December 4, 2023 By Sharan Kaur Phillora The Hong Kong Securities & Futures Professionals Association, a prominent trade group in the financial industry, has made a significant proposal to establish an Initial Coin Offering (ICO) portal in Hong Kong.  Here’s what we know: This suggestion is part of their input for the 2024-2025 budget recommendations, indicating […]

December 4, 2023 By Anjali Kochhar In a groundbreaking move to fortify the integrity of the cryptocurrency sector, the Financial Stability Board (FSB) has unveiled a far-reaching report proposing stringent global regulations. Released on November 28, 2023, the report specifically targets Multifunction Crypto-asset Intermediaries (MCIs), including industry giants like Binance and Coinbase. The FSB underscores

December 1, 2023 By Sharan Kaur Phillora In a startling development, renowned footballer Cristiano Ronaldo is embroiled in a legal battle following a class-action lawsuit filed against him. The suit, initiated by plaintiffs Michael Sizemore, Mikey Vongdara, and Gordon Lewis, alleges that Ronaldo’s promotion of the crypto exchange Binance led to significant financial losses for investors.

December 1, 2023 By Anjali Kochhar Discussions are underway between the Reserve Bank of India and counterparts like the U.S. Federal Reserve, the Hong Kong Monetary Authority (HKMA), and Swift concerning the possible adoption of a Central Bank Digital Currency (CBDC) for facilitating cross-border payments. According to The Economic Times, insider sources have disclosed the

November 30, 2023 By Sharan Kaur Phillora and Tsering Namgyal China is shifting its approach to regulating the generative artificial intelligence (AI) sector, moving from stringent controls to supportive measures. This change is vital for Chinese tech firms venturing into AI, an area where China aims to be a global leader. “The Beijing Internet Court made

November 30, 2023 By Anjali Kochhar In a bold move that could reshape the landscape of real estate development, billionaire entrepreneur Mark Cuban has thrown his weight behind the integration of blockchain technology in large-scale urban projects. This comes on the heels of a visionary proposal by serial entrepreneur Jason Calacanis, who advocated for the

November 30, 2023 By Sharan Kaur Phillora In response to growing concerns over cryptocurrency scams in Hong Kong, Chief Executive John Lee Ka-chiu has indicated a possible strengthening of regulatory powers.  Here’s what we know: This move comes after the Securities and Futures Commission (SFC) was criticized for its inability to shut down Hounax, an

November 29, 2023 By Anjali Kochhar Understanding the complex dance of tokenomics is crucial in the fast-paced world of cryptocurrencies, where innovation is the norm and trends alter as quickly as the digital assets themselves. The evolution of tokenomics over time Mr. Edul Patel, CEO of Mudrex, a leading crypto investment platform, sheds light on

November 29, 2023 By Sharan Kaur Phillora Standard Chartered, a leading British multinational bank, has recently embarked on a groundbreaking venture by participating in the pilot testing of China’s e-CNY, the digital yuan central bank digital currency (CBDC). This notable move positions Standard Chartered as one of the first foreign banks to be involved in

November 28, 2023 By Sharan Kaur Phillora Singapore’s Monetary Authority (MAS) has taken a decisive step in regulating the crypto market by releasing the final tranche of regulations for Digital Payment Token (DPT) service providers. These regulations, which have been the subject of extensive consultation and feedback, aim to enhance business conduct, consumer access, and