June 15, 2023 By Anjali Kochhar In a compelling testimony before the U.S. House Financial Services Committee yesterday Ava Labs CEO Emin Gün Sirer emphasised the urgent need for U.S. officials to support and nurture responsible blockchain innovation. Gün Sirer warned that failing to recognise the potential of this revolutionary technology could result in disastrous consequences […]

June 15, 2023 By Tsering Namgyal While the world remains wary about stablecoins in the aftermath of the Terra Luna scandal and the collapse of the crypto exchange FTX, Hong Kong appears to be moving ahead with regulations governing cryptocurrencies pegged to traditional assets. The Hong Kong Monetary Authority (HKMA) has completed a public consultation on stablecoin

June 14, 2023 By Tsering Namgyal Crypto.com will stop serving institutional clients in the United States citing limited demand from institutional investors, according to Cointelegraph. The suspension of the service will start June 21. The Singapore-based cryptocurrency exchange – which recently obtained Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) for digital

June 14, 2023 By Murtuza Merchant The cryptocurrency industry has recently come under scrutiny with the U.S. Securities and Exchange Commission (SEC) filing charges against prominent cryptocurrency exchanges, Binance and Coinbase.  This has sparked a wide range of responses from industry experts. Simon Jones, CEO and Co-Founder of Voltz Labs believes that the SEC’s actions

June 13, 2023 By Murtuza Merchant Paolo Ardoino, Chief Technology Officer of Bitfinex and Tether has shared insights into the companies’ strategies amidst the evolving global regulatory landscape.  In an interview with NFTMetta, Ardoino emphasized their focus on monitoring regulations in key markets and engaging with regulators for licenses.  He discussed the potential in emerging

June 13, 2023 By Anjali Kochhar Hong Kong, known for its proactive regulation and aspiration to become a digital hub, has invited leading cryptocurrency exchange Coinbase and other global virtual asset trading operators to establish operations in the region. Legislative Council member Johnny Ng publicly expressed his support and assistance to these companies via Twitter,

June 12, 2023 By Sharan Kaur Phillora Cryptocurrency regulations are evolving globally, with Hong Kong and the U.S. offering contrasting approaches. Hong Kong’s progressive measures, including the recent Anti-Money Laundering and Counter-Terrorist Financing Amendment Bill, aim to boost consumer trust and crypto industry growth. Conversely, the U.S. SEC’s strict regulations have faced backlash for potentially

June 12, 2023 By Murtuza Merchant The release of promising employment figures last Friday indicated a vibrant U.S. labor market, which surpassed financial forecasters’ anticipations with an impressive surge in nonfarm payrolls and a slight increase in joblessness.  The impact of these statistics on the future direction of digital asset markets, however, has sparked discussion

June 9, 2023 By Anjali Kochhar Polemos, a global blockchain game platform provider, has launched “The Armory,” the world’s first independent blockchain game platform for collateral-free and deposit-free digital asset rental. This platform aims to revolutionize the gaming industry by offering low-cost digital asset renting without the need for deposits or providing mere copies of

June 9, 2023 By Anjali Kochhar Singapore and Hong Kong are emerging as potential global hubs for the cryptocurrency industry as the United States intensifies its regulatory crackdown, according to industry executives. The US Securities and Exchange Commission (SEC) has imposed fines and penalties on crypto-lending firms, and banks have tightened policies, making it difficult