Swiss Bank SEBA has taken a significant leap forward by securing permission to conduct cryptocurrency operations in Hong Kong. On Wednesday, the Hong Kong regional branch of the Swiss crypto bank received an approval-in-principle (AIP) from the city’s securities regulator. This marks the initial step towards becoming a licensed virtual asset service provider in the...Read More
Hong Kong Regulator on crypto exchanges Hong Kong’s rapid embrace of cryptocurrency and Web3 technology reflects significant advancements in mainland China, according to Animoca co-founder Yat Siu. Siu pointed to China’s Web3 whitepaper release in May, showcasing the country’s focus on internet tech. Hong Kong’s crypto-friendly regulations have garnered attention in mainland China, providing a...Read More
Changpeng Zhao, also known as “CZ,” the founder and CEO of Binance, shares his insights on China’s recent release of the Web3 Innovation and Development White Paper. The timing of this white paper coincides with the impending rollout of Hong Kong’s cryptocurrency licensing system. China’s Web3 White Paper Unveiled The Beijing Municipal Science & Technology...Read More
Blockchain payment giant Ripple Labs continues to sell XRP from the escrow account despite the ongoing lawsuit filed by the SEC accusing the former of selling unregistered securities. As the world ushered in the third month of 2023, Ripple Labs received 1 billion XRP from the escrow account. Notably, the company received the XRP tokens...Read More
As the ripple-SEC litigation progresses, crypto lawyer and XRP amicus curiae John Deaton has said that U.S. crypto regulation is not on the horizon. According to Deaton, there is little chance of reasonable crypto legislation being enacted in the United States any time soon. He stated: “I believe the 1st or 2nd Quarter of 2025...Read More
There are a lot of obstacles on the future road of the crypto space. Some prominent names consider the space a digital money bank, while some don’t even consider cryptocurrency money. Today, a court in South Korea has made it clear that any legal interest limit that applies to traditional money loans does not apply...Read More
The Crypto mom, Hester Pierce said that Stablecoins regulatory moments should be allowed for trial and error and, also a room for failure. Hester Pierce, the SEC’s commissioner, has backed a regulatory framework for stablecoins. She also hosted an online panel on May 12th by financial think-tank the official Monetary and Financial Institutions Forum(OMFIF). Pierce,...Read More
