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Business

China’s Shandong province aims for $20B metaverse valuation by 2025
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12 September, 2023

China’s Shandong province aims for $20B metaverse valuation by 2025

Shandong province aims to become a metaverse hub, investing heavily to attract industry giants and reach a 150 billion yuan...
Singapore’s new president is a digital asset sceptic who once called crypto ‘slightly crazy’
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11 September, 2023

Singapore’s new president is a digital asset sceptic who once called crypto ‘slightly crazy’

Tharman Shanmugaratnam, who won over 70% of the votes to become president, is a former MAS chair and IMF executive...
DeFi firms Opyn, ZeroEx, Deridex face charges over illegal retail commodity offerings
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11 September, 2023

DeFi firms Opyn, ZeroEx, Deridex face charges over illegal retail commodity offerings

The CFTC charged three DeFi protocols for illegally offering leveraged retail commodity transactions, with the regulator claiming using smart contracts...
Linus Financial settles SEC charges over digital asset lending product
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11 September, 2023

Linus Financial settles SEC charges over digital asset lending product

Linus Financial offered interest-bearing accounts to U.S. investors, which the securities regulator says is a securities contract, but it took...
Japanese regulator proposes digital asset tax reform
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11 September, 2023

Japanese regulator proposes digital asset tax reform

The proposed tax revision includes the elimination of year-end "unrealized gains" on digital assets, which Japan's FSA said would help...
Google updates digital asset policy to allow NFT gaming ads
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11 September, 2023

Google updates digital asset policy to allow NFT gaming ads

Google now permits ads from games that use NFTs to allow users to purchase in-game items to enhance experience, although...
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