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
Hong Kong
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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
Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area
With 11 megalopolises and three currencies, Guangdong, Hong Kong and Macao make up a region that is ripe for CBDC research. Go to Source Powered by WPeMatico
Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin
The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation. Go to Source Powered by WPeMatico
Hong Kong Virtual Assets Consortium launched with Huobi as first member
The new consortium will provide ratings of digital asset trading platforms and cryptocurrency market indexes when it becomes operational. Go to Source Powered by WPeMatico
AML rules for digital assets to come into effect in UAE
The licensed financial institutions would be required to identify and verify the identities of all customers. Go to Source Powered by WPeMatico
Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening
Hong Kong’s retail trading regime is days away from going live and crypto exchanges are keen to make entry into the region. Go to Source Powered by WPeMatico
From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29
Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1. Go to Source Powered by WPeMatico
Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down
This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis. Go to Source Powered by WPeMatico
Chinese state media removes video on crypto after Binance CEO calls it ‘big deal’
Although China has maintained a hostile stance against crypto, the recent developments in Hong Kong got many to speculate about its impact on China. Go to Source Powered by WPeMatico
