virtual assets

Johnny Ng, a member of the Hong Kong Legislative Council, has extended an invitation to Ethereum (CRYPTO: ETH) founder Vitalik Buterin to visit Hong Kong. This was in response to Buterin's reservations about the long-term stability of Hong Kong's stance on cryptocurrency...

The Securities and Futures Commission (SFC) of Hong Kong granted an approval-in-principle (AIP) to crypto bank SEBA Hong Kong to offer crypto-related services. This AIP pertained to its application to conduct regulated activities in the region, encompassing dealings in securities,...

Hong Kong Virtual Asset Exchange (HKVAX) Friday announced it has received in-principle approval from Hong Kong's Securities and Futures Commission (SFC) to conduct Type 1 and Type 7 regulated activities. This move positions HKVAX as the third licensed virtual asset operator in Hong Kong....

Binance's Dubai subsidiary has received the Operational Minimum Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA). The license allows the cryptocurrency exchange to offer broker-dealer services in Dubai, initially to institutional and qualified retail...

Kuwait joined the list of jurisdictions implementing a comprehensive ban on cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), as the country's main financial regulator, the Capital Markets Authority (CMA), issued a circular outlining strict guidelines for...

South Korea's National Assembly has given the green light to the Virtual Asset User Protection Act, marking a significant stride towards establishing a legal structure for virtual assets. The legislation is set to come into force next year. The act, an amalgamation of 19 proposals put forth by...

First Digital, a Hong Kong-based trust company and authorized custodian, announced the introduction of its new U.S. dollar-pegged stablecoin, which will be governed by regulations in Asia. What Happened: The stablecoin, named First Digital USD or FDUSD, is planned to be fully backed by U....

Binance CEO Changpeng Zhao has drawn attention to a broadcast segment discussing cryptocurrencies, complete with the Bitcoin (CRYPTO: BTC) logo, on the state-run China Central Television. "This event is significant," he said. "Historically, broadcasts like these have been...

Cryptocurrency lender Amber Group is considering options for its Japanese unit, which may include a possible sale, according to Managing Partner Annabelle Huang. Huang revealed the firm's evaluation of the Japan operation is part of a strategic decision to shift its focus...

Decentralized finance (DeFi) services are increasingly becoming a national security concern in the U.S. due to their vulnerability to large-scale thefts and cyberattacks, according to the U.S. Department of the Treasury. A combination of factors, including the aggregation of funds, lack of...

Hong Kong is taking measures to position itself as a hub for virtual assets, as the city's regulators plan to hold a round-table discussion between cryptocurrency firms and bankers on April 28. What Happened: The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC...

The emirate of Ras Al Khaimah in the United Arab Emirates (UAE) is launching a free zone exclusively for digital and virtual asset companies called the RAK Digital Assets Oasis (RAK DAO). What Happened: The zone is designed to support emerging technologies such as blockchain, the...

RMS Titanic Inc, the company responsible for preserving and showcasing the sunken ship, is collaborating with Artifact Labs and Venture Smart Financial Holdings, a Hong Kong-based asset management firm, to turn the physical artifacts from the tragic voyage of 1912 into non-fungible token (NFT)...

Former FTX CEO Sam Bankman-Fried borrowed hundreds of millions of dollars from Alameda Research to purchase a stake in Robinhood Markets, according to court records. In an affidavit delivered to a Caribbean court before his detention, Bankman-Fried stated that he and FTX co-founder Gary Wang...

Brazilian President Jair Bolsonaro approved a crypto regulation bill on Thursday morning. The move establishes a comprehensive regulatory framework for the usage and trading of digital assets in the country, according to the federal government’s official journal (DOU). The crypto regulation...