Those that collateralize their assets in DeFi are doing it because “the number go up,” and those who are borrowing do it also because “the number go up,” author ZeMing Dao writes.
The Nova Scotia Securities Commission has warned against CoinRise, saying that the exchange isn’t registered and that users have been unable to withdraw funds.
There are currently no imminent plans to launch a central bank digital currency in New Zealand, according to a Reserve Bank of New Zealand senior executive.
Bangko Sentral ng Pilipinas said it will not be exploring the retail version of its central bank digital currency but will focus its efforts on transactions between financial institutions.
The Financial Services Commission has brought forward a new structure of penalties for exchanges that fail to properly implement anti-money laundering measures.
The Philippine central bank has approved the application of Philippine Digital Asset Exchange (PDAX) to operate in the country.
MUFG's Progmat Coin, with support from Mizuho, seeks to revolutionize settlements in Japan's payment ecosystem with lower costs and enhanced security amid rising stablecoin initiatives.
Authorities in South Korea aim to recover unpaid taxes by seizing digital currencies from tax evaders in Cheongju via legal measures.