July 6, 2023 By Anjali Kochhar In a significant move aimed at diversifying its foreign currency holdings, Argentina’s central bank has officially authorized the inclusion of the Chinese yuan as a recognised currency for bank deposits. The decision comes as Argentina grapples with a dwindling supply of U.S. dollars and seeks to explore alternative options […]

July 5, 2023 By Anjali Kochhar In a scathing critique of the U.S. Securities and Exchange Commission (SEC), Cameron Winklevoss, co-founder of Gemini, has slammed the regulatory agency for its decade-long failure to approve a spot Bitcoin exchange-traded fund (ETF). Winklevoss’s comments come as the first filing for a Bitcoin ETF approaches its 10-year anniversary

July 5, 2023 By Sharan Kaur Phillora South Korea’s National Assembly made a significant move in the realm of digital finance by passing the Virtual Asset User Protection Act, marking the country’s inaugural stride towards the establishment of a comprehensive legal infrastructure for cryptocurrencies. The Act is expected to be effective by next year. Here’s what

July 4, 2023 By Anjali Kochhar In a groundbreaking initiative, the Monetary Authority of Singapore (MAS) has unveiled its latest trials on public blockchain tokenisation. As part of Project Guardian, in collaboration with the Bank for International Settlements (BIS), MAS has outlined a comprehensive framework to address the risks associated with public blockchains and promote

July 4, 2023 By Sharan Kaur Phillora Hong Kong has taken a significant step towards becoming a global hub for Web3 development by establishing a task force to oversee its progress. Comprising 15 industry experts and 11 government officials, the task force aims to promote the responsible and sustainable growth of Web3 in the region.

July 3, 2023 By Anjali Kochhar FTX, the bankrupt international cryptocurrency exchange, is reportedly making strides towards revitalising its operations, according to CEO John Ray. The Wall Street Journal reported that the company has initiated the process of seeking interested parties for the reboot of its flagship exchange, FTX.com. Discussions with potential investors, including the exploration

July 3, 2023 By Sharan Kaur Phillora Hong Kong Digital Asset Exchange (HKD.com) has declared the inauguration of its High Rare Ecocurrency and Future LVA Public Chain Full Ecotoken LDao, marking a significant step in advancing the cryptocurrency industry and bolstering Hong Kong’s standing as a global market forerunner. Here’s what we know: The news

July 3, 2023 By Sharan Kaur Phillora Paysafe Payment Solutions, the European banking partner of Binance, is set to withdraw support from September 25. This development will affect Binance’s Euro transactions in the European Economic Area (EEA). The termination of this service will be carried out in a phased manner over the next few months, with

June 30, 2023 By Anjali Kochhar In a recent development, the International Monetary Fund (IMF) and the Bank for International Settlements (BIS) have published separate reports emphasising the potential of tokenisation in the future of the monetary system. While these reports paint a positive picture of tokenisation and its applications, critics argue that it may

June 30, 2023 By Sharan Kaur Phillora Shanghai, China’s largest city and financial hub, has unveiled an ambitious plan aimed at generating 50 billion yuan (approximately $6.9 billion) in metaverse-related revenue for its tourism and culture sectors by the end of 2025. Here’s what we know: Embracing the rapid advancements in artificial intelligence and augmented