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Kazakhstan’s Senate proposes revisions to digital asset mining bill
Revisions on the proposed virtual currency mining bill include the specification of the sub-types of permits available to miners and removing norms tied to mining services advertisements.
Dungeons & Dragons backpedals on proposed NFT ban following community uproar
Several firms have abandoned plans to launch their Dungeons & Dragons-inspired digital collectibles following the announcement of a proposed ban on NFTs, which the RPG publisher later retracted.
Hong Kong Monetary Authority skeptical against algorithmic stablecoins
In the "Conclusion of Discussion Paper on Crypto-assets and Stablecoins," HKMA confirmed that it received 58 submissions, urging it to adopt a "risk-based approach" towards regulating stablecoins.
Prime Trust lays off one-third of staff becoming the latest in a string of industry tragedies
Around 100 workers of Prime Trust were terminated as the firm faces financial woes brought about by COVID-19, with some sources saying the company also took a hit from the events in 2022.