VISA AND MASTERCARD DELAY NEW CRYPTO PARTNERSHIPS AMID REGULATORY UNCERTAINTY |1300 HKT | 0600 UKT | 2 March 2023

by Александр Пирогов | Mar 2, 2023 | Blog News

Visa and Mastercard have reportedly decided to delay launching new partnerships with crypto companies until there is more clarity in the regulatory framework and the market conditions improve. The spokesperson at Visa stated that the recent high-profile failures in...

BINANCE USD FACES MAJOR OUTFLOW FOLLOWING REGULATORY CRACKDOWN ON ITS ISSUER |1300 HKT | 0600 UKT | 2 March 2023

by Александр Пирогов | Mar 2, 2023 | Blog News

Binance’s stablecoin, Binance USD, has experienced a significant outflow of almost $6 billion following a recent US regulatory crackdown on its issuer Paxos Trust Company. The US Securities and Exchange Commission (SEC) has previously alleged that the token was...

UAE EMIRATE TO LAUNCH A FREE ZONE TO ATTRACT DIGITAL AND VIRTUAL ASSETS SERVICE PROVIDERS |1300 HKT | 0600 UKT | 1 March 2023

by Александр Пирогов | Mar 1, 2023 | Blog News

Ras Al Khaimah, one of the seven Emirates of the UAE, will reportedly launch the world’s first free zone dedicated solely to companies operating in the crypto industry. The RAK Digital Assets Oasis (RAK DAO) allows entrepreneurs to have complete ownership of their...

EX-FTX ENGINEERING DIRECTOR TO PLEAD GUILTY IN FTX’S FRAUD CASE |1300 HKT | 0600 UKT | 1 March 2023

by Александр Пирогов | Mar 1, 2023 | Blog News

Nishad Singh, a former FTX’s engineering director, has reportedly pleaded guilty to six counts of criminal charges and agreed to cooperate with prosecutors to investigate the crypto exchange founder Sam Bankman-Fried. Singh admitted that he knew Alameda Research,...

HONG KONG TO ESTABLISH VA TASK FORCE TO BOOST VIRTUAL ASSET INDUSTRY |1300 HKT | 0600 UKT | 1 March 2023

by Александр Пирогов | Mar 1, 2023 | Blog News

Hong Kong’s Financial Secretary Paul Chan announced during the 2023-24 Budget Speech that he would establish and lead a task force on virtual asset development to enhance the city’s position in the industry. The task force will reportedly be overseen by...

SEC PROPOSES TO EXPAND THE SCOPE OF REQUIREMENTS UNDER THE 2009 CUSTODY RULE, COVERING CRYPTO |1300 HKT | 0600 UKT | 17 February 2023

by Александр Пирогов | Feb 17, 2023 | Blog News

US Securities Exchange Commission (SEC) has voted 4-1 in favour of a proposal to amend the Custody Rule under the Advisers Act. Under the new proposed amendments, the requirement for advisers and qualified custodians to segregate investors’ assets will be expanded to...