Block reward mining activity remains legal in UAE but not on farm lands
Adafsa calls block reward mining on farms a misuse of land, threatening a hefty penalty for those involved in the activity and a possibility of jail time.
Search Results for: Hong Kong Monetary Authority
Hong Kong still weighing whether retail CBDC benefits outweigh the risks
The HKMA chief executive says the central bank is still determining whether there is a real need for a retail CBDC, adding that existing systems in Hong Kong are efficient.
Thailand approves first spot BTC ETF
Thailand joins Hong Kong and the United States in approving BTC ETFs this year, with the Thai SEC giving the green light to offer them only to wealthy investors.
Middle Eastern central banks eye CBDC for cross-border payments
At a recent World Economic Forum event, central bankers from Bahrain and Saudi Arabia discussed CBDC opportunities, from cross-border payments to interest rate moderation.
IMF urges Nigeria to regulate digital asset exchanges
The International Monetary Fund has recommended that Nigeria impose registration or licensing requirements on global digital asset trading platforms, following its 2024 Article IV consultation with Nigeria.
Asia-Pacific navigates diverse stablecoin regulations, experts weigh in
As APAC countries navigate the complex landscape of stablecoin regulations, industry stakeholders must tread carefully, balancing innovation and compliance in the market.
Hong Kong to issue new DLT adoption guidelines for banks
The Hong Kong Monetary Authority has promised to issue the new guidelines in the coming weeks but clarified that they will not be binding laws for users and will not be exhaustive.
PwC China, Xalts to promote tokenization, programmable assets in finance
Banking on Xalts' expertise in designing programmable assets, PwC China strikes a partnership with the firm to create a solution that would connect off-chain systems with blockchain-based solutions.
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.
EU body mulls including digital currency ETFs in UCITS for retail investors
For the first time since 2007, the European Securities and Markets Authority (ESMA) is reviewing which assets might be appropriate to include in UCITS.
Switzerland extends neutrality to AI regulations
Switzerland has been a neutral haven for hundreds of years, and with AI, it chooses to retain this approach, allowing the industry to develop at its own pace.
Zimbabwe cracks down on black market forex trade to prop up ZiG currency
Since the revived crackdown began, bankers say forex volumes on official channels have increased, but some merchants still refuse to accept the new ZiG currency.