in line with Norway’s, Norges Bank suggests in an annual report
Hong Kong Asset Manager Metalpha Secures $5M from Bitmain for Grayscale-Based Fund
25.5.2023
The firm has so far received $20 million out of its $100 million target for the fund
Binance CEO Claims Chinese Communities Are ‘Buzzing’ After CCTV Airs Crypto Segment
25.5.2023
On May 24, Binance CEO Changpeng Zhao, also known as CZ, shared through Twitter that “Chinese speaking communities are buzzing” following a news broadcast by state-operated media network China Central Television (CCTV) regarding Hong Kong’s latest cryptocurrency-focused regulatory...
Gate Group launches new virtual asset trading platform in Hong Kong
24.5.2023
As of May 23, users can deposit and withdraw virtual assets and participate in spot trading activities
ZA Bank plans digital asset retail trading in Hong Kong under new guidelines
24.5.2023
The bank announced its plans, part of its diversification strategy, the day after Hong Kong released its new guidelines
Crypto, TradFi Broadly Welcome IOSCO’s Proposed Norms for Digital Asset Markets
24.5.2023
The global regulator for securities markets released its first set of policy recommendations for the crypto sector on Tuesday
Prometheum subsidiary receives FINRA approval for digital asset qualified custody
23.5.2023
The approval marks the first time a digital asset custody provider has come under federal regulation as the SEC tightens custody rules
Crypto sees 5th week of outflows on 'poor' BTC sentiment: Coinshares
23.5.2023
Outflows across all digital asset investment products hit $232 million over the past five weeks, with BTC-related funds leading the carnage, per Coinshares
Nobel Prize Laureate Paul Krugman Warns of Disruption in Financial Markets Without US Dollar
23.5.2023
Nobel Prize-winning economist Paul Krugman says that no currency can play the role of the U.S. dollar. Commenting on the de-dollarization trend and the possible U.S. default, he emphasized that without the USD, “financial markets will be disrupted by the lack of any safe, liquid asset.” Economist...
South Korea to vote on bill requiring crypto asset disclosure for lawmakers
22.5.2023
A recent political scandal has prompted the proposal of legislation intended to ensure South Korean officials report all digital asset holdings above roughly $760