Business

Is Hong Kong opening up to digital assets?
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7 March, 2023

Is Hong Kong opening up to digital assets?

Many may see Hong Kong's latest regulation as a welcoming to digital asset exchanges, but the stringent requirements for licenses...
UK banks HSBC and Nationwide limits digital currency purchases with credit cards: report
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7 March, 2023

UK banks HSBC and Nationwide limits digital currency purchases with credit cards: report

HSBC and Nationwide are not the only banks with digital currency purchase restrictions in the U.K., as Santander, Lloyds Bank,...
China’s digital yuan sees dismal adoption in Hong Kong
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7 March, 2023

China’s digital yuan sees dismal adoption in Hong Kong

Despite a renewed push by the Chinese central bank to woo users in Hong Kong, only 625 hard wallets were...
Russian bank issues first blockchain-based bank guarantee in Chinese yuan
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7 March, 2023

Russian bank issues first blockchain-based bank guarantee in Chinese yuan

Moscow Credit Bank guarantee was issued on the Masterchain blockchain platform and was denominated under Chinese yuan worth around $144,600.
South Dakota amendment proposal prohibits use of digital currency as money
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7 March, 2023

South Dakota amendment proposal prohibits use of digital currency as money

If the proposed bill fulfills the legislative requirements, the amendments are expected to come into effect on July 1, 2024.
SEC’s accounting policy puts digital asset investors at greater risk, US lawmakers say
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6 March, 2023

SEC’s accounting policy puts digital asset investors at greater risk, US lawmakers say

Two Republican legislators wrote to the Fed, OCC, and FDIC, criticizing SAB 121 which was released a year ago; they...
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