Hong Kong reiterates ‘crypto’ and stablecoin regulation pledge as crime skyrockets
Treasury Minister says Hong Kong is to introduce licensing regimes for VASPs, OTCs, and stablecoins to curb crime, which shot up five times in the past three years.
Treasury Minister says Hong Kong is to introduce licensing regimes for VASPs, OTCs, and stablecoins to curb crime, which shot up five times in the past three years.
Two workshops took place in Tokyo featuring presentations and discussions from representatives of nChain, BSV Blockchain Association, BitTrade exchange, and local BSV blockchain projects, alongside attendees from institutions like Keio University and Deloitte.
Hong Kong prohibits retail stablecoin trading until 2024 due to concerns about safety and redemption risks, pending the establishment of a regulatory framework.
On this episode of CoinGeek Conversations, Bernhard Müller details the process behind the Centi franc, explaining that for every token issued, the bank provides an equivalent amount of money as a guarantee in the event that Centi defaults.
U.S. Bankruptcy Court Judge John Dorsey has approved the plan by FTX Debtors to start selling roughly $3.4 billion worth of BTC, ETH, SOL and other tokens that were stranded on the digital asset exchange when it filed for bankruptcy protection.
PYUSD is being pitched as good for sending person-to-person payments, transferring to external wallets or funding purchases and users can convert PYUSD to other PayPal-supported digital assets.
Following the weekend news, Justin Sun tweeted to reassure Tron and Huobi customers that he remained a free man, while Huobi issued a blog post insisting that the exchange "is operating as usual."
In one of the biggest announcements at the London Blockchain Conference, it was revealed that Centbee users can receive remittances through Centi stablecoin.
In its latest report, Reuters claims that Binance violated U.S. financial rules regarding the strict church-state separation of customer funds from company revenue in 2020 and 2021.
Tether claims to have made nearly $1.5 billion in ‘net profit’ according to the latest Not An Audit™ by the company behind crypto’s most notorious stablecoin.
The company’s goal of onboarding over 1,000 merchants is looking “very realistic” given Centi’s new “very big partnership” with PayRexx, the Swiss e-payments aggregator that has relationships with over 40,000 Swiss businesses.
BoJ Governor Haruhiko Kuroda believes that while CBDC won't completely replace existing forms of payments, it is critical in boosting the strength of the industry and rallying for financial inclusion.