Hong Kong Dollar Stablecoin to Compete with USDT and USDC Proposed: Report
On July 4, the Vice President of Hong Kong University of Science and Technology, Cai Wensheng, penned a proposal for an HKD stablecoin. The policy proposal was also made by…
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Singapore Requires Crypto Companies to Hold Customer Funds in a Trust (Report)
The Monetary Authority of Singapore (MAS) will reportedly insist that cryptocurrency firms keep clients’ assets in a designated trust by the end of 2023. The step comes several months after…
UK Passes Bill Establishing Crypto and Stablecoins as Regulated Financial Activities
On June 28, King Charles III granted Royal Assent to a landmark bill to “regain control of the financial services rulebook.” The Financial Services and Markets Bill 2023 was approved…
Canadian Lawmakers Publish Report Defending And Supporting Crypto, Coinbase Approves
A Canadian House committee published a report on Wednesday providing 16 recommendations for how the nation’s government should regulate the blockchain industry – and they’re remarkably bullish. Crypto exchange Coinbase…
Circle Pays Close Attention to Hong Kong’s Crypto Policies, CEO Allaire Says
Jeremy Allaire – co-founder and CEO of the stablecoin-issuer Circle – said his company has been closely observing the regulatory developments in Hong Kong. The authorities of the former British…
UK House of Lords Approve Crypto Regulatory Bill
The UK’s Financial Services and Markets Bill (a proposed legislation that touches upon traditional monetary services and cryptocurrencies) has moved forward after the Parliament’s upper chamber – the House of…
Hong Kong Pressures Banks to Accept Crypto Exchanges as Clients: FT
Hong Kong’s banking regulator is applying pressure on banks in the city-state, including HSBC and Standard Chartered, to take on crypto exchanges as clients, despite regulatory crackdowns in other parts…
Over 50% of BTC on Exchanges Have Moved Outside the US Due to Regulatory Uncertainty: Data
Due to unclear regulations in the United States, more than half of the bitcoin (BTC) that crypto firms hold for their customers has moved to offshore and international exchanges. According…
Binance Lawyers Claim Gensler Offered to be Company Advisor
On June 7, attorneys from Gibson Dunn and Latham & Watkins, two of Binance’s law firms, made a court filing in response to the latest SEC crackdown. In it, they…
UK Adviser Calls for Regulation as AI Could Threaten Humanity in 2 Years
As Artificial Intelligence (AI) continues to attain breakthroughs in what’s possible, there is a growing concern about whether these innovations may become more powerful than their creators. Matt Clifford, chairman…
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