Ad Hong Kong is likely to license at least eight crypto companies by the end of the year, according to Forkast News. The licenses will be issued as a part of Hong Kong’s new crypto licensing regime, as the Forkast News article noted. The information was stated by Angelina Kwan,…
The United States Office of the Comptroller of the Currency (OCC) officially announced the establishment of its Office of Financial Technology on March 30. The new office will broaden the OCC’s technology focus and help it stay abreast of the rapid developments in the banking industry, it said. The Office…
Ad The Avalanche Foundation has launched an initiative that will see it support non-fungible token (NFT) artists, as announced in a blog post. Avalanche forms digital artist initiative Avalanche says that its initiative, titled Avaissance, will be made up of two parts. The first part of the initiative involves an…
The government of the United Kingdom has laid out plans to step up regulation of crypto assets in its efforts to respond to economic crime in the country. In a policy paper released on March 30, the U.K. Treasury and Home Office said it planned to “robustly” regulate crypto to…
Ad Crypto exchanges Coinbase and Kraken have stated that they plan to continue operating in Canada. Coinbase says it will serve Canadians Coinbase said in a March 30 blog post that Coinbase Canada has signed an enhanced pre-registration undertaking with Canadian securities regulators. The company added that its Canadian presence…
Boerse Stuttgart Digital, the digital asset brand of the Boerse Stuttgart exchange group, announced March 30 that its blocknox service has received final licensing from the German Federal Financial Supervisory Authority (BaFin) to operate as a crypto custodian. Boerse Stuttgart Group now offers fully regulated brokerage, trading, and custody of…
Op-ed: Binance’s reputation at risk as CFTC allegations raise concerns Trust is essential in the cryptocurrency market, and if Binance is seen as a bad actor that trades against its users, it could result in a loss of confidence from its clients and investors. 21 hours ago · 3 min…
Japan’s Finance Ministry is planning to establish an expert panel in April to explore the feasibility of introducing a digital yen, Japanese news outlet NHK reported. According to the report, the ministry’s panel will focus on the creation of a framework for a central bank digital currency (CBDC) and will…
Ad Disgraced FTX founder Sam Bankman-Fried (SBF) pleaded not guilty to all federal indictments filed against him during a March 30 hearing, including the bribery charges unsealed last week, CNBC reported. SBF’s lawyer Mark Cohen told reporters that he intends to file a motion to mitigate some of the charges…
Do Kwon, currently in custody in Montenegro and potentially awaiting extradition to the United States or South Korea, will reportedly face harsh conditions in the country’s penal system. According to a March 29 Protos report, an unnamed criminal defense lawyer said conditions at Montenegro’s jails and prisons “haven’t changed” from…