Hong Kong and the US aim for stablecoin regulations by 2024
The U.S. is another country currently working on stablecoin market regulations having introduced three drafts of the bill until June first week. Go to Source Powered by WPeMatico
Cryptocurrencies
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Crypto fund outflows reach $417M over 8 weeks as investor caution persists
According to CoinShares, digital asset investment product outflows amounted to $88 million last week. Go to Source Powered by WPeMatico
U.S. Senator Lummis revamps efforts for crypto regulations amid SEC lawsuits
The regulatory framework will allow individuals and companies to own and trade digital assets in America. Go to Source Powered by WPeMatico
Hong Kong legislator invites Coinbase to the region amid SEC scrutiny
Hong Kong fosters a favorable environment for industry growth amid its active regulation and dedication to becoming a digital hub. Go to Source Powered by WPeMatico
EU needs further efforts to implement crypto regulations: Btc. x CEO
The CEO of Btc. x mentioned the possibility of governments deeming the MiCA framework inadequate, leading to a two-sided power dynamic. Go to Source Powered by WPeMatico
Nigeria to tax crypto, digital assets 10% on capital gains: Experts react
The Act aims to enhance fiscal transparency, boost revenue and recognize cryptocurrencies as legitimate assets. Go to Source Powered by WPeMatico
SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’
The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf. Go to Source Powered by WPeMatico
EU starts countdown to crypto legislation, adds MiCA to official journal
MiCA, which comes into effect by the end of 2024, aims to create a consistent regulatory framework for crypto assets among European Union member states. Go to Source Powered by WPeMatico
US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines
Bittrex owes $29 million on penalties for sanctions violations and may still face penalties in a case brought by the SEC. Go to Source Powered by WPeMatico
Ankr–Microsoft partnership continues with blockchain creator tool debut
The partnership was preceded by the launch of an enterprise node hosting service on Microsoft Azure. Go to Source Powered by WPeMatico