Hong Kong will soon pass stablecoin legislation and establish licensing rules for over-the-counter (OTC) transactions and digital asset custody services. Financial Secretary Paul Chan announced the plans during the Hong Kong Web3 Festival on Monday, signaling the city’s ongoing push to refine its Web3 policy. The new legislative framework will
Bitcoin and the broader crypto market show resilience as U.S. equities face a brutal selloff. President Donald Trump’s unveiling of reciprocal tariffs sparked a $5.4 trillion wipeout in just two days. The S&P 500 dropped to its lowest in 11 months, while the Nasdaq 100 entered bear market territory. Despite
U.S. SEC Acting Chair Mark Uyeda has ordered an agency-wide review of multiple crypto-related regulatory statements. This move aligns with Executive Order 14192, titled “Unleashing Prosperity Through Deregulation.” The directive aims to rescind or revise guidance inconsistent with current SEC priorities. Statement from Acting Chairman Mark Uyeda: Pursuant to Executive
BlackRock is now a registered crypto asset firm approved by the Financial Conduct Authority (FCA) in the UK, with permission to allow the world’s largest asset manager to facilitate ETP transaction transfers by means of iShares Digital Assets AG. The approval granted by the FCA allows BlackRock to act as
When so many cryptocurrencies are being launched what is the proper strategy to choose the right cryptocurrencies to invest into? With the crypto market in a constant state of flux, it presents itself as quite nigh impossible to identify these precious opportunities. Crypto is, at its core, digital money that
After February’s staggering $1.5 billion loss from the Bybit hack, March brought a significant improvement to the cryptocurrency security landscape. According to blockchain security firm CertiK, crypto-related scams and exploits and hacks reached only $28.8 million in March while experiencing a massive 98% decline from the previous month. Code Vulnerabilities
The Financial Services Agency (FSA) of Japan is about to classify crypto assets as financial products. With this action, insider trading will be regulated, and investors will be given more protection. As a Nikkei report states, the FSA will submit these legislative amendments to the parliament by 2026. The amendments
UK officials have frozen nearly $7.7 million (£6 million) worth of illicit crypto assets in one year. The crackdown follows new powers granted to law enforcement in April 2024. These powers allow the National Crime Agency (NCA) and police to freeze, seize, and destroy crypto linked to crime. The biggest
FTX will begin repaying its major creditors on May 30, marking a key step in the prolonged bankruptcy process. The collapsed crypto exchange has amassed $11.4 billion in cash for repayments. However, the payments will follow valuations from the bankruptcy petition date of November 11, 2022, creating a stark contrast
South Carolina has dismissed its lawsuit against Coinbase over its staking services, following Vermont’s lead. The lawsuit accused Coinbase of offering unregistered securities. The state’s decision marks a significant shift in regulatory actions against crypto staking in the U.S. On March 27, Coinbase and the South Carolina Attorney General’s securities
