December 29, 2023 By Anjali Kochhar In a surprising legal dispute in the small Texas town of Channing, a 23-year-old NYU student, Jerry Yu, has unintentionally become a case study in how Chinese nationals move money from China to the United States without attracting the attention of authorities in either country, the New York Times […]

December 29, 2023 By Sharan Kaur Phillora Hong Kong is set to redefine its approach to stablecoin regulation, as indicated in a recent consultation paper published on December 27 by the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA). The proposal mandates that all fiat-referenced stablecoin (FRS) issuers acquire a license

December 28, 2023 By Anjali Kochhar The government of Prime Minister Fumio Kishida has been reviewing suggestions on how to support the growth of the sector, which it views as a cornerstone of economic transformation. According to CoinDesk Japan, the ruling Liberal Democratic party of Japan proposed that the tax on unrealized cryptocurrency gains be

December 28, 2023 By Sharan Kaur Phillora Hong Kong is taking a major step forward by allowing retail access to spot cryptocurrency exchange-traded funds (ETFs), which marks a significant shift from the city’s earlier stance. Here’s what we know: Previously, Hong Kong only permitted retail participation in cryptocurrency futures ETFs. This new initiative by the

December 27, 2023 By Sharan Kaur Phillora ZA Bank, a leading figure in Hong Kong’s virtual banking sector, has announced a sweeping expansion of its services into the Web3 domain, specifically targeting a roster of 80 companies, including the notable OKX. This move underscores the bank’s commitment to integrating technology with finance, aiming to offer

December 27, 2023 By Anjali Kochhar The global financial landscape is experiencing a profound revolution, driven by the escalating wave of cryptocurrency adoption. What was once considered on the fringes of finance has now become a force reshaping traditional banking, investment strategies, and commercial transactions. In this dynamic journey of innovation and decentralization, industry leaders

December 26, 2023 By Sharan Kaur Phillora Hong Kong’s financial regulators have signaled a significant shift in their approach to cryptocurrencies, opening the door for creating spot crypto exchange-traded funds (ETFs). In a joint statement released on December 22, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) announced their readiness to

December 26, 2023 By Anjali Kochhar The cryptocurrency market took us on a rollercoaster ride in 2023, swinging between moments of exhilarating highs and challenging lows, grabbing the world’s attention with its dynamic and often unpredictable nature. As we turn the page to 2024, a pivotal question emerges: What significant changes and advancements will steer

December 26, 2023 By Anjali Kochhar According to Coinbase experts, the introduction of spot Bitcoin exchange-traded funds (ETFs) in the US may result in a lack of “regulated” Bitcoin, sending BTC tickers down $44,134, and hurting a well-liked trading technique. Less than three weeks remain before spot Bitcoin ETFs might potentially be approved, and many

December 25, 2023 By Sharan Kaur Phillora In a groundbreaking move, Ubisoft, a leader in the gaming industry, ventured into the world of blockchain gaming with the launch of the “Warlords” NFT collection for their upcoming game, “Champions Tactics: Grimoria Chronicles.” This initiative marks a significant stride in the integration of blockchain technology into mainstream